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Significant Accounting Policies [Text Block]

Summary of Significant Accounting Policies

The accounting and reporting policies of Northeast Bancorp and Subsidiary (the “Company" or "Northeast") conform to accounting principles generally accepted in the United States of America ("US GAAP") and conform to practices within the financial services industry.

Business

The Company is a Maine corporation and a bank holding company registered with the Federal Reserve Bank of Boston ("FRB") under the Bank Holding Company Act of

1956.

As a bank holding company, the Company is subject to the regulation and supervision of the FRB. The Company provides a full range of banking services to individual and corporate customers throughout south-central and western Maine and conducts loan purchasing and origination activities nationwide through its wholly-owned subsidiary, Northeast Bank (the "Bank"), a Maine state-chartered bank. The Bank is subject to supervision and regulation by applicable state and federal banking agencies, including the Bureau, the Federal Deposit Insurance Corporation ("FDIC"), and the FRB. The Bank faces competition from banks and other financial institutions.

Business Combination Accounting

December

29,

2010,

the Company merged with FHB Formation LLC (the "Merger"). The Company applied the acquisition method of accounting to this business combination, which represented an acquisition by FHB Formation LLC ("FHB") of Northeast, with Northeast as the surviving company. Under the acquisition method, the acquiring entity in a business combination recognizes the assets acquired and liabilities assumed at their acquisition date fair values. Management utilizes valuation techniques appropriate for the asset or liability being measured in determining these fair values. Any excess of the purchase price over amounts allocated to assets acquired, including identifiable intangible assets, and liabilities assumed is recorded as goodwill. In the Merger, amounts allocated to assets acquired and liabilities assumed were greater than the purchase price, which resulted in the recognition of a bargain purchase gain. Acquisition-related costs were expensed as incurred.

Principles of Consolidation

The accompanying consolidated financial statements include the accounts of Northeast Bancorp, and its wholly-owned subsidiary, Northeast Bank (including the Bank's wholly-owned subsidiaries). All significant intercompany transactions and balances have been eliminated in consolidation.

NBN Capital Trust II, NBN Capital Trust III and NBN Capital Trust IV are considered affiliates and are deconsolidated pursuant to criteria established by Financial Accounting Standards Board (“FASB”) Accounting Standards Codification ("ASC")

810,

Consolidation

("ASC

810"

). The investments in these affiliates were

$496

thousand in aggregate and are included in other assets.

Reclassifications

Certain previously reported amounts have been reclassified to conform to the current year's presentation.

Use of Estimates

The consolidated financial statements have been prepared in conformity with US GAAP. In preparing the consolidated financial statements, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities as of the date of the balance sheet and reported amounts of revenue and expenses during the reporting period. Actual results could differ significantly from those estimates.

Material estimates that are particularly susceptible to significant change relate to the determination of the allowance for loan losses, the determination of fair values in conjunction with the application of loan acquisition accounting, and the on-going evaluation of assets for potential impairment.

Concentrations of Credit Risk

Most of the Community Banking Division's business activity is with customers located within the State of Maine. However, the business activities of the Bank’s Loan Acquisition and Servicing Group ("LASG") and the SBA Division are diversified across the country. In all regions, the Company’s focus is to originate and purchase commercial real estate loans. Repayment of loans is expected from cash flows of the borrower. Losses on secured loans are limited by the value of the collateral upon default of the borrowers. The Company does

not

have any significant concentrations to any

one

industry or customer.

Cash and Cash Equivalents

For purposes of presentation in the consolidated statements of cash flows, cash and cash equivalents consist of cash and due from banks and short-term investments. The Company is required to maintain a certain reserve balance in the form of cash or deposits with other financial institutions. At

June

30,

2018

and

2017,

such reserve balances totaled

$1.5

million and

$2.7

million, respectively.

Available-for-Sale

Securities

Securities for which the Company has the positive intent and ability to hold to maturity are classified as held to maturity and carried at amortized cost. Those securities held for indefinite periods of time, but

not

necessarily to maturity are classified as available for sale. Securities held for indefinite periods of time include securities that management intends to use as part of its asset/liability, liquidity, or capital management strategies and

may

be sold in response to changes in interest rates, maturities, asset/liability mix, liquidity needs, regulatory capital needs or other business factors. Securities available for sale are carried at estimated fair value with unrealized gains and losses reported on an after-tax basis in shareholders' equity as accumulated other comprehensive income or loss.

Interest and dividends on securities are recorded on the accrual method. Premiums and discounts on securities are amortized or accreted into interest income by the level-yield method over the remaining period to contractual maturity, adjusted for the effect of actual prepayments in the case of mortgage-backed securities. These estimates of prepayment assumptions are made based upon the actual performance of the underlying security, current interest rates, the general market consensus regarding changes in mortgage interest rates, the contractual repayment terms of the underlying loans, the priority rights of the investors to the cash flows from the mortgage securities and other economic conditions. When differences arise between anticipated prepayments and actual prepayments, the effective yield is recalculated to reflect actual payments to date and anticipated future payments. Unamortized premium or discount is adjusted to the amount that would have existed had the new effective yield been applied since purchase, with a corresponding charge or credit to interest income.

Security transactions are recorded on the trade date. Realized gains and losses are determined using the specific identification method and are recorded in noninterest income.

Management evaluates securities for other-than-temporary impairment on a periodic basis. Factors considered in determining whether an impairment is other than temporary include: (

) the length of time and the extent to which the fair value has been less than cost, (

) the financial condition and near-term prospects of the issuer and (

) the intent and ability of the Company to hold the investment for a period of time sufficient to allow for any anticipated recovery in fair value. If the Company intends to sell an impaired security, the Company records an other-than-temporary loss in an amount equal to the entire difference between the fair value and amortized cost. If a security is determined to be other-than-temporarily impaired, but the Company does

not

intend to sell the security, only the credit portion of the estimated loss is recognized in earnings, with the other portion of the loss recognized in other comprehensive income.

Federal Home Loan Bank Stock

During the periods presented, the Company has owned investments in the stock of the Federal Home Loan Bank of Boston ("FHLBB").

readily-available market exists for these stocks, and they have

quoted market values. The Bank, as a member of the FHLBB, is required to maintain investments in the capital stock of the FHLBB equal to their membership base investments plus an activity-based investment determined according to the Bank's level of outstanding FHLBB advances. The Company reviews its investments in FHLBB stock periodically to determine if other-than-temporary impairment exists. The Company reviews recent public filings, rating agency analysis and other factors, when making the determination. As of

June 30, 2018,

impairment has been recognized.

Loans Held for Sale and Loan Servicing

Residential real estate mortgage loans are designated as held for sale or held to maturity based on intent, which is determined when loans are underwritten. Loans originated and held for sale in the secondary market are carried at the lower of cost or fair value. The SBA Division loans are designated as held for sale based on intent to sell, which is determined on a quarterly basis. The guaranteed portions of the loans are transferred to held for sale and are carried at the lower of cost or fair value. Realized gains and losses on sales of residential loans are determined using the specific identification method, and realized gains and losses on sales of SBA loans are determined using the allocation of participating interests sold and retained. Direct loan origination costs and fees related to loans held for sale are deferred upon origination and are recognized as an adjustment to the gain or loss on the date of sale.

In connection with the mortgage loans to be held for sale, the Company often offers interest rate lock commitments to prospective borrowers. The Company manages this interest rate risk by entering into offsetting forward sale agreements with

third

party investors for certain funded loans and loan commitments. The Company uses "best efforts" forward loan sale commitments to mitigate the risk of potential decreases in the values of loans that would result from the exercise of the derivative loan commitments. The gross effect of the derivative loan commitments and forward sale agreements is nominal at each date presented.

In its SBA Division activities, the Company recognizes the SBA servicing rights as separate assets, which is classified as servicing rights, net, on the consolidated balance sheet. The Company capitalizes SBA servicing rights at the net present value of the fee income and servicing cost spread upon the sale of the related loans. The Company uses the amortization method to subsequently measure servicing assets. The SBA servicing rights are amortized over the estimated weighted average life of the loans. The Company's assumptions with respect to prepayments, which affect the estimated average life of the loans, are adjusted quarterly and as necessary to reflect current circumstances. The Company evaluates the estimated life and fair value of its servicing portfolio based on data that is disaggregated to reflect note rate, type, and term on the underlying loans. The Company performs an assessment of capitalized SBA servicing rights for impairment based on the current fair value of those rights. Fair value of the servicing rights is based on a valuation model that calculates the present value of estimated future net servicing income. The valuation model incorporates assumptions that market participants would use in estimating future net servicing income, such as the cost to service, the discount rate, prepayment speeds and default rates and losses. Impairment is recognized through a valuation allowance to the extent that fair value is less than the capitalized amount. If the Company later determines that all or a portion of the impairment

longer exists, a reduction of the allowance

may

be recorded as an increase to income.

Loans

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, any unamortized discount or premium 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 income 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 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 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 generally

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.

Allowance for Loan Losses

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. 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 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 and non-performing loans;

•

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.

There were

significant changes in the Company's policies or methodology pertaining to the general component of the allowance for loan losses during the years ended

June

30,

2018

2017.

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.

Premises and Equipment

Premises and equipment are stated at cost less accumulated depreciation and amortization. Depreciation and amortization are computed by the straight-line method over the estimated useful lives of the assets or the respective lease terms. Premises and equipment under capital leases are amortized over the estimated useful lives of the assets or the respective lease terms, whichever is shorter. Maintenance and repairs are charged to expense as incurred and the cost of major renewals and betterments are capitalized.

Intangible Assets

Identifiable intangible assets subject to amortization are amortized over the estimated lives of the intangibles using a method that approximates the amount of economic benefits that are realized by the Company. Identifiable intangible assets are reviewed for impairment annually and whenever events or changes in circumstances indicate that the carrying amount of the assets

may

not

be recoverable.

Real Estate Owned and Other Repossessed Collateral

Assets in control of the Company or acquired through foreclosure or repossession are held for sale and are initially recorded at fair value less estimated costs to sell at the date control is established, resulting in a new cost basis. The amount by which the recorded investment in the loan exceeds the fair value (net of estimated cost to sell) of the foreclosed asset is charged to the allowance for loan losses. Subsequent declines in the fair value of the foreclosed asset below the new cost basis are recorded through the use of a valuation allowance or through a direct write-off. Subsequent increases in the fair value

may

only be recorded to the extent of any previously recognized valuation allowance. Rental revenue received and gains and losses recognized on foreclosed assets is included in other noninterest income, whereas operating expenses and changes in the valuation allowance relating to foreclosed assets are included in other noninterest expense.

Impairment of Long-Lived Assets

The Company reviews long-lived assets, including premises and equipment, for impairment whenever events or changes in business circumstances indicate that the remaining useful life

may

warrant revision or that the carrying amount of the long-lived asset

may

not

be fully recoverable. The Company performs undiscounted cash flow analyses to determine if impairment exists. If impairment is determined to exist, any related impairment loss is calculated based on fair value. Impairment losses on assets to be disposed of, if any, are based on the estimated proceeds to be received, less costs of disposal.

Bank-

Owned Life Insurance

Increases in the cash surrender value of bank-owned life insurance policies, as well as death benefits received net of any cash surrender value, are recorded in noninterest income, and are

not

subject to income taxes. The cash surrender value of the policies

not

previously endorsed to participants are recorded as assets of the Company. Any amounts owed to participants relating to these policies are recorded as liabilities of the Company. The Company reviews the financial strength of the insurance carriers prior to the purchase of life insurance policies and

less than annually thereafter.

Income Taxes

Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in the period that includes the enactment date. Accordingly, changes resulting from the Tax Cuts and Jobs Act (the “Act”) enacted on

December 22, 2017

have been recognized in the consolidated financial statements as of and for the year ended

June 30, 2018.

The Company's policy is to recognize interest and penalties assessed on uncertain tax positions in income tax expense. See Note

to the consolidated financial statements. The Company exercises significant judgment in evaluating the amount and timing of recognition of the resulting tax assets and liabilities.

There was

reserve for uncertain tax positions as of

June 30, 2018

2017.

Effective

July 1, 2017,

with the application of ASU

2016

09,

Compensation-Stock Compensation (Topic

718

): Improvements to Employee Share-Based Payment Accounting, the Company

longer records the excess tax benefits or deficiencies related to share-based compensation in additional paid-in capital. Instead, excess tax benefits or deficiencies are recorded in the income statement as part of the income tax expense on a prospective basis. For interim reporting purposes, the excess tax benefits or deficiencies are recorded as discrete items in the period in which they arise. Excess tax benefits are now presented as an operating activity in the consolidated statement of cash flows. In addition, under the new guidance, when calculating incremental shares for earnings per share, entities exclude from assumed proceeds excess tax benefits that previously would have been recorded in additional paid-in capital. The total income tax benefit recorded in income tax expense relating to excess tax benefits on stock-based compensation for the year ended

June 30, 2018

was

$1.3

million.

Stock-Based Compensation

The Company's stock-based compensation plans provide for awards of stock options, restricted stock and other stock-based compensation to directors, officers and employees. The cost of employee services received in exchange for awards of equity instruments is based on the grant-date fair value of those awards. Compensation cost is recognized over the requisite service period as a component of compensation expense. For awards with graded-vesting, compensation cost is recognized on a straight-line basis over the requisite service period for the entire award. The Company uses the Black-Scholes model to estimate the fair value of stock options, while the market price of the Company's common stock at the date of grant is used for restricted stock awards.

Comprehensive Income

Comprehensive income consists of net income and other comprehensive income (loss). Other comprehensive income (loss) includes unrealized gains and losses on securities available for sale, unrealized losses related to factors other than credit on debt securities, unrealized gains and losses on cash flow hedges and deferred gains on hedge accounting transactions.

Earnings Per Share

Basic earnings per share is calculated using the

two

-class method. The

two

-class method is an earnings allocation formula under which earnings per share is calculated from common stock and participating securities according to dividends declared and participation rights in undistributed earnings. Under this method, all earnings distributed and undistributed, are allocated to participating securities and common shares based on their respective rights to receive dividends. Unvested share-based payment awards that contain non-forfeitable rights to dividends are considered participating securities (i.e. unvested restricted stock),

not

subject to performance-based measures. Basic earnings per share is calculated by dividing net income available to common shareholders by the weighted-average number of common shares outstanding (inclusive of participating securities). Diluted earnings per share have been calculated in a manner similar to that of basic earnings per share, except that the weighted-average number of common shares outstanding is increased to include the number of additional common shares that would have been outstanding if all potentially dilutive common shares (such as those resulting from the exercise of stock options or the attainment of performance measures) were issued during the period, computed using the treasury stock method.

Derivatives

Derivative instruments are carried at fair value in the Company's consolidated financial statements. The accounting for changes in the fair value of a derivative instrument is determined by whether it has been designated and qualifies as part of a hedging relationship, and further, by the type of hedging relationship. For those derivative instruments that are designated and qualify as hedging instruments, the Company designates the hedging instrument, based upon the exposure being hedged, as either a fair value hedge or a cash flow hedge. For derivative instruments that are designated and qualify as a cash flow hedge (i.e., hedging the exposure to variability in expected future cash flows that is attributable to a particular risk), the effective portion of the gain or loss on the derivative instrument is reported as a component of other comprehensive income, net of related tax, and reclassified into earnings in the same period or periods during which the hedged transactions affect earnings. The remaining gain or loss on the derivative instrument in excess of the cumulative change in the present value of future cash flows of the hedged item (i.e., the ineffective portion), if any, is recognized in current earnings during the period. For derivative instruments designated and qualifying as a fair value hedge (i.e., hedging the exposure to changes in the fair value of an asset or liability or an identified portion thereof that is attributable to the hedged risk), the gain or loss on the derivative instrument, as well as the offsetting gain or loss on the hedged item attributable to the hedged risk, are recognized in current earnings during the period of the change in fair values. At the inception of a hedge, the Company documents certain items, including but

not

limited to the following: the relationship between hedging instruments and hedged items, Company risk management objectives, hedging strategies, and the evaluation of hedge transaction effectiveness. Documentation includes linking all derivatives designated as fair value or cash flow hedges to specific assets and liabilities on the balance sheet or to specific forecasted transactions.

Hedge accounting is discontinued prospectively when (

) a derivative is

longer highly effective in offsetting changes in the fair value or cash flow of a hedged item, (

) a derivative expires or is sold, (

) a derivative is de-designated as a hedge, because it is unlikely that a forecasted transaction will occur, or (

) it is determined that designation of a derivative as a hedge is

longer appropriate. For derivative instruments

not

designated as hedging instruments, the gain or loss on the derivative is recognized in current earnings during the period of change.

Transfer of Financial Assets

Transfers of financial assets are accounted for as sales when control over the assets has been surrendered. Control over transferred assets is deemed to be surrendered when (

) the assets have been isolated from the Company, (

) the transferee obtains the right (free of conditions that constrain it from taking advantage of that right) to pledge or exchange the transferred assets, and (

) the Company does

not

maintain effective control over the transferred assets. There are

agreements to repurchase before their maturity.

Transfers of a portion of a loan must meet the criteria of a participating interest. If it does

not

meet the criteria of a participating interest, the transfer must be accounted for as a secured borrowing. In order to meet the criteria for a participating interest, all cash flows from the loan must be divided proportionately, the rights of each loan holder must have the same priority, and the loan holders must have

recourse to the transferor other than standard representations and warranties and

loan holder has the right to pledge or exchange the entire loan.

The Company sells financial assets in the normal course of business, the majority of which are related to the SBA-guaranteed portion of loans, as well as residential mortgage loan sales through established programs, commercial loan sales through participation agreements, and other individual or portfolio loan and securities sales. In accordance with accounting guidance for asset transfers, the Company considers any ongoing involvement with transferred assets in determining whether the assets can be derecognized from the balance sheet. With the exception of servicing and certain performance-based guarantees, the Company's continuing involvement with financial assets sold is minimal and generally limited to market customary representation and warranty clauses.

When the Company sells financial assets, it

may

retain servicing rights and/or other interests in the financial assets. The gain or loss on sale depends on the previous carrying amount of the transferred financial assets, the servicing right recognized, and the consideration received and any liabilities incurred in exchange for the transferred assets. Upon transfer, any servicing assets and other interests held by the Company are carried at the lower of cost or fair value.

Advertising Costs

Advertising costs are expensed as incurred.

Segment Reporting

All of the Company's operations are considered by management to be

one

operating segment.

Recent Accounting Pronouncements

May 2014,

the Financial Accounting Standards Board (“FASB”) issued ASU

2014

09,

Revenue from Contracts with Customers (Topic

606

)

(“ASU

2014

09”

). ASU

2014

implements a common revenue standard that clarifies the principles for recognizing revenue. The core principle of ASU

2014

is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. To achieve that core principle, an entity should apply the following steps: (i) identify the contract(s) with a customer, (ii) identify the performance obligations in the contract, (iii) determine the transaction price, (iv) allocate the transaction price to the performance obligations in the contract and (v) recognize revenue when (or as) the entity satisfies a performance obligation. ASU

2015

14,

Revenue from Contracts with Customers

(Topic

606

)

(“ASU

2015

14”

) was issued in

August 2015

which defers adoption to annual reporting periods beginning after

December 15, 2017.

The timing of the Company’s revenue recognition is

not

expected to materially change. The Company’s largest portions of revenue, interest and fees on loans and gain on sales of loans, are specifically excluded from the scope of the guidance, and the Company currently recognizes the majority of the remaining revenue sources in a manner that management believes is consistent with the new guidance. Because of this, management believes that revenue recognized under the new guidance will generally approximate revenue recognized under current US GAAP. These observations are subject to change as the evaluation is completed.

January 2016,

the FASB issued ASU

2016

01,

Financial Instruments—Overall (Subtopic

825

): Recognition and Measurement of Financial Assets and Financial Liabilities

(“ASU

2016

01”

). This guidance changes how entities account for equity investments that do

not

result in consolidation and are

not

accounted for under the equity method of accounting. Entities will be required to measure these investments at fair value at the end of each reporting period and recognize changes in fair value in net income. A practicability exception will be available for equity investments that do

not

have readily determinable fair values; however, the exception requires the Company to adjust the carrying amount for impairment and observable price changes in orderly transactions for the identical or a similar investment of the same issuer. This guidance also changes certain disclosure requirements and other aspects of current US GAAP. This guidance is effective for fiscal years beginning after

December 15, 2017,

including interim periods within the fiscal year. Early adoption is permitted for only

one

of the

six

amendments. The impact of the change in equity investments will depend on market conditions, but if applied in fiscal

2018,

would have resulted in a loss related to changes in fair value of equity investments of

$152

thousand (pre-tax) being recognized in net income versus other comprehensive income. The disclosure of the fair value of “Loans, net” in “Note

18:

Fair Value Measurements” is subject to change at adoption of the guidance based on an exit pricing strategy versus an entry pricing strategy when determining the fair value. The Company is currently evaluating the amount of expected change in the disclosure, but the adoption does

not

impact the operations of the Company.

February 2016,

the FASB issued ASU

2016

02,

Leases (Topic

842

)

(“ASU

2016

02”

). The new guidance establishes the principles to report transparent and economically neutral information about the assets and liabilities that arise from leases. Entities will be required to recognize the lease assets and lease liabilities that arise from leases in the statement of financial position and to disclose qualitative and quantitative information about lease transactions, such as information about variable lease payments and options to renew and terminate leases. This guidance is effective for fiscal years beginning after

December 15, 2018,

including interim periods within the fiscal year. The Company is currently evaluating the impact of the adoption of ASU

2016

to determine the potential impact it will have on its consolidated financial statements. The Company’s assets and liabilities will increase based on the present value of the remaining lease payments for leases in place at the adoption date; however, this is

not

expected to be material to the Company’s consolidated financial statements.

March 2016,

the FASB issued ASU

2016

09,

Compensation

—

Stock Compensation (Topic

718

): Improvements to Employee Share-Based Payment Accounting

(“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 required to recognize the income tax effects of awards in the income statement when the awards vest or are settled. This guidance became effective for the Company for the fiscal year beginning

July 1, 2017.

For reporting purposes the excess tax benefits or deficiencies shall be recorded as discrete items in the period in which they occur. 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.

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 would previously have been recognized in additional paid-in capital. For the year ended

June 30, 2018,

this item reduced income tax expense and increased net income by approximately

$1.3

million, representing an income tax benefit arising from individuals who exercised non-qualified stock options and restricted stock awards that vested during the period. For the year ended

June 30, 2017,

the Company recognized

$27

thousand in additional paid-in-capital related to the excess tax benefit, which, if under the new ASU, would have been recognized as an income tax benefit in the income statement. These amounts, treated as discrete items in the period in which they occur, will vary from year to year as a function of the volume of share-based payments vested or exercised and the then fair market value of the Company's stock in comparison to the compensation cost recognized in the financial statements. 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 which increased diluted weighted average common shares outstanding by

40,966

shares to

9,089,936.

This amendment is applied on a prospective basis, and

prior periods were adjusted. Additionally upon 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.

June 2016,

the FASB issued ASU

2016

13,

Financial Instruments

—

Credit Losses (Topic

326

)

(“ASU

2016

13”

). This guidance is intended to provide financial statement users with more decision-useful information about the expected credit losses on financial instruments and other commitments to extend credit held by a reporting entity at each reporting date. To achieve this objective, the amendments in this guidance replace the incurred loss impairment methodology in current US GAAP with a methodology that reflects expected credit losses and requires consideration of a broader range of reasonable and supportable information to inform credit loss estimates. This ASU will be effective for fiscal years beginning after

December 15, 2019.

Early adoption is available as of the fiscal year beginning after

December 15, 2018.

The Company is evaluating the provisions of the guidance, and will closely monitor developments and additional guidance to determine the potential impact on the Company’s consolidated financial statements. Management is in the process of identifying the methodologies and the additional data requirements necessary to implement the guidance and has engaged an existing

third

party service provider to assist in implementation.

May 2017,

the FASB issued ASU

2017

09,

Compensation – Stock Compensation (Topic

718

): Scope of Modification Accounting

(“ASU

2017

09”

) which amends the scope of modification accounting for share-based payment arrangements. This update provides guidance on the types of changes to the terms or conditions of share-based payment awards to which an entity would be required to apply modification accounting. Specifically, an entity would

not

apply modification accounting if the fair value, vesting conditions, and classification of the awards are the same immediately before and after the modification. This update is effective for public business entities for annual periods being after

December 15, 2017,

including interim periods within those annual periods. Early adoption is permitted including adopting in any interim period. This update will be applied prospectively to awards modified on or after the effective date. The adoption of this guidance is

not

expected to have an impact on the Company’s consolidated financial statements.

August 2017,

the FASB issued ASU

2017

12,

Derivatives and Hedging (Topic

815

)

(“ASU

2017

12”

). This guidance permits hedge accounting for risk components in hedging relationships involving nonfinancial risk and interest rate risk, and improves the financial reporting of hedging relationships to better portray the economic results of an entity’s risk management activities in its financial statements. The amendments in this guidance are effective for public business entities for fiscal years beginning after

December 15, 2018,

and interim periods within those fiscal years. Early adoption is permitted, including adoption in an interim period. The adoption of this guidance is

not

expected to have a significant impact on the Company’s consolidated financial statements.

February 2018,

the FASB issued ASU

2018

02,

Income Statement- Reporting Comprehensive Income (Topic

220

)

(“ASU

2018

02”

). This guidance allows a reclassification from accumulated other comprehensive income to retained earnings for stranded tax effects resulting from the “Tax Cuts and Jobs Act,” which was signed into law in

December 2017.

The amendments in this guidance are effective for all entities for fiscal years beginning after

December 15, 2018,

and interim periods within those fiscal years. Early adoption is permitted, including adoption in an interim period. The Company adopted this guidance during the

three

months ended

March 31, 2018.

This adoption resulted in a reclassification of

$283

thousand to accumulated other comprehensive income from retained earnings in the consolidated financial statements, with

net effect on shareholders' equity.

July 2018,

the FASB issued ASU

2018

10,

Codification Improvements to Topic

842,

Leases

(“ASU

2018

10”

) and ASU

2018

11,

Leases (Topic

842

)

(“ASU

2018

11”

). The guidance provides clarification on the application of ASU

2016

02,

specifically on certain narrow aspects of the guidance issued under ASU

2016

02,

including comparative reporting requirements for initial adoption and, for lessors only, separating lease and non-lease components in a contract and allocating the consideration in the contract to the separate components. For entities that have

not

adopted ASU

2016

before the issuance of these updates, the amendments in this guidance are the same as the effective date and transition requirements in ASU

2016

02.

The adoption of this guidance is

not

expected to have an impact on the Company’s consolidated financial statements.

Note 2 - Securities Available for Sale

12 Months Ended

Jun. 30, 2018

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

urities Available

for

Sale

The following presents a summary of the amortized cost, gross unrealized holding gains and losses, and fair value of securities available for sale.

	June 30, 2018
	Amortized		Gross Unrealized		Gross Unrealized			Fair
	Cost		Gains		Losses			Value
	(Dollars in thousands)
U.S. Government agency securities	$	57,129	$	-	$	(242	)	$	56,887
Agency mortgage-backed securities		25,276		-		(1,095	)		24,181
Other investments measured at net asset value		6,866		-		(247	)		6,619
Total	$	89,271	$	-	$	(1,584	)	$	87,687

	June 30, 2017
	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
Other investments measured at net asset value		6,717		-		(95	)		6,622
Total	$	97,641	$	-	$	(948	)	$	96,693

June

30,

2018,

the Company held

securities of any single issuer (excluding the U. S. Government and federal agencies) with a book value that exceeded

10%

of shareholders’ equity.

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 years ending

June 30, 2018

2017.

June

30,

2018,

investment securities were pledged as collateral to secure outstanding FHLBB advances.

	June 30, 2018
	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	$	25,988	$	(126	)	$	30,899	$	(116	)	$	56,887	$	(242	)
Agency mortgage-backed securities		1,265		(27	)		22,916		(1,068	)		24,181		(1,095	)
Other investments measured at net asset value		-		-			5,076		(247	)		5,076		(247	)
Total	$	27,253	$	(153	)	$	58,891	$	(1,431	)	$	86,144	$	(1,584	)

	June 30, 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	$	57,168	$	(233	)	$	-	$	-		$	57,168	$	(233	)
Agency mortgage-backed securities		19,571		(298	)		13,332		(322	)		32,903		(620	)
Other investments measured at net asset value		5,115		(95	)		-		-			5,115		(95	)
Total	$	81,854	$	(626	)	$	13,332	$	(322	)	$	95,186	$	(948	)

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.

There were

other-than-temporary impairment losses on securities during the years ended

June 30, 2018,

2017,

and

2016.

June 30, 2018,

the Company had

thirty

securities in a continuous loss position for greater than

twelve

months. At

June 30, 2018,

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

June 30, 2018

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

June 30, 2018,

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

June 30, 2018.

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

June 30, 2018,

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

4.60

years.

The amortized cost and fair values of available-for-sale debt securities by contractual maturity are shown below as of

June 30, 2018.

Actual maturities

may

differ from contractual maturities because borrowers

may

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

	Amortized Cost		Fair Value
	(Dollars in thousands)
Due within one year	$	33,004	$	32,887
Due after one year through five years		33,485		33,101
Due after five years through ten years		15,916		15,080
Due after ten years		-		-
Total	$	82,405	$	81,068

Note 3 - Loans, Allowance for Loan Losses and Credit Quality

12 Months Ended

Jun. 30, 2018

Financing Receivables [Text Block]

Loans

, Allowance for Loan Losses and Credit Quality

The composition of the Company’s loan portfolio is as follows on the dates indicated.

	June 30, 2018						June 30, 2017
	Originated		Purchased		Total		Originated		Purchased		Total
	(Dollars in thousands)
Residential real estate	$	75,873	$	13,926	$	89,799	$	83,759	$	3,377	$	87,136
Home equity		10,457		-		10,457		13,931		101		14,032
Commercial real estate		303,399		276,051		579,450		256,280		241,724		498,004
Commercial and industrial		187,857		995		188,852		174,468		1,186		175,654
Consumer		3,244		-		3,244		4,369		-		4,369
Total loans	$	580,830	$	290,972	$	871,802	$	532,807	$	246,388	$	779,195

Total loans include deferred loan origination costs, net, of

$223

thousand as of

June 30, 2018

and

$507

thousand as of

June 30, 2017.

Loans pledged as collateral with the FHLBB for outstanding borrowings and additional borrowing capacity totaled

$128.3

million and

$163.5

million at

June

30,

2018

and

2017,

respectively.

During the years ended

June 30, 2018

and

2017,

the Company sold

four

LASG purchased loans with a total principal balance of

$2.8

million for a gain of

$918

thousand, and a commercial loan portfolio of

$18.3

million for a gain of

$365

thousand, respectively.

Related Party Loans

Certain of the Company's related parties are credit customers of the Company in the ordinary course of business. All loans and commitments included in such transactions are on such terms, including interest rates, repayment terms and collateral, as those prevailing at the time for comparable transactions with persons who are

not

affiliated with the Bank and do

not

involve more than a normal risk of collectability or present other features unfavorable to the Bank.

As of

June 30, 2018

and

2017,

the outstanding loan balances to directors, officers, principal shareholders and their associates were

$129

thousand and

$208

thousand, respectively. All loans to these related parties were current and accruing at those dates.

Past Due and Nonaccrual Loans

The following is a summary of past due and nonaccrual loans:

	June 30, 2018
					Past Due		Past Due
					90 Days or		90 Days or		Total						Non-
	30-59		60-89		More-Still		More-		Past		Total		Total		Accrual
	Days		Days		Accruing		Nonaccrual		Due		Current		Loans		Loans
	(Dollars in thousands)
Originated portfolio:
Residential real estate	$	404	$	181	$	-	$	1,201	$	1,786	$	74,087	$	75,873	$	2,914
Home equity		89		-		-		154		243		10,214		10,457		298
Commercial real estate		27		210		-		169		406		302,993		303,399		1,499
Commercial and industrial		-		-		-		792		792		187,065		187,857		1,368
Consumer		77		82		-		19		178		3,066		3,244		134
Total originated portfolio		597		473		-		2,335		3,405		577,425		580,830		6,213
Purchased portfolio:
Residential real estate		-		-		-		202		202		13,724		13,926		202
Commercial real estate		659		274		-		3,086		4,019		272,032		276,051		5,180
Commercial and industrial		17		-		-		91		108		887		995		363
Total purchased portfolio		676		274		-		3,379		4,329		286,643		290,972		5,745
Total loans	$	1,273	$	747	$	-	$	5,714	$	7,734	$	864,068	$	871,802	$	11,958

	June 30, 2017
					Past Due		Past Due
					90 Days or		90 Days or		Total						Non-
	30-59		60-89		More-Still		More-		Past		Total		Total		Accrual
	Days		Days		Accruing		Nonaccrual		Due		Current		Loans		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		-		1,082		-		16		1,098		2,380		3,478		1,056
Commercial real estate		173		1,997		-		2,922		5,092		236,632		241,724		6,364
Commercial and industrial		-		-		-		-		-		1,186		1,186		32
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 following table sets forth activity in the Company’s allowance for loan losses:

	Year Ended June 30, 2018
	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		302			544		170		(1	)		395			-		1,410
Recoveries		14			-		25		40			-			-		79
Charge-offs		(183	)		-		-		(53	)		(111	)		-		(347	)
Ending balance	$	610		$	2,856	$	715	$	39		$	587		$	-	$	4,807

	Year Ended June 30, 2017
	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		(33	)		1,099			207		54			267			-		1,594
Recoveries		33			21			16		38			-			-		108
Charge-offs		(186	)		(3	)		-		(101	)		(97	)		-		(387	)
Ending balance	$	477		$	2,312		$	520	$	53		$	303		$	-	$	3,665

	Year Ended June 30, 2016
	Residential			Commercial			Commercial
	Real Estate			Real Estate			and Industrial			Consumer			Purchased			Unallocated			Total
	(Dollars in thousands)
Beginning balance	$	741		$	694		$	117		$	35		$	283		$	56		$	1,926
Provision		21			547			243			76			787			(56	)		1,618
Recoveries		35			5			14			17			-			-			71
Charge-offs		(134	)		(51	)		(77	)		(66	)		(937	)		-			(1,265	)
Ending balance	$	663		$	1,195		$	297		$	62		$	133		$	-		$	2,350

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

	June 30, 2018
	Residential		Commercial		Commercial
	Real Estate		Real Estate		and Industrial		Consumer		Purchased		Unallocated		Total
	(Dollars in thousands)
Allowance for loan losses:
Individually evaluated	$	322	$	139	$	120	$	6	$	-	$	-	$	587
Collectively evaluated		288		2,717		595		33		-		-		3,633
ASC 310-30		-		-		-		-		587		-		587
Total	$	610	$	2,856	$	715	$	39	$	587	$	-	$	4,807

Loans:
Individually evaluated	$	5,682	$	2,882	$	3,008	$	292	$	-	$	-	$	11,864
Collectively evaluated		80,648		300,517		184,849		2,952		-		-		568,966
ASC 310-30		-		-		-		-		290,972		-		290,972
Total	$	86,330	$	303,399	$	187,857	$	3,244	$	290,972	$	-	$	871,802

	June 30, 2017
	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.

	June 30, 2018						June 30, 2017
			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	$	3,162	$	3,154	$	-	$	4,052	$	4,084	$	-
Commercial real estate		1,641		1,634		-		359		354		-
Commercial and industrial		2,401		2,401		-		1,870		1,870		-
Consumer		271		296		-		250		271		-
Purchased:
Residential real estate		202		420		-		1,056		1,099		-
Commercial real estate		6,601		11,276		-		8,696		11,468		-
Commercial and industrial		108		1,420		-		32		65		-
Total		14,386		20,601		-		16,315		19,211		-
Impaired loans with a valuation allowance:
Originated:
Residential real estate		2,520		2,497		322		1,624		1,595		252
Commercial real estate		1,241		1,233		139		1,400		1,388		147
Commercial and industrial		607		607		120		824		824		149
Consumer		21		22		6		46		55		4
Purchased:
Commercial real estate		4,748		5,362		280		3,528		3,929		176
Commercial and industrial		349		407		307		94		108		55
Total		9,486		10,128		1,174		7,516		7,899		783
Total impaired loans	$	23,872	$	30,729	$	1,174	$	23,831	$	27,110	$	783

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

	Year Ended June 30,
	2018
	Average		Interest
	Recorded		Income
	Investment		Recognized
	(Dollars in thousands)
Impaired loans without a valuation allowance:
Originated:
Residential real estate	$	3,697	$	94
Commercial real estate		2,054		183
Commercial and industrial		1,904		105
Consumer		271		18
Purchased:
Residential real estate		489		-
Commercial real estate		8,754		275
Commercial and industrial		42		-
Total		17,211		675
Impaired loans with a valuation allowance:
Originated:
Residential real estate		2,120		159
Commercial real estate		1,379		92
Commercial and industrial		753		6
Consumer		33		2
Purchased:
Residential real estate		66		1
Commercial real estate		4,266		186
Commercial and industrial		251		3
Total		8,868		449
Total impaired loans	$	26,079	$	1,124

	Years Ended June 30,
	2017				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	$	3,775	$	106	$	2,584	$	151
Commercial real estate		454		19		978		31
Commercial and industrial		1,195		33		9		-
Consumer		225		14		255		27
Purchased:
Residential real estate		1,086		1		563		51
Commercial real estate		6,474		267		6,123		140
Commercial and industrial		28		-		-		-
Total		13,237		440		10,512		400
Impaired loans with a valuation allowance:
Originated:
Residential real estate		1,798		117		1,984		96
Commercial real estate		1,219		100		1,056		63
Commercial and industrial		532		13		1		-
Consumer		77		7		53		3
Purchased:
Commercial real estate		1,636		86		1,346		83
Commercial and industrial		35		2		-		-
Total		5,297		325		4,440		245
Total impaired loans	$	18,534	$	765	$	14,952	$	645

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 credit quality and ratings of all loans subject to risk 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.

	June 30, 2018
	Originated Portfolio
	Commercial		Commercial		Residential Real		Purchased
	Real Estate		and Industrial		Estate (1)		Portfolio		Total
	(Dollars in thousands)
Pass (1- 6)	$	298,200	$	184,024	$	13,531	$	279,111	$	774,866
Special mention (7)		3,505		2,198		100		5,899		11,702
Substandard (8)		1,694		1,635		823		5,962		10,114
Doubtful (9)		-		-		-		-		-
Loss (10)		-		-		-		-		-
Total	$	303,399	$	187,857	$	14,454	$	290,972	$	796,682

	June 30, 2017
	Originated Portfolio
	Commercial		Commercial		Residential Real		Purchased
	Real Estate		and Industrial		Estate (1)		Portfolio		Total
	(Dollars in thousands)
Pass (1- 6)	$	253,041	$	171,160	$	10,039	$	229,980	$	664,220
Special mention (7)		2,686		2,483		71		9,622		14,862
Substandard (8)		554		825		803		6,786		8,968
Doubtful (9)		-		-		19		-		19
Loss (10)		-		-		-		-		-
Total	$	256,281	$	174,468	$	10,932	$	246,388	$	688,069

(

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

Troubled Debt Restructurings

The following table shows the Company’s post-modification balance of TDRs by type of modification.

	Years Ended June 30,
	2018				2017
	Number of		Recorded		Number of		Recorded
	Contracts		Investment		Contracts		Investment
	(Dollars in thousands)
Extended maturity		3	$	73		9	$	4,537
Adjusted interest rate		1		15		6		424
Rate and maturity		4		2,302		5		1,317
Principal deferment		8		3,362		3		1,978
Court ordered concession		1		94		-		-
Total		17	$	5,846		23	$	8,256

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

	Years Ended June 30,
	2018						2017
			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		8	$	707	$	709		9	$	964	$	1,084
Home equity		-		-		-		-		-		-
Commercial real estate		5		3,303		3,370		2		195		195
Commercial and industrial		1		655		655		2		1,867		1,937
Consumer		-		-		-		-		-		-
Total originated portfolio		14		4,665		4,734		13		3,026		3,216

Purchased portfolio:
Commercial real estate		2		820		844		9		4,895		4,946
Commercial and industrial		1		269		268		1		94		94
Total purchased portfolio		3		1,089		1,112		10		4,989		5,040
Total		17	$	5,754	$	5,846		23	$	8,015	$	8,256

As of

June 30, 2018,

there were

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

The Company considers TDRs past due

days or more to be in payment default.

loans modified in a TDR in the last

twelve

months defaulted during the years ended

June 30, 2018

and

2017.

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.

	Years Ended June 30,
	2018			2017			2016
	(Dollars in thousands)
Contractually required payments receivable	$	179,726		$	175,274		$	148,394
Nonaccretable difference		(4,321	)		(4,518	)		(2,050	)
Cash flows expected to be collected		175,405			170,756			146,344
Accretable yield		(51,294	)		(57,949	)		(46,345	)
Fair value of loans acquired	$	124,111		$	112,807		$	99,999

Certain of the 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. When acquired these loans are placed on nonaccrual. The carrying amounts of such loans are as follows.

	As of and for the Years Ended June 30,
	2018		2017		2016
	(Dollars in thousands)
Loans acquired during the period	$	820	$	1,850	$	424
Loans at end of period		5,278		6,582		4,512

The following tables summarize the activity in the accretable yield for loans accounted for under ASC

310

30.

	Years Ended June 30,
	2018			2017			2016
	(Dollars in thousands)
Beginning balance	$	131,197		$	124,151		$	111,449
Acquisitions		51,294			57,949			46,345
Accretion		(17,947	)		(18,468	)		(16,900	)
Reclassifications from nonaccretable difference to accretable yield		5,827			6,109			7,079
Disposals and other changes		(32,193	)		(38,544	)		(23,822	)
Ending balance	$	138,178		$	131,197		$	124,151

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

310

loans.

	June 30, 2018		June 30, 2017
Unpaid principal balance	$	318,876	$	271,709
Carrying amount		284,317		239,583

Note 4 - Transfers and Servicing of Financial Assets

12 Months Ended

Jun. 30, 2018

Transfers and Servicing of Financial Assets [Text Block]

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

June 30, 2018

totaled

$3.0

million, compared to

$2.8

million as of

June 30, 2017,

and are classified as servicing rights, net, on the consolidated balance sheets.

Mortgage loans sold in the year ended

June 30, 2018

totaled

$63.8

million, compared to

$74.7

million in the year ended

June 30, 2017.

Mortgage loans serviced for others totaled

$8.7

million at

June 30, 2018

and

$10.7

million at

June

30,

2017.

Additionally, the Company was servicing commercial loans participated out to various other institutions amounting to

$32.2

million and

$25.2

million at

June 30, 2018

and

2017,

respectively.

SBA loans sold during the year ended

June 30, 2018

totaled

$29.2

million, compared to

$53.8

million in the year ended

June 30, 2017.

SBA loans serviced for others totaled

$162.0

million at

June 30, 2018

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 specified servicing fees were

$817

thousand,

$988

thousand, and

$649

thousand for the years ended

June 30, 2018,

2017

and

2016,

respectively, and were included as a component of fees for other services to customers within noninterest income.

The significant assumptions used in the valuation for loan servicing rights as of

June 30, 2018

included a discount rate, ranging from

9.0%

16.0%

and a weighted average prepayment speed assumption of

10.6

SBA servicing rights activity was as follows:

	(Dollars in thousands)
Balance, June 30, 2015	$	1,077
Additions		1,230
Disposals		(38	)
Amortization		(52	)
Impairment		(463	)
Balance, June 30, 2016		1,754
Additions		1,529
Amortization		(224	)
Impairment		(220	)
Balance, June 30, 2017		2,839
Additions		931
Amortization		(769	)
Impairment		(31	)
Balance, June 30, 2018	$	2,970

Note 5 - Premises and Equipment

12 Months Ended

Jun. 30, 2018

Property, Plant and Equipment Disclosure [Text Block]

Premises and Equipment

Premises and equipment consists of the following:

	June 30, 2018		June 30, 2017		Estimated Useful Life
	(Dollars in thousands)				(In years)
Land	$	767	$	767	n/a
Buildings		1,702		1,755	39
Assets recorded under capital lease		1,850		1,850	Term of lease
Leasehold and building improvements		3,646		3,150	5	-	39	(or term of lease, if shorter)
Furniture, fixtures and equipment		8,749		8,274				3	-	7
Total		16,714		15,796
Less accumulated depreciation		10,123		8,859
Net premises and equipment	$	6,591	$	6,937

Depreciation and amortization of premises and equipment included in occupancy and equipment expense was

$1.3

million for the year ended

June 30, 2018,

$1.4

million for the year ended

June 30, 2017

and

$1.6

million for the year ended

June 30, 2016.

Note 6 - Intangible Assets

12 Months Ended

Jun. 30, 2018

Goodwill and Intangible Assets Disclosure [Text Block]

Intangible Assets

June

30,

2018

and

2017,

intangible assets consisted of a core deposit intangible. The Company’s core deposit intangible is being amortized on an accelerated basis over

9.5

years, with an estimated remaining life of

years.

The changes in the carrying amount of the core deposit intangible follow:

	(Dollars in thousands)
June 30, 2015	$	2,209
Amortization		(477	)
June 30, 2016	$	1,732
Amortization		(432	)
June 30, 2017	$	1,300
Amortization		(433	)
June 30, 2018	$	867

The components of core deposit intangible follow:

	June 30, 2018			June 30, 2017
	(Dollars in thousands)
Core Deposit Intangible:
Gross carrying amount	$	6,348		$	6,348
Accumulated amortization		(5,481	)		(5,048	)
Intangible asset, net	$	867		$	1,300

Expected annual amortization expense associated with the core deposit intangible over the period of estimated economic benefit is as follows:

Fiscal Year	Expected Amortization Expense
	(Dollars in thousands)
2019	$	433
2020		434
Total	$	867

Note 7 - Deposits

12 Months Ended

Jun. 30, 2018

Deposit Liabilities Disclosures [Text Block]

eposits

The composition of deposits is as follows:

	June 30, 2018		June 30, 2017
	(Dollars in thousands)
Demand	$	72,272	$	69,827
NOW		73,347		71,247
Money market		420,886		374,569
Regular savings		36,290		37,170
Time certificates		352,145		337,037
Total deposits	$	954,940	$	889,850

There were

time deposits greater than

$250

thousand as of

June 30, 2018

and

2017.

The scheduled maturities of time certificates by fiscal year are as follows:

Fiscal Year	June 30, 2018
	(Dollars in thousands)
2019	$	248,119
2020		63,986
2021		22,263
2022		12,606
2023		5,171
Thereafter		-
Total	$	352,145

Note 8 - Borrowings

12 Months Ended

Jun. 30, 2018

Debt Disclosure [Text Block]

Borrowings

Federal Home Loan Bank

Advances

A summary of advances from the Federal Home Loan Bank of Boston follows:

Maturity	Unpaid Principal Balance				Carrying Amount (1)				Weighted Average Interest Rate
By Fiscal	2018		2017		2018		2017		2018			2017
Year	(Dollars in thousands)
2018	$	-	$	20,000	$	-	$	20,011		0.00	%		1.94	%
2019		15,000		-		15,000		-		2.05	%		0.00	%
	$	15,000	$	20,000	$	15,000	$	20,011		2.05	%		1.94	%

(

)

The difference between the carrying amount and the unpaid principal balance is the result of purchase accounting. The premium or discount is being amortized or accreted as interest expense over the instrument’s contractual life.

June

30,

2018,

FHLBB advances were subject to call provisions and as such,

may

not

be called prior to the stated maturity.

Certain mortgage loans, free of liens, pledges and encumbrances have been pledged under a blanket agreement to secure these advances. The Company is required to own stock in the Federal Home Loan Bank of Boston in order to borrow from the FHLBB.

June

30,

2018,

the Company had approximately

$48.7

million of additional capacity to borrow from the FHLBB.

Capital Lease Obligation

In fiscal

2006,

the Company recognized a capital lease obligation for its Lewiston, Maine, headquarters. The present value of the lease payments over

fifteen

years exceeded

90%

of the fair value of the property.

The outstanding capital lease obligations are as follows for years ending

June 30:

	Capital Lease Obligation
	(Dollars in thousands)
2019	$	306
2020		306
2021		25
Total		637
Imputed interest		(32	)
Capital lease obligation	$	605

Note 9 - Subordinated Debt

12 Months Ended

Jun. 30, 2018

Subordinated Borrowings Disclosure [Text Block]

Subordinated

Debt

Trust Preferred Securities

and Junior Subordinated Debentures

NBN Capital Trust II and NBN Capital Trust III were created in

December 2003.

NBN Capital Trust IV was created in

December 2004.

Each such trust is a Delaware statutory trust (together, the "Private Trusts"). The exclusive purpose of the Private Trusts was (i) issuing and selling common securities and preferred securities in a private placement offering (the "Private Trust Securities"), (ii) using the proceeds of the sale of the Private Trust Securities to acquire Junior Subordinated Deferrable Interest Notes ("Junior Subordinated Debentures"); and (iii) engaging only in those other activities necessary, convenient or incidental thereto. Accordingly, the Junior Subordinated Debentures are the sole assets of each of the Private Trusts.

The following table summarizes the Junior Subordinated Debentures issued by the Company to each affiliated trust and the Private Trust Securities issued by each affiliated trust as of

June 30, 2018

and

June

30,

2017.

Amounts include the junior subordinated debentures acquired by the affiliated trusts from the Company with the capital contributed by the Company in exchange for the common securities of such trust, which were

$93

thousand each for NBN Capital Trust II and III and

$310

thousand for NBN Capital Trust IV. The trust preferred securities (the "Preferred Securities") were sold in

two

separate private placement offerings. The Company has the right to redeem the Junior Subordinated Debentures, in whole or in part, on or after

March

30,

2009,

for NBN Capital Trust II and III, and on or after

February

23,

2010,

for NBN Capital Trust IV, at the redemption price specified in the associated Indenture, plus accrued but unpaid interest to the redemption date.

	Maturity Date	Unpaid Principal Balance				Carrying Amount (1)
		2018		2017		2018		2017
		(Dollars in thousands)
NBN Capital Trust II	March 30, 2034	$	3,093	$	3,093	$	1,940	$	1,901
NBN Capital Trust III	March 30, 2034		3,093		3,093		1,940		1,901
NBN Capital Trust IV	February 23, 2035		10,310		10,310		5,358		5,209
		$	16,496	$	16,496	$	9,238	$	9,011

(

)

NBN Capital Trust II and III pay a variable rate based on

three

month LIBOR plus

2.80%,

and NBN Capital Trust IV pays a variable rate based on

three

month LIBOR plus

1.89%.

Accordingly, the Preferred Securities of the Private Trusts currently pay quarterly distributions at an annual rate of

3.45%

for the stated liquidation amount of

$1,000

per Preferred Security for NBN Capital Trust II and III and an annual rate of

2.54%

for the stated liquidation amount of

$1,000

per Preferred Security for NBN Capital Trust IV. The Company has fully and unconditionally guaranteed all of the obligations of each trust. The guaranty covers the quarterly distributions and payments on liquidation or redemption of the Private Trust Securities, but only to the extent of funds held by the trusts.

The Junior Subordinated Debentures each have variable rates indexed to

three

-month LIBOR. During the fiscal year ended

June

30,

2015,

the Company purchased

two

interest rate caps to hedge the interest rate risk on notional amounts of

million and

$10

million, respectively, of the Company's Junior Subordinated Debentures. Each is a cash flow hedge used to manage the risk to net interest income in a period of rising rates.

The interest rate caps hedge the junior subordinated debt resulting from the issuance of trust preferred securities by our affiliates NBN Capital Trust II, NBN Capital Trust III and NBN Capital Trust IV. The notional amount of

million and

$10

million for each interest rate cap represents the outstanding junior subordinated debt from each trust. The strike rate is

2.50%.

The Company will recognize higher interest expense on the junior subordinated debt for the

first

200

basis points increase in

three

-month LIBOR. Once the

three

-month LIBOR rate exceeds

2.50%

on a quarterly reset date, there will be a payment by the counterparty to the Company at the following quarter end. The effective date of the purchased interest rate caps were

October 2014

and

March 2015,

respectively, and mature

five

years after.

Subordinated Notes

June 29, 2016,

the Company entered into a Subordinated Note Purchase Agreement with certain institutional accredited investors (the “Purchasers”) whereby the Company sold and issued

$15.05

million in aggregate principal amount of

6.75%

fixed-to-floating subordinated notes due

2026

(the “Notes”). The Notes were issued by the Company to the Purchasers at a price equal to

100%

of their face amount. Issuance costs were

$552

thousand and have been netted against Subordinated Debt on the consolidated balance sheet. These costs are being amortized over

five

years, which represents the period from issuance to the

first

redemption date of

July 1, 2021.

Total amortization expense for both years ended

June 30, 2018

and

2017

was

$110

thousand, with

$331

thousand remaining to be amortized as of

June 30, 2018.

The Notes mature on

July 1, 2026,

with a fixed interest rate of

6.75%

payable semiannually in arrears for

five

years until

July 1, 2021.

Subsequently, the Company will be obligated to pay

-month LIBOR plus

557

basis points quarterly in arrears until either the early redemption date or the maturity date. The Notes are

not

convertible into or exchangeable for any other securities or assets of the Company or any of its subsidiaries. The Notes are redeemable by the Company, in whole or in part, on or after

July 1, 2021

and at any time upon the occurrence of certain events. Any redemption by the Company would be at a redemption price equal to

100%

of the outstanding principal amount of the Notes being redeemed, including any accrued and unpaid interest.

Note 10 - Capital and Regulatory Matters

12 Months Ended

Jun. 30, 2018

Regulatory Capital Requirements under Banking Regulations [Text Block]

Capital and Regulatory Matters

The Company and the Bank are subject to various regulatory capital requirements administered by the federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a direct material effect on the Company's consolidated financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Company and the Bank must meet specific capital guidelines that involve quantitative measures of assets, liabilities and certain off-balance sheet items as calculated under regulatory accounting practices. The Company's and the Bank's capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings and other factors.

The prompt corrective action regulations define specific capital categories based on an institution's capital ratios. The capital categories, in declining order, are "well capitalized," "adequately capitalized," "undercapitalized," "significantly undercapitalized" and "critically undercapitalized."

As of

June

30,

2018

and

2017,

the most recent notification from the Company's and the Bank's regulator categorized the Company and the Bank as "well capitalized" under the regulatory framework for prompt corrective action. To be categorized as "well capitalized," the Company and the Bank must maintain minimum Common equity tier

capital, total capital, Tier

capital and Tier

leverage ratios as set forth in the table below. There are

conditions or events since that notification that management believes have changed the institution's regulatory designation as "well-capitalized" under the regulatory framework for prompt corrective action.

Quantitative measures established by regulation to ensure capital adequacy require the Company and the Bank to maintain minimum amounts and ratios as set forth in the table below. At

June

30,

2018

and

2017,

the Company's and the Bank's ratios exceeded the regulatory requirements. Management believes that the Company and the Bank met all capital adequacy requirements to which they were subject as of

June

30,

2018

and

2017.

The Company's and the Bank's regulatory capital ratios are set forth below.

	Actual					Minimum Capital Requirements			Minimum To Be Well Capitalized Under Prompt Corrective Action Provisions				Minimum Capital Ratio with Capital Conservation Buffer
	Amount		Ratio			Amount		Ratio	Amount		Ratio		Ratio

	(Dollars in thousands)
June 30, 2018:
Common equity tier 1 capital to risk weighted assets:
Company	$	139,247		16.02	%	$	39,113	> 4.5%		N/A		N/A		7.0	%
Bank		156,856		18.04	%		39,120	> 4.5%	$	56,506	> 6.5%			7.0	%

Total capital to risk weighted assets:
Company		167,567		19.28	%		69,535	> 8.0%		N/A		N/A		10.5	%
Bank		161,714		18.60	%		69,546	> 8.0%		86,933	> 10.0%			10.5	%

Tier 1 capital to risk weighted assets:
Company		147,990		17.03	%		52,151	> 6.0%		N/A		N/A		8.5	%
Bank		156,856		18.04	%		52,160	> 6.0%		69,546	> 8.0%			8.5	%

Tier 1 capital to average assets:
Company		147,990		13.12	%		45,102	> 4.0%		N/A		N/A		4.0	%
Bank		156,856		13.92	%		45,075	> 4.0%		56,344	> 5.0%			4.0	%

June 30, 2017:
Common equity tier 1 capital to risk weighted assets:
Company	$	123,442		16.00	%	$	34,714	> 4.5%		N/A		N/A		7.0	%
Bank		138,744		17.98	%		34,727	> 4.5%	$	50,162	> 6.5%			7.0	%

Total capital to risk weighted assets:
Company		150,269		19.48	%		61,715	> 8.0%		N/A		N/A		10.5	%
Bank		142,447		18.46	%		61,737	> 8.0%		77,172	> 10.0%			10.5	%

Tier 1 capital to risk weighted assets:
Company		131,958		17.11	%		46,286	> 6.0%		N/A		N/A		8.5	%
Bank		138,744		17.98	%		46,303	> 6.0%		61,737	> 8.0%			8.5	%

Tier 1 capital to average assets:
Company		131,958		12.81	%		41,215	> 4.0%		N/A		N/A		4.0	%
Bank		138,744		13.46	%		41,238	> 4.0%		51,547	> 5.0%			4.0	%

In addition to the minimum regulatory capital required for capital adequacy purposes included in the table above, the Company is required to maintain a capital conservation buffer, in the form of common equity, in order to avoid restrictions on capital distributions and discretionary bonuses. The required amount of the capital conservation buffer was

0.625%

January 1, 2016

and will increase by

0.625%

each year until it reaches

2.5%

January 1, 2019.

The Bank

may

not

declare or pay a cash dividend on, or repurchase, any of its capital stock from the Company if the effect thereof would cause the capital of the Bank to be reduced below the capital requirements imposed by the regulatory authorities or if such amount exceeds the otherwise allowable amount under FRB rules.

In connection with the Merger, as part of the regulatory approval process, the Company and the Bank made certain commitments to the Federal Reserve, the most significant of which are (i) to maintain a Tier

leverage ratio of at least

10%,

(ii) to maintain a total capital ratio of at least

15%,

(iii) to limit purchased loans to

40%

of total loans, (iv) to fund

100%

of the Company's loans with core deposits (defined as non-maturity deposits and non-brokered insured time deposits), and (v) to hold non-owner occupied commercial real estate loans to within

300%

of total capital. The Company and the Bank are currently in compliance with all commitments to the Federal Reserve.

The entire disclosure for banks, savings institutions, and credit unions, for regulatory capital requirements imposed by the Federal Reserve System (FRB), the Federal Deposit Insurance Corporation (FDIC), the Office of Thrift Supervision (OTS) or for any state imposed capital requirements, as applicable. The disclosure may include (1) a description of regulatory capital requirements (a) for capital adequacy purposes and (b) established by the prompt corrective action provisions of Section 38 of the Federal Depository Insurance Act; (2) the actual or possible material effects of noncompliance with such requirements; (3) whether the entity is in compliance with the regulatory capital requirements including (a) required and actual ratios and amounts of Tier 1 leverage, Tier 1 risk-based, and total risk-based capital, tangible capital (for savings institutions), and Tier 3 capital for market risk (for certain banks and bank holding companies), (b) factors that may significantly affect capital adequacy; (4) the prompt corrective action category in which the entity was classified as of its most recent notification; (5) whether management believes any conditions or events since notification have changed the entity's category. Also may include additional information that might be disclosed in situations where substantial doubt about the entity's ability to continue as a going concern for a reasonable period of time.

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Note 11 - Earnings Per Common Share (EPS)

12 Months Ended

Jun. 30, 2018

Earnings Per Share [Text Block]

rnings Per Common Share (“EPS”)

EPS is computed by dividing net income allocated to common shareholders by the weighted-average common shares outstanding. The following table shows the weighted-average number of common 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:

	Years ended June 30,
	2018		2017		2016
	(Dollars in thousands, except share and per share data)
Net income	$	16,166	$	12,339	$	7,619

Weighted average shares used in calculation of basic earnings per share		8,906,710		8,898,448		9,474,999
Incremental shares from assumed exercise of dilutive securities		222,442		54,166		9,636
Weighted average shares used in calculation of diluted earnings per share		9,129,152		8,952,614		9,484,635


Earnings per common share:	$	1.81	$	1.39	$	0.80
Diluted earnings per common share:	$	1.77	$	1.38	$	0.80

For the years ended

June

30,

2018,

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.

	Years ended June 30,
	2018		2017		2016
Stock options		-		642,641		714,545

Note 12 - Income Taxes

12 Months Ended

Jun. 30, 2018

Income Tax Disclosure [Text Block]

Income Taxes

The current and deferred components of income tax expense follows:

	Years Ended June 30,
	2018		2017			2016
	(Dollars in thousands)
Current provision
Federal	$	4,133	$	7,071		$	1,544
State		1,606		1,753			438
Total current provision		5,739		8,824			1,982
Deferred expense (benefit)
Federal		1,189		(792	)		1,761
State		103		(233	)		361
Total deferred expense (benefit)		1,292		(1,025	)		2,122
Total tax provision	$	7,031	$	7,799		$	4,104

The reconciliation between the statutory federal income tax rate of

28%

for fiscal

2018

and

35%

for fiscal

2017

and

2016,

and the effective tax rate on income follows:

	Years Ended June 30,
	2018			2017			2016
	(Dollars in thousands)
Expected income tax expense at federal tax rate	$	6,509		$	7,048		$	3,986
State tax, net of federal tax benefit		1,231			988			527
Non-taxable BOLI income		(124	)		(159	)		(153	)
Low-income housing tax credit, net of adoption of ASU 2014-01		(37	)		(40	)		(42	)
Tax exempt interest income		(5	)		(76	)		(76	)
Stock compensation excess tax benefits (ASU 2016-09)		(1,266	)		-			-
Statutory rate change		497			-			-
Other		226			38			(138	)
Total tax provision	$	7,031		$	7,799		$	4,104

The tax effect of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities at

June 30

follows:

	June 30,
	2018 (1)		2017 (2)
	(Dollars in thousands)
Deferred tax assets
Allowance for loan losses	$	1,315	$	1,462
Loan basis differential		931		1,242
Capital lease		166		348
Compensation and benefits		252		1,425
Stock-based compensation		863		1,651
Unrealized loss on derivatives		224		640
Unrealized loss on available for sale securities		428		360
Interest on nonperforming loans		349		418
Derivative basis differential		41		-
Other		406		585
Gross deferred tax asset		4,975		8,131
Less: valuation allowance		-		-
Total deferred tax assets		4,975		8,131
Deferred tax liabilities
Intangible assets		237		519
Prepaid expenses		433		385
Premises and equipment		707		926
Borrowings basis differential		1,939		2,943
Other		812		1,135
Total deferred tax liability		4,128		5,908
Net deferred tax asset	$	847	$	2,223

	( 1 )	2018 balances reflect a statutory rate of 21%
	( 2 )	2017 balances reflect a statutory rate of 35%

The net deferred tax asset was included in other assets in the accompanying consolidated balance sheets as of

June

30,

2018

and

June

30,

2017.

December

22,

2017,

the Act became law. The Act amends the Internal Revenue Code to reduce tax rates and modify policies, credits, and deductions for individuals and businesses. For businesses, the Act reduced the corporate tax rate from a maximum of

35%

21%.

However, as the Company is a fiscal year

June 30

year end, the blended corporate tax rate for the year ended

June 30, 2018

was

28%.

The corporate tax rate reduction to

21%

is effective

July

2018.

In accordance with ASC

740,

Income Taxes

, deferred tax assets are to be reduced by a valuation allowance if, based on the weight of available evidence, it is more likely than

not

that some portion or all of the deferred tax assets will

not

be realized. The realization of the tax benefit depends upon the existence of sufficient taxable income within the carry-back and future periods. The Company believes that it is more likely than

not

that the net deferred tax asset as of

June 30, 2018

will be realized, based upon the ability to generate future taxable income as well as the availability of current and historical taxable income.

For federal tax purposes, the Company has a

$2.0

million reserve for loan losses which remains subject to recapture. If any portion of the reserve is used for purposes other than to absorb the losses for which it was established, approximately

130%

of the amount actually used (limited to the amount of the reserve) would be subject to taxation in the year in which used. As the Company intends to use the reserve only to absorb loan losses,

provision has been made for potential liability that would result if

100%

of the reserve were recaptured.

The Company made adjustments amounting to

$97

thousand to deferred tax assets representing future deductions for accrued compensation that are subject to new limitations under Internal Revenue Code Section

162

(m) which, generally, limits the annual deduction for certain compensation paid to certain employees to

million.

From time to time, the Internal Revenue Service (the "IRS") and state tax authorities

may

review or challenge specific tax positions taken by the Company in its ordinary course of business. The Company accounts for uncertainties in income taxes by reserving for tax positions that

may

not

be upheld under examination. Increases to the Company's unrealized tax positions occur as a result of accruing for the unrecognized tax benefit as well the accrual of interest and penalties related to prior year positions. Decreases in the Company's unrealized tax positions occur as a result of the statute of limitation lapsing on prior year positions or settlements relating to outstanding positions. The Company reserves for uncertain tax positions, as well as related interest and penalties, as a component of income tax expense therefore affecting the effective tax rate. The following is a reconciliation of the beginning and ending amounts of the Company's uncertain tax positions:

	Tax Position			Interest and Penalties			Total
	(Dollars in thousands)
Balance at June 30, 2015	$	109		$	18		$	127
Reduction of tax positions for prior years		(42	)		(4	)		(46	)
Increase for prior year tax position		-			-			-
Increase for current year tax position		-			-			-
Balance at June 30, 2016	$	67		$	14		$	81
Reduction of tax positions for prior years		(67	)		(14	)		(81	)
Increase for prior year tax position		-			-			-
Increase for current year tax position		-			-			-
Balance at June 30, 2017	$	-		$	-		$	-
Reduction of tax positions for prior years		-			-			-
Increase for prior year tax position		-			-			-
Increase for current year tax position		-			-			-
Balance at June 30, 2018	$	-		$	-		$	-

The Company is currently open to audit under the statute of limitations by the IRS and state taxing authorities for the fiscal

2015

tax return and forward.

Note 13 - Employee Benefit Plans	12 Months Ended
Note 13 - Employee Benefit Plans	Jun. 30, 2018
Notes to Financial Statements
Pension and Other Postretirement Benefits Disclosure [Text Block]	1 3 . Employee Benefit Plans 401 (k) Plan The Company offers a contributory 401 (k) plan that is available to all full-time salaried and hourly-paid employees who have attained age 18, and completed 90 days of employment. Employees may contribute up to 100% of their base compensation, subject to IRS limitations. The Company will match 50% of each employee's contribution up to the first 6% contributed. For the years ended June 30, 2018, 2017, and 2016, the Company contributed $340 thousand, $355 thousand and $331 thousand, respectively. Deferred Compensation The Company has individual deferred compensation agreements with five former senior officers. The Company recognized deferred compensation expense of $31 thousand for each of the years ended June 30, 2018, 2017, and 2016, respectively. At June 30, 2018, 2017 and 2016, the Company's deferred compensation liability was $526 thousand, $540 thousand and $541 thousand, respectively.

Note 14 - Stock-based Compensation

12 Months Ended

Jun. 30, 2018

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

14 .	Stock-Based Compensation

At the

2017

annual meeting of shareholders, the Company's shareholders ratified the Northeast Bancorp Amended and Restated

2010

Stock Option and Incentive Plan (the "Restated Plan"). The Restated Plan amends and restates the Northeast Bancorp

2010

Option and Incentive Plan (the

"2010

Plan"). The key material differences between the

2010

Plan and the Restated Plan are:

●

The maximum number of shares of common stock to be issued under the Restated Plan is increased by

600,000

shares, from

810,054

shares to

1,410,054

shares;

●

The method by which shares subject to previously granted awards are added back to the Restated Plan has been revised so that the only shares added back to the Restated Plan are those subject to awards that are forfeited, canceled or otherwise terminated. The following shares shall

not

be added back to the Restated Plan: (i) shares tendered or held back upon exercise of an option or settlement of an award to cover the exercise price or tax withholding, and (ii) shares subject to a stock appreciation right that are

not

issued in connection with the stock settlement of the stock appreciation right upon exercise thereof.

●

Minimum vesting periods are required for grants of restricted stock, restricted stock units and performance share awards; and

●

The term of the Restated Plan will now expire on

November

28,

2022,

while grants of incentive options under the Restated Plan

may

be made until

September

21,

2022.

A summary of stock option activity for the year ended

June

30,

2018

follows:

				Weighted Average
	Shares			Exercise Price
Outstanding at beginning of year		890,866		$	12.43
Granted		-			-
Exercised		(373,634	)		12.86
Forfeited		(81,006	)		14.52
Outstanding at end of year		436,226			12.46
Exercisable		436,226			12.46

				Weighted Average
	Shares			Grant Date Fair Value
Exercisable, beginning of year		506,911		$	3.18
Vested		302,949			2.33
Exercised		(373,634	)		2.89
Forfeited or expired		-			-
Exercisable, end of year		436,226			2.89

There were

options granted in the year ended

June 30, 2018

2017.

The expected volatility is based on historical volatility. The risk-free interest rate is for periods within the expected life of the awards, and is based on the U.S. Treasury yield curve in effect at the time of the grant. The expected life is based on expected exercise experience.

The following table summarizes information about stock options outstanding at

June 30, 2018:

Options Outstanding								Options Exercisable
(Dollars in thousands, except per share data)
Weighted Average				Weighted Average Remaining Life		Aggregate Intrinsic		Weighted Average				Weighted Average Remaining Life		Aggregate Intrinsic
Exercise Price		Number		(in years)		Value		Exercise Price		Number		(in years)		Value
$	9.38		139,607	4.59		$	1,734	$	9.38		139,607	4.59		$	1,734
	12.63		5,000		3.58		45		12.63		5,000		3.58		45
	13.93		291,619		2.50		2,295		13.93		291,619		2.50		2,295
	12.46		436,226		3.18	$	4,074		12.46		436,226		3.18	$	4,074

A summary of restricted stock activity for the year ended

June 30, 2018

follows:

	Shares			Weighted Average Grant Date Fair Value
Unvested at beginning of period		395,430		$	10.69
Granted		22,000			22.41
Vested		(59,093	)		9.65
Forfeited		(40,003	)		10.54
Unvested at end of period		318,334			11.71

A summary of the vesting schedule for the shares granted in the year ended

June 30, 2018

follows:

•

10,000

restricted shares vest in

three

equal annual installments, commencing on

August 31, 2020;

•

2,000

restricted shares vest in

three

equal annual installments, commencing on

November 10, 2020;

and,

•

10,000

restricted shares vest in

three

equal annual installments, commencing on

January 5, 2021.

Stock-based compensation totaled

$870

thousand for the year ended

June 30, 2018,

$945

thousand for the year ended

June 30, 2017,

and

$613

thousand for the year ended

June 30, 2016.

The tax benefit related to stock-based compensation expensed totaled

$264

thousand for the year ended

June 30, 2018,

$366

thousand for the year ended

June 30, 2017

and

$215

thousand for the year ended

June 30, 2016.

The estimated amount and timing of future pre-tax stock-based compensation expense to be recognized are as follows.

	Years Ended June 30,
	2019		2020		2021		2022		2023		Total
	(Dollars in thousands)
Stock options	$	-	$	-	$	-	$	-	$	-	$	-
Restricted stock		939		575		355		165		37		2,071
	$	939	$	575	$	355	$	165	$	37	$	2,071

Note 15 - Commitments, Contingent Liabilities and Other Off-balance Sheet Risks

12 Months Ended

Jun. 30, 2018

Commitments and Contingencies Disclosure [Text Block]

Commitments, Contingent Liabilities and Other Off-Balance Sheet Risks

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 and standby letters of credit. Those instruments involve, to varying degrees, elements of credit and interest rate risk in excess of the amount recognized in 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:

	June 30,
	2018		2017
	(Dollars in thousands)
Commitments to originate loans	$	20,431	$	15,244
Unused lines of credit		29,478		31,858
Standby letters of credit		3,183		3,400
Commitment to fund investment		1,000		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 counterparty. 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

$52

thousand and

$39

thousand recorded in other liabilities at

June

30,

2018

and

2017,

respectively.

Standby letters of credit are conditional commitments issued by the Company to guarantee the performance of a customer to a

third

party. Those guarantees are issued to support private borrowing

arrangements. The credit risk involved in issuing letters of credit is essentially the same as that involved in extending loan facilities to customers. As of

June

30,

2018

and

2017,

the maximum potential amount of the Company's obligation was

$3.2

million and

$3.4

million, respectively, for financial and standby letters of credit. The Company's outstanding letters of credit generally have a term of less than

one

year. If a letter of credit is drawn upon, the Company

may

seek recourse through the customer's underlying line of credit. If the customer's line of credit is also in default, the Company

may

take possession of the collateral, if any, securing the line of credit.

In the year ended

June 30, 2016,

the Company committed

$2.5

million to a fund that acquires CRA qualified investments in loans for the Company’s portfolio. The fund manager calls the funds from the Company when an investment is successfully acquired. During the year ended

June 30, 2017,

the fund called

$1.5

million from the Company. The Company has a remaining commitment of

$1.0

million as of

June 30, 2018

to a fund that invests in the federally guaranteed portion of SBA

(a) loans.

Lease Obligations

The Company leases certain properties used in operations under terms of various non-cancelable operating leases, most of which include renewal options. The leases contain renewal options and escalation clauses which provide for increased rental expense as these leases expire. Rental expense under leases totaled

$1.2

million for each of the years ended

June 30, 2018,

2017,

and

2016.

Approximate future minimum lease payments over the remaining terms of the Company's leases at

June

30,

2018

are as follows:

	Minimum lease payments
	(Dollars in thousands)
2019	$	1,257
2020		1,256
2021		1,236
2022		1,255
2023		689
Thereafter		1,361
Total	$	7,054

Legal Proceedings

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 16 - Other Comprehensive Income (Loss)

12 Months Ended

Jun. 30, 2018

Comprehensive Income (Loss) Note [Text Block]

Other Comprehensive

Income (Loss)

The components of other comprehensive income (loss) follows:

	Years Ended June 30,
	2018									2017
	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	$	(636	)	$	(171	)	$	(465	)	$	(1,145	)	$	(434	)	$	(711	)
Change in accumulated gain on effective cash flow hedges		750			203			547			1,550			592			958
Reclassification adjustment included in net income		106			34			72			43			16			27
Total derivatives and hedging activities		856			237			619			1,593			608			985
Adoption of ASU 2018-02		-			283			(283	)		-			-			-
Total other comprehensive (loss) income	$	220		$	349		$	(129	)	$	448		$	174		$	274

	Year Ended June 30,
	2016
	Pre-tax			Tax Expense			After-tax
	Amount			(Benefit)			Amount
	(Dollars in thousands)
Change in net unrealized gain on available-for-sale securities	$	1,033		$	393		$	640
Change in accumulated loss on effective cash flow hedges		(2,032	)		(776	)		(1,256	)
Reclassification adjustment included in net income		(3	)		(1	)		(2	)
Total derivatives and hedging activities		(2,035	)		(777	)		(1,258	)
Total other comprehensive loss	$	(1,002	)	$	(384	)	$	(618	)

Accumulated other comprehensive loss is comprised of the following components:

	June 30, 2018			June 30, 2017			June 30, 2016
	(Dollars in thousands)
Unrealized (loss) gain on available-for-sale securities	$	(1,584	)	$	(948	)	$	197
Tax effect		428			360			(75	)
Net-of-tax amount		(1,156	)		(588	)		122
Unrealized loss on cash flow hedges		(827	)		(1,683	)		(3,276	)
Tax effect		222			639			1,248
Net-of-tax amount		(605	)		(1,044	)		(2,028	)
Accumulated other comprehensive loss	$	(1,761	)	$	(1,632	)	$	(1,906	)

Note 17 - Derivatives

12 Months Ended

Jun. 30, 2018

Derivative Instruments and Hedging Activities Disclosure [Text Block]

Derivatives

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 derivative 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

June

30,

2018

and

2017,

the Company had posted cash collateral totaling

$800

thousand and

$1.7

million, respectively, 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 junior subordinated debt and FHLBB advances is as follows:

June 30, 2018
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 on FHLB advances :
$	5,000	July 2013	July 2033	3 Mo. LIBOR		2.05	%		3.38	%		n/a		$	(293	)	$	(293	)	Other Liabilities
	5,000	July 2013	July 2028	3 Mo. LIBOR		2.05	%		3.23	%		n/a			(154	)		(154	)	Other Liabilities
	5,000	July 2013	July 2023	3 Mo. LIBOR		2.05	%		2.77	%		n/a			15			15		Other Assets
Forward-starting interest rate swaps on Trust Preferred Securities:
	6,000	February 2018	September 2029	3 Mo. LIBOR		5.14	%		5.88	%		n/a			(81	)		(81	)	Other Liabilities
	10,000	February 2018	February 2030	3 Mo. LIBOR		4.23	%		4.98	%		n/a			(140	)		(140	)	Other Liabilities
Interest rate caps:
	6,000	October 2014	September 2019	3 Mo. LIBOR		n/a			n/a			2.50	%		(91	)		15		Other Assets
	10,000	March 2015	February 2020	3 Mo. LIBOR		n/a			n/a			2.50	%		(83	)		49		Other Assets
$	47,000													$	(827	)	$	(589	)

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 on FHLB advances :
$	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 years ended

June

30,

2018,

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 years ended

June

30,

2018,

2017

and

2016

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

Amounts recognized in income related to amounts excluded from effectiveness testing resulted from amortization of the acquisition price of interest rate caps. For the years ended

June 30, 2018

and

2017,

amounts recognized in income related to the amortization of the interest rate caps. The table below presents amounts recognized in income related to interest rate cap amortization, hedge ineffectiveness and amounts excluded from effectiveness testing.

	Years Ended June 30,
	2018			2017			2016
	(Dollars in thousands)
Interest income (expense):
Interest rate caps	$	(106	)	$	(43	)	$	3
Interest rate swap		-			-			-
Total	$	(106	)	$	(43	)	$	3

The Company does

not

expect to record interest income or interest expense related to interest rate swap or interest rate cap ineffectiveness in the next

twelve

months.

Note 18 - Fair Value Measurements

12 Months Ended

Jun. 30, 2018

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 loans

- 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 owned and other repossessed 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 SBA and mortgage 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 overnight deposits approximates their relative book values, as these financial instruments have short maturities.

FHLBB 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 value 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.

	June 30, 2018
	Total		Level 1		Level 2		Level 3
	(Dollars in thousands)
Assets
Securities available-for-sale:
U.S. Government agency securities	$	56,887	$	-	$	56,887	$	-
Agency mortgage-backed securities		24,181		-		24,181		-
Other investments measured at net asset value (1)		6,619		-		-		-
Other assets – interest rate caps		64		-		64		-
Other assets – interest rate swaps		15		-		15		-
Liabilities
Other liabilities – interest rate swaps	$	668	$	-	$	668	$	-

	June 30, 2017
	Total		Level 1		Level 2		Level 3
	(Dollars in thousands)
Assets
Securities available-for-sale:
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	$	-

(

)

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 is intended to permit reconciliation of the fair value amount to the consolidated financial statements.

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

	June 30, 2018
	Total		Level 1		Level 2		Level 3
	(Dollars in thousands)
Collateral dependent impaired loans	$	1,917	$	-	$	-	$	1,917
Real estate owned and other repossessed collateral		2,233		-		-		2,233
Loan servicing rights		2,970		-		-		2,970

	June 30, 2017
	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
	June 30, 2018		June 30, 2017		Valuation Technique
	(Dollars in thousands)
Collateral dependent impaired loans	$	1,917	$	1,011	Appraisal of collateral (1)
Real estate owned and other repossessed collateral		2,233		826	Appraisal of collateral (1)
Loan servicing rights		2,970		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

20%

100%.

(

) 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

7.9%

14.5%.

For discount rates, the range was

7.3%

16.0%.

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

June 30, 2018

and

2017

and

2016.

	Years Ended June 30,
	2018			2017			2016
	(Dollars in thousands)
Collateral dependent impaired loans	$	(519	)	$	(294	)	$	(129	)
Real estate owned and other repossessed collateral		(96	)		87			(243	)
Loan servicing rights		(31	)		(220	)		(463	)
Total	$	(646	)	$	(427	)	$	(835	)

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

	Carrying		Fair Value Measurements at June 30, 2018
	Amount		Total		Level 1		Level 2		Level 3
	(Dollars in thousands)
Financial assets:
Cash and cash equivalents	$	157,402	$	157,402	$	157,402	$	-	$	-
Available-for-sale securities		81,068		81,068		-		81,068		-
Other investments measured at net asset value (1)		6,619		6,619		-		-		-
Federal Home Loan Bank stock		1,652		1,652		-		1,652		-
Loans held for sale		7,155		7,155		-		7,155		-
Loans, net		866,995		868,730		-		-		868,730
Accrued interest receivable		2,528		2,528		-		2,528		-
Interest rate caps		64		64		-		64		-
Interest rate swaps		15		15		-		15		-

Financial liabilities:
Deposits		954,940		953,216		-		953,216		-
Federal Home Loan Bank advances		15,000		15,000		-		15,000		-
Capital lease obligation		605		619		-		619		-
Subordinated debt		23,958		25,961		-		-		25,961
Interest rate swaps		668		668		-		668		-

	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 debt		23,620		25,677		-		-		25,677
Interest rate swaps		1,355		1,355		-		1,355		-

(

)

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 is intended to permit reconciliation of the fair value amount to the consolidated financial statements.

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 19 - Condensed Parent Information

12 Months Ended

Jun. 30, 2018

Condensed Financial Information of Parent Company Only Disclosure [Text Block]

Condensed Parent Information

Condensed financial information for Northeast Bancorp follows:

	June 30, 2018		June 30, 2017
	(Dollars in thousands)
Balance Sheets
Assets:
Cash	$	6,658	$	8,165
Investment in subsidiary		156,764		138,920
Investment in common securities of affiliated trusts		496		496
Other assets		618		193
Total assets	$	164,536	$	147,774

Liabilities and Shareholders’ Equity:
Subordinated debt	$	23,958	$	23,620
Other liabilities		2,148		1,357
Total liabilities		26,106		24,977
Shareholders’ equity		138,430		122,797
Total liabilities and shareholders’ equity	$	164,536	$	147,774

	Years Ended June 30,
	2018			2017			2016
	(Dollars in thousands)
Statements of Income
Income:
Other income	$	446		$	563		$	62
Expenses:
Interest expense		2,102			1,888			651
Noninterest expense		1,221			1,324			954
Total expense		3,323			3,212			1,605
Loss before income tax benefit and equity in undistributed net income of subsidiary		(2,877	)		(2,649	)		(1,543	)
Income tax benefit		(1,408	)		(1,548	)		(579	)
Loss before equity in undistributed net income of subsidiary		(1,469	)		(1,101	)		(964	)
Equity in undistributed net income of subsidiary		17,635			13,440			8,583
Net income	$	16,166		$	12,339		$	7,619

	Years Ended June 30,
	2018			2017			2016
	(Dollars in thousands)
Statements of Cash Flows
Operating activities:
Net income	$	16,166		$	12,339		$	7,619
Adjustments to reconcile net income to net cash (used in) provided by operating activities:
Amortization of fair value adjustment for borrowings		338			289			193
Stock-based compensation		870			945			613
Undistributed earnings of subsidiary		(17,635	)		(13,440	)		(8,583	)
(Decrease) increase in other assets and liabilities		311			(1,144	)		673
Net cash (used in) provided by operating activities		50			(1,011	)		515

Investing activities:
Increase in investment of bank subsidiary		-			-			-
Net cash used in investing activities		-			-			-

Financing activities:
Capital contribution		-			(8,000	)		-
Issuance of subordinated debt, net of debt issuance costs		-			-			14,512
Repurchases for tax withholdings on restricted common stock		(109	)		8			(11	)
Stock options exercised, net		(1,093	)		(60	)		-
Repurchase of common stock		-			(6,943	)		(3,359	)
Dividends paid to shareholders		(355	)		(357	)		(380	)
Net cash (used in) provided by financing activities		(1,557	)		(15,352	)		10,762

Net (decrease) increase in cash		(1,507	)		(16,363	)		11,277
Cash, beginning of year		8,165			24,528			13,251
Cash, end of year	$	6,658		$	8,165		$	24,528

Note 20 - Quarterly Results of Operations (Unaudited)

12 Months Ended

Jun. 30, 2018

Quarterly Financial Information [Text Block]

20.

Quarterly Results of Operations

(Unaudited)

	201 8
(Dollars in thousands, except share data)	First Quarter		Second Quarter		Third Quarter		Fourth Quarter
Interest and dividend income	$	16,178	$	15,260	$	16,483	$	17,972
Interest expense		2,867		2,803		3,349		3,564
Net interest income		13,311		12,457		13,134		14,408
Provision for loan losses		354		437		364		254
Net interest income after provision for loan losses		12,957		12,020		12,770		14,154

Non-interest income		1,958		1,228		1,882		1,959
Non-interest expense		8,714		8,563		8,975		9,478
Income before income tax expense		6,201		4,685		5,677		6,635
Income tax expense		1,615		1,381		1,745		2,291
Net income	$	4,586	$	3,304	$	3,932	$	4,344

Basic earnings per share	$	0.52	$	0.37	$	0.44	$	0.49
Diluted earnings per share	$	0.50	$	0.36	$	0.43	$	0.48

	201 7
(Dollars in thousands, except share data)	First Quarter		Second Quarter		Third Quarter		Fourth Quarter
Interest and dividend income	$	12,257	$	14,332	$	14,960	$	16,371
Interest expense		2,482		2,499		2,501		2,614
Net interest income		9,775		11,833		12,459		13,757
Provision for loan losses		193		628		384		389
Net interest income after provision for loan losses		9,582		11,205		12,075		13,368

Non-interest income		1,808		2,690		2,308		2,890
Non-interest expense		8,626		8,956		8,842		9,364
Income before income tax expense		2,764		4,939		5,541		6,894
Income tax expense		1,013		1,839		2,080		2,867
Net income	$	1,751	$	3,100	$	3,461	$	4,027

Basic earnings per share	$	0.19	$	0.35	$	0.39	$	0.46
Diluted earnings per share	$	0.19	$	0.35	$	0.39	$	0.45

	201 6
(Dollars in thousands, except share data)	First Quarter		Second Quarter		Third Quarter		Fourth Quarter
Interest and dividend income	$	11,113	$	12,035	$	11,259	$	12,828
Interest expense		1,872		1,863		2,005		2,115
Net interest income		9,241		10,172		9,254		10,713
Provision for loan losses		169		896		236		317
Net interest income after provision for loan losses		9,072		9,276		9,018		10,396

Non-interest income		1,705		1,624		2,035		2,411
Non-interest expense		7,810		8,196		8,412		9,396
Income before income tax expense		2,967		2,704		2,641		3,411
Income tax expense		1,100		960		832		1,212
Net income	$	1,867	$	1,744	$	1,809	$	2,199

Basic earnings per share	$	0.20	$	0.18	$	0.19	$	0.24
Diluted earnings per share	$	0.20	$	0.18	$	0.19	$	0.24

Significant Accounting Policies (Policies)

12 Months Ended

Jun. 30, 2018

Accounting Policies [Abstract]

Transfers and Servicing of Financial Assets, Policy [Policy Text Block]

Transfer of Financial Assets

Transfers of financial assets are accounted for as sales when control over the assets has been surrendered. Control over transferred assets is deemed to be surrendered when (

) the assets have been isolated from the Company, (

) the transferee obtains the right (free of conditions that constrain it from taking advantage of that right) to pledge or exchange the transferred assets, and (

) the Company does

not

maintain effective control over the transferred assets. There are

agreements to repurchase before their maturity.

Transfers of a portion of a loan must meet the criteria of a participating interest. If it does

not

recourse to the transferor other than standard representations and warranties and

loan holder has the right to pledge or exchange the entire loan.

When the Company sells financial assets, it

may

Business Combinations Policy [Policy Text Block]

Business Combination Accounting

December

29,

2010,

Consolidation, Policy [Policy Text Block]

Principles of Consolidation

810,

Consolidation

("ASC

810"

). The investments in these affiliates were

$496

thousand in aggregate and are included in other assets.

Reclassification, Policy [Policy Text Block]

Reclassifications

Certain previously reported amounts have been reclassified to conform to the current year's presentation.

Use of Estimates, Policy [Policy Text Block]

Use of Estimates

Concentration Risk, Credit Risk, Policy [Policy Text Block]

Concentrations of Credit Risk

not

have any significant concentrations to any

one

industry or customer.

Cash and Cash Equivalents, Policy [Policy Text Block]

Cash and Cash Equivalents

June

30,

2018

and

2017,

such reserve balances totaled

$1.5

million and

$2.7

million, respectively.

Marketable Securities, Policy [Policy Text Block]

Available-for-Sale

Securities

not

may

Security transactions are recorded on the trade date. Realized gains and losses are determined using the specific identification method and are recorded in noninterest income.

Management evaluates securities for other-than-temporary impairment on a periodic basis. Factors considered in determining whether an impairment is other than temporary include: (

) the length of time and the extent to which the fair value has been less than cost, (

) the financial condition and near-term prospects of the issuer and (

not

intend to sell the security, only the credit portion of the estimated loss is recognized in earnings, with the other portion of the loss recognized in other comprehensive income.

Federal Home Loan Bank Stock [Policy Text Block]

Federal Home Loan Bank Stock

During the periods presented, the Company has owned investments in the stock of the Federal Home Loan Bank of Boston ("FHLBB").

readily-available market exists for these stocks, and they have

June 30, 2018,

impairment has been recognized.

Loans Held for Sale and Loan Servicing [Policy Text Block]

Loans Held for Sale and Loan Servicing

third

longer exists, a reduction of the allowance

may

be recorded as an increase to income.

Finance, Loan and Lease Receivables, Held-for-investment, Policy [Policy Text Block]

Loans

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"

not

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

310

limits the yield that

may

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

may

310

30,

310

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

not

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

six

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.

Loans and Leases Receivable, Allowance for Loan Losses Policy [Policy Text Block]

Allowance for Loan Losses

later than the point at which a loan is

180

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 impacted by regional labor market conditions.

may

310

30.

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 and non-performing loans;

•

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.

There were

significant changes in the Company's policies or methodology pertaining to the general component of the allowance for loan losses during the years ended

June

30,

2018

2017.

For all portfolio segments, except loans accounted for under ASC

310

30,

not

310

Property, Plant and Equipment, Policy [Policy Text Block]

Premises and Equipment

Intangible Assets, Finite-Lived, Policy [Policy Text Block]

Intangible Assets

may

not

be recoverable.

Loans and Leases Receivable, Real Estate Acquired Through Foreclosure, Policy [Policy Text Block]

Real Estate Owned and Other Repossessed Collateral

may

Impairment or Disposal of Long-Lived Assets, Policy [Policy Text Block]

Impairment of Long-Lived Assets

The Company reviews long-lived assets, including premises and equipment, for impairment whenever events or changes in business circumstances indicate that the remaining useful life

may

warrant revision or that the carrying amount of the long-lived asset

may

not

Bank Owned Life Insurance [Policy Text Block]

Bank-

Owned Life Insurance

Increases in the cash surrender value of bank-owned life insurance policies, as well as death benefits received net of any cash surrender value, are recorded in noninterest income, and are

not

subject to income taxes. The cash surrender value of the policies

not

less than annually thereafter.

Income Tax, Policy [Policy Text Block]

Income Taxes

December 22, 2017

have been recognized in the consolidated financial statements as of and for the year ended

June 30, 2018.

The Company's policy is to recognize interest and penalties assessed on uncertain tax positions in income tax expense. See Note

to the consolidated financial statements. The Company exercises significant judgment in evaluating the amount and timing of recognition of the resulting tax assets and liabilities.

There was

reserve for uncertain tax positions as of

June 30, 2018

2017.

Effective

July 1, 2017,

with the application of ASU

2016

09,

Compensation-Stock Compensation (Topic

718

): Improvements to Employee Share-Based Payment Accounting, the Company

June 30, 2018

was

$1.3

million.

Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block]

Stock-Based Compensation

Comprehensive Income, Policy [Policy Text Block]

Comprehensive Income

Earnings Per Share, Policy [Policy Text Block]

Earnings Per Share

Basic earnings per share is calculated using the

two

-class method. The

two

not

Derivatives, Policy [Policy Text Block]

Derivatives

not

Hedge accounting is discontinued prospectively when (

) a derivative is

longer highly effective in offsetting changes in the fair value or cash flow of a hedged item, (

) a derivative expires or is sold, (

) a derivative is de-designated as a hedge, because it is unlikely that a forecasted transaction will occur, or (

) it is determined that designation of a derivative as a hedge is

longer appropriate. For derivative instruments

not

designated as hedging instruments, the gain or loss on the derivative is recognized in current earnings during the period of change.

Advertising Costs, Policy [Policy Text Block]

Advertising Costs

Advertising costs are expensed as incurred.

Segment Reporting, Policy [Policy Text Block]

Segment Reporting

All of the Company's operations are considered by management to be

one

operating segment.

New Accounting Pronouncements, Policy [Policy Text Block]

Recent Accounting Pronouncements

May 2014,

the Financial Accounting Standards Board (“FASB”) issued ASU

2014

09,

Revenue from Contracts with Customers (Topic

606

)

(“ASU

2014

09”

). ASU

2014

implements a common revenue standard that clarifies the principles for recognizing revenue. The core principle of ASU

2014

2015

14,

Revenue from Contracts with Customers

(Topic

606

)

(“ASU

2015

14”

) was issued in

August 2015

which defers adoption to annual reporting periods beginning after

December 15, 2017.

The timing of the Company’s revenue recognition is

not

January 2016,

the FASB issued ASU

2016

01,

Financial Instruments—Overall (Subtopic

825

): Recognition and Measurement of Financial Assets and Financial Liabilities

(“ASU

2016

01”

). This guidance changes how entities account for equity investments that do

not

result in consolidation and are

not

December 15, 2017,

including interim periods within the fiscal year. Early adoption is permitted for only

one

of the

six

amendments. The impact of the change in equity investments will depend on market conditions, but if applied in fiscal

2018,

would have resulted in a loss related to changes in fair value of equity investments of

$152

thousand (pre-tax) being recognized in net income versus other comprehensive income. The disclosure of the fair value of “Loans, net” in “Note

18:

not

impact the operations of the Company.

February 2016,

the FASB issued ASU

2016

02,

Leases (Topic

842

)

(“ASU

2016

02”

December 15, 2018,

including interim periods within the fiscal year. The Company is currently evaluating the impact of the adoption of ASU

2016

not

expected to be material to the Company’s consolidated financial statements.

March 2016,

the FASB issued ASU

2016

09,

Compensation

—

Stock Compensation (Topic

718

): Improvements to Employee Share-Based Payment Accounting

(“ASU

2016

09”

July 1, 2017.

June 30, 2018,

this item reduced income tax expense and increased net income by approximately

$1.3

million, representing an income tax benefit arising from individuals who exercised non-qualified stock options and restricted stock awards that vested during the period. For the year ended

June 30, 2017,

the Company recognized

$27

40,966

shares to

9,089,936.

This amendment is applied on a prospective basis, and

prior periods were adjusted. Additionally upon 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.

June 2016,

the FASB issued ASU

2016

13,

Financial Instruments

—

Credit Losses (Topic

326

)

(“ASU

2016

13”

December 15, 2019.

Early adoption is available as of the fiscal year beginning after

December 15, 2018.

third

party service provider to assist in implementation.

May 2017,

the FASB issued ASU

2017

09,

Compensation – Stock Compensation (Topic

718

): Scope of Modification Accounting

(“ASU

2017

09”

not

December 15, 2017,

not

expected to have an impact on the Company’s consolidated financial statements.

August 2017,

the FASB issued ASU

2017

12,

Derivatives and Hedging (Topic

815

)

(“ASU

2017

12”

December 15, 2018,

and interim periods within those fiscal years. Early adoption is permitted, including adoption in an interim period. The adoption of this guidance is

not

expected to have a significant impact on the Company’s consolidated financial statements.

February 2018,

the FASB issued ASU

2018

02,

Income Statement- Reporting Comprehensive Income (Topic

220

)

(“ASU

2018

02”

December 2017.

The amendments in this guidance are effective for all entities for fiscal years beginning after

December 15, 2018,

and interim periods within those fiscal years. Early adoption is permitted, including adoption in an interim period. The Company adopted this guidance during the

three

months ended

March 31, 2018.

This adoption resulted in a reclassification of

$283

thousand to accumulated other comprehensive income from retained earnings in the consolidated financial statements, with

net effect on shareholders' equity.

July 2018,

the FASB issued ASU

2018

10,

Codification Improvements to Topic

842,

Leases

(“ASU

2018

10”

) and ASU

2018

11,

Leases (Topic

842

)

(“ASU

2018

11”

). The guidance provides clarification on the application of ASU

2016

02,

specifically on certain narrow aspects of the guidance issued under ASU

2016

02,

not

adopted ASU

2016

before the issuance of these updates, the amendments in this guidance are the same as the effective date and transition requirements in ASU

2016

02.

The adoption of this guidance is

not

expected to have an impact on the Company’s consolidated financial statements.

Note 2 - Securities Available for Sale (Tables)

12 Months Ended

Jun. 30, 2018

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

	June 30, 2018
	Amortized		Gross Unrealized		Gross Unrealized			Fair
	Cost		Gains		Losses			Value
	(Dollars in thousands)
U.S. Government agency securities	$	57,129	$	-	$	(242	)	$	56,887
Agency mortgage-backed securities		25,276		-		(1,095	)		24,181
Other investments measured at net asset value		6,866		-		(247	)		6,619
Total	$	89,271	$	-	$	(1,584	)	$	87,687

	June 30, 2017
	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
Other investments measured at net asset value		6,717		-		(95	)		6,622
Total	$	97,641	$	-	$	(948	)	$	96,693

Schedule of Unrealized Loss on Investments [Table Text Block]

	June 30, 2018
	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	$	25,988	$	(126	)	$	30,899	$	(116	)	$	56,887	$	(242	)
Agency mortgage-backed securities		1,265		(27	)		22,916		(1,068	)		24,181		(1,095	)
Other investments measured at net asset value		-		-			5,076		(247	)		5,076		(247	)
Total	$	27,253	$	(153	)	$	58,891	$	(1,431	)	$	86,144	$	(1,584	)

	June 30, 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	$	57,168	$	(233	)	$	-	$	-		$	57,168	$	(233	)
Agency mortgage-backed securities		19,571		(298	)		13,332		(322	)		32,903		(620	)
Other investments measured at net asset value		5,115		(95	)		-		-			5,115		(95	)
Total	$	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	$	33,004	$	32,887
Due after one year through five years		33,485		33,101
Due after five years through ten years		15,916		15,080
Due after ten years		-		-
Total	$	82,405	$	81,068

Note 3 - Loans, Allowance for Loan Losses and Credit Quality (Tables)

12 Months Ended

Jun. 30, 2018

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

	June 30, 2018						June 30, 2017
	Originated		Purchased		Total		Originated		Purchased		Total
	(Dollars in thousands)
Residential real estate	$	75,873	$	13,926	$	89,799	$	83,759	$	3,377	$	87,136
Home equity		10,457		-		10,457		13,931		101		14,032
Commercial real estate		303,399		276,051		579,450		256,280		241,724		498,004
Commercial and industrial		187,857		995		188,852		174,468		1,186		175,654
Consumer		3,244		-		3,244		4,369		-		4,369
Total loans	$	580,830	$	290,972	$	871,802	$	532,807	$	246,388	$	779,195

Past Due Financing Receivables [Table Text Block]

	June 30, 2018
					Past Due		Past Due
					90 Days or		90 Days or		Total						Non-
	30-59		60-89		More-Still		More-		Past		Total		Total		Accrual
	Days		Days		Accruing		Nonaccrual		Due		Current		Loans		Loans
	(Dollars in thousands)
Originated portfolio:
Residential real estate	$	404	$	181	$	-	$	1,201	$	1,786	$	74,087	$	75,873	$	2,914
Home equity		89		-		-		154		243		10,214		10,457		298
Commercial real estate		27		210		-		169		406		302,993		303,399		1,499
Commercial and industrial		-		-		-		792		792		187,065		187,857		1,368
Consumer		77		82		-		19		178		3,066		3,244		134
Total originated portfolio		597		473		-		2,335		3,405		577,425		580,830		6,213
Purchased portfolio:
Residential real estate		-		-		-		202		202		13,724		13,926		202
Commercial real estate		659		274		-		3,086		4,019		272,032		276,051		5,180
Commercial and industrial		17		-		-		91		108		887		995		363
Total purchased portfolio		676		274		-		3,379		4,329		286,643		290,972		5,745
Total loans	$	1,273	$	747	$	-	$	5,714	$	7,734	$	864,068	$	871,802	$	11,958

	June 30, 2017
					Past Due		Past Due
					90 Days or		90 Days or		Total						Non-
	30-59		60-89		More-Still		More-		Past		Total		Total		Accrual
	Days		Days		Accruing		Nonaccrual		Due		Current		Loans		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		-		1,082		-		16		1,098		2,380		3,478		1,056
Commercial real estate		173		1,997		-		2,922		5,092		236,632		241,724		6,364
Commercial and industrial		-		-		-		-		-		1,186		1,186		32
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]

	Year Ended June 30, 2018
	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		302			544		170		(1	)		395			-		1,410
Recoveries		14			-		25		40			-			-		79
Charge-offs		(183	)		-		-		(53	)		(111	)		-		(347	)
Ending balance	$	610		$	2,856	$	715	$	39		$	587		$	-	$	4,807

	Year Ended June 30, 2017
	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		(33	)		1,099			207		54			267			-		1,594
Recoveries		33			21			16		38			-			-		108
Charge-offs		(186	)		(3	)		-		(101	)		(97	)		-		(387	)
Ending balance	$	477		$	2,312		$	520	$	53		$	303		$	-	$	3,665

	Year Ended June 30, 2016
	Residential			Commercial			Commercial
	Real Estate			Real Estate			and Industrial			Consumer			Purchased			Unallocated			Total
	(Dollars in thousands)
Beginning balance	$	741		$	694		$	117		$	35		$	283		$	56		$	1,926
Provision		21			547			243			76			787			(56	)		1,618
Recoveries		35			5			14			17			-			-			71
Charge-offs		(134	)		(51	)		(77	)		(66	)		(937	)		-			(1,265	)
Ending balance	$	663		$	1,195		$	297		$	62		$	133		$	-		$	2,350

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

	June 30, 2018
	Residential		Commercial		Commercial
	Real Estate		Real Estate		and Industrial		Consumer		Purchased		Unallocated		Total
	(Dollars in thousands)
Allowance for loan losses:
Individually evaluated	$	322	$	139	$	120	$	6	$	-	$	-	$	587
Collectively evaluated		288		2,717		595		33		-		-		3,633
ASC 310-30		-		-		-		-		587		-		587
Total	$	610	$	2,856	$	715	$	39	$	587	$	-	$	4,807

Loans:
Individually evaluated	$	5,682	$	2,882	$	3,008	$	292	$	-	$	-	$	11,864
Collectively evaluated		80,648		300,517		184,849		2,952		-		-		568,966
ASC 310-30		-		-		-		-		290,972		-		290,972
Total	$	86,330	$	303,399	$	187,857	$	3,244	$	290,972	$	-	$	871,802

	June 30, 2017
	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]

	June 30, 2018						June 30, 2017
			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	$	3,162	$	3,154	$	-	$	4,052	$	4,084	$	-
Commercial real estate		1,641		1,634		-		359		354		-
Commercial and industrial		2,401		2,401		-		1,870		1,870		-
Consumer		271		296		-		250		271		-
Purchased:
Residential real estate		202		420		-		1,056		1,099		-
Commercial real estate		6,601		11,276		-		8,696		11,468		-
Commercial and industrial		108		1,420		-		32		65		-
Total		14,386		20,601		-		16,315		19,211		-
Impaired loans with a valuation allowance:
Originated:
Residential real estate		2,520		2,497		322		1,624		1,595		252
Commercial real estate		1,241		1,233		139		1,400		1,388		147
Commercial and industrial		607		607		120		824		824		149
Consumer		21		22		6		46		55		4
Purchased:
Commercial real estate		4,748		5,362		280		3,528		3,929		176
Commercial and industrial		349		407		307		94		108		55
Total		9,486		10,128		1,174		7,516		7,899		783
Total impaired loans	$	23,872	$	30,729	$	1,174	$	23,831	$	27,110	$	783

	Year Ended June 30,
	2018
	Average		Interest
	Recorded		Income
	Investment		Recognized
	(Dollars in thousands)
Impaired loans without a valuation allowance:
Originated:
Residential real estate	$	3,697	$	94
Commercial real estate		2,054		183
Commercial and industrial		1,904		105
Consumer		271		18
Purchased:
Residential real estate		489		-
Commercial real estate		8,754		275
Commercial and industrial		42		-
Total		17,211		675
Impaired loans with a valuation allowance:
Originated:
Residential real estate		2,120		159
Commercial real estate		1,379		92
Commercial and industrial		753		6
Consumer		33		2
Purchased:
Residential real estate		66		1
Commercial real estate		4,266		186
Commercial and industrial		251		3
Total		8,868		449
Total impaired loans	$	26,079	$	1,124

	Years Ended June 30,
	2017				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	$	3,775	$	106	$	2,584	$	151
Commercial real estate		454		19		978		31
Commercial and industrial		1,195		33		9		-
Consumer		225		14		255		27
Purchased:
Residential real estate		1,086		1		563		51
Commercial real estate		6,474		267		6,123		140
Commercial and industrial		28		-		-		-
Total		13,237		440		10,512		400
Impaired loans with a valuation allowance:
Originated:
Residential real estate		1,798		117		1,984		96
Commercial real estate		1,219		100		1,056		63
Commercial and industrial		532		13		1		-
Consumer		77		7		53		3
Purchased:
Commercial real estate		1,636		86		1,346		83
Commercial and industrial		35		2		-		-
Total		5,297		325		4,440		245
Total impaired loans	$	18,534	$	765	$	14,952	$	645

Financing Receivable Credit Quality Indicators [Table Text Block]

	June 30, 2018
	Originated Portfolio
	Commercial		Commercial		Residential Real		Purchased
	Real Estate		and Industrial		Estate (1)		Portfolio		Total
	(Dollars in thousands)
Pass (1- 6)	$	298,200	$	184,024	$	13,531	$	279,111	$	774,866
Special mention (7)		3,505		2,198		100		5,899		11,702
Substandard (8)		1,694		1,635		823		5,962		10,114
Doubtful (9)		-		-		-		-		-
Loss (10)		-		-		-		-		-
Total	$	303,399	$	187,857	$	14,454	$	290,972	$	796,682

	June 30, 2017
	Originated Portfolio
	Commercial		Commercial		Residential Real		Purchased
	Real Estate		and Industrial		Estate (1)		Portfolio		Total
	(Dollars in thousands)
Pass (1- 6)	$	253,041	$	171,160	$	10,039	$	229,980	$	664,220
Special mention (7)		2,686		2,483		71		9,622		14,862
Substandard (8)		554		825		803		6,786		8,968
Doubtful (9)		-		-		19		-		19
Loss (10)		-		-		-		-		-
Total	$	256,281	$	174,468	$	10,932	$	246,388	$	688,069

Troubled Debt Restructurings on Financing Receivables [Table Text Block]

	Years Ended June 30,
	2018				2017
	Number of		Recorded		Number of		Recorded
	Contracts		Investment		Contracts		Investment
	(Dollars in thousands)
Extended maturity		3	$	73		9	$	4,537
Adjusted interest rate		1		15		6		424
Rate and maturity		4		2,302		5		1,317
Principal deferment		8		3,362		3		1,978
Court ordered concession		1		94		-		-
Total		17	$	5,846		23	$	8,256

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

	Years Ended June 30,
	2018						2017
			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		8	$	707	$	709		9	$	964	$	1,084
Home equity		-		-		-		-		-		-
Commercial real estate		5		3,303		3,370		2		195		195
Commercial and industrial		1		655		655		2		1,867		1,937
Consumer		-		-		-		-		-		-
Total originated portfolio		14		4,665		4,734		13		3,026		3,216

Purchased portfolio:
Commercial real estate		2		820		844		9		4,895		4,946
Commercial and industrial		1		269		268		1		94		94
Total purchased portfolio		3		1,089		1,112		10		4,989		5,040
Total		17	$	5,754	$	5,846		23	$	8,015	$	8,256

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

	Years Ended June 30,
	2018			2017			2016
	(Dollars in thousands)
Contractually required payments receivable	$	179,726		$	175,274		$	148,394
Nonaccretable difference		(4,321	)		(4,518	)		(2,050	)
Cash flows expected to be collected		175,405			170,756			146,344
Accretable yield		(51,294	)		(57,949	)		(46,345	)
Fair value of loans acquired	$	124,111		$	112,807		$	99,999

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 Years Ended June 30,
	2018		2017		2016
	(Dollars in thousands)
Loans acquired during the period	$	820	$	1,850	$	424
Loans at end of period		5,278		6,582		4,512

	Years Ended June 30,
	2018			2017			2016
	(Dollars in thousands)
Beginning balance	$	131,197		$	124,151		$	111,449
Acquisitions		51,294			57,949			46,345
Accretion		(17,947	)		(18,468	)		(16,900	)
Reclassifications from nonaccretable difference to accretable yield		5,827			6,109			7,079
Disposals and other changes		(32,193	)		(38,544	)		(23,822	)
Ending balance	$	138,178		$	131,197		$	124,151

Schedule of Credit Impaired Loans [Table Text Block]

	June 30, 2018		June 30, 2017
Unpaid principal balance	$	318,876	$	271,709
Carrying amount		284,317		239,583

Note 4 - Transfers and Servicing of Financial Assets (Tables)

12 Months Ended

Jun. 30, 2018

SBA [Member]

Servicing Asset at Amortized Cost [Table Text Block]

	(Dollars in thousands)
Balance, June 30, 2015	$	1,077
Additions		1,230
Disposals		(38	)
Amortization		(52	)
Impairment		(463	)
Balance, June 30, 2016		1,754
Additions		1,529
Amortization		(224	)
Impairment		(220	)
Balance, June 30, 2017		2,839
Additions		931
Amortization		(769	)
Impairment		(31	)
Balance, June 30, 2018	$	2,970

Note 5 - Premises and Equipment (Tables)

12 Months Ended

Jun. 30, 2018

Property, Plant and Equipment [Table Text Block]

	June 30, 2018		June 30, 2017		Estimated Useful Life
	(Dollars in thousands)				(In years)
Land	$	767	$	767	n/a
Buildings		1,702		1,755	39
Assets recorded under capital lease		1,850		1,850	Term of lease
Leasehold and building improvements		3,646		3,150	5	-	39	(or term of lease, if shorter)
Furniture, fixtures and equipment		8,749		8,274				3	-	7
Total		16,714		15,796
Less accumulated depreciation		10,123		8,859
Net premises and equipment	$	6,591	$	6,937

Note 6 - Intangible Assets (Tables)

12 Months Ended

Jun. 30, 2018

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]

Fiscal Year	Expected Amortization Expense
	(Dollars in thousands)
2019	$	433
2020		434
Total	$	867

Core Deposits [Member]

Schedule of Finite-Lived Intangible Assets, Including Goodwill [Table Text Block]

	(Dollars in thousands)
June 30, 2015	$	2,209
Amortization		(477	)
June 30, 2016	$	1,732
Amortization		(432	)
June 30, 2017	$	1,300
Amortization		(433	)
June 30, 2018	$	867

Schedule of Finite-Lived Intangible Assets [Table Text Block]

	June 30, 2018			June 30, 2017
	(Dollars in thousands)
Core Deposit Intangible:
Gross carrying amount	$	6,348		$	6,348
Accumulated amortization		(5,481	)		(5,048	)
Intangible asset, net	$	867		$	1,300

Note 7 - Deposits (Tables)

12 Months Ended

Jun. 30, 2018

Schedule of Composition of Deposits [Table Text Block]

	June 30, 2018		June 30, 2017
	(Dollars in thousands)
Demand	$	72,272	$	69,827
NOW		73,347		71,247
Money market		420,886		374,569
Regular savings		36,290		37,170
Time certificates		352,145		337,037
Total deposits	$	954,940	$	889,850

Schedule of Maturities of Time Certificates [Table Text Block]

Fiscal Year	June 30, 2018
	(Dollars in thousands)
2019	$	248,119
2020		63,986
2021		22,263
2022		12,606
2023		5,171
Thereafter		-
Total	$	352,145

Note 8 - Borrowings (Tables)

12 Months Ended

Jun. 30, 2018

Schedule of Federal Home Loan Bank, Advances, by Branch of FHLB Bank [Table Text Block]

Maturity	Unpaid Principal Balance				Carrying Amount (1)				Weighted Average Interest Rate
By Fiscal	2018		2017		2018		2017		2018			2017
Year	(Dollars in thousands)
2018	$	-	$	20,000	$	-	$	20,011		0.00	%		1.94	%
2019		15,000		-		15,000		-		2.05	%		0.00	%
	$	15,000	$	20,000	$	15,000	$	20,011		2.05	%		1.94	%

Schedule of Future Minimum Lease Payments for Capital Leases [Table Text Block]

	Capital Lease Obligation
	(Dollars in thousands)
2019	$	306
2020		306
2021		25
Total		637
Imputed interest		(32	)
Capital lease obligation	$	605

Note 9 - Subordinated Debt (Tables)

12 Months Ended

Jun. 30, 2018

Schedule of Subordinated Borrowing [Table Text Block]

	Maturity Date	Unpaid Principal Balance				Carrying Amount (1)
		2018		2017		2018		2017
		(Dollars in thousands)
NBN Capital Trust II	March 30, 2034	$	3,093	$	3,093	$	1,940	$	1,901
NBN Capital Trust III	March 30, 2034		3,093		3,093		1,940		1,901
NBN Capital Trust IV	February 23, 2035		10,310		10,310		5,358		5,209
		$	16,496	$	16,496	$	9,238	$	9,011

Note 10 - Capital and Regulatory Matters (Tables)

12 Months Ended

Jun. 30, 2018

Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations [Table Text Block]

	Actual					Minimum Capital Requirements			Minimum To Be Well Capitalized Under Prompt Corrective Action Provisions				Minimum Capital Ratio with Capital Conservation Buffer
	Amount		Ratio			Amount		Ratio	Amount		Ratio		Ratio

	(Dollars in thousands)
June 30, 2018:
Common equity tier 1 capital to risk weighted assets:
Company	$	139,247		16.02	%	$	39,113	> 4.5%		N/A		N/A		7.0	%
Bank		156,856		18.04	%		39,120	> 4.5%	$	56,506	> 6.5%			7.0	%

Total capital to risk weighted assets:
Company		167,567		19.28	%		69,535	> 8.0%		N/A		N/A		10.5	%
Bank		161,714		18.60	%		69,546	> 8.0%		86,933	> 10.0%			10.5	%

Tier 1 capital to risk weighted assets:
Company		147,990		17.03	%		52,151	> 6.0%		N/A		N/A		8.5	%
Bank		156,856		18.04	%		52,160	> 6.0%		69,546	> 8.0%			8.5	%

Tier 1 capital to average assets:
Company		147,990		13.12	%		45,102	> 4.0%		N/A		N/A		4.0	%
Bank		156,856		13.92	%		45,075	> 4.0%		56,344	> 5.0%			4.0	%

June 30, 2017:
Common equity tier 1 capital to risk weighted assets:
Company	$	123,442		16.00	%	$	34,714	> 4.5%		N/A		N/A		7.0	%
Bank		138,744		17.98	%		34,727	> 4.5%	$	50,162	> 6.5%			7.0	%

Total capital to risk weighted assets:
Company		150,269		19.48	%		61,715	> 8.0%		N/A		N/A		10.5	%
Bank		142,447		18.46	%		61,737	> 8.0%		77,172	> 10.0%			10.5	%

Tier 1 capital to risk weighted assets:
Company		131,958		17.11	%		46,286	> 6.0%		N/A		N/A		8.5	%
Bank		138,744		17.98	%		46,303	> 6.0%		61,737	> 8.0%			8.5	%

Tier 1 capital to average assets:
Company		131,958		12.81	%		41,215	> 4.0%		N/A		N/A		4.0	%
Bank		138,744		13.46	%		41,238	> 4.0%		51,547	> 5.0%			4.0	%

Note 11 - Earnings Per Common Share (EPS) (Tables)

12 Months Ended

Jun. 30, 2018

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

	Years ended June 30,
	2018		2017		2016
	(Dollars in thousands, except share and per share data)
Net income	$	16,166	$	12,339	$	7,619

Weighted average shares used in calculation of basic earnings per share		8,906,710		8,898,448		9,474,999
Incremental shares from assumed exercise of dilutive securities		222,442		54,166		9,636
Weighted average shares used in calculation of diluted earnings per share		9,129,152		8,952,614		9,484,635


Earnings per common share:	$	1.81	$	1.39	$	0.80
Diluted earnings per common share:	$	1.77	$	1.38	$	0.80

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

	Years ended June 30,
	2018		2017		2016
Stock options		-		642,641		714,545

Note 12 - Income Taxes (Tables)

12 Months Ended

Jun. 30, 2018

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

	Years Ended June 30,
	2018		2017			2016
	(Dollars in thousands)
Current provision
Federal	$	4,133	$	7,071		$	1,544
State		1,606		1,753			438
Total current provision		5,739		8,824			1,982
Deferred expense (benefit)
Federal		1,189		(792	)		1,761
State		103		(233	)		361
Total deferred expense (benefit)		1,292		(1,025	)		2,122
Total tax provision	$	7,031	$	7,799		$	4,104

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

	Years Ended June 30,
	2018			2017			2016
	(Dollars in thousands)
Expected income tax expense at federal tax rate	$	6,509		$	7,048		$	3,986
State tax, net of federal tax benefit		1,231			988			527
Non-taxable BOLI income		(124	)		(159	)		(153	)
Low-income housing tax credit, net of adoption of ASU 2014-01		(37	)		(40	)		(42	)
Tax exempt interest income		(5	)		(76	)		(76	)
Stock compensation excess tax benefits (ASU 2016-09)		(1,266	)		-			-
Statutory rate change		497			-			-
Other		226			38			(138	)
Total tax provision	$	7,031		$	7,799		$	4,104

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

	June 30,
	2018 (1)		2017 (2)
	(Dollars in thousands)
Deferred tax assets
Allowance for loan losses	$	1,315	$	1,462
Loan basis differential		931		1,242
Capital lease		166		348
Compensation and benefits		252		1,425
Stock-based compensation		863		1,651
Unrealized loss on derivatives		224		640
Unrealized loss on available for sale securities		428		360
Interest on nonperforming loans		349		418
Derivative basis differential		41		-
Other		406		585
Gross deferred tax asset		4,975		8,131
Less: valuation allowance		-		-
Total deferred tax assets		4,975		8,131
Deferred tax liabilities
Intangible assets		237		519
Prepaid expenses		433		385
Premises and equipment		707		926
Borrowings basis differential		1,939		2,943
Other		812		1,135
Total deferred tax liability		4,128		5,908
Net deferred tax asset	$	847	$	2,223

Summary of Income Tax Contingencies [Table Text Block]

	Tax Position			Interest and Penalties			Total
	(Dollars in thousands)
Balance at June 30, 2015	$	109		$	18		$	127
Reduction of tax positions for prior years		(42	)		(4	)		(46	)
Increase for prior year tax position		-			-			-
Increase for current year tax position		-			-			-
Balance at June 30, 2016	$	67		$	14		$	81
Reduction of tax positions for prior years		(67	)		(14	)		(81	)
Increase for prior year tax position		-			-			-
Increase for current year tax position		-			-			-
Balance at June 30, 2017	$	-		$	-		$	-
Reduction of tax positions for prior years		-			-			-
Increase for prior year tax position		-			-			-
Increase for current year tax position		-			-			-
Balance at June 30, 2018	$	-		$	-		$	-

Note 14 - Stock-based Compensation (Tables)

12 Months Ended

Jun. 30, 2018

Share-based Compensation, Stock Options, Activity [Table Text Block]

				Weighted Average
	Shares			Exercise Price
Outstanding at beginning of year		890,866		$	12.43
Granted		-			-
Exercised		(373,634	)		12.86
Forfeited		(81,006	)		14.52
Outstanding at end of year		436,226			12.46
Exercisable		436,226			12.46

				Weighted Average
	Shares			Grant Date Fair Value
Exercisable, beginning of year		506,911		$	3.18
Vested		302,949			2.33
Exercised		(373,634	)		2.89
Forfeited or expired		-			-
Exercisable, end of year		436,226			2.89

Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range [Table Text Block]

Options Outstanding								Options Exercisable
(Dollars in thousands, except per share data)
Weighted Average				Weighted Average Remaining Life		Aggregate Intrinsic		Weighted Average				Weighted Average Remaining Life		Aggregate Intrinsic
Exercise Price		Number		(in years)		Value		Exercise Price		Number		(in years)		Value
$	9.38		139,607	4.59		$	1,734	$	9.38		139,607	4.59		$	1,734
	12.63		5,000		3.58		45		12.63		5,000		3.58		45
	13.93		291,619		2.50		2,295		13.93		291,619		2.50		2,295
	12.46		436,226		3.18	$	4,074		12.46		436,226		3.18	$	4,074

Schedule of Unvested Restricted Stock Units Roll Forward [Table Text Block]

	Shares			Weighted Average Grant Date Fair Value
Unvested at beginning of period		395,430		$	10.69
Granted		22,000			22.41
Vested		(59,093	)		9.65
Forfeited		(40,003	)		10.54
Unvested at end of period		318,334			11.71

Schedule of Unrecognized Compensation Cost, Nonvested Awards [Table Text Block]

	Years Ended June 30,
	2019		2020		2021		2022		2023		Total
	(Dollars in thousands)
Stock options	$	-	$	-	$	-	$	-	$	-	$	-
Restricted stock		939		575		355		165		37		2,071
	$	939	$	575	$	355	$	165	$	37	$	2,071

Note 15 - Commitments, Contingent Liabilities and Other Off-balance Sheet Risks (Tables)

12 Months Ended

Jun. 30, 2018

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

	June 30,
	2018		2017
	(Dollars in thousands)
Commitments to originate loans	$	20,431	$	15,244
Unused lines of credit		29,478		31,858
Standby letters of credit		3,183		3,400
Commitment to fund investment		1,000		1,000

Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block]

	Minimum lease payments
	(Dollars in thousands)
2019	$	1,257
2020		1,256
2021		1,236
2022		1,255
2023		689
Thereafter		1,361
Total	$	7,054

Note 16 - Other Comprehensive Income (Loss) (Tables)

12 Months Ended

Jun. 30, 2018

Comprehensive Income (Loss) [Table Text Block]

	Years Ended June 30,
	2018									2017
	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	$	(636	)	$	(171	)	$	(465	)	$	(1,145	)	$	(434	)	$	(711	)
Change in accumulated gain on effective cash flow hedges		750			203			547			1,550			592			958
Reclassification adjustment included in net income		106			34			72			43			16			27
Total derivatives and hedging activities		856			237			619			1,593			608			985
Adoption of ASU 2018-02		-			283			(283	)		-			-			-
Total other comprehensive (loss) income	$	220		$	349		$	(129	)	$	448		$	174		$	274

	Year Ended June 30,
	2016
	Pre-tax			Tax Expense			After-tax
	Amount			(Benefit)			Amount
	(Dollars in thousands)
Change in net unrealized gain on available-for-sale securities	$	1,033		$	393		$	640
Change in accumulated loss on effective cash flow hedges		(2,032	)		(776	)		(1,256	)
Reclassification adjustment included in net income		(3	)		(1	)		(2	)
Total derivatives and hedging activities		(2,035	)		(777	)		(1,258	)
Total other comprehensive loss	$	(1,002	)	$	(384	)	$	(618	)

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

	June 30, 2018			June 30, 2017			June 30, 2016
	(Dollars in thousands)
Unrealized (loss) gain on available-for-sale securities	$	(1,584	)	$	(948	)	$	197
Tax effect		428			360			(75	)
Net-of-tax amount		(1,156	)		(588	)		122
Unrealized loss on cash flow hedges		(827	)		(1,683	)		(3,276	)
Tax effect		222			639			1,248
Net-of-tax amount		(605	)		(1,044	)		(2,028	)
Accumulated other comprehensive loss	$	(1,761	)	$	(1,632	)	$	(1,906	)

Note 17 - Derivatives (Tables)

12 Months Ended

Jun. 30, 2018

Schedule of Derivative Instruments [Table Text Block]

June 30, 2018
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 on FHLB advances :
$	5,000	July 2013	July 2033	3 Mo. LIBOR		2.05	%		3.38	%		n/a		$	(293	)	$	(293	)	Other Liabilities
	5,000	July 2013	July 2028	3 Mo. LIBOR		2.05	%		3.23	%		n/a			(154	)		(154	)	Other Liabilities
	5,000	July 2013	July 2023	3 Mo. LIBOR		2.05	%		2.77	%		n/a			15			15		Other Assets
Forward-starting interest rate swaps on Trust Preferred Securities:
	6,000	February 2018	September 2029	3 Mo. LIBOR		5.14	%		5.88	%		n/a			(81	)		(81	)	Other Liabilities
	10,000	February 2018	February 2030	3 Mo. LIBOR		4.23	%		4.98	%		n/a			(140	)		(140	)	Other Liabilities
Interest rate caps:
	6,000	October 2014	September 2019	3 Mo. LIBOR		n/a			n/a			2.50	%		(91	)		15		Other Assets
	10,000	March 2015	February 2020	3 Mo. LIBOR		n/a			n/a			2.50	%		(83	)		49		Other Assets
$	47,000													$	(827	)	$	(589	)

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 on FHLB advances :
$	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	)

Schedule of Fair Value Hedge Ineffectiveness [Table Text Block]

	Years Ended June 30,
	2018			2017			2016
	(Dollars in thousands)
Interest income (expense):
Interest rate caps	$	(106	)	$	(43	)	$	3
Interest rate swap		-			-			-
Total	$	(106	)	$	(43	)	$	3

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.

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Note 18 - Fair Value Measurements (Tables)

12 Months Ended

Jun. 30, 2018

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

	June 30, 2018
	Total		Level 1		Level 2		Level 3
	(Dollars in thousands)
Assets
Securities available-for-sale:
U.S. Government agency securities	$	56,887	$	-	$	56,887	$	-
Agency mortgage-backed securities		24,181		-		24,181		-
Other investments measured at net asset value (1)		6,619		-		-		-
Other assets – interest rate caps		64		-		64		-
Other assets – interest rate swaps		15		-		15		-
Liabilities
Other liabilities – interest rate swaps	$	668	$	-	$	668	$	-

	June 30, 2017
	Total		Level 1		Level 2		Level 3
	(Dollars in thousands)
Assets
Securities available-for-sale:
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]

	June 30, 2018
	Total		Level 1		Level 2		Level 3
	(Dollars in thousands)
Collateral dependent impaired loans	$	1,917	$	-	$	-	$	1,917
Real estate owned and other repossessed collateral		2,233		-		-		2,233
Loan servicing rights		2,970		-		-		2,970

	June 30, 2017
	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 Measurement Inputs and Valuation Techniques [Table Text Block]

	Fair Value
	June 30, 2018		June 30, 2017		Valuation Technique
	(Dollars in thousands)
Collateral dependent impaired loans	$	1,917	$	1,011	Appraisal of collateral (1)
Real estate owned and other repossessed collateral		2,233		826	Appraisal of collateral (1)
Loan servicing rights		2,970		2,846	Discounted cash flow (2)

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

	Years Ended June 30,
	2018			2017			2016
	(Dollars in thousands)
Collateral dependent impaired loans	$	(519	)	$	(294	)	$	(129	)
Real estate owned and other repossessed collateral		(96	)		87			(243	)
Loan servicing rights		(31	)		(220	)		(463	)
Total	$	(646	)	$	(427	)	$	(835	)

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

	Carrying		Fair Value Measurements at June 30, 2018
	Amount		Total		Level 1		Level 2		Level 3
	(Dollars in thousands)
Financial assets:
Cash and cash equivalents	$	157,402	$	157,402	$	157,402	$	-	$	-
Available-for-sale securities		81,068		81,068		-		81,068		-
Other investments measured at net asset value (1)		6,619		6,619		-		-		-
Federal Home Loan Bank stock		1,652		1,652		-		1,652		-
Loans held for sale		7,155		7,155		-		7,155		-
Loans, net		866,995		868,730		-		-		868,730
Accrued interest receivable		2,528		2,528		-		2,528		-
Interest rate caps		64		64		-		64		-
Interest rate swaps		15		15		-		15		-

Financial liabilities:
Deposits		954,940		953,216		-		953,216		-
Federal Home Loan Bank advances		15,000		15,000		-		15,000		-
Capital lease obligation		605		619		-		619		-
Subordinated debt		23,958		25,961		-		-		25,961
Interest rate swaps		668		668		-		668		-

	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 debt		23,620		25,677		-		-		25,677
Interest rate swaps		1,355		1,355		-		1,355		-

Note 19 - Condensed Parent Information (Tables)

12 Months Ended

Jun. 30, 2018

Condensed Balance Sheet [Table Text Block]

	June 30, 2018		June 30, 2017
	(Dollars in thousands)
Balance Sheets
Assets:
Cash	$	6,658	$	8,165
Investment in subsidiary		156,764		138,920
Investment in common securities of affiliated trusts		496		496
Other assets		618		193
Total assets	$	164,536	$	147,774

Liabilities and Shareholders’ Equity:
Subordinated debt	$	23,958	$	23,620
Other liabilities		2,148		1,357
Total liabilities		26,106		24,977
Shareholders’ equity		138,430		122,797
Total liabilities and shareholders’ equity	$	164,536	$	147,774

Condensed Income Statement [Table Text Block]

	Years Ended June 30,
	2018			2017			2016
	(Dollars in thousands)
Statements of Income
Income:
Other income	$	446		$	563		$	62
Expenses:
Interest expense		2,102			1,888			651
Noninterest expense		1,221			1,324			954
Total expense		3,323			3,212			1,605
Loss before income tax benefit and equity in undistributed net income of subsidiary		(2,877	)		(2,649	)		(1,543	)
Income tax benefit		(1,408	)		(1,548	)		(579	)
Loss before equity in undistributed net income of subsidiary		(1,469	)		(1,101	)		(964	)
Equity in undistributed net income of subsidiary		17,635			13,440			8,583
Net income	$	16,166		$	12,339		$	7,619

Condensed Cash Flow Statement [Table Text Block]

	Years Ended June 30,
	2018			2017			2016
	(Dollars in thousands)
Statements of Cash Flows
Operating activities:
Net income	$	16,166		$	12,339		$	7,619
Adjustments to reconcile net income to net cash (used in) provided by operating activities:
Amortization of fair value adjustment for borrowings		338			289			193
Stock-based compensation		870			945			613
Undistributed earnings of subsidiary		(17,635	)		(13,440	)		(8,583	)
(Decrease) increase in other assets and liabilities		311			(1,144	)		673
Net cash (used in) provided by operating activities		50			(1,011	)		515

Investing activities:
Increase in investment of bank subsidiary		-			-			-
Net cash used in investing activities		-			-			-

Financing activities:
Capital contribution		-			(8,000	)		-
Issuance of subordinated debt, net of debt issuance costs		-			-			14,512
Repurchases for tax withholdings on restricted common stock		(109	)		8			(11	)
Stock options exercised, net		(1,093	)		(60	)		-
Repurchase of common stock		-			(6,943	)		(3,359	)
Dividends paid to shareholders		(355	)		(357	)		(380	)
Net cash (used in) provided by financing activities		(1,557	)		(15,352	)		10,762

Net (decrease) increase in cash		(1,507	)		(16,363	)		11,277
Cash, beginning of year		8,165			24,528			13,251
Cash, end of year	$	6,658		$	8,165		$	24,528

Note 20 - Quarterly Results of Operations (Unaudited) (Tables)

12 Months Ended

Jun. 30, 2018

Quarterly Financial Information [Table Text Block]

	201 8
(Dollars in thousands, except share data)	First Quarter		Second Quarter		Third Quarter		Fourth Quarter
Interest and dividend income	$	16,178	$	15,260	$	16,483	$	17,972
Interest expense		2,867		2,803		3,349		3,564
Net interest income		13,311		12,457		13,134		14,408
Provision for loan losses		354		437		364		254
Net interest income after provision for loan losses		12,957		12,020		12,770		14,154

Non-interest income		1,958		1,228		1,882		1,959
Non-interest expense		8,714		8,563		8,975		9,478
Income before income tax expense		6,201		4,685		5,677		6,635
Income tax expense		1,615		1,381		1,745		2,291
Net income	$	4,586	$	3,304	$	3,932	$	4,344

Basic earnings per share	$	0.52	$	0.37	$	0.44	$	0.49
Diluted earnings per share	$	0.50	$	0.36	$	0.43	$	0.48

	201 7
(Dollars in thousands, except share data)	First Quarter		Second Quarter		Third Quarter		Fourth Quarter
Interest and dividend income	$	12,257	$	14,332	$	14,960	$	16,371
Interest expense		2,482		2,499		2,501		2,614
Net interest income		9,775		11,833		12,459		13,757
Provision for loan losses		193		628		384		389
Net interest income after provision for loan losses		9,582		11,205		12,075		13,368

Non-interest income		1,808		2,690		2,308		2,890
Non-interest expense		8,626		8,956		8,842		9,364
Income before income tax expense		2,764		4,939		5,541		6,894
Income tax expense		1,013		1,839		2,080		2,867
Net income	$	1,751	$	3,100	$	3,461	$	4,027

Basic earnings per share	$	0.19	$	0.35	$	0.39	$	0.46
Diluted earnings per share	$	0.19	$	0.35	$	0.39	$	0.45

	201 6
(Dollars in thousands, except share data)	First Quarter		Second Quarter		Third Quarter		Fourth Quarter
Interest and dividend income	$	11,113	$	12,035	$	11,259	$	12,828
Interest expense		1,872		1,863		2,005		2,115
Net interest income		9,241		10,172		9,254		10,713
Provision for loan losses		169		896		236		317
Net interest income after provision for loan losses		9,072		9,276		9,018		10,396

Non-interest income		1,705		1,624		2,035		2,411
Non-interest expense		7,810		8,196		8,412		9,396
Income before income tax expense		2,967		2,704		2,641		3,411
Income tax expense		1,100		960		832		1,212
Net income	$	1,867	$	1,744	$	1,809	$	2,199

Basic earnings per share	$	0.20	$	0.18	$	0.19	$	0.24
Diluted earnings per share	$	0.20	$	0.18	$	0.19	$	0.24

Note 1 - Summary of Significant Accounting Policies (Details Textual) $ in Thousands	3 Months Ended												12 Months Ended
	Jun. 30, 2018 USD ($)	Mar. 31, 2018 USD ($)	Dec. 31, 2017 USD ($)	Sep. 30, 2017 USD ($)	Jun. 30, 2017 USD ($)	Mar. 31, 2017 USD ($)	Dec. 31, 2016 USD ($)	Sep. 30, 2016 USD ($)	Jun. 30, 2016 USD ($)	Mar. 31, 2016 USD ($)	Dec. 31, 2015 USD ($)	Sep. 30, 2015 USD ($)	Jun. 30, 2018 USD ($) shares	Jun. 30, 2017 USD ($) shares	Jun. 30, 2016 USD ($) shares	Jun. 30, 2015 USD ($)
Investments in and Advances to Affiliates, Amount of Equity	$ 496												$ 496
Cash Reserve Deposit Required and Made	1,500				$ 2,700								1,500	$ 2,700
Equity Method Investment, Other than Temporary Impairment													0
Unrecognized Tax Benefits, Ending Balance	0				0				$ 67				0	0	$ 67	$ 109
Effective Income Tax Rate Reconciliation, Share-based Compensation, Excess Tax Benefit, Amount													$ (1,266)
Number of Operating Segments													1
Income Tax Expense (Benefit), Total	2,291	$ 1,745	$ 1,381	$ 1,615	2,867	$ 2,080	$ 1,839	$ 1,013	1,212	$ 832	$ 960	$ 1,100	$ 7,031	7,799	$ 4,104
Adjustments to Additional Paid in Capital, Income Tax Benefit from Share-based Compensation														$ 27
Weighted Average Number of Shares Outstanding, Diluted, Total \| shares													9,089,936	8,952,614	9,484,635
Reclassification of Tax Effect from AOCI to Retained Earnings Due to Tax Cuts and Jobs Act
Net Income (Loss) Attributable to Parent, Total	$ 4,344	$ 3,932	$ 3,304	$ 4,586	$ 4,027	$ 3,461	$ 3,100	$ 1,751	$ 2,199	$ 1,809	$ 1,744	$ 1,867	16,166	$ 12,339	$ 7,619
Retained Earnings [Member]
Reclassification of Tax Effect from AOCI to Retained Earnings Due to Tax Cuts and Jobs Act													283
Net Income (Loss) Attributable to Parent, Total													16,166	12,339	$ 7,619
AOCI Attributable to Parent [Member]
Reclassification of Tax Effect from AOCI to Retained Earnings Due to Tax Cuts and Jobs Act													(283)
Accounting Standards Update 2016-01 [Member] \| Pro Forma [Member]
Equity Securities, FV-NI, Unrealized Loss													152
Accounting Standards Update 2016-09 [Member]
Income Tax Expense (Benefit), Total													$ (1,300)
Weighted Average Number of Shares Outstanding, Diluted, Total \| shares													40,966
Net Income (Loss) Attributable to Parent, Total													$ 1,300
Accounting Standards Update 2016-09 [Member] \| Pro Forma [Member]
Income Tax Expense (Benefit), Total														$ (27)
Accounting Standards Update 2018-02 [Member] \| Retained Earnings [Member]
Reclassification of Tax Effect from AOCI to Retained Earnings Due to Tax Cuts and Jobs Act													283
Accounting Standards Update 2018-02 [Member] \| AOCI Attributable to Parent [Member]
Reclassification of Tax Effect from AOCI to Retained Earnings Due to Tax Cuts and Jobs Act													$ (283)
Consumer Loan [Member]
Threshold Period Past Due for Write-off of Financing Receivable													180 days

Note 2 - Securities Available for Sale (Details Textual) $ in Thousands	12 Months Ended
	Jun. 30, 2018 USD ($)	Jun. 30, 2017 USD ($)	Jun. 30, 2016 USD ($)
Proceeds from Sale of Available-for-sale Securities, Total	$ 0
Debt Securities, Available-for-sale, Restricted	0
Other than Temporary Impairment Losses, Investments, Available-for-sale Securities, Total	$ 0	$ 0	$ 0
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions, Greater than or Equal to One Year	30
Available-for-sale Securities, Effective Duration		4 years 219 days

Note 2 - Securities Available for Sale - Securities Available-for-sale (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Jun. 30, 2017
Amortized Cost	$ 89,271	$ 97,641
Gross Unrealized Gains
Gross Unrealized Losses	(1,584)	(948)
Fair Value	87,687	96,693
US Government Agencies Debt Securities [Member]
Amortized Cost	57,129	57,401
Gross Unrealized Gains
Gross Unrealized Losses	(242)	(233)
Fair Value	56,887	57,168
Collateralized Mortgage Backed Securities [Member]
Amortized Cost	25,276	33,523
Gross Unrealized Gains
Gross Unrealized Losses	(1,095)	(620)
Fair Value	24,181	32,903
Other Investments Measured at Net Asset Value [Member]
Amortized Cost	6,866	6,717
Gross Unrealized Gains
Gross Unrealized Losses	(247)	(95)
Fair Value	$ 6,619	$ 6,622

Note 2 - Securities Available for Sale - Securities in a Continuous Unrealized Loss Position (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Jun. 30, 2017
Fair Value, Less than 12 months	$ 27,253	$ 81,854
Unrealized losses, less than 12 months	(153)	(626)
Fair Value, More than 12 months	58,891	13,332
Unrealized losses, More than 12 months	(1,431)	(322)
Fair Value	86,144	95,186
Unrealized Losses	(1,584)	(948)
US Government Agencies Debt Securities [Member]
Fair Value, Less than 12 months	25,988	57,168
Unrealized losses, less than 12 months	(126)	(233)
Fair Value, More than 12 months	30,899
Unrealized losses, More than 12 months	(116)
Fair Value	56,887	57,168
Unrealized Losses	(242)	(233)
Collateralized Mortgage Backed Securities [Member]
Fair Value, Less than 12 months	1,265	19,571
Unrealized losses, less than 12 months	(27)	(298)
Fair Value, More than 12 months	22,916	13,332
Unrealized losses, More than 12 months	(1,068)	(322)
Fair Value	24,181	32,903
Unrealized Losses	(1,095)	(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	5,076
Unrealized losses, More than 12 months	(247)
Fair Value	5,076	5,115
Unrealized Losses	$ (247)	$ (95)

Note 2 - Securities Available for Sale - Securities by Contractual Maturity (Details) - US Government Agencies Debt Securities [Member] $ in Thousands	Jun. 30, 2018 USD ($)
Due within one year, amortized cost	$ 33,004
Due within one year, fair value	32,887
Due after one year through five years, amortized cost	33,485
Due after one year through five years, fair value	33,101
Due after five years through ten years, amortized cost	15,916
Due after five years through ten years, fair value	15,080
Due after ten years, amortized cost
Due after ten years, fair value
Total	82,405
Total	$ 81,068

Note 3 - Loans, Allowance for Loan Losses and Credit Quality (Details Textual) xbrli-pure in Thousands, $ in Thousands	12 Months Ended
	Jun. 30, 2018 USD ($)	Jun. 30, 2017 USD ($)
Unamortized Loan Commitment and Origination Fees and Unamortized Discounts or Premiums, Total	$ 223	$ 507
Federal Home Loan Bank, Advances, General Debt Obligations, Disclosures, Collateral Pledged	128,300	163,500
Loans and Leases Receivable, Related Parties, Ending Balance	$ 129	$ 208
Financing Receivable, Modifications, Subsequent Default, Number of Contracts	0	0
Loans Held-forsale [Member]
Loans and Leases Receivable, Impaired, Commitment to Lend	$ 0
Commercial Portfolio Segment [Member]
Proceeds from Sale of Loans Receivable		$ 18,300
Gain (Loss) on Sale of Loans and Leases, Total		$ 365
Purchased Loans [Member]
Proceeds from Sale of Loans Receivable	2,800
Gain (Loss) on Sale of Loans and Leases, Total	$ 918

Note 3 - Loans, Allowance for Loan Losses and Credit Quality - Loan Portfolio (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Jun. 30, 2017
Loans	$ 871,802	$ 779,195
Residential Real Estate, without Home Equity [Member]
Loans	89,799	87,136
Home Equity Portfolio Segment [Member]
Loans	10,457	14,032
Commercial Real Estate Portfolio Segment [Member]
Loans	579,450	498,004
Commercial Portfolio Segment [Member]
Loans	188,852	175,654
Consumer Portfolio Segment [Member]
Loans	3,244	4,369
Originated Loans [Member]
Loans	580,830	532,807
Originated Loans [Member] \| Residential Real Estate, without Home Equity [Member]
Loans	75,873	83,759
Originated Loans [Member] \| Home Equity Portfolio Segment [Member]
Loans	10,457	13,931
Originated Loans [Member] \| Commercial Real Estate Portfolio Segment [Member]
Loans	303,399	256,280
Originated Loans [Member] \| Commercial Portfolio Segment [Member]
Loans	187,857	174,468
Originated Loans [Member] \| Consumer Portfolio Segment [Member]
Loans	3,244	4,369
Purchased Loans [Member]
Loans	290,972	246,388
Purchased Loans [Member] \| Residential Real Estate, without Home Equity [Member]
Loans	13,926	3,377
Purchased Loans [Member] \| Home Equity Portfolio Segment [Member]
Loans		101
Purchased Loans [Member] \| Commercial Real Estate Portfolio Segment [Member]
Loans	276,051	241,724
Purchased Loans [Member] \| Commercial Portfolio Segment [Member]
Loans	995	1,186
Purchased Loans [Member] \| Consumer Portfolio Segment [Member]
Loans

Note 3 - Loans, Allowance for Loan Losses and Credit Quality - Allowance for Loan Losses by Portfolio Segment (Details) - USD ($) $ in Thousands	3 Months Ended												12 Months Ended
	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2016
Beginning balance				$ 3,665				$ 2,350				$ 1,926	$ 3,665	$ 2,350	$ 1,926
Provision	$ 254	$ 364	$ 437	354	$ 389	$ 384	$ 628	193	$ 317	$ 236	$ 896	169	1,410	1,594	1,618
Recoveries													79	108	71
Charge-offs													(347)	(387)	(1,265)
Ending balance	4,807				3,665				2,350				4,807	3,665	2,350
Residential Portfolio Segment [Member] \| Originated Loans [Member]
Beginning balance				477				663				741	477	663	741
Provision													302	(33)	21
Recoveries													14	33	35
Charge-offs													(183)	(186)	(134)
Ending balance	610				477				663				610	477	663
Commercial Real Estate Portfolio Segment [Member] \| Originated Loans [Member]
Beginning balance				2,312				1,195				694	2,312	1,195	694
Provision													544	1,099	547
Recoveries														21	5
Charge-offs														(3)	(51)
Ending balance	2,856				2,312				1,195				2,856	2,312	1,195
Commercial Portfolio Segment [Member] \| Originated Loans [Member]
Beginning balance				520				297				117	520	297	117
Provision													170	207	243
Recoveries													25	16	14
Charge-offs															(77)
Ending balance	715				520				297				715	520	297
Consumer Portfolio Segment [Member] \| Originated Loans [Member]
Beginning balance				53				62				35	53	62	35
Provision													(1)	54	76
Recoveries													40	38	17
Charge-offs													(53)	(101)	(66)
Ending balance	39				53				62				39	53	62
Purchased Loans [Member]
Beginning balance				303				133				283	303	133	283
Provision													395	267	787
Recoveries
Charge-offs													(111)	(97)	(937)
Ending balance	587				303				133				587	303	133
Unallocated Financing Receivables [Member]
Beginning balance												$ 56			56
Provision															(56)
Recoveries
Charge-offs
Ending balance

Note 3 - Loans, Allowance for Loan Losses and Credit Quality - Allowance for Loan Losses by Portfolio Segment and Impairment Methodology (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2015
Allowance for loan losses, individually evaluated	$ 587	$ 552
Allowance for loan losses, collectively evaluated	3,633	2,810
Allowance for loan losses, ASC 310-30	587	303
Allowance for loan losses	4,807	3,665	$ 2,350	$ 1,926
Loans, individually evaluated	11,864	10,425
Loans, collectively evaluated	568,966	522,382
Loans, ASC 310-30	290,972	246,388
Loans	871,802	779,195
Originated Loans [Member]
Loans	580,830	532,807
Residential Portfolio Segment [Member]
Loans	100,256	101,168
Residential Portfolio Segment [Member] \| Originated Loans [Member]
Allowance for loan losses, individually evaluated	322	252
Allowance for loan losses, collectively evaluated	288	225
Allowance for loan losses, ASC 310-30
Allowance for loan losses	610	477	663	741
Loans, individually evaluated	5,682	5,676
Loans, collectively evaluated	80,648	92,014
Loans, ASC 310-30
Loans	86,330	97,690
Commercial Real Estate Portfolio Segment [Member]
Loans	579,450	498,004
Commercial Real Estate Portfolio Segment [Member] \| Originated Loans [Member]
Allowance for loan losses, individually evaluated	139	147
Allowance for loan losses, collectively evaluated	2,717	2,165
Allowance for loan losses, ASC 310-30
Allowance for loan losses	2,856	2,312	1,195	694
Loans, individually evaluated	2,882	1,759
Loans, collectively evaluated	300,517	254,521
Loans, ASC 310-30
Loans	303,399	256,280
Commercial Portfolio Segment [Member]
Loans	188,852	175,654
Commercial Portfolio Segment [Member] \| Originated Loans [Member]
Allowance for loan losses, individually evaluated	120	149
Allowance for loan losses, collectively evaluated	595	371
Allowance for loan losses, ASC 310-30
Allowance for loan losses	715	520	297	117
Loans, individually evaluated	3,008	2,694
Loans, collectively evaluated	184,849	171,774
Loans, ASC 310-30
Loans	187,857	174,468
Consumer Portfolio Segment [Member]
Loans	3,244	4,369
Consumer Portfolio Segment [Member] \| Originated Loans [Member]
Allowance for loan losses, individually evaluated	6	4
Allowance for loan losses, collectively evaluated	33	49
Allowance for loan losses, ASC 310-30
Allowance for loan losses	39	53	62	35
Loans, individually evaluated	292	296
Loans, collectively evaluated	2,952	4,073
Loans, ASC 310-30
Loans	3,244	4,369
Purchased Loans [Member]
Allowance for loan losses, individually evaluated
Allowance for loan losses, collectively evaluated
Allowance for loan losses, ASC 310-30	587	303
Allowance for loan losses	587	303	133	283
Loans, individually evaluated
Loans, collectively evaluated
Loans, ASC 310-30	290,972	246,388
Loans	290,972	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				$ 56
Loans, individually evaluated
Loans, collectively evaluated
Loans, ASC 310-30
Loans

Note 3 - Loans, Allowance for Loan Losses and Credit Quality - Impaired Loans (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2016
Recorded investment, with no related allowance	$ 14,386	$ 16,315
Unpaid principal balance, with no related allowance	20,601	19,211
Recorded investment, with related allowance	9,486	7,516
Unpaid principal balance, with related allowance	10,128	7,899
Related allowance	1,174	783
Recorded investment	23,872	23,831
Unpaid principal balance	30,729	27,110
Average recorded investment, with no related allowance	17,211	13,237	$ 10,512
Interest income recognized, with no related allowance	675	440	400
Average recorded investment, with related allowance	8,868	5,297	4,440
Interest income recognized, with related allowance	449	325	245
Average recorded investment	26,079	18,534	14,952
Interest income recognized	1,124	765	645
Originated Loans [Member] \| Residential Portfolio Segment [Member]
Recorded investment, with no related allowance	3,162	4,052
Unpaid principal balance, with no related allowance	3,154	4,084
Recorded investment, with related allowance	2,520	1,624
Unpaid principal balance, with related allowance	2,497	1,595
Related allowance	322	252
Average recorded investment, with no related allowance	3,697	3,775	2,584
Interest income recognized, with no related allowance	94	106	151
Average recorded investment, with related allowance	2,120	1,798	1,984
Interest income recognized, with related allowance	159	117	96
Originated Loans [Member] \| Commercial Real Estate Portfolio Segment [Member]
Recorded investment, with no related allowance	1,641	359
Unpaid principal balance, with no related allowance	1,634	354
Recorded investment, with related allowance	1,241	1,400
Unpaid principal balance, with related allowance	1,233	1,388
Related allowance	139	147
Average recorded investment, with no related allowance	2,054	454	978
Interest income recognized, with no related allowance	183	19	31
Average recorded investment, with related allowance	1,379	1,219	1,056
Interest income recognized, with related allowance	92	100	63
Originated Loans [Member] \| Commercial Portfolio Segment [Member]
Recorded investment, with no related allowance	2,401	1,870
Unpaid principal balance, with no related allowance	2,401	1,870
Recorded investment, with related allowance	607	824
Unpaid principal balance, with related allowance	607	824
Related allowance	120	149
Average recorded investment, with no related allowance	1,904	1,195	9
Interest income recognized, with no related allowance	105	33
Average recorded investment, with related allowance	753	532	1
Interest income recognized, with related allowance	6	13
Originated Loans [Member] \| Consumer Portfolio Segment [Member]
Recorded investment, with no related allowance	271	250
Unpaid principal balance, with no related allowance	296	271
Recorded investment, with related allowance	21	46
Unpaid principal balance, with related allowance	22	55
Related allowance	6	4
Average recorded investment, with no related allowance	271	225	255
Interest income recognized, with no related allowance	18	14	27
Average recorded investment, with related allowance	33	77	53
Interest income recognized, with related allowance	2	7	3
Purchased Loans [Member] \| Residential Portfolio Segment [Member]
Recorded investment, with no related allowance	202	1,056
Unpaid principal balance, with no related allowance	420	1,099
Average recorded investment, with no related allowance	489	1,086	563
Interest income recognized, with no related allowance		1	51
Average recorded investment, with related allowance	66
Interest income recognized, with related allowance	1
Purchased Loans [Member] \| Commercial Real Estate Portfolio Segment [Member]
Recorded investment, with no related allowance	6,601	8,696
Unpaid principal balance, with no related allowance	11,276	11,468
Recorded investment, with related allowance	4,748	3,528
Unpaid principal balance, with related allowance	5,362	3,929
Related allowance	280	176
Average recorded investment, with no related allowance	8,754	6,474	6,123
Interest income recognized, with no related allowance	275	267	140
Average recorded investment, with related allowance	4,266	1,636	1,346
Interest income recognized, with related allowance	186	86	83
Purchased Loans [Member] \| Commercial Portfolio Segment [Member]
Recorded investment, with no related allowance	108	32
Unpaid principal balance, with no related allowance	1,420	65
Recorded investment, with related allowance	349	94
Unpaid principal balance, with related allowance	407	108
Related allowance	307	55
Average recorded investment, with no related allowance	42	28
Interest income recognized, with no related allowance
Average recorded investment, with related allowance	251	35
Interest income recognized, with related allowance	$ 3	$ 2

Note 3 - Loans, Allowance for Loan Losses and Credit Quality - Loans by Risk Rating (Details) - USD ($)
$ in Thousands

Jun. 30, 2018

Jun. 30, 2017

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

$ 796,682

$ 688,069

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

303,399

256,281

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

187,857

174,468

^[1]

14,454

10,932

Purchased Loans [Member]

290,972

246,388

Pass [Member]

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

774,866

664,220

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

298,200

253,041

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

184,024

171,160

Pass [Member] | Purchased Loans [Member]

^[1]

13,531

10,039

279,111

229,980

Special Mention [Member]

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

11,702

14,862

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

3,505

2,686

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

2,198

2,483

Special Mention [Member] | Purchased Loans [Member]

^[1]

100

5,899

9,622

Substandard [Member]

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

10,114

8,968

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

1,694

554

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

1,635

825

Substandard [Member] | Purchased Loans [Member]

^[1]

823

803

5,962

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]

Unpaid Principal Balance, 2018

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

Note 3 - Loans, Allowance for Loan Losses and Credit Quality - TDRs by Type of Modification (Details) $ in Thousands	12 Months Ended
	Jun. 30, 2018 USD ($)	Jun. 30, 2017 USD ($)
Number of Contracts	17	23
Recorded Investment	$ 5,846	$ 8,256
Extended Maturity [Member]
Number of Contracts	3	9
Recorded Investment	$ 73	$ 4,537
Contractual Interest Rate Reduction [Member]
Number of Contracts	1	6
Recorded Investment	$ 15	$ 424
Rate and Maturity [Member]
Number of Contracts	4	5
Recorded Investment	$ 2,302	$ 1,317
Principal Forgiveness [Member]
Number of Contracts	8	3
Recorded Investment	$ 3,362	$ 1,978
Court Ordered Concession [Member]
Number of Contracts	1
Recorded Investment	$ 94

Note 3 - Loans, Allowance for Loan Losses and Credit Quality - TDRs Pre- and Post-modification (Details) $ in Thousands	12 Months Ended
	Jun. 30, 2018 USD ($)	Jun. 30, 2017 USD ($)
Number of Contracts	17	23
Recorded Investment Pre-Modification	$ 5,754	$ 8,015
Recorded Investment	$ 5,846	$ 8,256
Originated Loans [Member]
Number of Contracts	14	13
Recorded Investment Pre-Modification	$ 4,665	$ 3,026
Recorded Investment	$ 4,734	$ 3,216
Purchased Loans [Member]
Number of Contracts	3	10
Recorded Investment Pre-Modification	$ 1,089	$ 4,989
Recorded Investment	$ 1,112	$ 5,040
Residential Portfolio Segment [Member] \| Originated Loans [Member]
Number of Contracts	8	9
Recorded Investment Pre-Modification	$ 707	$ 964
Recorded Investment	$ 709	$ 1,084
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	5	2
Recorded Investment Pre-Modification	$ 3,303	$ 195
Recorded Investment	$ 3,370	$ 195
Commercial Real Estate Portfolio Segment [Member] \| Purchased Loans [Member]
Number of Contracts	2	9
Recorded Investment Pre-Modification	$ 820	$ 4,895
Recorded Investment	$ 844	$ 4,946
Commercial Portfolio Segment [Member] \| Originated Loans [Member]
Number of Contracts	1	2
Recorded Investment Pre-Modification	$ 655	$ 1,867
Recorded Investment	$ 655	$ 1,937
Commercial Portfolio Segment [Member] \| Purchased Loans [Member]
Number of Contracts	1	1
Recorded Investment Pre-Modification	$ 269	$ 94
Recorded Investment	$ 268	$ 94
Consumer Portfolio Segment [Member] \| Originated Loans [Member]
Number of Contracts
Recorded Investment Pre-Modification
Recorded Investment

Note 3 - Loans, Allowance for Loan Losses and Credit Quality - Loans Acquired Accounted for Under ASC 310-30 (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2016
Contractually required payments receivable	$ 179,726	$ 175,274	$ 148,394
Nonaccretable difference	(4,321)	(4,518)	(2,050)
Cash flows expected to be collected	175,405	170,756	146,344
Accretable yield	(51,294)	(57,949)	(46,345)
Fair value of loans acquired	$ 124,111	$ 112,807	$ 99,999

Note 3 - Loans, Allowance for Loan Losses and Credit Quality - Loans Acquired Not Accounted for Using the Income Recognition Model (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2016
Loans acquired during the period	$ 820	$ 1,850	$ 424
Loans at end of period	5,278	6,582	4,512
Beginning balance	131,197	124,151	111,449
Acquisitions	51,294	57,949	46,345
Accretion	(17,947)	(18,468)	(16,900)
Reclassifications from nonaccretable difference to accretable yield	5,827	6,109	7,079
Disposals and other changes	(32,193)	(38,544)	(23,822)
Ending balance	$ 138,178	$ 131,197	$ 124,151

Note 3 - Loans, Allowance for Loan Losses and Credit Quality - Unpaid Principal Balance and Carrying Amounts of ASC 310-30 Loans (Details) - USD ($)	Jun. 30, 2018	Jun. 30, 2017
Unpaid principal balance	$ 318,876	$ 271,709
Carrying amount	$ 284,317	$ 239,583

Note 4 - Transfers and Servicing of Financial Assets (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2015
Servicing Asset at Amortized Cost, Ending Balance	$ 2,970	$ 2,846
Contractually Specified Servicing Fees, Amount	$ 817	988	$ 649
Assumption for Fair Value of Assets or Liabilities that relate to Transferor's Continuing Involvement, Prepayment Speed	10.60%
Minimum [Member]
Assumption for Fair Value of Assets or Liabilities that relate to Transferor's Continuing Involvement, Discount Rate	9.00%
Maximum [Member]
Assumption for Fair Value of Assets or Liabilities that relate to Transferor's Continuing Involvement, Discount Rate	16.00%
Mortgage Loans [Member]
Proceeds from Sale of Loans Held-for-investment	$ 63,800	74,700
Mortgage Servicing Rights [Member]
Proceeds from Sale of Mortgage Servicing Rights (MSR)	8,700	10,700
Commercial Loan [Member]
Proceeds from Sale of Mortgage Servicing Rights (MSR)	32,200	25,200
SBA [Member]
Servicing Asset at Amortized Cost, Ending Balance	2,970	2,839	$ 1,754	$ 1,077
Proceeds from Sale of Loans Held-for-investment	29,200	53,800
Proceeds from Sale of Mortgage Servicing Rights (MSR)	$ 162,000	$ 144,400

Note 4 - Transfers and Servicing of Financial Assets - SBA Servicing Rights Activities (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2016
Balance	$ 2,846
Balance	2,970	$ 2,846
SBA [Member]
Balance	2,839	1,754	$ 1,077
Additions	931	1,529	1,230
Disposals			(38)
Amortization	(769)	(224)	(52)
Impairment	(31)	(220)	(463)
Balance	$ 2,970	$ 2,839	$ 1,754

Note 5 - Premises and Equipment (Details Textual) - USD ($) $ in Millions	12 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2016
Depreciation, Depletion and Amortization, Total	$ 1.3	$ 1.4	$ 1.6

Note 5 - Premises and Equipment - Premises and Equipment (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
Property, plant and equipment, gross	$ 16,714	$ 15,796
Less accumulated depreciation	10,123	8,859
Premises and equipment, net	6,591	6,937
Land [Member]
Property, plant and equipment, gross	767	767
Building [Member]
Property, plant and equipment, gross	$ 1,702	1,755
Property, plant and equipment, useful life (Year)	39 years
Assets Held under Capital Leases [Member]
Property, plant and equipment, gross	$ 1,850	1,850
Leaseholds and Leasehold Improvements [Member]
Property, plant and equipment, gross	$ 3,646	3,150
Leaseholds and Leasehold Improvements [Member] \| Minimum [Member]
Property, plant and equipment, useful life (Year)	5 years
Leaseholds and Leasehold Improvements [Member] \| Maximum [Member]
Property, plant and equipment, useful life (Year)	39 years
Furniture and Fixtures [Member]
Property, plant and equipment, gross	$ 8,749	$ 8,274
Furniture and Fixtures [Member] \| Minimum [Member]
Property, plant and equipment, useful life (Year)	3 years
Furniture and Fixtures [Member] \| Maximum [Member]
Property, plant and equipment, useful life (Year)	7 years

Note 6 - Intangible Assets (Details Textual) - Core Deposits [Member]	12 Months Ended
	Jun. 30, 2018
Finite-Lived Intangible Asset, Useful Life	9 years 182 days
Finite-Lived Intangible Assets, Remaining Amortization Period	2 years

Note 6 - Intangible Assets - Changes in the Carrying Amount of the Core Deposit Intangible (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2016
Amortization	$ (433)	$ (432)	$ (477)
Core Deposits [Member]
Balance	1,300	1,732	2,209
Amortization	(433)	(432)	(477)
Balance	$ 867	$ 1,300	$ 1,732

Note 6 - Intangible Assets - Components of Core Deposit (Details) - Core Deposits [Member] - USD ($) $ in Thousands	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2015
Gross carrying amount	$ 6,348	$ 6,348
Accumulated amortization	(5,481)	(5,048)
Total	$ 867	$ 1,300	$ 1,732	$ 2,209

Note 6 - Intangible Assets - Annual Amortization Expense Associated with the Core Deposit Intangible (Details) - Core Deposits [Member] - USD ($) $ in Thousands	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2015
2019	$ 433
2020	434
Total	$ 867	$ 1,300	$ 1,732	$ 2,209

Note 7 - Deposits (Details Textual) - USD ($) $ in Thousands	Jun. 30, 2018	Jun. 30, 2017
Time Deposits, at or Above FDIC Insurance Limit	$ 0	$ 0

Note 7 - Deposits - Composition of Deposits (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Jun. 30, 2017
Demand	$ 72,272	$ 69,827
NOW	73,347	71,247
Money market	420,886	374,569
Regular savings	36,290	37,170
Time	352,145	337,037
Total deposits	$ 954,940	$ 889,850

Note 7 - Deposits - Scheduled Maturities of Time Certificates by Fiscal Year (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Jun. 30, 2017
2019	$ 248,119
2020	63,986
2021	22,263
2022	12,606
2023	5,171
Thereafter
Total	$ 352,145	$ 337,037

Note 8 - Borrowings (Details Textual) $ in Thousands	12 Months Ended
Note 8 - Borrowings (Details Textual) $ in Thousands	Jun. 30, 2018 USD ($)
Debt Instrument, Term	15 years
Capital Leases Present Value of Payments as Percentage of Fair Value of Property	90.00%
Federal Home Loan Bank of Boston [Member]
Federal Home Loan Bank Advances Unpaid Principal Balance, Subject to Call Provisions	$ 0
Federal Home Loan Bank, Advances, General Debt Obligations, Amount of Available, Unused Funds	$ 48,700

Note 8 - Borrowings - Advances from FHLBB (Details) - USD ($)
$ in Thousands

Jun. 30, 2018

Jun. 30, 2017

$ 20,000

Carrying Amount, 2018

^[1]

$ 20,011

Weighted Average Interest Rate, 2018

0.00%

1.94%

Unpaid Principal Balance, 2019

$ 15,000

Carrying Amount, 2019

$ 15,000

Weighted Average Interest Rate, 2019

2.05%

0.00%

Unpaid Principal Balance

$ 15,000

$ 20,000

Carrying Amount

^[1]

$ 15,000

$ 20,011

Weighted Average [Member]

Weighted Average Interest Rate

2.05%

1.94%

[1]	The difference between the carrying amount and the unpaid principal balance is the result of purchase accounting. The premium or discount is being amortized or accreted as interest expense over the instrument's contractual life.

Note 8 - Borrowings - Outstanding Capital Lease Obligations (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Jun. 30, 2017
2019	$ 306
2020	306
2021	25
Total	637
Imputed interest	(32)
Capital lease obligation	$ 605	$ 873

Note 9 - Subordinated Debt (Details Textual) $ in Thousands, $ / shares in Millions		12 Months Ended
	Jun. 29, 2016 USD ($)	Jun. 30, 2018 USD ($) $ / shares	Jun. 30, 2017 USD ($)	Jun. 30, 2016 USD ($)	Jun. 30, 2015	Mar. 31, 2015 USD ($)	Oct. 31, 2014 USD ($)
Derivative, Notional Amount		$ 47,000	$ 31,000
Subordinated Debt, Ending Balance	$ 15,050	23,958	23,620
Subordinated Borrowing, Interest Rate	6.75%
Subordinated Debt, Percentage of Purchase Price to Face Value of Notes Issued	100.00%
Amortization of Debt Issuance Costs		$ 110	110
Subordinated Debt, Percentage of Redemption Price to Outstanding Principal	100.00%
Interest Rate Cap [Member] \| Cash Flow Hedging [Member]
Derivative, Number of Instruments Held, Total					2
Derivative, Notional Amount						$ 10,000	$ 6,000
Derivative, Remaining Maturity		5 years
NBN Capital Trusts [Member] \| Interest Rate Cap [Member] \| Cash Flow Hedging [Member]
Derivative, Cap Interest Rate		2.50%
Debt Instrument, Percentage Increase in Variable Rate Basis for Recognition of Higher Interest Expense		2.00%
Subordinated Debt [Member]
Debt Issuance Costs, Net, Total	$ 552
Amortization of Debt Issuance Costs		$ 110	$ 331
London Interbank Offered Rate (LIBOR) [Member] \| NBN Capital Trust III Debenture maturing March 30, 2034 [Member]
Debt Instrument, Basis Spread on Variable Rate		2.80%
London Interbank Offered Rate (LIBOR) [Member] \| NBN Capital Trust IV Debenture maturing February 23, 2035 [Member]
Debt Instrument, Basis Spread on Variable Rate		1.89%
London Interbank Offered Rate (LIBOR) [Member] \| Subordinated Debt [Member]
Debt Instrument, Basis Spread on Variable Rate	5.57%
NBN Captial Trust III [Member]
Common Securities of Trust	$ 93
NBN Captial Trust IV [Member]
Common Securities of Trust	$ 310
NBN Captial Trust IV [Member] \| Trust Preferred Securities Subject to Mandatory Redemption [Member]
Trust Preferred Securities, Interest Rate		2.54%
Trust Preferred Securities, Liquidation Amount \| $ / shares		$ 1
NBN Capital Trust II [Member] \| Trust Preferred Securities Subject to Mandatory Redemption [Member]
Trust Preferred Securities, Interest Rate		3.45%
Trust Preferred Securities, Liquidation Amount \| $ / shares		$ 1

Note 9 - Subordinated Debt - Junior Subordinated Debentures (Details) - Trust Preferred Securities Subject to Mandatory Redemption [Member] - USD ($)
$ in Thousands

Jun. 30, 2018

Jun. 30, 2017

Unpaid Principal Balance of Private Trust Securities Issued

$ 16,496

Carrying Amount of Junior Subordinated Debentures Issued to Affiliated Trusts

^[1]

9,238

9,011

NBN Capital Trust II [Member]

Unpaid Principal Balance of Private Trust Securities Issued

3,093

Carrying Amount of Junior Subordinated Debentures Issued to Affiliated Trusts

^[1]

1,940

1,901

NBN Captial Trust III [Member]

Unpaid Principal Balance of Private Trust Securities Issued

3,093

Carrying Amount of Junior Subordinated Debentures Issued to Affiliated Trusts

^[1]

1,940

1,901

NBN Captial Trust IV [Member]

Unpaid Principal Balance of Private Trust Securities Issued

10,310

Carrying Amount of Junior Subordinated Debentures Issued to Affiliated Trusts

^[1]

$ 5,358

$ 5,209

[1]	The difference between the carrying amount and the unpaid principal balance is the result of purchase accounting. The premium or discount is being amortized or accreted as interest expense over the instrument's contractual life.

Note 10 - Capital and Regulatory Matters (Details Textual)	Jun. 30, 2018	Jun. 30, 2017
Tier One Leverage Capital Required for Capital Adequacy to Average Assets	4.00%	4.00%
Capital Required for Capital Adequacy to Risk Weighted Assets	8.00%	8.00%
Percentage of Loans Funded with Core Deposits	100.00%
Minimum [Member]
Tier One Leverage Capital Required for Capital Adequacy to Average Assets	10.00%
Capital Required for Capital Adequacy to Risk Weighted Assets	15.00%
Maximum [Member]
Purchased Loans as Percentage of Aggregate Loans	40.00%
Commercial Real Estate Loans Held as Percentage of Risk Based Capital	300.00%

Note 10 - Capital and Regulatory Matters - Regulatory Capital Ratios (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Jun. 30, 2017
Common equity Tier 1 Capital	$ 139,247	$ 123,442
Common Equity Tier 1 Risk Based Capital to Risk Weighted Assets	16.02%	16.00%
Common Equity Tier 1 Risk Based Capital Required for Capital Adequacy	$ 39,113	$ 34,714
Common Equity Tier 1 Risk Based Capital Required for Capital Adequacy to Risk Weighted Assets	4.50%	4.50%
Common Equity Tier 1 Capital to Risk Weighted Assets With Capital Conservation Buffer	7.00%	7.00%
Capital	$ 167,567	$ 150,269
Capital to Risk Weighted Assets	19.28%	19.48%
Capital Required for Capital Adequacy	$ 69,535	$ 61,715
Capital Required for Capital Adequacy to Risk Weighted Assets	8.00%	8.00%
Capital to Risk Weighted Assets With Capital Conservation Buffer	10.50%	10.50%
Tier One Risk Based Capital	$ 147,990	$ 131,958
Tier One Risk Based Capital to Risk Weighted Assets	17.03%	17.11%
Tier One Risk Based Capital Required for Capital Adequacy	$ 52,151	$ 46,286
Tier One Risk Based Capital Required for Capital Adequacy to Risk Weighted Assets	6.00%	6.00%
Tier 1 Capital to Risk Weighted Assets With Capital Conservation Buffer	8.50%	8.50%
Tier One Leverage Capital	$ 147,990	$ 131,958
Tier One Leverage Capital to Average Assets	13.12%	12.81%
Tier One Leverage Capital Required for Capital Adequacy	$ 45,102	$ 41,215
Tier One Leverage Capital Required for Capital Adequacy to Average Assets	4.00%	4.00%
Tier 1 Capital to Average Assets With Capital Conservation Buffer	4.00%	4.00%
The Bank [Member]
Common equity Tier 1 Capital	$ 156,856	$ 138,744
Common Equity Tier 1 Risk Based Capital to Risk Weighted Assets	18.04%	17.98%
Common Equity Tier 1 Risk Based Capital Required for Capital Adequacy	$ 39,120	$ 34,727
Common Equity Tier 1 Risk Based Capital Required for Capital Adequacy to Risk Weighted Assets	4.50%	4.50%
Common Equity Tier 1 Capital to Risk Weighted Assets With Capital Conservation Buffer	7.00%	7.00%
Common Equity Tier 1 Risk Based Capital Required to be Well Capitalized	$ 56,506	$ 50,162
Common Equity Tier 1 Risk Based Capital Required to be Well Capitalized to Risk Weighted Assets	6.50%	6.50%
Capital	$ 161,714	$ 142,447
Capital to Risk Weighted Assets	18.60%	18.46%
Capital Required for Capital Adequacy	$ 69,546	$ 61,737
Capital Required for Capital Adequacy to Risk Weighted Assets	8.00%	8.00%
Capital to Risk Weighted Assets With Capital Conservation Buffer	10.50%	10.50%
Capital Required to be Well Capitalized	$ 86,933	$ 77,172
Capital Required to be Well Capitalized to Risk Weighted Assets	10.00%	10.00%
Tier One Risk Based Capital	$ 156,856	$ 138,744
Tier One Risk Based Capital to Risk Weighted Assets	18.04%	17.98%
Tier One Risk Based Capital Required for Capital Adequacy	$ 52,160	$ 46,303
Tier One Risk Based Capital Required for Capital Adequacy to Risk Weighted Assets	6.00%	6.00%
Tier 1 Capital to Risk Weighted Assets With Capital Conservation Buffer	8.50%	8.50%
Tier One Risk Based Capital Required to be Well Capitalized	$ 69,546	$ 61,737
Tier One Risk Based Capital Required to be Well Capitalized to Risk Weighted Assets	8.00%	8.00%
Tier One Leverage Capital	$ 156,856	$ 138,744
Tier One Leverage Capital to Average Assets	13.92%	13.46%
Tier One Leverage Capital Required for Capital Adequacy	$ 45,075	$ 41,238
Tier One Leverage Capital Required for Capital Adequacy to Average Assets	4.00%	4.00%
Tier 1 Capital to Average Assets With Capital Conservation Buffer	4.00%	4.00%
Tier One Leverage Capital Required to be Well Capitalized	$ 56,344	$ 51,547
Tier One Leverage Capital Required to be Well Capitalized to Average Assets	5.00%	5.00%

Note 11 - Earnings Per Common Share (EPS) - Number of Shared Outstanding for Basic and Diluted EPS (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended												12 Months Ended
	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2016
Net income	$ 4,344	$ 3,932	$ 3,304	$ 4,586	$ 4,027	$ 3,461	$ 3,100	$ 1,751	$ 2,199	$ 1,809	$ 1,744	$ 1,867	$ 16,166	$ 12,339	$ 7,619
Basic (in shares)													8,906,710	8,898,448	9,474,999
Incremental shares from assumed exercise of dilutive securities (in shares)													222,442	54,166	9,636
Weighted average shares used in calculation of diluted earnings per share (in shares)													9,089,936	8,952,614	9,484,635
Basic (in dollars per share)	$ 0.49	$ 0.44	$ 0.37	$ 0.52	$ 0.46	$ 0.39	$ 0.35	$ 0.19	$ 0.24	$ 0.19	$ 0.18	$ 0.20	$ 1.81	$ 1.39	$ 0.80
Diluted (in dollars per share)	$ 0.48	$ 0.43	$ 0.36	$ 0.50	$ 0.45	$ 0.39	$ 0.35	$ 0.19	$ 0.24	$ 0.19	$ 0.18	$ 0.20	$ 1.77	$ 1.38	$ 0.80

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

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The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.

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Allowance for loan losses

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References + Details

Note 11 - Earnings Per Common Share (EPS) - Average Anti-dilutive Options and Warrants (Details) - shares	12 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2016
Employee Stock Option [Member]
Stock options (in shares)		642,641	714,545

Note 12 - Income Taxes (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2016
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	28.00%	35.00%	35.00%
Provision for Loan Losses Expensed	$ 2,000
Percentage of Amount Actually Used for Purposes Other Than to Absorb Losses Subject to Taxation in Year in Which Used	130.00%
Percentage of Reserve for Loan Losses Recaptured	100.00%
Adjustments to Deferred Tax Assets, Compensation, IRC 162	$ 97

Note 12 - Income Taxes - Current and Deferred Components of Income Tax Expense (Details) - USD ($) $ in Thousands	3 Months Ended												12 Months Ended
	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2016
Federal													$ 4,133	$ 7,071	$ 1,544
State													1,606	1,753	438
Total current provision													5,739	8,824	1,982
Federal													1,189	(792)	1,761
State													103	(233)	361
Total deferred expense (benefit)													498	(1,025)	2,122
Total tax provision	$ 2,291	$ 1,745	$ 1,381	$ 1,615	$ 2,867	$ 2,080	$ 1,839	$ 1,013	$ 1,212	$ 832	$ 960	$ 1,100	$ 7,031	$ 7,799	$ 4,104

Note 12 - Income Taxes - Reconciliation Between the Statutory Federal Income Tax Rate and the Effective Income Tax Rate (Details) - USD ($) $ in Thousands	3 Months Ended												12 Months Ended
	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2016
Expected income tax expense at federal tax rate													$ 6,509	$ 7,048	$ 3,986
State tax, net of federal tax benefit													1,231	988	527
Non-taxable BOLI income													(124)	(159)	(153)
Low-income housing tax credit, net of adoption of ASU 2014-01													(37)	(40)	(42)
Tax exempt interest income													(5)	(76)	(76)
Stock compensation excess tax benefits (ASU 2016-09)													(1,266)
Statutory rate change													497
Other													226	38	(138)
Income tax expense	$ 2,291	$ 1,745	$ 1,381	$ 1,615	$ 2,867	$ 2,080	$ 1,839	$ 1,013	$ 1,212	$ 832	$ 960	$ 1,100	$ 7,031	$ 7,799	$ 4,104

Note 12 - Income Taxes - Deferred Tax Assets (Details) - USD ($)
$ in Thousands

Jun. 30, 2018

^[1]

Jun. 30, 2017

^[2]

$ 1,315

$ 1,462

Loan basis differential

931

1,242

Capital lease

166

348

Compensation and benefits

252

1,425

Stock-based compensation

863

1,651

Unrealized loss on derivatives

224

640

Unrealized loss on available for sale securities

428

360

Interest on nonperforming loans

349

418

Derivative basis differential

Other

406

585

Gross deferred tax asset

4,975

8,131

Less: valuation allowance

Total deferred tax assets

4,975

8,131

Intangible assets

237

519

Prepaid expenses

433

385

Premises and equipment

707

926

Borrowings basis differential

1,939

2,943

Other

812

1,135

Total deferred tax liability

4,128

5,908

Net deferred tax asset

$ 847

$ 2,223

[1]	2018 balances reflect a statutory rate of 21%
[2]	2017 balances reflect a statutory rate of 35%

Note 12 - Income Taxes - Uncertain Tax Positions (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2016
Balance, tax positions	$ 0	$ 67	$ 109
Reduction of tax positions for prior years, tax positions		(67)	(42)
Increase for prior year tax position, tax positions	0	0
Increase for current year tax position, tax positions	0	0	0
Balance, tax positions	0	0	67
Balance, interest and penalties		14	18
Reduction of tax positions for prior years, interest and penalties		(14)	(4)
Increase for prior year tax position, interest and penalties	0	0
Increase for current year tax position, interest and penalties	0	0	0
Balance, interest and penalties	0		14
Balance		81	127
Reduction of tax positions for prior years		(81)	(46)
Increase for prior year tax position	0	0
Increase for current year tax position	0	0	0
Balance	$ 0		$ 81

Note 13 - Employee Benefit Plans (Details Textual) $ in Thousands	12 Months Ended
	Jun. 30, 2018 USD ($)	Jun. 30, 2017 USD ($)	Jun. 30, 2016 USD ($)
Defined Contribution Plan Eligible Age for Participants Under Plan	18 years
Defined Contribution Plan Period of Service for Participants Under Plan	90 days
Defined Contribution Plan, Maximum Annual Contributions Per Employee, Percent	100.00%
Defined Contribution Plan, Employer Match Employee Contribution	50.00%
Defined Contribution Plan, Employer Matching Contribution, Percent of Match	6.00%
Defined Contribution Plan, Cost	$ 340	$ 355	$ 331
Deferred Compensation Arrangement with Individual, Number of Senior Officers	5
Deferred Compensation Arrangement with Individual, Compensation Expense	$ 31	31	31
Deferred Compensation Arrangement with Individual, Recorded Liability	$ 526	$ 540	$ 541

Note 14 - Stock-based Compensation (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2012
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross	0	0
Allocated Share-based Compensation Expense, Total	$ 870	$ 945	$ 613
Employee Service Share-based Compensation, Tax Benefit from Compensation Expense	$ 264	$ 366	$ 215
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period	22,000
Restricted Stock [Member] \| Vests In Three Equal Installments On August 31, 2020 [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period	10,000
Restricted Stock [Member] \| Vests In Three Equal Installments On November 10, 2020 [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period	2,000
Restricted Stock [Member] \| Vests In Three Equal Installments On January 5, 2021 [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period	10,000
Restated Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Additional Shares Authorized				600,000
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized				1,410,054
2010 Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized				810,054

Note 14 - Stock-based Compensation - Stock Option Activity (Details) - $ / shares	12 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018
Outstanding at beginning of year (in shares)	890,866
Outstanding at beginning of year, weighted average exercise price (in dollars per share)	$ 12.43
Granted (in shares)	0	0
Granted, weighted average exercise price (in dollars per share)
Exercised (in shares)	(373,634)
Exercised, weighted average exercise price (in dollars per share)	$ 12.86
Forfeited (in shares)	(81,006)
Forfeited, weighted average exercise price (in dollars per share)	$ 14.52
Outstanding at end of year (in shares)	436,226	890,866
Outstanding at end of year, weighted average exercise price (in dollars per share)	$ 12.46	$ 12.43
Exercisable (in shares)	436,226	506,911	436,226
Exercisable, weighted average exercise price (in dollars per share)			$ 12.46
Exercisable, beginning of year (in shares)	506,911
Exercisable, beginning of year, weighted average exercise price (in dollars per share)	$ 3.18
Vested (in shares)	302,949
Vested, weighted average exercise price (in dollars per share)	$ 2.33
Exercised, weighted average exercise price (in dollars per share)	$ 2.89
Forfeited or expired (in shares)
Forfeited or expired, weighted average exercise price (in dollars per share)
Exercisable, end of year (in shares)	436,226	506,911
Exercisable, end of year, weighted average exercise price (in dollars per share)	$ 2.89	$ 3.18

Note 14 - Stock-based Compensation - Stock Options Outstanding (Details) $ / shares in Units, $ in Thousands	12 Months Ended
	Jun. 30, 2018 USD ($) $ / shares shares
Range One [Member]
Weighted average exercise price of options outstanding (in dollars per share) \| $ / shares	$ 9.30
Number of options outstanding (in shares) \| shares	139,607
Weighted average remaining life of options outstanding (Year)	4 years 215 days
Aggregate intrinsic value of options outstanding \| $	$ 1,734
Weighted average exercise price of options exercisable (in dollars per share) \| $ / shares	$ 9.38
Number of options exercisable (in shares) \| shares	139,607
Weighted average remaining life of options exercisable (Year)	4 years 215 days
Aggregate intrinsic value of options exercisable \| $	$ 1,734
Range Two [Member]
Weighted average exercise price of options outstanding (in dollars per share) \| $ / shares	$ 12.63
Number of options outstanding (in shares) \| shares	5,000
Weighted average remaining life of options outstanding (Year)	3 years 211 days
Aggregate intrinsic value of options outstanding \| $	$ 45
Weighted average exercise price of options exercisable (in dollars per share) \| $ / shares	$ 12.63
Number of options exercisable (in shares) \| shares	5,000
Weighted average remaining life of options exercisable (Year)	3 years 211 days
Aggregate intrinsic value of options exercisable \| $	$ 45
Range Three [Member]
Weighted average exercise price of options outstanding (in dollars per share) \| $ / shares	$ 13.93
Number of options outstanding (in shares) \| shares	291,619
Weighted average remaining life of options outstanding (Year)	2 years 182 days
Aggregate intrinsic value of options outstanding \| $	$ 2,295
Weighted average exercise price of options exercisable (in dollars per share) \| $ / shares	$ 13.93
Number of options exercisable (in shares) \| shares	291,619
Weighted average remaining life of options exercisable (Year)	2 years 182 days
Aggregate intrinsic value of options exercisable \| $	$ 2,295
Range Four [Member]
Weighted average exercise price of options outstanding (in dollars per share) \| $ / shares	$ 12.46
Number of options outstanding (in shares) \| shares	436,226
Weighted average remaining life of options outstanding (Year)	3 years 65 days
Aggregate intrinsic value of options outstanding \| $	$ 4,074
Weighted average exercise price of options exercisable (in dollars per share) \| $ / shares	$ 12.46
Number of options exercisable (in shares) \| shares	436,226
Weighted average remaining life of options exercisable (Year)	3 years 65 days
Aggregate intrinsic value of options exercisable \| $	$ 4,074

Note 14 - Stock-based Compensation - Summary of Restricted Stock Activity (Details) - Restricted Stock [Member]	12 Months Ended
	Jun. 30, 2018 $ / shares shares
Unvested at beginning of period (in shares) \| shares	395,430
Unvested at beginning of period, weighted average grant date fair value (in dollars per share) \| $ / shares	$ 10.69
Granted (in shares) \| shares	22,000
Granted, weighted average grant date fair value (in dollars per share) \| $ / shares	$ 22.41
Vested (in shares) \| shares	(59,093)
Vested, weighted average grant date fair value (in dollars per share) \| $ / shares	$ 9.65
Forfeited (in shares) \| shares	(40,003)
Forfeited, weighted average grant date fair value (in dollars per share) \| $ / shares	$ 10.54
Unvested at end of period (in shares) \| shares	318,334
Unvested at end of period, weighted average grant date fair value (in dollars per share) \| $ / shares	$ 11.71

Note 14 - Stock-based Compensation - Pre-tax Stock-based Compensation Expense (Details) $ in Thousands	12 Months Ended
	Jun. 30, 2018 USD ($)
Project expense, year ended June 30, 2018	$ 939
Project expense, year ended June 30, 2019	575
Project expense, year ended June 30, 2020	355
Project expense, year ended June 30, 2021	165
Project expense, year ended June 30, 2022	37
Project expense, total	2,071
Employee Stock Option [Member]
Project expense, year ended June 30, 2018
Project expense, year ended June 30, 2019
Project expense, year ended June 30, 2020
Project expense, year ended June 30, 2021
Project expense, year ended June 30, 2022
Project expense, total
Restricted Stock [Member]
Project expense, year ended June 30, 2018	939
Project expense, year ended June 30, 2019	575
Project expense, year ended June 30, 2020	355
Project expense, year ended June 30, 2021	165
Project expense, year ended June 30, 2022	37
Project expense, total	$ 2,071

Note 15 - Commitments, Contingent Liabilities and Other Off-balance Sheet Risks (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2016	Mar. 31, 2018
Loss Contingency, Estimate of Possible Loss	$ 52	$ 39
Debt Instrument, Term	15 years
Operating Leases, Rent Expense, Total	$ 1,200	1,200	$ 1,200
Maximum [Member] \| Letter of Credit [Member]
Debt Instrument, Term	1 year
Standby Letters of Credit Risk [Member]
Fair Value Disclosure, Off-balance Sheet Risks, Face Amount, Liability	$ 3,183	3,400
CRA Qualified Investment [Member]
Fair Value Disclosure, Off-balance Sheet Risks, Face Amount, Liability	$ 1,000	1,000	$ 2,500	$ 0
Off-balance Sheet Liability, Funds Called		$ 1,500

Note 15 - Commitments, Contingent Liabilities and Other Off-balance Sheet Risks - Financial Instruments With Contract Amounts That Represent Credit Risk (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Mar. 31, 2018	Jun. 30, 2017	Jun. 30, 2016
Commitments to Originate Loans [Member]
Financial instruments which represent credit risks	$ 20,431		$ 15,244
Unfunded Commitments Under Lines of Credit [Member]
Financial instruments which represent credit risks	29,478		31,858
Standby Letters of Credit Risk [Member]
Financial instruments which represent credit risks	3,183		3,400
CRA Qualified Investment [Member]
Financial instruments which represent credit risks	$ 1,000	$ 0	$ 1,000	$ 2,500

Note 15 - Commitments, Contingent Liabilities and Other Off-balance Sheet Risks - Future Minimum Lease Payments (Details) $ in Thousands	Jun. 30, 2018 USD ($)
2019	$ 1,257
2020	1,256
2021	1,236
2022	1,255
2023	689
Thereafter	1,361
Total	$ 7,054

Note 16 - Other Comprehensive Income (Loss) - Components of Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2016
Change in net unrealized (loss) gain on available-for-sale securities	$ (636)	$ (1,145)	$ 1,033
Change in net unrealized loss on available-for-sale securities, tax	(171)	(434)	393
Change in net unrealized loss on available-for-sale securities, after tax	(465)	(711)	640
Change in accumulated gain (loss) on effective cash flow hedges	750	1,550	(2,032)
Change in accumulated gain on effective cash flow hedges, tax	203	592	(776)
Change in accumulated gain on effective cash flow hedges, after tax	547	958	(1,256)
Reclassification adjustments included in net income	106	43	(3)
Reclassification adjustment included in net income, tax	34	16	(1)
Reclassification adjustment included in net income, after tax	72	27	(2)
Total derivatives and hedging activities, pre tax	856	1,593	(2,035)
Total derivatives and hedging activities, tax expense (benefit)	237	608	(777)
Total derivatives and hedging activities, after tax	619	985	(1,258)
Adoption of ASU 2018-02, tax	283
Adoption of ASU 2018-02, after tax	(283)
Total other comprehensive (loss) income, pre-tax	220	448	(1,002)
Total other comprehensive (loss) income, tax	66	174	(384)
Total other comprehensive (loss) income, after tax	(129)	274
Other comprehensive income (loss), net of tax	$ 154	$ 274	$ (618)

Note 16 - Other Comprehensive Income (Loss) - Components of Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2016
Net-of-tax amount	$ (1,761)	$ (1,632)	$ (1,906)
Accumulated other comprehensive loss	(1,761)	(1,632)	(1,906)
Accumulated Net Investment Gain (Loss) Attributable to Parent [Member]
Unrealized (loss) gain before tax	(1,584)	(948)	197
Tax effect	428	360	(75)
Net-of-tax amount	(1,156)	(588)	122
Accumulated other comprehensive loss	(1,156)	(588)	122
Accumulated Gain (Loss), Net, Cash Flow Hedge, Parent [Member]
Unrealized (loss) gain before tax	(827)	(1,683)	(3,276)
Tax effect	222	639	1,248
Net-of-tax amount	(605)	(1,044)	(2,028)
Accumulated other comprehensive loss	$ (605)	$ (1,044)	$ (2,028)

Note 17 - Derivatives (Details Textual) xbrli-pure in Thousands, $ in Millions	12 Months Ended
	Jun. 30, 2018 USD ($)	Jun. 30, 2017 USD ($)	Jun. 30, 2016
Derivative, Collateral, Right to Reclaim Cash	$ 0.8	$ 1.7
Interest Rate Cap [Member]
Derivative, Number of Contracts Terminated Prior to Maturity	0	0	0
Interest Rate Swap [Member]
Derivative, Number of Contracts Terminated Prior to Maturity	0	0	0

Note 17 - Derivatives - Interest Rate Caps and Swap Agreements Used to Hedge Variable Rate Debt (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
Notional Amount	$ 47,000	$ 31,000
Unrealized Loss	(827)	(1,683)
Fair Value	(589)	(1,337)
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	2.05%	1.30%
Pay Rate	3.38%	3.38%
Strike Rate
Unrealized Loss	$ (293)	$ (666)
Fair Value	(293)	(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	2.05%	1.30%
Pay Rate	3.23%	3.23%
Strike Rate
Unrealized Loss	$ (154)	$ (471)
Fair Value	(154)	(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	2.05%	1.30%
Pay Rate	2.77%	2.77%
Strike Rate
Unrealized Loss	$ 15	$ (218)
Fair Value	15	(218)
Interest Rate Swaps Terminating in February 2030 [Member] \| Other Liabilities [Member]
Notional Amount	$ 6,000
Index	3 Mo. LIBOR
Receive Rate	5.14%
Pay Rate	5.88%
Strike Rate
Unrealized Loss	$ (81)
Fair Value	(81)
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
Strike Rate	2.50%	2.50%
Unrealized Loss	$ (91)	$ (142)
Fair Value	15	4
Interest Rate Swaps Terminating in September 2029 [Member] \| Other Liabilities [Member]
Notional Amount	$ 10,000
Index	3 Mo. LIBOR
Receive Rate	4.23%
Pay Rate	4.98%
Strike Rate
Unrealized Loss	$ (140)
Fair Value	(140)
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
Strike Rate	2.50%	2.50%
Unrealized Loss	$ (83)	$ (186)
Fair Value	$ 49	$ 14

Note 17 - Derivatives - Amounts Recognized in Income Related to Both Hedge Ineffectiveness and Amounts Excluded from Effectiveness Testing (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2016
Interest income (expense) on hedge ineffectiveness and excluded from effectiveness testing	$ (106)	$ (43)	$ 3
Interest Rate Cap [Member]
Interest income (expense) on hedge ineffectiveness and excluded from effectiveness testing	(106)	(43)	3
Interest Rate Swap [Member]
Interest income (expense) on hedge ineffectiveness and excluded from effectiveness testing

Note 18 - Fair Value Measurements (Details Textual)	12 Months Ended
Note 18 - Fair Value Measurements (Details Textual)	Jun. 30, 2018
Valuation, Market Approach [Member] \| Minimum [Member]
Fair Value Inputs, Underlying Collateral On Impaired Loans	20.00%
Valuation, Market Approach [Member] \| Maximum [Member]
Fair Value Inputs, Underlying Collateral On Impaired Loans	100.00%
Valuation Technique, Discounted Cash Flow [Member] \| Minimum [Member] \| Measurement Input, Constant Prepayment Rate [Member]
Servicing Asset, Measurement Input	0.079
Valuation Technique, Discounted Cash Flow [Member] \| Minimum [Member] \| Measurement Input, Discount Rate [Member]
Servicing Asset, Measurement Input	0.073
Valuation Technique, Discounted Cash Flow [Member] \| Maximum [Member] \| Measurement Input, Constant Prepayment Rate [Member]
Servicing Asset, Measurement Input	0.145
Valuation Technique, Discounted Cash Flow [Member] \| Maximum [Member] \| Measurement Input, Discount Rate [Member]
Servicing Asset, Measurement Input	0.16

Note 18 - Fair Value Measurements - Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) - USD ($)
$ in Thousands

Jun. 30, 2018

Jun. 30, 2017

$ 87,687

$ 96,693

US Government Agencies Debt Securities [Member]

589

1,337

Collateralized Mortgage Backed Securities [Member]

56,887

57,168

Other Investments Measured at Net Asset Value [Member]

24,181

32,903

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

6,619

6,622

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

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

668

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]

668

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]

56,887

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]

56,887

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]

24,181

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]

24,181

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]

6,619

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]

Valuation, Market Approach [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 is intended to permit reconciliation of the fair value amount to the consolidated financial statements.

Note 18 - Fair Value Measurements - Assets Measured at Fair Value on a Nonrecurring Basis (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Jun. 30, 2017
Collateral dependent impaired loans	$ 23,872	$ 23,831
Real estate owned and other repossessed collateral, net	2,233	826
Fair Value, Measurements, Nonrecurring [Member]
Collateral dependent impaired loans	1,917	1,011
Real estate owned and other repossessed collateral, net	2,233	826
Loan servicing rights	2,970	2,846
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	1,917	1,011
Real estate owned and other repossessed collateral, net	2,233	826
Loan servicing rights	$ 2,970	$ 2,846

Note 18 - Fair Value Measurements - Quantitative Information (Details) - USD ($)
$ in Thousands

Jun. 30, 2018

Jun. 30, 2017

Assets measured at fair value on a nonrecurring basis

^[1]

$ 1,917

$ 1,011

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

Assets measured at fair value on a nonrecurring basis

^[1]

2,233

826

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

Assets measured at fair value on a nonrecurring basis

^[2]

$ 2,970

$ 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 20% to 100%.

[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 7.9% to 14.5%. For discount rates, the range was 7.3% to 16.0%.

Note 18 - Fair Value Measurements - Gains (Losses) on Assets Measured at Fair Value on a Non-recurring Basis (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2016
Gain (Loss) on assets	$ (646)	$ (427)	$ (835)
Collateral Dependent Impaired Loans [Member]
Gain (Loss) on assets	(519)	(294)	(129)
Real Estate Owned and Other Repossessed Collateral [Member]
Gain (Loss) on assets	(96)	87	(243)
Loan Servicing Rights [Member]
Gain (Loss) on assets	$ (31)	$ (220)	$ (463)

Note 18 - Fair Value Measurements - Estimated Fair Value of the Company's Financial Instruments (Details) - USD ($)
$ in Thousands

Jun. 30, 2018

Jun. 30, 2017

$ 87,687

$ 96,693

Reported Value Measurement [Member]

589

1,337

157,402

163,283

81,068

90,071

^[1]

6,619

6,622

1,652

1,938

7,155

4,699

866,995

775,530

2,528

2,111

954,940

889,850

15,000

20,011

605

873

23,958

23,620

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

668

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

Estimate of Fair Value Measurement [Member]

1,355

157,402

163,283

81,068

90,071

^[1]

6,619

6,622

1,652

1,938

7,155

4,699

868,730

776,579

2,528

2,111

953,216

889,877

15,000

20,057

619

918

25,961

25,677

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

668

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

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

1,355

157,402

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]

81,068

90,071

^[1]

1,652

1,938

7,155

4,699

2,528

2,111

953,216

889,877

15,000

20,057

619

918

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

668

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]

1,355

^[1]

868,730

776,579

25,961

25,677

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

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