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Document and Entity Information - shares	3 Months Ended
Document and Entity Information - shares	Sep. 30, 2012	Oct. 31, 2012
Entity Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2012
Document Fiscal Year Focus	2013
Document Fiscal Period Focus	Q1
Trading Symbol	NBN
Entity Registrant Name	NORTHEAST BANCORP /ME/
Entity Central Index Key	0000811831
Current Fiscal Year End Date	--06-30
Entity Filer Category	Smaller Reporting Company
Voting Common Stock [Member]
Entity Information [Line Items]
Entity Common Stock, Shares Outstanding		9,412,972
Non-voting Common Stock [Member]
Entity Information [Line Items]
Entity Common Stock, Shares Outstanding		970,469

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2012	Jun. 30, 2012
Assets
Cash and due from banks	$ 3,341	$ 2,538
Short-term investments	99,231	125,736
Total cash and cash equivalents	102,572	128,274
Available-for-sale securities, at fair value	137,069	133,264
Loans held for sale	12,986	9,882
Loans	375,193	356,254
Less: Allowance for loan losses	668	824
Loans, net	374,525	355,430
Premises and equipment, net	9,295	9,205
Repossessed collateral, net	2,645	834
Accrued interest receivable	1,751	1,840
Federal Home Loan Bank stock, at cost	4,602	4,602
Federal Reserve Bank stock, at cost	871	871
Intangible assets, net	4,222	4,487
Bank owned life insurance	14,418	14,295
Other assets	5,952	6,212
Total assets	670,908	669,196
Deposits
Demand	47,071	45,323
Savings and interest checking	87,010	90,204
Money market	48,896	45,024
Time deposits	272,798	241,637
Total deposits	455,775	422,188
Federal Home Loan Bank advances	43,331	43,450
Structured repurchase agreements	35,821	66,183
Short-term borrowings	484	1,209
Junior subordinated debentures issued to affiliated trusts	8,146	8,106
Capital lease obligation	1,869	1,911
Other liabilities	6,625	7,010
Total liabilities	552,051	550,057
Commitments and contingencies
Stockholders' equity
Preferred stock, $1.00 par value, 1,000,000 shares authorized; 4,227 shares issued and outstanding at September 30, 2012 and June 30, 2012; liquidation preference of $1,000 per share	4	4
Warrants to purchase common stock	406	406
Additional paid-in capital	96,215	96,080
Unearned restricted stock	(118)	(127)
Retained earnings	12,236	12,235
Accumulated other comprehensive (loss) income	(269)	158
Total stockholders' equity	118,857	119,139
Total liabilities and stockholders' equity	670,908	669,196
Voting Common Stock [Member]
Stockholders' equity
Common stock	9,413	9,307
Total stockholders' equity	9,413	9,307
Non-voting Common Stock [Member]
Stockholders' equity
Common stock	970	1,076
Total stockholders' equity	$ 970	$ 1,076

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Sep. 30, 2012	Jun. 30, 2012
Preferred stock, par value	$ 1.00	$ 1.00
Preferred stock, shares authorized	1,000,000	1,000,000
Preferred stock, shares issued	4,227	4,227
Preferred stock, shares outstanding	4,227	4,227
Preferred stock, liquidation preference per share	$ 1,000	$ 1,000
Voting Common Stock [Member]
Common stock, par value	$ 1.00	$ 1.00
Common stock, shares authorized	13,500,000	13,500,000
Common stock, issued	9,412,972	9,307,127
Common stock, outstanding	9,412,972	9,307,127
Non-voting Common Stock [Member]
Common stock, par value	$ 1.00	$ 1.00
Common stock, shares authorized	1,500,000	1,500,000
Common stock, issued	970,469	1,076,314
Common stock, outstanding	970,469	1,076,314

CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	3 Months Ended
CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	Sep. 30, 2012	Sep. 30, 2011
Interest and dividend income:
Interest on loans	$ 7,341	$ 5,137
Interest on available-for-sale securities	347	639
Dividends on regulatory stock	6	12
Other interest and dividend income	83	47
Total interest and dividend income	7,777	5,835
Interest expense:
Deposits	978	837
Federal Home Loan Bank advances	259	258
Structured repurchase agreements	219	248
Short-term borrowings	6	5
Junior subordinated debentures issued to affiliated trusts	193	183
Obligation under capital lease agreements	24	26
Total interest expense	1,679	1,557
Net interest and dividend income before provision for loan losses	6,098	4,278
Provision for loan losses	228	400
Net interest and dividend income after provision for loan losses	5,870	3,878
Noninterest income:
Fees for other services to customers	310	340
Net securities gains (losses)	792	(53)
Gain on sales of loans held for sale	756	656
Gain (loss) recognized on repossessed collateral, net	451	(77)
Investment commissions	675	687
Bank-owned life insurance income	123	127
Other noninterest income	43	44
Total noninterest income	3,150	1,724
Noninterest expense:
Salaries and employee benefits	4,057	3,717
Occupancy and equipment expense	1,078	849
Professional fees	423	415
Data processing fees	268	274
Marketing expense	187	73
FDIC insurance premiums	117	117
Intangible asset amortization	265	336
Other noninterest expense	1,107	818
Total noninterest expense	7,502	6,599
Income (loss) from continuing operations before income tax expense (benefit)	1,518	(997)
Income tax expense (benefit)	484	(403)
Net income (loss) from continuing operations	1,034	(594)
Discontinued operations:
Income from discontinued operations	0	186
Gain on sale of discontinued operations	0	1,529
Income tax expense	0	592
Net income from discontinued operations	0	1,123
Net income	1,034	529
Net income available to common stockholders	$ 936	$ 431
Weighted-average shares outstanding:
Basic	10,383,441	3,494,498
Diluted	10,383,441	3,513,545
Basic:
Income (loss) from continuing operations	$ 0.09	$ (0.13)
Income from discontinued operations	0.00	0.25
Net income	0.09	0.12
Diluted:
Income (loss) from continuing operations	0.09	(0.13)
Income from discontinued operations	0.00	0.25
Net income	0.09	0.12
Cash dividends declared per common share	$ 0.09	$ 0.09

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2012	Sep. 30, 2011
Net income	$ 1,034	$ 529
Available-for-sale securities:
Change in net unrealized gain or loss on available-for-sale securities	157	1,635
Reclassification adjustment for net (gains) losses included in net income	(792)	53
Total available-for-sale securities	(635)	1,688
Derivatives and hedging activities:
Change in accumulated loss on effective cash flow hedges	6	(199)
Reclassification adjustments for net gains included in net income	(18)	(22)
Total derivatives and hedging activities	(12)	(221)
Total other comprehensive (loss) income, before tax	(647)	1,467
Income tax (benefit) expense related to other comprehensive (loss) income	(220)	498
Other comprehensive (loss) income, net of tax	(427)	969
Comprehensive income	$ 607	$ 1,498

Consolidated Statements of Changes in Stockholders Equity - USD ($) $ in Thousands	Total	Preferred Stock [Member]	Voting Common Stock [Member]	Non-voting Common Stock [Member]	Warrants to Purchase Common Stock	Additional Paid-in Capital [Member]	Unearned Restricted Stock [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Income (Loss) [Member]
Beginning balance at Jun. 30, 2011	$ 64,954	$ 4	$ 3,312	$ 195	$ 406	$ 49,700	$ (163)	$ 11,726	$ (226)
Beginning balance, shares at Jun. 30, 2011		4,227	3,312,173	195,351
Net income	529	$ 0	$ 0	$ 0	0	0	0	529	0
Other comprehensive loss, net of tax	969	$ 0	$ 0	$ 0	0	0	0	0	969
Dividends on preferred stock, shares		0	0	0
Dividends on preferred stock	(53)	$ 0	$ 0	$ 0	0	0	0	(53)	0
Dividends on common stock at $0.09 per share in 2012 and $ 0.09 in 2011, shares		0	0	0
Dividends on common stock at $0.09 per share in 2012 and $ 0.09 in 2011	(316)	$ 0	$ 0	$ 0	0	0	0	(316)	0
Stock-based compensation, shares		0	0	0
Stock-based compensation	105	$ 0	$ 0	$ 0	0	96	9	0	0
Accretion of preferred stock, shares		0	0	0
Accretion of preferred stock	0	$ 0	$ 0	$ 0	0	45	0	(45)	0
Ending balance, shares at Sep. 30, 2011		4,227	3,312,173	195,351
Ending balance at Sep. 30, 2011	66,188	$ 4	$ 3,312	$ 195	406	49,841	(154)	11,841	743
Beginning balance at Jun. 30, 2012	119,139	$ 4	$ 9,307	$ 1,076	406	96,080	(127)	12,235	158
Beginning balance, shares at Jun. 30, 2012		4,227	9,307,127	1,076,314
Net income	1,034	$ 0	$ 0	$ 0	0	0	0	1,034	0
Other comprehensive loss, net of tax	(427)	$ 0	$ 0	$ 0	0	0	0	0	(427)
Conversion of non-voting common stock to voting common stock, shares		0	105,845	(105,845)
Conversion of non-voting common stock to voting common stock, amount	0	$ 0	$ 106	$ (106)	0	0	0	0	0
Dividends on preferred stock, shares		0	0	0
Dividends on preferred stock	(53)	$ 0	$ 0	$ 0	0	0	0	(53)	0
Dividends on common stock at $0.09 per share in 2012 and $ 0.09 in 2011, shares		0	0	0
Dividends on common stock at $0.09 per share in 2012 and $ 0.09 in 2011	(935)	$ 0	$ 0	$ 0	0	0	0	(935)	0
Stock-based compensation, shares		0	0	0
Stock-based compensation	99	$ 0	$ 0	$ 0	0	90	9	0	0
Accretion of preferred stock, shares		0	0	0
Accretion of preferred stock	0	$ 0	$ 0	$ 0	0	45	0	(45)	0
Ending balance, shares at Sep. 30, 2012		4,227	9,412,972	970,469
Ending balance at Sep. 30, 2012	$ 118,857	$ 4	$ 9,413	$ 970	$ 406	$ 96,215	$ (118)	$ 12,236	$ (269)

Consolidated Statements of Changes in Stockholders Equity (Parenthetical) - $ / shares	3 Months Ended
	Sep. 30, 2012	Sep. 30, 2011
Dividend common stock, per share	$ 0.09	$ 0.09

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2012	Sep. 30, 2011
Operating activities:
Net income	$ 1,034	$ 529
Adjustments to reconcile net income to net cash used in operating activities:
Provision for loan losses	228	400
(Gain) loss on sale or impairment of repossessed collateral, net	(451)	77
Originations of loans held for sale	(38,204)	(28,571)
Net proceeds from sales of loans held for sale	35,856	27,998
Gain on sales of loans held for sale	(756)	(656)
Amortization of intangible assets	265	406
Bank-owned life insurance income, net	(123)	(127)
Depreciation of premises and equipment	424	304
Loss on sale of premises and equipment	0	25
Net (gain) loss on sale of available-for-sale securities	(792)	53
Stock-based compensation	99	105
Gain on sale of assets of insurance division	0	(1,529)
Amortization of securities, net	420	373
Changes in other assets and liabilities:
Interest receivable	89	(322)
Decrease in prepaid FDIC assessment	108	(116)
Other assets and liabilities	(25)	(736)
Net cash used in operating activities	(4,236)	(3,092)
Investing activities:
Proceeds from sales of available-for-sale securities	159,579	606
Purchases of available-for-sale securities	(167,294)	0
Proceeds from maturities and principal payments on available-for-sale securities	3,647	6,390
Loan purchases	(31,023)	(11,428)
Loan originations and principal collections, net	11,437	5,006
Purchases of premises and equipment	(514)	(611)
Proceeds from sales of repossessed collateral	595	329
Proceeds from sale of assets of insurance division	0	9,726
Net cash (used in) provided by investing activities	(23,573)	10,018
Financing activities:
Net increase (decrease) in deposits	33,862	(7,012)
Net decrease in short-term borrowings	(725)	(1,506)
Dividends paid on preferred stock	(53)	(53)
Dividends paid on common stock	(935)	(316)
Repayment of structured repurchase agreements	(30,000)	0
Repayment of other borrowings	0	(2,132)
Repayment of capital lease obligation	(42)	(40)
Net cash provided by (used in) financing activities	2,107	(11,059)
Net decrease in cash and cash equivalents	(25,702)	(4,133)
Cash and cash equivalents, beginning of period	128,274	89,931
Cash and cash equivalents, end of period	102,572	79,798
Supplemental schedule of noncash investing and financing activities:
Transfers from loans to repossessed collateral	3,010	180
Transfers from repossessed collateral to loans	1,055	0
Loans Held For Sale [Member]
Adjustments to reconcile net income to net cash used in operating activities:
Gain on sales of loans held for sale	(756)	(656)
Loans [Member]
Adjustments to reconcile net income to net cash used in operating activities:
Accretion of fair value adjustments on borrowings, net	(1,692)	(388)
Deposits [Member]
Adjustments to reconcile net income to net cash used in operating activities:
Accretion of fair value adjustments on borrowings, net	(275)	(373)
Borrowings [Member]
Adjustments to reconcile net income to net cash used in operating activities:
Accretion of fair value adjustments on borrowings, net	$ (441)	$ (544)

Basis of Presentation

3 Months Ended

Sep. 30, 2012

Basis of Presentation

1.	Basis of Presentation

The accompanying unaudited condensed and consolidated interim financial statements include the accounts of Northeast Bancorp (“Northeast” or the “Company”) and its wholly-owned subsidiary, Northeast Bank (the “Bank”).

These financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and notes required by GAAP for complete financial statements. In the opinion of management, the accompanying consolidated financial statements contain all adjustments (consisting principally of normal recurring accruals) considered necessary for a fair presentation of the Company’s financial position at September 30, 2012, the results of operations for the three months ended September 30, 2012 and 2011, comprehensive income for the three months ended September 30, 2012 and 2011, the changes in stockholders’ equity for the for the three months ended September 30, 2012 and 2011, and the cash flows for the for the three months ended September 30, 2012 and 2011. Operating results for the three months ended September 30, 2012 are not necessarily indicative of the results that may be expected for the fiscal year ending June 30, 2013 (“Fiscal 2013”). For further information, refer to the audited consolidated financial statements and notes thereto for the fiscal year ended June 30, 2012 (“Fiscal 2012”) included in the Company’s Annual Report on Form 10-K filed with the Securities and Exchange Commission.

Recent Accounting Pronouncements

3 Months Ended

Sep. 30, 2012

Recent Accounting Pronouncements

2.	Recent Accounting Pronouncements

In December 2011, the Financial Accounting Standards Board (“FASB”) issued ASU No. 2011-11, Balance Sheet (Topic 210): Disclosures about Offsetting Assets and Liabilities (“ASU 2011-11”). The update requires entities to disclose information about offsetting and related arrangements of financial instruments and derivative instruments. The amendments require enhanced disclosures by requiring improved information about financial instruments and derivative instruments that are either (i) offset in accordance with current literature or (ii) subject to an enforceable master netting arrangement or similar agreement, irrespective of whether they are offset in accordance with current literature. ASU 2011-11 is effective for fiscal years, and interim periods within those years, beginning on or after January 1, 2013. The Company does not anticipate that the adoption of this guidance will have a material impact on the consolidated financial statements.

In June 2011, the FASB issued ASU No. 2011-05, Comprehensive Income (Topic 220): Presentation of Comprehensive Income (“ASU 2011-05”). The objective of this update is to improve the comparability, consistency, and transparency of financial reporting and to increase the prominence of items reported in other comprehensive income. The amendments in this update require that all non-owner changes in stockholders’ equity be presented either in as single continuous statement of comprehensive income or in two separate but consecutive statements. The amendments are effective for interim and annual periods beginning after December 15, 2011. The adoption of this guidance did not have a material impact on the consolidated financial statements.

In December 2011, the FASB issued ASU No. 2011-12, Comprehensive Income (Topic 220): Deferral of the Effective Date for Amendments to the Presentation of Reclassifications of Items Out of Accumulated Other Comprehensive Income in Accounting Standards Update No. 2011-05. The amendments in this update defer those changes in ASU 2011-05 that relate to the presentation of reclassifications out of accumulated other comprehensive income on the components of net income and other comprehensive income for all periods presented. All other requirements in ASU 2011-05 are not affected by this update. The amendments are effective for interim and annual periods beginning after December 15, 2011. The adoption of this guidance did not have a material impact on the consolidated financial statements.

- Definition

The entire disclosure of changes in accounting principles, including adoption of new accounting pronouncements, that describes the new methods, amount and effects on financial statement line items.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Direct Effects of a Change in Accounting Principle
-URI http://asc.fasb.org/extlink&oid=6510796

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Change in Accounting Principle
-URI http://asc.fasb.org/extlink&oid=6507316

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6801783&loc=d3e22583-107794

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Indirect Effects of a Change in Accounting Principle
-URI http://asc.fasb.org/extlink&oid=6515603

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 270
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.10-01.(b)(6))
-URI http://asc.fasb.org/extlink&oid=6958853&loc=d3e46468-122699

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6801783&loc=d3e22580-107794

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Accounting Change
-URI http://asc.fasb.org/extlink&oid=6503790

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6801783&loc=d3e22499-107794

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Retrospective Application
-URI http://asc.fasb.org/extlink&oid=6523989

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 270
-SubTopic 10
-Section 45
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=6372559&loc=d3e725-108305

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 270
-SubTopic 10
-Section 45
-Paragraph 13
-URI http://asc.fasb.org/extlink&oid=6372559&loc=d3e765-108305

Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 01
-Paragraph b
-Subparagraph 6
-Article 10

+ Details

Securities Available-for-Sale

3 Months Ended

Sep. 30, 2012

Securities Available-for-Sale

3.	Securities Available-for-Sale

Securities available-for-sale at amortized cost and approximate fair values are summarized below:


	September 30, 2012				June 30, 2012
	Amortized Cost		Fair Value		Amortized Cost		Fair Value
	(Dollars in thousands)
U.S. Government agency securities	$	45,690	$	45,750	$	45,824	$	45,808
Agency mortgage-backed securities		91,389		91,319		86,816		87,456

	$	137,079	$	137,069	$	132,640	$	133,264

The gross unrealized gains and unrealized losses on available-for-sale securities are as follows:


	September 30, 2012				June 30, 2012
	Gross Unrealized Gains		Gross Unrealized Losses		Gross Unrealized Gains		Gross Unrealized Losses
	(Dollars in thousands)
U.S. Government agency securities	$	60	$	0	$	5	$	21
Agency mortgage-backed securities		0		70		640		0

	$	60	$	70	$	645	$	21

When securities are sold, the adjusted cost of the specific security sold is used to compute the gain or loss on sale. The following table summarizes realized gains and losses on available-for-sale securities.


	Three Months Ended September 30,
	2012			2011
	(Dollars in thousands)
Gross realized gains	$	831		$	14
Gross realized losses		(39	)		(67	)

Net security gains (losses)	$	792		$	(53	)

At September 30, 2012, investment securities with a fair value of approximately $54.9 million were pledged as collateral to secure outstanding borrowings.

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


	September 30, 2012
	Less than 12 Months				More than 12 Months				Total
	Fair Value		Unrealized Losses		Fair Value		Unrealized Losses		Fair Value		Unrealized Losses
	(Dollars in thousands)
U.S. Government agency securities	$	0	$	0	$	0	$	0	$	0	$	0
Agency mortgage-backed securities		19,776		70		0		0		19,776		70

	$	19,776	$	70	$	0	$	0	$	19,776	$	70


	June 30, 2012
	Less than 12 Months				More than 12 Months				Total
	Fair Value		Unrealized Losses		Fair Value		Unrealized Losses		Fair Value		Unrealized Losses
	(Dollars in thousands)
U.S. Government agency securities	$	36,585	$	21	$	0	$	0	$	36,585	$	21
Agency mortgage-backed securities		0		0		0		0		0		0

	$	36,585	$	21	$	0	$	0	$	36,585	$	21

There were no other-than-temporary impairment losses on securities during the three months ended September 30, 2012 or 2011.

At September 30, 2012, the Company did not have any securities in a continuous loss position for greater than twelve months. At September 30, 2012, 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 September 30, 2012 is attributable to changes in interest rates.

Management of the Company, in addition to considering current trends and economic conditions that may affect the quality of individual securities within the Company’s investment portfolio, also considers the Company’s ability and intent to hold such securities to maturity or recovery of cost. Management does not believe any of the Company’s available-for-sale securities are other-than-temporarily impaired at September 30, 2012.

The amortized cost and fair values of available-for-sale debt securities by contractual maturity are shown below as of September 30, 2012. 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	$	3,080	$	3,086
Due after one year through five years		42,610		42,664
Due after five years through ten years		0		0
Due after ten years		0		0

		45,690		45,750
Mortgage-backed securities		91,389		91,319

	$	137,079	$	137,069

Loans, Allowance for Loan Losses and Credit Quality

3 Months Ended

Sep. 30, 2012

Loans, Allowance for Loan Losses and Credit Quality

4.	Loans, Allowance for Loan Losses and Credit Quality

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

All loans purchased by the Company in the secondary market by its Loan Acquisition and Servicing Group (“LASG”) 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 310-30 limits the yield that may be accreted on the purchased loan, or the “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 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 90 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 310-30 are placed on nonaccrual when it is not possible to reach a reasonable expectation of the timing and amount of cash flows to be collected on the loan. When a loan has been placed on nonaccrual status, previously accrued and uncollected interest is reversed against interest on loans. 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 troubled debt restructuring (“TDR”). 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. Nonaccrual loans that are restructured generally remain on nonaccrual 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. Loans classified as TDRs remain classified as such until the loan is paid off.

The composition of the Company’s loan portfolio follows.


	September 30, 2012						June 30, 2012
	Originated		Purchased		Total		Originated		Purchased		Total
	(Dollars in thousands)
Residential real estate	$	89,545	$	3,655	$	93,200	$	90,944	$	3,931	$	94,875
Home equity		40,576		0		40,576		42,696		0		42,696
Commercial real estate		102,088		103,787		205,875		100,196		80,539		180,735
Construction		508		0		508		1,187		0		1,187
Commercial business		19,201		0		19,201		19,612		0		19,612
Consumer		15,833		0		15,833		17,149		0		17,149

Total loans	$	267,751	$	107,442	$	375,193	$	271,784	$	84,470	$	356,254

Purchased credit impaired (“PCI”) loans include those loans acquired with specific evidence of deterioration of credit quality since origination and for which it is probable, at acquisition, that the Company will be unable to collect all contractually required payments receivable. The Company does not characterize purchased loans with no or insignificant credit impairment as PCI loans. The following table presents a summary of PCI loans purchased by the LASG during the three months ended September 30, 2012 and 2011.


	PCI Loans Acquired
	Three Months Ended September 30,
	2012			2011
	(Dollars in thousands)
Contractually required payments receivable	$	12,980		$	9,461
Nonaccretable difference		(4,113	)		(2,597	)

Cash flows expected to be collected		8,867			6,864
Accretable yield		(5,764	)		(3,027	)

Fair value of loans acquired	$	3,103		$	3,837


	PCI Loans: Activity in Accretable Yield
	Three Months Ended September 30,
	2012			2011
	(Dollars in thousands)
Beginning balance	$	7,169		$	0
Accretion		(601	)		(76	)
Acquisitions		5,764			3,027
Reclassifications from nonaccretable difference		132			0
Disposals and transfers		(2,951	)		0

End balance	$	9,513		$	2,951

The following table provides information related to the unpaid principal balance and carrying amounts of PCI loans.


	September 30, 2012		June 30, 2012
	(Dollars in thousands)
Unpaid principal balance	$	24,423	$	21,359

Carrying amount	$	13,974	$	13,866

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. Loan losses are charged against the allowance when management believes the uncollectibility of a loan balance is confirmed. 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 adequacy 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: commercial real estate, commercial business, consumer, residential real estate, and purchased loans. Risk characteristics relevant to each portfolio segment are as follows:

Residential real estate: The Company generally does not originate loans with a loan-to-value ratio greater than 80 percent and does not originate subprime loans. All loans in this segment are collateralized by residential real estate and repayment is primarily dependent on the credit quality 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, 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 business: 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. Continued 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 secured by commercial real estate, multi-family residential real estate, or business assets and have been acquired by the LASG. Loans acquired by the LASG are, with limited exceptions, performing loans at the date of purchase. Loans in this segment acquired with specific material credit deterioration since origination are identified as purchased credit-impaired. 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 is based on historical loss experience adjusted for qualitative factors stratified by loan segment. The Company does not weight periods used in that analysis to determine the average loss rate in each portfolio segment. This historical loss factor is adjusted for the following qualitative factors:

•

Levels and trends in delinquencies

•

Trends in the volume and nature of loans

•

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

•

Trends in portfolio concentration

•

National and local economic trends and conditions.

•

Effects of changes or trends in internal risk ratings

•

Other effects resulting from trends in the valuation of underlying collateral

There were no changes in the Company’s policies or methodology pertaining to the general component of the allowance for loan losses during the three months ended September 30, 2012.

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 for commercial business and commercial real estate loans 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 that the carrying value of that loan. Large groups of smaller-balance homogeneous loans, such as consumer and residential real estate loans are collectively evaluated for impairment based on the group’s historical loss experience adjusted for qualitative factors. Accordingly, the Company does not separately identify individual consumer and residential loans for individual impairment and disclosure. However, all loans modified in troubled debt restructurings are individually reviewed for impairment.

For all portfolio segments, except 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 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 estimated at acquisition. Loan impairment of purchased loans is measured based on the decrease in expected cash flows from those estimated at acquisition, excluding changes due to decreases in interest rate indices, 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 the collecting scheduled principal and interest payments when due.

The following table sets forth activity in the Company’s allowance for loan losses.


	Three months ended September 30, 2012
	Residential Real Estate			Commercial Real Estate			Commercial Business			Consumer			Purchased (1)		Total
	(Dollars in thousands)
Beginning balance	$	214		$	93		$	292		$	225		$	0	$	824
Provision (benefit)		213			(22	)		(36	)		73			0		228
Recoveries		1			0			0			3			0		4
Charge-offs		(127	)		0			(203	)		(58	)		0		(388	)

Ending balance	$	301		$	71		$	53		$	243		$	0	$	668


	Three months ended September 30, 2011
	Residential Real Estate			Commercial Real Estate			Commercial Business		Consumer			Purchased (1)		Total
	(Dollars in thousands)
Beginning balance	$	34		$	147		$	238	$	18		$	0	$	437
Provision (benefit)		114			(9	)		158		137			0		400
Recoveries		0			0			22		15			0		37
Charge-offs		(24	)		(24	)		0		(116	)		0		(164	)

Ending balance	$	124		$	114		$	418	$	54		$	0	$	710

(1)	Purchased loans include commercial real estate, commercial business, and commercial loans secured by residential real estate loans. The Company separately analyzes all loans purchased by the LASG from other segments in determining the allowance for loan losses under ASC 310-30.

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


	September 30, 2012
	Residential Real Estate		Commercial Real Estate		Commercial Business		Consumer		Total
	(Dollars in thousands)
Allowance for loan losses:
Individually evaluated	$	59	$	43	$	47	$	31	$	180
Collectively evaluated		242		28		6		212		488
Purchased ⁽¹⁾		0		0		0		0		0

Total	$	301	$	71	$	53	$	243	$	668

Loans:
Individually evaluated	$	1,546	$	1,775	$	210	$	120	$	3,651
Collectively evaluated		128,575		100,821		18,991		15,713		264,100
Purchased ⁽¹⁾		3,655		103,787		0		0		107,442

Total	$	133,776	$	206,383	$	19,201	$	15,833	$	375,193


	June 30, 2012
	Residential Real Estate		Commercial Real Estate		Commercial Business		Consumer		Total
	(Dollars in thousands)
Allowance for loan losses:
Individually evaluated	$	3	$	41	$	284	$	0	$	328
Collectively evaluated		211		52		8		225		496
Purchased⁽¹⁾		0		0		0		0		0

Total	$	214	$	93	$	292	$	225	$	824

Loans:
Individually evaluated	$	399	$	3,112	$	1,127	$	0	$	4,638
Collectively evaluated		133,241		99,326		18,485		17,149		268,201
Purchased^(1) (2)		3,931		79,484		0		0		83,415

Total	$	137,571	$	181,922	$	19,612	$	17,149	$	356,254

(1)	Loans in this category are evaluated for impaired under ASC 310-30. Post acquisition, the effect of a decline in expected cash flows is recorded through the allowance for loan losses as a specific allocation.

(2)	At June 30, 2012, one purchased loan totaling $1.1 million was nonperforming and considered collateral dependent for purposes of evaluation under ASC 310-10.

The following table sets forth information regarding impaired loans. Interest income recognized includes interest received or accrued based on loan principal and contractual interest rates. Loans accounted for under ASC 310-30 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.


	At September 30, 2012						For the Three Months Ended September 30, 2012
	Recorded Investment		Unpaid Principal Balance		Related Allowance		Average Recorded Investment		Interest Income Recognized
	(Dollars in thousands)

Impaired loans without a valuation allowance:
Originated:
Residential real estate	$	811	$	1,029	$	0	$	552	$	5
Consumer		45		48		0		22		1
Commercial real estate		1,249		1,443		0		1,366		20
Commercial business		163		337		0		270		3
Purchased:
Commercial real estate		0		0		0		528		0
Residential real estate		0		0		0		0		0

Total		2,268		2,857		0		2,738		29

Impaired loans with a valuation allowance:
Originated:
Residential real estate		735		722		59		420		9
Consumer		75		77		31		37		1
Commercial real estate		526		517		43		550		6
Commercial business		47		82		47		398		0
Purchased:
Commercial real estate		0		0		0		0		0
Residential real estate		0		0		0		0		0

Total		1,383		1,398		180		1,405		16

Total impaired loans	$	3,651	$	4,255	$	180	$	4,143	$	45


	At June 30, 2012
	Recorded Investment		Unpaid Principal Balance		Related Allowance
	(Dollars in thousands)
Impaired loans without a valuation allowance:
Originated:
Residential real estate	$	293	$	483	$	0
Consumer		0		0		0
Commercial real estate		1,482		1,738		0
Commercial business		377		692		0
Purchased:
Commercial real estate		1,055		1,462		0
Residential real estate		0		0		0

Total		3,207		4,375		0
Impaired loans with a valuation allowance:
Originated:
Residential real estate		106		103		3
Consumer		0		0		0
Commercial real estate		575		565		41
Commercial business		750		817		284
Purchased:
Commercial real estate		0		0		0
Residential real estate		0		0		0

Total		1,431		1,485		328

Total impaired loans	$	4,638	$	5,860	$	328


	For the Three Months Ended September 30, 2011
	Average Recorded Investment		Interest Income Recognized
	(Dollars in thousands)
Originated:
Residential real estate	$	49	$	1
Consumer		0		0
Commercial real estate		1,846		21
Commercial business		1,090		4
Purchased:
Commercial real estate		0		0
Residential real estate		0		0

	$	2,985	$	26

Credit Quality

The Company utilizes a ten-point internal loan rating system for its purchased loan portfolio and originated commercial real estate, construction and commercial business loans as follows:

Loans rated 1 – 6: Loans in these categories are considered “pass” rated loans. Loans in categories 1-5 are considered to have low to average risk. Loans rated 6 are considered marginally acceptable business credits and have more than average risk.

Loans rated 7: Loans in this category are considered “special mention.” These loans are beginning to show signs of potential weakness and are being closely monitored by management.

Loans rated 8: 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 liquidation of the debt.

Loans rated 9: Loans in this category are considered “doubtful.” Loans classified as doubtful have all the weaknesses inherent in one graded 8 with the added characteristic that the weaknesses make the collection or liquidation in full, on the basis of currently existing facts, conditions and values, highly questionable and improbable.

Loans rated 10: Loans in this category are considered “loss” and of such little value that their continuance as loans is not warranted.

On an annual basis, or more often if needed, the Company formally reviews the ratings of all commercial real estate, construction, and commercial business loans. Semi-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.


	September 30, 2012
	Originated Portfolio
	Commercial Real Estate		Construction		Commercial Business		Purchased Portfolio
	(Dollars in thousands)
Loans rated 1- 6	$	98,878	$	508	$	18,686	$	106,124
Loans rated 7		1,872		0		247		207
Loans rated 8		1,338		0		268		1,111
Loans rated 9		0		0		0		0
Loans rated 10		0		0		0		0

	$	102,088	$	508	$	19,201	$	107,442


	June 30, 2012
	Originated Portfolio
	Commercial Real Estate		Construction		Commercial Business		Purchased Portfolio
	(Dollars in thousands)
Loans rated 1- 6	$	96,963	$	1,187	$	18,223	$	83,415
Loans rated 7		1,886		0		250		1,055
Loans rated 8		1,347		0		1,139		0
Loans rated 9		0		0		0		0
Loans rated 10		0		0		0		0

	$	100,196	$	1,187	$	19,612	$	84,470

The following is a summary of past due and non-accrual loans:


	September 30, 2012
	30-59 Days		60-89 Days		Past Due 90 Days or More-Still Accruing		Past Due 90 Days or More- Nonaccrual		Total Past Due		Total Current		Total Loans		Non- Accrual Loans
	(Dollars in thousands)
Originated portfolio:
Residential real estate	$	151	$	343	$	0	$	2,869	$	3,363	$	86,182	$	89,545	$	3,184
Home equity		55		86		0		212		353		40,223		40,576		289
Commercial real estate		420		70		0		310		800		101,293		102,088		626
Construction		0		0		0		0		0		508		508		0
Commercial business		7		6		0		47		60		19,071		19,201		133
Consumer		257		117		0		246		620		15,278		15,833		181

Total originated portfolio		890		622		0		3,684		5,196		262,555		267,751		4,413

Purchased portfolio:
Residential real estate		0		0		0		0		0		3,655		3,655		0
Commercial real estate		0		310		0		666		976		102,811		103,787		666

Total purchased portfolio		0		310		0		666		976		106,466		107,442		666

Total loans	$	890	$	932	$	0	$	4,350	$	6,172	$	369,021	$	375,193	$	5,079


	June 30, 2012
	30-59 Days		60-89 Days		Past Due 90 Days or More-Still Accruing		Past Due 90 Days or More- Nonaccrual		Total Past Due		Total Current		Total Loans		Non- Accrual Loans
	(Dollars in thousands)
Originated portfolio:
Residential real estate	$	261	$	183	$	0	$	2,907	$	3,351	$	87,593	$	90,944	$	3,090
Home equity		16		160		0		136		312		42,384		42,696		220
Commercial real estate		0		208		0		417		625		99,571		100,196		417
Construction		0		0		0		0		0		1,187		1,187		0
Commercial business		0		107		0		901		1,008		18,604		19,612		1,008
Consumer		259		137		0		206		602		16,547		17,149		324

Total originated portfolio		536		795		0		4,567		5,898		265,886		271,784		5,059

Purchased portfolio:
Residential real estate		0		0		0		0		0		3,931		3,931		0
Commercial real estate		0		0		0		1,055		1,055		79,484		80,539		1,055

Total purchased portfolio		0		0		0		1,055		1,055		83,415		84,470		1,055

Total loans	$	536	$	795	$	0	$	5,622	$	6,953	$	349,301	$	356,254	$	6,114

The following table shows loans modified in a TDR during the three months ended September 30, 2012 and the change in the recorded investment subsequent to the modifications occurring. Concessions occurring during the period included a combination of interest rate reductions and maturity extensions. There was no forgiveness of principal related to loans modified in a TDR during the period.


	Number of Contracts		Recorded Investment Pre-Modification		Recorded Investment Post-Modification
	(Dollars in thousands)
Originated portfolio:
Residential real estate		1	$	222	$	222
Home equity		0		0		0
Commercial real estate		0		0		0
Construction		0		0		0
Commercial business		0		0		0
Consumer		0		0		0

Total originated portfolio		1		222		222
Purchased portfolio:
Residential real estate		0		0		0
Commercial real estate		0		0		0

Total purchased portfolio		0		0		0

Total		1	$	222	$	222

Further, during the quarter ended September 30, 2012, the Company identified approximately $1.1 million of residential and consumer loans for which the borrower’s obligation had been discharged in bankruptcy in a prior period. Under recent regulatory guidance, these loans are required to be classified as TDRs and are considered collateral dependent impaired loans.

The Company considers TDRs past due 90 days or more to be in payment default. There were no payment defaults of loans previously modified in a TDR during the three months ended September 30, 2012. As of September 30, 2012, there were no further commitments to lend associated with loans modified in a TDR.

The following table shows the Company’s total TDRs as of the dates indicated.


	September 30, 2012						June 30, 2012
	On Accrual Status		On Nonaccrual Status		Total		On Accrual Status		On Nonaccrual Status		Total
	(Dollars in thousands)
Originated portfolio:
Residential real estate	$	312	$	214	$	526	$	92	$	139	$	231
Home equity		34		49		83		20		0		20
Commercial real estate		1,059		0		1,059		1,053		0		1,053
Construction		0		0		0		0		0		0
Commercial business		0		0		0		0		0		0
Consumer		605		348		953		0		0		0

Total originated portfolio		2,010		611		2,621		1,165		139		1,304
Purchased portfolio:
Residential real estate		0		0		0		0		0		0
Commercial real estate		0		0		0		0		0		0

Total purchased portfolio		0		0		0		0		0		0

Total	$	2,010	$	611	$	2,621	$	1,165	$	139	$	1,304

Stock-Based Compensation

3 Months Ended

Sep. 30, 2012

Stock-Based Compensation

5.	Stock-Based Compensation

In December 2010, the Company adopted the Northeast Bancorp 2010 Stock Option and Incentive Plan (the “Plan”), which provides for awards of stock-based compensation (stock options, stock appreciation rights, restricted stock awards, cash-based awards and other equity-based incentive awards). The maximum number of authorized shares of stock that may be issued under the plan is 810,054.

A summary of the stock option activity for the three months ended September 30, 2012 follows.


	Shares			Weighted Average Exercise Price
Outstanding at beginning of period		796,049		$	13.98
Granted		0			0.00
Exercised		0			0.00
Forfeited		(7,500	)		12.63

Outstanding at end of period		788,549			14.00

Exercisable		54,175		$	14.11

The following table summarizes information about stock options outstanding at September 30, 2012.


Options Outstanding							Options Exercisable
Weighted Average Exercise Price		Number		Weighted Average Remaining Life	Aggregate Intrinsic Value		Weighted Average Exercise Price		Number		Weighted Average Remaining Life	Aggregate Intrinsic Value
$	12.63		32,500	9.3 years	$	0	$	12.63		0	9.3 years	$	0
	13.93		594,039	8.3 years		0		13.93		37,975	8.3 years		0
	14.52		162,010	8.3 years		0		14.52		16,200	8.3 years		0

	14.00		788,549	8.3 years		0		14.11		54,175	8.3 years		0

At September 30, 2012, all unvested stock options outstanding are expected to vest.

On December 29, 2010, the Company granted a restricted stock award of 13,026 shares of the Company’s common stock to a senior executive of the Company. The holder of this award participates fully in the rewards of stock ownership of the Company, including voting rights and dividend rights. This award was determined to have a fair value of $13.93 per share based on the average price at which the Company’s common stock traded on the date of grant. Forty percent of the award will vest on December 29, 2012, and the remainder will vest in three equal annual installments commencing on December 29, 2013. At September 30, 2012, no restricted common shares were vested. All restricted common shares are expected to vest.

At September 30, 2012, the Company has accrued a liability of $48 thousand representing the maximum cash payment for performance-based stock appreciation rights (“SARs”) granted in the fiscal year ended June 30, 2011. The SARs expire in December of 2020.

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


	Fiscal Years Ending June 30,
	2013		2014		2015		2016		2017		Total
	(Dollars in thousands)
Stock options	$	309	$	399	$	380	$	250	$	64	$	1,402
Restricted stock		27		36		36		18		0		117

	$	336	$	435	$	416	$	268	$	64	$	1,519

- Definition

The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 50
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6406099&loc=d3e25284-112666

Reference 2: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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-Paragraph 1
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Reference 3: http://www.xbrl.org/2003/role/presentationRef
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-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5444-113901

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Staff Accounting Bulletin (SAB)
-Number Topic 14

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 123R
-Paragraph 64, 65, A240
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Statement of Position (SOP)
-Number 93-6
-Paragraph 53
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Discontinued Operations

3 Months Ended

Sep. 30, 2012

Discontinued Operations

6.	Discontinued Operations

On August 31, 2011, the Company sold customer lists and certain fixed assets of its wholly-owned subsidiary, Northeast Bank Insurance Group, Inc. (“NBIG”), to local insurance agencies in two separate transactions. The Varney Agency, Inc. of Bangor, Maine, purchased the assets of nine NBIG offices in Anson, Auburn, Augusta, Bethel, Livermore Falls, Scarborough, South Paris, Thomaston and Turner, Maine. The NBIG office in Berwick, Maine, which operates under the name of Spence & Matthews, was acquired by Bradley Scott, previously a member of NBIG’s senior management team. The following is a summary of the sale transactions recorded during the quarter ended September 30, 2011 (dollars in thousands).


Sale proceeds	$	9,726
Less:
Customer lists and other intangible assets, net		7,379
Fixed assets, net of accumulated depreciation		157
Severance and other direct expenses		661

Pre-tax gain recognized	$	1,529

Subsequent to the quarter ended September 30, 2011, the Company recognized additional gain on sale of discontinued operations of $37 thousand representing contingent proceeds received, net of expenses. The total gain on sale of discontinued operations was $1.6 million for Fiscal 2012.

Operations associated with NBIG for the periods presented have been classified as discontinued operations in the accompanying consolidated statements of income. The Company has eliminated all intercompany transactions in presenting discontinued operations for each period. In connection with the transaction, the Company repaid borrowings associated with NBIG totaling $2.1 million.

- Definition

The entire disclosure for the facts and circumstances leading to the completed or expected disposal, manner and timing of disposal, the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the segment in which the disposal group was reported, and the classification (whether sold or classified as held for sale) and carrying value of the assets and liabilities comprising the disposal group. Includes all disposal groups, including those classified as components of the entity (discontinued operations).

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1361-107760

Reference 2: http://www.xbrl.org/2003/role/presentationRef
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Reference 3: http://www.xbrl.org/2003/role/presentationRef
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Reference 7: http://www.xbrl.org/2003/role/presentationRef
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Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 144
-Paragraph 43-48
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Earnings Per Share (EPS)

3 Months Ended

Sep. 30, 2012

Earnings Per Share (EPS)

7.	Earnings Per 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 shares outstanding for the periods indicated. Shares issuable relative to stock options granted have been reflected as an increase in the shares outstanding used to calculate diluted EPS, after applying the treasury stock method. The number of shares outstanding for basic and diluted EPS is presented as follows:


	Three months Ended September 30,
	2012			2011
	(Dollars in thousands, except share and per share data)
Net income	$	1,034		$	529
Preferred stock dividends		(53	)		(53	)
Accretion of preferred stock		(45	)		(45	)

Net income (loss) available to common shareholders	$	936		$	431

Weighted average shares used in calculation of basic earnings per share		10,383,441			3,494,498
Incremental shares from assumed exercise of dilutive securities		0			19,047

Weighted average shares used in calculation of diluted earnings per share		10,383,441			3,513,545

Earnings per common share:
Income (loss) from continuing operations	$	0.09		$	(0.13	)
Income from discontinued operations		0.00			0.25

Earnings per common share	$	0.09		$	0.12

Diluted earnings per common share:
Income (loss) from continuing operations	$	0.09		$	(0.13	)
Income from discontinued operations		0.00			0.25

Diluted earnings per common share	$	0.09		$	0.12

Anti-dilutive options and warrants excluded from the calculation of dilutive earnings per share follow.


	Three Months Ended September 30,
	2012		2011
Stock options		788,549		756,049
Warrants		67,958		0

		856,507		756,049

Fair Value Measurements

3 Months Ended

Sep. 30, 2012

Fair Value Measurements

8.	Fair Value Measurements

Fair value is a market-based measure considered from the perspective of a market participant rather than an entity-specific measure. Therefore, even 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. 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 in 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.

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 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). The three levels of the fair value hierarchy under ASC 820 are described below:

Level 1 – 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 2 – Valuations based on significant other observable inputs other than Level 1 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 3 – 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 3. 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 techniques – There have been no changes in the valuation techniques used 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 1 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 2 of the valuation hierarchy. Examples of such instruments include government agency and government sponsored agency mortgage-backed securities, as well as certain preferred and trust preferred stocks. Level 3 securities are securities for which significant unobservable inputs are utilized.

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

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

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 3 within the fair value hierarchy.

Repossessed collateral – The fair values of other 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 repossessed collateral may be categorized as Level 3 within the fair value hierarchy. When inputs used in appraisals are primarily observable, they are classified as Level 2.

Fair Value of other Financial Instruments:

Cash and cash equivalents – The fair value of cash, due from banks, interest bearing deposits and FHLB overnight deposits approximates their relative book values, as these financial instruments have short maturities.

FHLB and Federal Reserve stock – The carrying value of FHLB stock and Federal Reserve stock approximates fair value based on redemption provisions of the FHLB and the Federal Reserve.

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

Deposits – The fair value of deposits with no stated maturity, such as noninterest-bearing demand deposits, savings, NOW accounts and money market accounts, is equal to the amount payable on demand. The fair values of time deposits are based on the discounted value of contractual cash flows. The discount rate is estimated using the rates currently offered for deposits of similar remaining maturities. The fair value estimates do not include the benefit that results from the low-cost funding provided by the deposit liabilities compared to the cost of borrowing funds in the market. If that value were considered, the fair value of the Company’s net assets could increase.

Borrowings – The fair value of the Company’s borrowings with the FHLB is estimated by discounting the cash flows through maturity or the next repricing date based on current rates available to the Company for borrowings with similar maturities. The fair value of the Company’s short-term borrowings, capital lease obligations, structured repurchase agreements and other borrowings is 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.


	September 30, 2012
	Total		Level 1		Level 2		Level 3
	(Dollars in thousands)
Assets
Securities available-for-sale
U.S. Government agency securities	$	45,750	$	0	$	45,750	$	0
Agency mortgage-backed securities		91,319		0		91,319		0
Other assets – interest rate caps		0		0		0		0
Liabilities
Other liabilities – interest rate swap	$	575	$	0	$	575	$	0


	June 30, 2012
	Total		Level 1		Level 2		Level 3
	(Dollars in thousands)
Assets
Securities available-for-sale
U.S. Government agency securities	$	45,808	$	0	$	45,808	$	0
Agency mortgage-backed securities		87,456		0		87,456		0
Other assets – interest rate caps		1		0		1		0
Liabilities
Other liabilities – interest rate swap	$	580	$	0	$	580	$	0

There were no significant transfers between the three levels of the fair value hierarchy for the quarters ended September 30, 2012 and 2011.

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


	September 30, 2012
	Total		Level 1		Level 2		Level 3
	(Dollars in thousands)
Impaired loans	$	841	$	0	$	0	$	841
Repossessed collateral		1,129		0		0		1,129


	June 30, 2012
	Total		Level 1		Level 2		Level 3
	(Dollars in thousands)
Impaired loans	$	1,103	$	0	$	0	$	1,103
Repossessed collateral		834		0		0		834

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


	Carrying Amount		Fair Value Measurements at September 30, 2012
	Carrying Amount		Total		Level 1		Level 2		Level 3
	(Dollars in thousands)
Financial assets:
Cash and cash equivalents	$	102,572	$	102,572	$	102,572	$	0	$	0
Available-for-sale securities		137,069		137,069		0		137,069		0
Regulatory stock		5,473		5,473		0		5,473		0
Loans held for sale		12,986		13,005		0		13,005		0
Loans, net		374,525		396,947		0		0		396,947
Accrued interest receivable		1,751		1,751		0		1,751		0
Interest rate caps		0		0		0		0		0
Financial liabilities:
Deposits		455,775		460,273		0		460,273		0
FHLB advances		43,331		45,662		0		45,662		0
Structured repurchase agreements		35,821		36,868		0		36,868		0
Short-term borrowings		484		484		0		484		0
Capital lease obligation		1,869		2,167		0		2,167		0
Subordinated debentures		8,146		8,324		0		0		8,324
Interest rate swaps		575		575		0		575		0


	Carrying Amount		Fair Value Measurements at June 30, 2012
	Carrying Amount		Total		Level 1		Level 2		Level 3
	(Dollars in thousands)
Financial assets:
Cash and cash equivalents	$	128,274	$	128,274	$	128,274	$	0	$	0
Available-for-sale securities		133,264		133,264		0		133,264		0
Regulatory stock		5,473		5,473		0		5,473		0
Loans held for sale		9,882		9,896		0		9,896		0
Loans, net		355,430		374,062		0		0		374,062
Accrued interest receivable		1,840		1,840		0		1,840		0
Interest rate caps		1		1		0		1		0
Financial liabilities:
Deposits		422,188		425,782		0		425,782		0
FHLB advances		43,450		45,747		0		45,747		0
Structured repurchase agreements		66,183		67,314		0		67,314		0
Short-term borrowings		1,209		1,209		0		1,209		0
Capital lease obligation		1,911		2,202		0		2,202		0
Subordinated debentures		8,106		8,597		0		0		8,597
Interest rate swaps		580		580		0		580		0

- Definition

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

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=7578670&loc=d3e19207-110258

Reference 2: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 107
-Paragraph 15B
-Subparagraph a, b
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
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-Paragraph 44A, 44B
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 159
-Paragraph 17-22, 27, 28
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 10: http://www.xbrl.org/2003/role/presentationRef
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-Name Statement of Financial Accounting Standard (FAS)
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-Paragraph 15A
-Subparagraph a-d
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 11: http://www.xbrl.org/2003/role/presentationRef
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Reference 12: http://www.xbrl.org/2003/role/presentationRef
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-Name Statement of Financial Accounting Standard (FAS)
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-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 13: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 107
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-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Derivatives and Hedging Activities

3 Months Ended

Sep. 30, 2012

Derivatives and Hedging Activities

9.	Derivatives and Hedging Activities

The Company has stand alone derivative financial instruments in the form of interest rate caps that derive their value from a fee paid and are adjusted to fair value based on index and strike rate, and a swap agreement that derives its 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 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 recognized as derivative assets and derivative liabilities.

The Company is exposed to credit-related losses in the event of nonperformance by the counterparties to these agreements. 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 their obligations. Institutional counterparties must have an investment grade credit rating and be approved by the Company’s Board of Directors. The Company deals only with primary dealers. The Company’s credit exposure on interest rate swaps is limited to the net positive fair value and accrued interest of all swaps with each counterparty.

At September 30, 2012 and June 30, 2012, the Company had cash totaling $800 thousand in a margin account with the dealer bank associated with its interest rate swap.

Risk Management Policies – Hedging 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 long-term 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. To meet this objective, management entered into interest rate caps whereby the Company receives variable interest payments above a specified interest rate and swap agreements whereby the Company receives variable interest rate payments and makes fixed interest rate payments during the contract period.

The Company holds two interest rate caps that expire on September 30, 2014. The swap agreement provides for the Company to receive payments at a variable rate determined by a specified index (three month LIBOR) in exchange for making payments at a fixed rate.

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

During the three months ended September 30, 2012 and 2011, no 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 long-term 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 long-term debt affects earnings. Risk management results for the three months ended September 30, 2012 and 2011 related to the balance sheet hedging of long-term debt indicates that the hedges were effective.

The Company recorded interest income of $25 thousand related to hedge ineffectiveness in each of the three months ended September 30, 2012 and 2011. This ineffectiveness related to the Company’s interest rate swap. The Company expects to record interest income of $100 thousand related to ineffectiveness in the next twelve months.

The Company reclassified interest expense of $7 thousand and $4 thousand related to the effective portion of purchased interest rate caps during the three months ended September 30, 2012 and 2011, respectively. The Company expects to record interest expense of $28 thousand related to its purchased interest rate caps in the next twelve months.


	September 30, 2012						June 30, 2012
	Interest Rate Caps			Interest Rate Swap			Interest Rate Caps			Interest Rate Swap
	(Dollars in thousands)
Notional amount	$	6,000		$	10,000		$	6,000		$	10,000
Weighted average pay rate					4.69	%					4.69	%
Weighted average receive rate					2.35	%					2.36	%
Strike rate based on three month LIBOR		2.51	%					2.51	%
Weighted average maturity in years		2.00			2.42			2.25			2.67
Unrealized loss	$	63		$	335		$	69		$	315

The following sets forth the fair values and location of derivatives designated as hedging instruments.


September 30, 2012
(Dollars in thousands)
Asset Derivatives	Balance Sheet Location	Fair Value
Interest rate caps	Other assets	$	0

Liability Derivatives	Balance Sheet Location	Fair Value
Interest rate swap	Other liabilities	$	575


June 30, 2012
(Dollars in thousands)
Asset Derivatives	Balance Sheet Location	Fair Value
Interest rate caps	Other assets	$	1

Liability Derivatives	Balance Sheet Location	Fair Value
Interest rate swap	Other liabilities	$	580

- Definition

The entire disclosure for the entity's entire derivative instruments and hedging activities. Describes an entity's risk management strategies, derivatives in hedging activities and non-hedging derivative instruments, the assets, obligations, liabilities, revenues and expenses arising therefrom, and the amounts of and methodologies and assumptions used in determining the amounts of such items.

+ References

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+ Details

Other Comprehensive (Loss) Income

3 Months Ended

Sep. 30, 2012

Other Comprehensive (Loss) Income

10.

Other Comprehensive (Loss) Income

The components of other comprehensive (loss) income follow.


	Three Months Ended September 30,
	2012									2011
	Pre-tax Amount			Tax Expense (Benefit)			After-tax Amount			Pre-tax Amount			Tax Expense (Benefit)			After-tax Amount
	(Dollars in thousands)
Unrealized holding gains on available-for-sale securities	$	157		$	53		$	104		$	1,635		$	556		$	1,079
Less: Realized gains (losses)		792			269			523			(53	)		(18	)		(35	)

Unrealized (losses) gains on available-for-sale securities, net		(635	)		(216	)		(419	)		1,688			574			1,114

Unrealized gains on cash flow hedges		6			2			4			(199	)		(68	)		(131	)
Less: Realized gains		18			6			12			22			8			14

Unrealized losses on cash flow hedges, net		(12	)		(4	)		(8	)		(221	)		(76	)		(145	)

Total other comprehensive (loss) income	$	(647	)	$	(220	)	$	(427	)	$	1,467		$	498		$	969

Accumulated other comprehensive (loss) income is comprised of the following.


	September 30, 2012			June 30, 2012
	(Dollars in thousands)
Unrealized (loss) gain on available-for-sale securities	$	(10	)	$	624
Tax effect		3			(212	)

Net-of-tax amount		(7	)		412

Unrealized loss on cash flow hedges		(399	)		(384	)
Tax effect		137			130

Net-of-tax amount		(262	)		(254	)

Accumulated other comprehensive (loss) income	$	(269	)	$	158

- Definition

The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
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-Publisher FASB
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+ Details

Troubled Asset Relief Capital Purchase Program

3 Months Ended

Sep. 30, 2012

Troubled Asset Relief Capital Purchase Program

11.

Troubled Asset Relief Capital Purchase Program

On December 12, 2008, in connection with the Company’s participation in the federal government’s TARP Capital Purchase Program, the Company issued 4,227 shares of Fixed Rate Cumulative Perpetual Preferred Stock, Series A, liquidation preference $1,000 per share (the “Series A Preferred Stock”), and a warrant to purchase 67,958 shares of the Company’s common stock (the “TARP Warrant”) to the U.S. Department of the Treasury (the “Treasury”) for aggregate proceeds of $4.2 million.

The Series A Preferred Stock qualifies as Tier 1 capital and pays cumulative dividends at a rate of 5% per annum until February 14, 2014. Thereafter, the dividend rate will increase to 9% per annum. On and after February 15, 2012, the Company may, at its option, redeem shares of Series A Preferred Stock, in whole or in part, at any time and from time to time, for cash at a per share amount equal to the sum of the liquidation preference per share plus any accrued and unpaid dividends. Any redemption of a share of Series A Preferred Stock would be at one hundred percent (100%) of its issue price, plus any accrued and unpaid dividends and the Series A Preferred Stock may be redeemed without regard to whether the Company has replaced such funds from any other source, or to any waiting period.

The TARP Warrant is exercisable at $9.33 per share at any time on or before December 12, 2018. The number of shares of the Company’s common stock issuable upon exercise of the TARP Warrant and the exercise price per share will be adjusted if specific events occur. Treasury has agreed not to exercise voting power with respect to any shares of common stock issued upon exercise of the TARP Warrant. Neither the Series A Preferred Stock nor the TARP Warrant will be subject to any contractual restrictions on transfer, except that the Treasury may not transfer a portion of the Warrant with respect to, or exercise the TARP Warrant for, more than one-half of the shares of common stock underlying the TARP Warrant prior to the date on which the Company has received aggregate gross proceeds of not less than $4.2 million from one or more qualified equity offerings.

Securities Available-for-Sale (Tables)

3 Months Ended

Sep. 30, 2012

Securities Available-for-Sale at Amortized Cost and Approximate Fair Values

Securities available-for-sale at amortized cost and approximate fair values are summarized below:


	September 30, 2012				June 30, 2012
	Amortized Cost		Fair Value		Amortized Cost		Fair Value
	(Dollars in thousands)
U.S. Government agency securities	$	45,690	$	45,750	$	45,824	$	45,808
Agency mortgage-backed securities		91,389		91,319		86,816		87,456

	$	137,079	$	137,069	$	132,640	$	133,264

Gross Unrealized Gains and Unrealized Losses on Available-for-Sale Securities

The gross unrealized gains and unrealized losses on available-for-sale securities are as follows:


	September 30, 2012				June 30, 2012
	Gross Unrealized Gains		Gross Unrealized Losses		Gross Unrealized Gains		Gross Unrealized Losses
	(Dollars in thousands)
U.S. Government agency securities	$	60	$	0	$	5	$	21
Agency mortgage-backed securities		0		70		640		0

	$	60	$	70	$	645	$	21

Realized Gains and Losses on Available-for-Sale Securities

The following table summarizes realized gains and losses on available-for-sale securities.


	Three Months Ended September 30,
	2012			2011
	(Dollars in thousands)
Gross realized gains	$	831		$	14
Gross realized losses		(39	)		(67	)

Net security gains (losses)	$	792		$	(53	)

Gross Unrealized Losses and Fair Values Aggregated by Investment Category and Length of Time in Continuous Unrealized Loss Position


	September 30, 2012
	Less than 12 Months				More than 12 Months				Total
	Fair Value		Unrealized Losses		Fair Value		Unrealized Losses		Fair Value		Unrealized Losses
	(Dollars in thousands)
U.S. Government agency securities	$	0	$	0	$	0	$	0	$	0	$	0
Agency mortgage-backed securities		19,776		70		0		0		19,776		70

	$	19,776	$	70	$	0	$	0	$	19,776	$	70


	June 30, 2012
	Less than 12 Months				More than 12 Months				Total
	Fair Value		Unrealized Losses		Fair Value		Unrealized Losses		Fair Value		Unrealized Losses
	(Dollars in thousands)
U.S. Government agency securities	$	36,585	$	21	$	0	$	0	$	36,585	$	21
Agency mortgage-backed securities		0		0		0		0		0		0

	$	36,585	$	21	$	0	$	0	$	36,585	$	21

Amortized Cost and Fair Values of Available-for-Sale Debt Securities by Contractual Maturity

contractual maturity are shown below as of September 30, 2012. 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	$	3,080	$	3,086
Due after one year through five years		42,610		42,664
Due after five years through ten years		0		0
Due after ten years		0		0

		45,690		45,750
Mortgage-backed securities		91,389		91,319

	$	137,079	$	137,069

- Definition

Tabular disclosure of available-for-sale securities which includes, but is not limited to, changes in the cost basis and fair value, fair value and gross unrealized gain (loss), fair values by type of security, contractual maturity and classification, amortized cost basis, contracts to acquire securities to be accounted for as available-for-sale, debt maturities, transfers to trading, change in net unrealized holding gain (loss) net of tax, continuous unrealized loss position fair value, aggregate losses qualitative disclosures, other than temporary impairment (OTTI) losses or other disclosures related to available for sale securities.

+ References

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+ Details

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

3 Months Ended

Sep. 30, 2012

Composition of Company Loan Portfolio

The composition of the Company’s loan portfolio follows.


	September 30, 2012						June 30, 2012
	Originated		Purchased		Total		Originated		Purchased		Total
	(Dollars in thousands)
Residential real estate	$	89,545	$	3,655	$	93,200	$	90,944	$	3,931	$	94,875
Home equity		40,576		0		40,576		42,696		0		42,696
Commercial real estate		102,088		103,787		205,875		100,196		80,539		180,735
Construction		508		0		508		1,187		0		1,187
Commercial business		19,201		0		19,201		19,612		0		19,612
Consumer		15,833		0		15,833		17,149		0		17,149

Total loans	$	267,751	$	107,442	$	375,193	$	271,784	$	84,470	$	356,254

Summary of Purchased Credit

The following table presents a summary of PCI loans purchased by the LASG during the three months ended September 30, 2012 and 2011.


	PCI Loans Acquired
	Three Months Ended September 30,
	2012			2011
	(Dollars in thousands)
Contractually required payments receivable	$	12,980		$	9,461
Nonaccretable difference		(4,113	)		(2,597	)

Cash flows expected to be collected		8,867			6,864
Accretable yield		(5,764	)		(3,027	)

Fair value of loans acquired	$	3,103		$	3,837


	PCI Loans: Activity in Accretable Yield
	Three Months Ended September 30,
	2012			2011
	(Dollars in thousands)
Beginning balance	$	7,169		$	0
Accretion		(601	)		(76	)
Acquisitions		5,764			3,027
Reclassifications from nonaccretable difference		132			0
Disposals and transfers		(2,951	)		0

End balance	$	9,513		$	2,951

The following table provides information related to the unpaid principal balance and carrying amounts of PCI loans.


	September 30, 2012		June 30, 2012
	(Dollars in thousands)
Unpaid principal balance	$	24,423	$	21,359

Carrying amount	$	13,974	$	13,866

Allowance for Loan Losses by Portfolio Segment

The following table sets forth activity in the Company’s allowance for loan losses.


	Three months ended September 30, 2012
	Residential Real Estate			Commercial Real Estate			Commercial Business			Consumer			Purchased (1)		Total
	(Dollars in thousands)
Beginning balance	$	214		$	93		$	292		$	225		$	0	$	824
Provision (benefit)		213			(22	)		(36	)		73			0		228
Recoveries		1			0			0			3			0		4
Charge-offs		(127	)		0			(203	)		(58	)		0		(388	)

Ending balance	$	301		$	71		$	53		$	243		$	0	$	668


	Three months ended September 30, 2011
	Residential Real Estate			Commercial Real Estate			Commercial Business		Consumer			Purchased (1)		Total
	(Dollars in thousands)
Beginning balance	$	34		$	147		$	238	$	18		$	0	$	437
Provision (benefit)		114			(9	)		158		137			0		400
Recoveries		0			0			22		15			0		37
Charge-offs		(24	)		(24	)		0		(116	)		0		(164	)

Ending balance	$	124		$	114		$	418	$	54		$	0	$	710

(1)	Purchased loans include commercial real estate, commercial business, and commercial loans secured by residential real estate loans. The Company separately analyzes all loans purchased by the LASG from other segments in determining the allowance for loan losses under ASC 310-30.

Allowance for Loan Losses by Portfolio Segment and Impairment Methodology

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


	September 30, 2012
	Residential Real Estate		Commercial Real Estate		Commercial Business		Consumer		Total
	(Dollars in thousands)
Allowance for loan losses:
Individually evaluated	$	59	$	43	$	47	$	31	$	180
Collectively evaluated		242		28		6		212		488
Purchased ⁽¹⁾		0		0		0		0		0

Total	$	301	$	71	$	53	$	243	$	668

Loans:
Individually evaluated	$	1,546	$	1,775	$	210	$	120	$	3,651
Collectively evaluated		128,575		100,821		18,991		15,713		264,100
Purchased ⁽¹⁾		3,655		103,787		0		0		107,442

Total	$	133,776	$	206,383	$	19,201	$	15,833	$	375,193


	June 30, 2012
	Residential Real Estate		Commercial Real Estate		Commercial Business		Consumer		Total
	(Dollars in thousands)
Allowance for loan losses:
Individually evaluated	$	3	$	41	$	284	$	0	$	328
Collectively evaluated		211		52		8		225		496
Purchased⁽¹⁾		0		0		0		0		0

Total	$	214	$	93	$	292	$	225	$	824

Loans:
Individually evaluated	$	399	$	3,112	$	1,127	$	0	$	4,638
Collectively evaluated		133,241		99,326		18,485		17,149		268,201
Purchased^(1) (2)		3,931		79,484		0		0		83,415

Total	$	137,571	$	181,922	$	19,612	$	17,149	$	356,254

(1)	Loans in this category are evaluated for impaired under ASC 310-30. Post acquisition, the effect of a decline in expected cash flows is recorded through the allowance for loan losses as a specific allocation.

(2)	At June 30, 2012, one purchased loan totaling $1.1 million was nonperforming and considered collateral dependent for purposes of evaluation under ASC 310-10.

Impaired Loans

Loans accounted for under ASC 310-30 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.


	At September 30, 2012						For the Three Months Ended September 30, 2012
	Recorded Investment		Unpaid Principal Balance		Related Allowance		Average Recorded Investment		Interest Income Recognized
	(Dollars in thousands)

Impaired loans without a valuation allowance:
Originated:
Residential real estate	$	811	$	1,029	$	0	$	552	$	5
Consumer		45		48		0		22		1
Commercial real estate		1,249		1,443		0		1,366		20
Commercial business		163		337		0		270		3
Purchased:
Commercial real estate		0		0		0		528		0
Residential real estate		0		0		0		0		0

Total		2,268		2,857		0		2,738		29

Impaired loans with a valuation allowance:
Originated:
Residential real estate		735		722		59		420		9
Consumer		75		77		31		37		1
Commercial real estate		526		517		43		550		6
Commercial business		47		82		47		398		0
Purchased:
Commercial real estate		0		0		0		0		0
Residential real estate		0		0		0		0		0

Total		1,383		1,398		180		1,405		16

Total impaired loans	$	3,651	$	4,255	$	180	$	4,143	$	45


	At June 30, 2012
	Recorded Investment		Unpaid Principal Balance		Related Allowance
	(Dollars in thousands)
Impaired loans without a valuation allowance:
Originated:
Residential real estate	$	293	$	483	$	0
Consumer		0		0		0
Commercial real estate		1,482		1,738		0
Commercial business		377		692		0
Purchased:
Commercial real estate		1,055		1,462		0
Residential real estate		0		0		0

Total		3,207		4,375		0
Impaired loans with a valuation allowance:
Originated:
Residential real estate		106		103		3
Consumer		0		0		0
Commercial real estate		575		565		41
Commercial business		750		817		284
Purchased:
Commercial real estate		0		0		0
Residential real estate		0		0		0

Total		1,431		1,485		328

Total impaired loans	$	4,638	$	5,860	$	328

Average Interest and Investment


	For the Three Months Ended September 30, 2011
	Average Recorded Investment		Interest Income Recognized
	(Dollars in thousands)
Originated:
Residential real estate	$	49	$	1
Consumer		0		0
Commercial real estate		1,846		21
Commercial business		1,090		4
Purchased:
Commercial real estate		0		0
Residential real estate		0		0

	$	2,985	$	26

Loans by Risk Rating

The following tables present the Company’s loans by risk rating.


	September 30, 2012
	Originated Portfolio
	Commercial Real Estate		Construction		Commercial Business		Purchased Portfolio
	(Dollars in thousands)
Loans rated 1- 6	$	98,878	$	508	$	18,686	$	106,124
Loans rated 7		1,872		0		247		207
Loans rated 8		1,338		0		268		1,111
Loans rated 9		0		0		0		0
Loans rated 10		0		0		0		0

	$	102,088	$	508	$	19,201	$	107,442


	June 30, 2012
	Originated Portfolio
	Commercial Real Estate		Construction		Commercial Business		Purchased Portfolio
	(Dollars in thousands)
Loans rated 1- 6	$	96,963	$	1,187	$	18,223	$	83,415
Loans rated 7		1,886		0		250		1,055
Loans rated 8		1,347		0		1,139		0
Loans rated 9		0		0		0		0
Loans rated 10		0		0		0		0

	$	100,196	$	1,187	$	19,612	$	84,470

Past Due and Non-Accrual Loans

The following is a summary of past due and non-accrual loans:


	September 30, 2012
	30-59 Days		60-89 Days		Past Due 90 Days or More-Still Accruing		Past Due 90 Days or More- Nonaccrual		Total Past Due		Total Current		Total Loans		Non- Accrual Loans
	(Dollars in thousands)
Originated portfolio:
Residential real estate	$	151	$	343	$	0	$	2,869	$	3,363	$	86,182	$	89,545	$	3,184
Home equity		55		86		0		212		353		40,223		40,576		289
Commercial real estate		420		70		0		310		800		101,293		102,088		626
Construction		0		0		0		0		0		508		508		0
Commercial business		7		6		0		47		60		19,071		19,201		133
Consumer		257		117		0		246		620		15,278		15,833		181

Total originated portfolio		890		622		0		3,684		5,196		262,555		267,751		4,413

Purchased portfolio:
Residential real estate		0		0		0		0		0		3,655		3,655		0
Commercial real estate		0		310		0		666		976		102,811		103,787		666

Total purchased portfolio		0		310		0		666		976		106,466		107,442		666

Total loans	$	890	$	932	$	0	$	4,350	$	6,172	$	369,021	$	375,193	$	5,079


	June 30, 2012
	30-59 Days		60-89 Days		Past Due 90 Days or More-Still Accruing		Past Due 90 Days or More- Nonaccrual		Total Past Due		Total Current		Total Loans		Non- Accrual Loans
	(Dollars in thousands)
Originated portfolio:
Residential real estate	$	261	$	183	$	0	$	2,907	$	3,351	$	87,593	$	90,944	$	3,090
Home equity		16		160		0		136		312		42,384		42,696		220
Commercial real estate		0		208		0		417		625		99,571		100,196		417
Construction		0		0		0		0		0		1,187		1,187		0
Commercial business		0		107		0		901		1,008		18,604		19,612		1,008
Consumer		259		137		0		206		602		16,547		17,149		324

Total originated portfolio		536		795		0		4,567		5,898		265,886		271,784		5,059

Purchased portfolio:
Residential real estate		0		0		0		0		0		3,931		3,931		0
Commercial real estate		0		0		0		1,055		1,055		79,484		80,539		1,055

Total purchased portfolio		0		0		0		1,055		1,055		83,415		84,470		1,055

Total loans	$	536	$	795	$	0	$	5,622	$	6,953	$	349,301	$	356,254	$	6,114

Loans Modified in Troubled Debt Restructurings

Concessions occurring during the period included a combination of interest rate reductions and maturity extensions. There was no forgiveness of principal related to loans modified in a TDR during the period.


	Number of Contracts		Recorded Investment Pre-Modification		Recorded Investment Post-Modification
	(Dollars in thousands)
Originated portfolio:
Residential real estate		1	$	222	$	222
Home equity		0		0		0
Commercial real estate		0		0		0
Construction		0		0		0
Commercial business		0		0		0
Consumer		0		0		0

Total originated portfolio		1		222		222
Purchased portfolio:
Residential real estate		0		0		0
Commercial real estate		0		0		0

Total purchased portfolio		0		0		0

Total		1	$	222	$	222

Troubled Debt Restructuring During the Period

The following table shows the Company’s total TDRs as of the dates indicated.


	September 30, 2012						June 30, 2012
	On Accrual Status		On Nonaccrual Status		Total		On Accrual Status		On Nonaccrual Status		Total
	(Dollars in thousands)
Originated portfolio:
Residential real estate	$	312	$	214	$	526	$	92	$	139	$	231
Home equity		34		49		83		20		0		20
Commercial real estate		1,059		0		1,059		1,053		0		1,053
Construction		0		0		0		0		0		0
Commercial business		0		0		0		0		0		0
Consumer		605		348		953		0		0		0

Total originated portfolio		2,010		611		2,621		1,165		139		1,304
Purchased portfolio:
Residential real estate		0		0		0		0		0		0
Commercial real estate		0		0		0		0		0		0

Total purchased portfolio		0		0		0		0		0		0

Total	$	2,010	$	611	$	2,621	$	1,165	$	139	$	1,304

Stock-Based Compensation (Tables)

3 Months Ended

Sep. 30, 2012

Stock Option Activity

A summary of the stock option activity for the three months ended September 30, 2012 follows.


	Shares			Weighted Average Exercise Price
Outstanding at beginning of period		796,049		$	13.98
Granted		0			0.00
Exercised		0			0.00
Forfeited		(7,500	)		12.63

Outstanding at end of period		788,549			14.00

Exercisable		54,175		$	14.11

Information about Stock Options Outstanding

The following table summarizes information about stock options outstanding at September 30, 2012.


Options Outstanding							Options Exercisable
Weighted Average Exercise Price		Number		Weighted Average Remaining Life	Aggregate Intrinsic Value		Weighted Average Exercise Price		Number		Weighted Average Remaining Life	Aggregate Intrinsic Value
$	12.63		32,500	9.3 years	$	0	$	12.63		0	9.3 years	$	0
	13.93		594,039	8.3 years		0		13.93		37,975	8.3 years		0
	14.52		162,010	8.3 years		0		14.52		16,200	8.3 years		0

	14.00		788,549	8.3 years		0		14.11		54,175	8.3 years		0

Estimated Amount and Timing of Future Pre-tax Stock-based Compensation Expense

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


	Fiscal Years Ending June 30,
	2013		2014		2015		2016		2017		Total
	(Dollars in thousands)
Stock options	$	309	$	399	$	380	$	250	$	64	$	1,402
Restricted stock		27		36		36		18		0		117

	$	336	$	435	$	416	$	268	$	64	$	1,519

Discontinued Operations (Tables)

3 Months Ended

Sep. 30, 2012

Summary of Sale Transactions

The following is a summary of the sale transactions recorded during the quarter ended September 30, 2011 (dollars in thousands).


Sale proceeds	$	9,726
Less:
Customer lists and other intangible assets, net		7,379
Fixed assets, net of accumulated depreciation		157
Severance and other direct expenses		661

Pre-tax gain recognized	$	1,529

- Definition

Tabular disclosure of disposal groups, which may include the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the classification and carrying value of the assets and liabilities comprising the disposal group, and the segment in which the disposal group was reported. Also may include the amount of adjustments to amounts previously reported in discontinued operations such as resolution of contingencies arising from the disposal transaction or the operations of the component prior to disposal.

+ References + Details

Earnings Per Share (EPS) (Tables)

3 Months Ended

Sep. 30, 2012

Number of Shares Outstanding for Basic and Diluted EPS

The number of shares outstanding for basic and diluted EPS is presented as follows:


	Three months Ended September 30,
	2012			2011
	(Dollars in thousands, except share and per share data)
Net income	$	1,034		$	529
Preferred stock dividends		(53	)		(53	)
Accretion of preferred stock		(45	)		(45	)

Net income (loss) available to common shareholders	$	936		$	431

Weighted average shares used in calculation of basic earnings per share		10,383,441			3,494,498
Incremental shares from assumed exercise of dilutive securities		0			19,047

Weighted average shares used in calculation of diluted earnings per share		10,383,441			3,513,545

Earnings per common share:
Income (loss) from continuing operations	$	0.09		$	(0.13	)
Income from discontinued operations		0.00			0.25

Earnings per common share	$	0.09		$	0.12

Diluted earnings per common share:
Income (loss) from continuing operations	$	0.09		$	(0.13	)
Income from discontinued operations		0.00			0.25

Diluted earnings per common share	$	0.09		$	0.12

Anti-dilutive Options and Warrants

Anti-dilutive options and warrants excluded from the calculation of dilutive earnings per share follow.


	Three Months Ended September 30,
	2012		2011
Stock options		788,549		756,049
Warrants		67,958		0

		856,507		756,049

Fair Value Measurements (Tables)

3 Months Ended

Sep. 30, 2012

Assets and Liabilities Measured at Fair Value on Recurring Basis

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


	September 30, 2012
	Total		Level 1		Level 2		Level 3
	(Dollars in thousands)
Assets
Securities available-for-sale
U.S. Government agency securities	$	45,750	$	0	$	45,750	$	0
Agency mortgage-backed securities		91,319		0		91,319		0
Other assets – interest rate caps		0		0		0		0
Liabilities
Other liabilities – interest rate swap	$	575	$	0	$	575	$	0


	June 30, 2012
	Total		Level 1		Level 2		Level 3
	(Dollars in thousands)
Assets
Securities available-for-sale
U.S. Government agency securities	$	45,808	$	0	$	45,808	$	0
Agency mortgage-backed securities		87,456		0		87,456		0
Other assets – interest rate caps		1		0		1		0
Liabilities
Other liabilities – interest rate swap	$	580	$	0	$	580	$	0

Assets Measured at Fair Value on Nonrecurring Basis

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


	September 30, 2012
	Total		Level 1		Level 2		Level 3
	(Dollars in thousands)
Impaired loans	$	841	$	0	$	0	$	841
Repossessed collateral		1,129		0		0		1,129


	June 30, 2012
	Total		Level 1		Level 2		Level 3
	(Dollars in thousands)
Impaired loans	$	1,103	$	0	$	0	$	1,103
Repossessed collateral		834		0		0		834

Estimated Fair Value of Company's Financial Instruments

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


	Carrying Amount		Fair Value Measurements at September 30, 2012
	Carrying Amount		Total		Level 1		Level 2		Level 3
	(Dollars in thousands)
Financial assets:
Cash and cash equivalents	$	102,572	$	102,572	$	102,572	$	0	$	0
Available-for-sale securities		137,069		137,069		0		137,069		0
Regulatory stock		5,473		5,473		0		5,473		0
Loans held for sale		12,986		13,005		0		13,005		0
Loans, net		374,525		396,947		0		0		396,947
Accrued interest receivable		1,751		1,751		0		1,751		0
Interest rate caps		0		0		0		0		0
Financial liabilities:
Deposits		455,775		460,273		0		460,273		0
FHLB advances		43,331		45,662		0		45,662		0
Structured repurchase agreements		35,821		36,868		0		36,868		0
Short-term borrowings		484		484		0		484		0
Capital lease obligation		1,869		2,167		0		2,167		0
Subordinated debentures		8,146		8,324		0		0		8,324
Interest rate swaps		575		575		0		575		0


	Carrying Amount		Fair Value Measurements at June 30, 2012
	Carrying Amount		Total		Level 1		Level 2		Level 3
	(Dollars in thousands)
Financial assets:
Cash and cash equivalents	$	128,274	$	128,274	$	128,274	$	0	$	0
Available-for-sale securities		133,264		133,264		0		133,264		0
Regulatory stock		5,473		5,473		0		5,473		0
Loans held for sale		9,882		9,896		0		9,896		0
Loans, net		355,430		374,062		0		0		374,062
Accrued interest receivable		1,840		1,840		0		1,840		0
Interest rate caps		1		1		0		1		0
Financial liabilities:
Deposits		422,188		425,782		0		425,782		0
FHLB advances		43,450		45,747		0		45,747		0
Structured repurchase agreements		66,183		67,314		0		67,314		0
Short-term borrowings		1,209		1,209		0		1,209		0
Capital lease obligation		1,911		2,202		0		2,202		0
Subordinated debentures		8,106		8,597		0		0		8,597
Interest rate swaps		580		580		0		580		0

Derivatives and Hedging Activities (Tables)

3 Months Ended

Sep. 30, 2012

Outstanding Interest Rate Caps and Swap Agreements Used to Hedge Variable Rate Debt

The Company expects to record interest expense of $28 thousand related to its purchased interest rate caps in the next twelve months.


	September 30, 2012						June 30, 2012
	Interest Rate Caps			Interest Rate Swap			Interest Rate Caps			Interest Rate Swap
	(Dollars in thousands)
Notional amount	$	6,000		$	10,000		$	6,000		$	10,000
Weighted average pay rate					4.69	%					4.69	%
Weighted average receive rate					2.35	%					2.36	%
Strike rate based on three month LIBOR		2.51	%					2.51	%
Weighted average maturity in years		2.00			2.42			2.25			2.67
Unrealized loss	$	63		$	335		$	69		$	315

Fair Values and Location of Derivatives Designated as Hedging Instruments

The following sets forth the fair values and location of derivatives designated as hedging instruments.


September 30, 2012
(Dollars in thousands)
Asset Derivatives	Balance Sheet Location	Fair Value
Interest rate caps	Other assets	$	0

Liability Derivatives	Balance Sheet Location	Fair Value
Interest rate swap	Other liabilities	$	575


June 30, 2012
(Dollars in thousands)
Asset Derivatives	Balance Sheet Location	Fair Value
Interest rate caps	Other assets	$	1

Liability Derivatives	Balance Sheet Location	Fair Value
Interest rate swap	Other liabilities	$	580

- Definition

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

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4B
-URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5624163-113959

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=7476318&loc=d3e41641-113959

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=7476318&loc=d3e41638-113959

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=7476318&loc=d3e41678-113959

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 1B
-URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5580258-113959

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4C
-URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5624171-113959

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 1A
-URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5579245-113959

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5579240-113959

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 25
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6886632&loc=d3e76258-113986

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(n)(2))
-URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e23780-122690

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=7476318&loc=d3e41620-113959

+ Details

Other Comprehensive (Loss) Income (Tables)

3 Months Ended

Sep. 30, 2012

Other Comprehensive Income

The components of other comprehensive (loss) income follow.


	Three Months Ended September 30,
	2012									2011
	Pre-tax Amount			Tax Expense (Benefit)			After-tax Amount			Pre-tax Amount			Tax Expense (Benefit)			After-tax Amount
	(Dollars in thousands)
Unrealized holding gains on available-for-sale securities	$	157		$	53		$	104		$	1,635		$	556		$	1,079
Less: Realized gains (losses)		792			269			523			(53	)		(18	)		(35	)

Unrealized (losses) gains on available-for-sale securities, net		(635	)		(216	)		(419	)		1,688			574			1,114

Unrealized gains on cash flow hedges		6			2			4			(199	)		(68	)		(131	)
Less: Realized gains		18			6			12			22			8			14

Unrealized losses on cash flow hedges, net		(12	)		(4	)		(8	)		(221	)		(76	)		(145	)

Total other comprehensive (loss) income	$	(647	)	$	(220	)	$	(427	)	$	1,467		$	498		$	969

Accumulated other comprehensive (loss) income is comprised of the following.


	September 30, 2012			June 30, 2012
	(Dollars in thousands)
Unrealized (loss) gain on available-for-sale securities	$	(10	)	$	624
Tax effect		3			(212	)

Net-of-tax amount		(7	)		412

Unrealized loss on cash flow hedges		(399	)		(384	)
Tax effect		137			130

Net-of-tax amount		(262	)		(254	)

Accumulated other comprehensive (loss) income	$	(269	)	$	158

Securities Available-for-Sale at Amortized Cost and Approximate Fair Values (Detail) - USD ($) $ in Thousands	Sep. 30, 2012	Jun. 30, 2012
Schedule of Available-for-sale Securities [Line Items]
Total securities available for sale, Fair Value	$ 137,069	$ 133,264
Total securities available for sale, Amortized Cost	137,079	132,640
U.S. Government agency securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Total securities available for sale, Fair Value	45,750	45,808
Total securities available for sale, Amortized Cost	45,690	45,824
Agency mortgage-backed securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Total securities available for sale, Fair Value	91,319	87,456
Total securities available for sale, Amortized Cost	$ 91,389	$ 86,816

- Definition

This element represents the portion of the balance sheet assertion valued at fair value by the entity whether such amount is presented as a separate caption or as a parenthetical disclosure. Additionally, this element may be used in connection with the fair value disclosures required in the footnote disclosures to the financial statements. The element may be used in both the balance sheet and disclosure in the same submission. This item represents Available-for-sale Securities which consist of all investments in certain debt and equity securities neither classified as trading or held-to-maturity securities. A debt security represents a creditor relationship with an enterprise. Debt securities include, among other items, US Treasury securities, US government securities, municipal securities, corporate bonds, convertible debt, commercial paper, and all securitized debt instruments. An equity security represents an ownership interest in an enterprise or the right to acquire or dispose of an ownership interest in an enterprise at fixed or determinable prices. Equity securities include, among other things, common stock, certain preferred stock, warrant rights, call options, and put options, but do not include convertible debt. An entity may opt to provide the reader with additional narrative text to better understand the nature of investments in debt and equity securities which are categorized as Available-for-sale.

+ References + Details

Gross Unrealized Gains and Unrealized Losses on Available-for-sale Securities (Detail) - USD ($) $ in Thousands	Sep. 30, 2012	Jun. 30, 2012
Schedule of Available-for-sale Securities [Line Items]
Gross Unrealized Gains	$ 60	$ 645
Gross Unrealized Losses	70	21
U.S. Government agency securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Gross Unrealized Gains	60	5
Gross Unrealized Losses	0	21
Agency mortgage-backed securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Gross Unrealized Gains	0	640
Gross Unrealized Losses	$ 70	$ 0

Realized Gains and Losses on Available-for-Sale Securities (Detail) - Successor [Member] - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2012	Sep. 30, 2011
Schedule of Available-for-sale Securities [Line Items]
Gross realized gains	$ 831	$ 14
Gross realized losses	(39)	(67)
Net security gains	$ 792	$ (53)

Available-for-sale Securities - Additional Information (Detail) $ in Millions	Sep. 30, 2012 USD ($)
Schedule of Available-for-sale Securities [Line Items]
Investment securities at fair value pledged as collateral for borrowings	$ 54.9

Gross Unrealized Losses and Fair Values Aggregated by Investment Category and Length of Time in Continuous Unrealized Loss Position (Detail) - USD ($) $ in Thousands	Sep. 30, 2012	Jun. 30, 2012
Schedule of Available-for-sale Securities [Line Items]
Fair Value	$ 19,776	$ 36,585
Unrealized Losses	70	21
Fair Value	0	0
Unrealized Losses	0	0
Fair Value	19,776	36,585
Unrealized Losses	70	21
U.S. Government agency securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Fair Value	0	36,585
Unrealized Losses	0	21
Fair Value	0	0
Unrealized Losses	0	0
Fair Value	0	36,585
Unrealized Losses	0	21
Agency mortgage-backed securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Fair Value	19,776	0
Unrealized Losses	70	0
Fair Value	0	0
Unrealized Losses	0	0
Fair Value	19,776	0
Unrealized Losses	$ 70	$ 0

Amortized Cost and Fair Values of Available-for-Sale Debt Securities by Contractual Maturity (Detail) - USD ($) $ in Thousands	Sep. 30, 2012	Jun. 30, 2012
Schedule of Available-for-sale Securities [Line Items]
Due within one year, Fair Value	$ 3,086
Due after one year through five years, Fair Value	42,664
Due after five years through ten years, Fair Value	0
Due after ten years, Fair Value	0
Available-for-sale securities debt maturities, Fair Value	45,750
Mortgage-backed securities, Fair Value	91,319
Available-for-sale securities, Fair Value	137,069	$ 133,264
Due within one year, Amortized Cost	3,080
Due after one year through five years, Amortized Cost	42,610
Due after five years through ten years, Amortized Cost	0
Due after ten years, Amortized Cost	0
Available-for-sale securities debt maturities, Amortized Cost	45,690
Mortgage-backed securities, Amortized Cost	91,389
Available-for-sale securities, Amortized Cost	$ 137,079	$ 132,640

Loans, Allowance for Loan Losses and Credit Quality - Composition of Company Loan Portfolio (Detail) - USD ($) $ in Thousands	Sep. 30, 2012	Jun. 30, 2012
Accounts, Notes, Loans and Financing Receivable [Line Items]
loans	$ 375,193	$ 356,254
Residential real estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
loans	93,200	94,875
Home equity [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
loans	40,576	42,696
Commercial real estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
loans	205,875	180,735
Construction [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
loans	508	1,187
Commercial business [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
loans	19,201	19,612
Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
loans	15,833	17,149
Originated portfolio [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
loans	267,751	271,784
Originated portfolio [Member] \| Residential real estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
loans	89,545	90,944
Originated portfolio [Member] \| Home equity [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
loans	40,576	42,696
Originated portfolio [Member] \| Commercial real estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
loans	102,088	100,196
Originated portfolio [Member] \| Construction [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
loans	508	1,187
Originated portfolio [Member] \| Commercial business [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
loans	19,201	19,612
Originated portfolio [Member] \| Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
loans	15,833	17,149
Purchased portfolio [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
loans	107,442	84,470
Purchased portfolio [Member] \| Residential real estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
loans	3,655	3,931
Purchased portfolio [Member] \| Home equity [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
loans	0	0
Purchased portfolio [Member] \| Commercial real estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
loans	103,787	80,539
Purchased portfolio [Member] \| Construction [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
loans	0	0
Purchased portfolio [Member] \| Commercial business [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
loans	0	0
Purchased portfolio [Member] \| Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
loans	$ 0	$ 0

Loans, Allowance for Loan Losses and Credit Quality - Summary of Purchased Credit (Detail) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2012	Sep. 30, 2011	Jun. 30, 2012
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Line Items]
Contractually required payments receivable	$ 12,980	$ 9,461
Nonaccretable difference	(4,113)	(2,597)
Cash flows expected to be collected	8,867	6,864
Accretable yield	(5,764)	(3,027)
Fair value of loans acquired	3,103	3,837
Beginning balance	7,169	0
Accretion	(601)	(76)
Acquisitions	5,764	3,027
Reclassifications from nonaccretable difference	132	0
Disposals and transfers	(2,951)	0
End balance	9,513	$ 2,951
Unpaid principal balance	24,423		$ 21,359
Carrying amount	$ 13,974		$ 13,866

Loans, Allowance for Loan Losses and Credit Quality - Allowance for Loan Losses by Portfolio Segment (Detail) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2012	Sep. 30, 2011
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance	$ 824	$ 437
Provision (benefit)	228	400
Recoveries	4	37
Charge-offs	(388)	(164)
Ending balance	668	710
Residential Real Estate [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance	214	34
Provision (benefit)	213	114
Recoveries	1	0
Charge-offs	(127)	(24)
Ending balance	301	124
Commercial Real Estate [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance	93	147
Provision (benefit)	(22)	(9)
Recoveries	0	0
Charge-offs	0	(24)
Ending balance	71	114
Commercial Business [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance	292	238
Provision (benefit)	(36)	158
Recoveries	0	22
Charge-offs	(203)	0
Ending balance	53	418
Consumer [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance	225	18
Provision (benefit)	73	137
Recoveries	3	15
Charge-offs	(58)	(116)
Ending balance	243	54
Purchased [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance	0	0
Provision (benefit)	0	0
Recoveries	0	0
Charge-offs	0	0
Ending balance	$ 0	$ 0

Loans, Allowance for Loan Losses and Credit Quality - Allowance for Loan Losses by Portfolio Segment and Impairment Methodology (Detail) - USD ($) $ in Thousands	Sep. 30, 2012	Jun. 30, 2012	Sep. 30, 2011	Jun. 30, 2011
Allowance for loan losses:
Individually evaluated	$ 180	$ 328
Collectively evaluated	488	496
Purchased	0	0
Total	668	824	$ 710	$ 437
Loans:
Individually evaluated	3,651	4,638
Collectively evaluated	264,100	268,201
Purchased	107,442	83,415
Total	375,193	356,254
Nonperforming loan purchased		1,100
Residential Real Estate [Member]
Allowance for loan losses:
Individually evaluated	59	3
Collectively evaluated	242	211
Purchased	0	0
Total	301	214	124	34
Loans:
Individually evaluated	1,546	399
Collectively evaluated	128,575	133,241
Purchased	3,655	3,931
Total	133,776	137,571
Commercial Real Estate [Member]
Allowance for loan losses:
Individually evaluated	43	41
Collectively evaluated	28	52
Purchased	0	0
Total	71	93	114	147
Loans:
Individually evaluated	1,775	3,112
Collectively evaluated	100,821	99,326
Purchased	103,787	79,484
Total	206,383	181,922
Commercial Business [Member]
Allowance for loan losses:
Individually evaluated	47	284
Collectively evaluated	6	8
Purchased	0	0
Total	53	292	418	238
Loans:
Individually evaluated	210	1,127
Collectively evaluated	18,991	18,485
Purchased	0	0
Total	19,201	19,612
Consumer [Member]
Allowance for loan losses:
Individually evaluated	31	0
Collectively evaluated	212	225
Purchased	0	0
Total	243	225	$ 54	$ 18
Loans:
Individually evaluated	120	0
Collectively evaluated	15,713	17,149
Purchased	0	0
Total	$ 15,833	$ 17,149

Loans, Allowance for Loan Losses and Credit Quality - Impaired Loans (Detail) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2012	Sep. 30, 2011	Jun. 30, 2012
Financing Receivable, Impaired [Line Items]
Recorded Investment	$ 2,268		$ 3,207
Unpaid Principal Balance	2,857		4,375
Related Allowance	0		0
Average Recorded Investment	2,738	$ 2,985
Interest Income Recognized	29	26
Recorded Investment	1,383		1,431
Unpaid Principal Balance	1,398		1,485
Related Allowance	180		328
Average Recorded Investment	1,405
Interest Income Recognized	16
Total
Financing Receivable, Impaired [Line Items]
Recorded Investment	3,651		4,638
Unpaid Principal Balance	4,255		5,860
Related Allowance	180		328
Average Recorded Investment	4,143
Interest Income Recognized	45
Originated [Member] \| Residential Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	811		293
Unpaid Principal Balance	1,029		483
Related Allowance	0		0
Average Recorded Investment	552	49
Interest Income Recognized	5	1
Recorded Investment	735		106
Unpaid Principal Balance	722		103
Related Allowance	59		3
Average Recorded Investment	420
Interest Income Recognized	9
Originated [Member] \| Consumer [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	45		0
Unpaid Principal Balance	48		0
Related Allowance	0		0
Average Recorded Investment	22	0
Interest Income Recognized	1	0
Recorded Investment	75		0
Unpaid Principal Balance	77		0
Related Allowance	31		0
Average Recorded Investment	37
Interest Income Recognized	1
Originated [Member] \| Commercial Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	1,249		1,482
Unpaid Principal Balance	1,443		1,738
Related Allowance	0		0
Average Recorded Investment	1,366	1,846
Interest Income Recognized	20	21
Recorded Investment	526		575
Unpaid Principal Balance	517		565
Related Allowance	43		41
Average Recorded Investment	550
Interest Income Recognized	6
Originated [Member] \| Commercial Business [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	163		377
Unpaid Principal Balance	337		692
Related Allowance	0		0
Average Recorded Investment	270	1,090
Interest Income Recognized	3	4
Recorded Investment	47		750
Unpaid Principal Balance	82		817
Related Allowance	47		284
Average Recorded Investment	398
Interest Income Recognized	0
Purchased portfolio [Member] \| Residential Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	0		0
Unpaid Principal Balance	0		0
Related Allowance	0		0
Average Recorded Investment	0	0
Interest Income Recognized	0	0
Recorded Investment	0		0
Unpaid Principal Balance	0		0
Related Allowance	0		0
Average Recorded Investment	0
Interest Income Recognized	0
Purchased portfolio [Member] \| Commercial Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	0		1,055
Unpaid Principal Balance	0		1,462
Related Allowance	0		0
Average Recorded Investment	528	0
Interest Income Recognized	0	$ 0
Recorded Investment	0		0
Unpaid Principal Balance	0		0
Related Allowance	0		$ 0
Average Recorded Investment	0
Interest Income Recognized	$ 0

Loans, Allowance for Loan Losses and Credit Quality - Past Due and Non-Accrual Loans (Detail) - USD ($) $ in Thousands	Sep. 30, 2012	Jun. 30, 2012
Accounts, Notes, Loans and Financing Receivable [Line Items]
30-59 Days	$ 890	$ 536
60-89 Days	932	795
Past Due 90 Days or More-Still Accruing	0	0
Past Due 90 Days or More-Nonaccrual	4,350	5,622
Total Past Due	6,172	6,953
Total Current	369,021	349,301
Total Loans	375,193	356,254
Non-Accrual Loans	5,079	6,114
Originated [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
30-59 Days	890	536
60-89 Days	622	795
Past Due 90 Days or More-Still Accruing	0	0
Past Due 90 Days or More-Nonaccrual	3,684	4,567
Total Past Due	5,196	5,898
Total Current	262,555	265,886
Total Loans	267,751	271,784
Non-Accrual Loans	4,413	5,059
Originated [Member] \| Residential real estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
30-59 Days	151	261
60-89 Days	343	183
Past Due 90 Days or More-Still Accruing	0	0
Past Due 90 Days or More-Nonaccrual	2,869	2,907
Total Past Due	3,363	3,351
Total Current	86,182	87,593
Total Loans	89,545	90,944
Non-Accrual Loans	3,184	3,090
Originated [Member] \| Home equity [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
30-59 Days	55	16
60-89 Days	86	160
Past Due 90 Days or More-Still Accruing	0	0
Past Due 90 Days or More-Nonaccrual	212	136
Total Past Due	353	312
Total Current	40,223	42,384
Total Loans	40,576	42,696
Non-Accrual Loans	289	220
Originated [Member] \| Commercial real estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
30-59 Days	420	0
60-89 Days	70	208
Past Due 90 Days or More-Still Accruing	0	0
Past Due 90 Days or More-Nonaccrual	310	417
Total Past Due	800	625
Total Current	101,293	99,571
Total Loans	102,088	100,196
Non-Accrual Loans	626	417
Originated [Member] \| Construction [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
30-59 Days	0	0
60-89 Days	0	0
Past Due 90 Days or More-Still Accruing	0	0
Past Due 90 Days or More-Nonaccrual	0	0
Total Past Due	0	0
Total Current	508	1,187
Total Loans	508	1,187
Non-Accrual Loans	0	0
Originated [Member] \| Commercial business [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
30-59 Days	7	0
60-89 Days	6	107
Past Due 90 Days or More-Still Accruing	0	0
Past Due 90 Days or More-Nonaccrual	47	901
Total Past Due	60	1,008
Total Current	19,071	18,604
Total Loans	19,201	19,612
Non-Accrual Loans	133	1,008
Originated [Member] \| Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
30-59 Days	257	259
60-89 Days	117	137
Past Due 90 Days or More-Still Accruing	0	0
Past Due 90 Days or More-Nonaccrual	246	206
Total Past Due	620	602
Total Current	15,278	16,547
Total Loans	15,833	17,149
Non-Accrual Loans	181	324
Purchased portfolio [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
30-59 Days	0	0
60-89 Days	310	0
Past Due 90 Days or More-Still Accruing	0	0
Past Due 90 Days or More-Nonaccrual	666	1,055
Total Past Due	976	1,055
Total Current	106,466	83,415
Total Loans	107,442	84,470
Non-Accrual Loans	666	1,055
Purchased portfolio [Member] \| Commercial real estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
30-59 Days	0	0
60-89 Days	310	0
Past Due 90 Days or More-Still Accruing	0	0
Past Due 90 Days or More-Nonaccrual	666	1,055
Total Past Due	976	1,055
Total Current	102,811	79,484
Total Loans	103,787	80,539
Non-Accrual Loans	666	1,055
Purchased portfolio [Member] \| Residential real estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
30-59 Days	0	0
60-89 Days	0	0
Past Due 90 Days or More-Still Accruing	0	0
Past Due 90 Days or More-Nonaccrual	0	0
Total Past Due	0	0
Total Current	3,655	3,931
Total Loans	3,655	3,931
Non-Accrual Loans	$ 0	$ 0

Loans, Allowance for Loan Losses and Credit Quality - Loans Modified in Troubled Debt Restructurings (Detail) $ in Thousands	3 Months Ended
	Sep. 30, 2012 USD ($) Contract
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of Contracts \| Contract	1
Recorded Investment Pre-Modification	$ 222
Recorded Investment Post-Modification	$ 222
Originated portfolio [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of Contracts \| Contract	1
Recorded Investment Pre-Modification	$ 222
Recorded Investment Post-Modification	$ 222
Originated portfolio [Member] \| Residential real estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of Contracts \| Contract	1
Recorded Investment Pre-Modification	$ 222
Recorded Investment Post-Modification	$ 222
Originated portfolio [Member] \| Home equity [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of Contracts \| Contract	0
Recorded Investment Pre-Modification	$ 0
Recorded Investment Post-Modification	$ 0
Originated portfolio [Member] \| Commercial real estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of Contracts \| Contract	0
Recorded Investment Pre-Modification	$ 0
Recorded Investment Post-Modification	$ 0
Originated portfolio [Member] \| Construction Contracts [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of Contracts \| Contract	0
Recorded Investment Pre-Modification	$ 0
Recorded Investment Post-Modification	$ 0
Originated portfolio [Member] \| Commercial business [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of Contracts \| Contract	0
Recorded Investment Pre-Modification	$ 0
Recorded Investment Post-Modification	$ 0
Originated portfolio [Member] \| Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of Contracts \| Contract	0
Recorded Investment Pre-Modification	$ 0
Recorded Investment Post-Modification	$ 0
Purchased portfolio [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of Contracts \| Contract	0
Recorded Investment Pre-Modification	$ 0
Recorded Investment Post-Modification	$ 0
Purchased portfolio [Member] \| Residential real estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of Contracts \| Contract	0
Recorded Investment Pre-Modification	$ 0
Recorded Investment Post-Modification	$ 0
Purchased portfolio [Member] \| Commercial real estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of Contracts \| Contract	0
Recorded Investment Pre-Modification	$ 0
Recorded Investment Post-Modification	$ 0

Loans, Allowance for Loan Losses and Credit Quality -Additional Information (Detail) $ in Millions	Sep. 30, 2012 USD ($)
Consumer Residential Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Residential and consumer loans discharged in bankruptcy	$ 1.1

Loans, Allowance for Loan Losses and Credit Quality - Troubled Debt Restructuring During the Period (Detail) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Sep. 30, 2012	Jun. 30, 2012
Financing Receivable, Modifications [Line Items]
TDRs, On Accrual Status	$ 2,010	$ 1,165
TDRs, On Nonaccrual Status	611	139
TDRs, Total	2,621	1,304
Originated portfolio [Member]
Financing Receivable, Modifications [Line Items]
TDRs, On Accrual Status	2,010	1,165
TDRs, On Nonaccrual Status	611	139
TDRs, Total	2,621	1,304
Originated portfolio [Member] \| Residential real estate [Member]
Financing Receivable, Modifications [Line Items]
TDRs, On Accrual Status	312	92
TDRs, On Nonaccrual Status	214	139
TDRs, Total	526	231
Originated portfolio [Member] \| Home equity [Member]
Financing Receivable, Modifications [Line Items]
TDRs, On Accrual Status	34	20
TDRs, On Nonaccrual Status	49	0
TDRs, Total	83	20
Originated portfolio [Member] \| Commercial real estate [Member]
Financing Receivable, Modifications [Line Items]
TDRs, On Accrual Status	1,059	1,053
TDRs, On Nonaccrual Status	0	0
TDRs, Total	1,059	1,053
Originated portfolio [Member] \| Construction Contracts [Member]
Financing Receivable, Modifications [Line Items]
TDRs, On Accrual Status	0	0
TDRs, On Nonaccrual Status	0	0
TDRs, Total	0	0
Originated portfolio [Member] \| Commercial business [Member]
Financing Receivable, Modifications [Line Items]
TDRs, On Accrual Status	0	0
TDRs, On Nonaccrual Status	0	0
TDRs, Total	0	0
Originated portfolio [Member] \| Consumer [Member]
Financing Receivable, Modifications [Line Items]
TDRs, On Accrual Status	605	0
TDRs, On Nonaccrual Status	348	0
TDRs, Total	953	0
Purchased portfolio [Member]
Financing Receivable, Modifications [Line Items]
TDRs, On Accrual Status	0	0
TDRs, On Nonaccrual Status	0	0
TDRs, Total	0	0
Purchased portfolio [Member] \| Residential real estate [Member]
Financing Receivable, Modifications [Line Items]
TDRs, On Accrual Status	0	0
TDRs, On Nonaccrual Status	0	0
TDRs, Total	0	0
Purchased portfolio [Member] \| Commercial real estate [Member]
Financing Receivable, Modifications [Line Items]
TDRs, On Accrual Status	0	0
TDRs, On Nonaccrual Status	0	0
TDRs, Total	$ 0	$ 0

Stock-based Compensation - Additional Information (Detail) $ / shares in Units, $ in Thousands	3 Months Ended
	Sep. 30, 2012 USD ($) Installment $ / shares shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Maximum number of shares authorized under the plan	810,054
Restricted stock granted to a senior executive	13,026
Weighted average grant date fair value of restricted stock granted to the senior executive \| $ / shares	$ 13.93
Restricted stock granted to a senior executive, vesting percentage	40.00%
Restricted stock granted to a senior executive, 40% vesting date	Dec. 29, 2012
Restricted stock granted to a senior executive, remaining shares vesting number of annual installments \| Installment	3
Maximum liability payable under performance-based stock appreciation rights total \| $	$ 48

Stock-based Compensation - Stock Option Activity (Detail)	3 Months Ended
	Sep. 30, 2012 $ / shares shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Outstanding at beginning of period, shares \| shares	796,049
Granted, shares \| shares	0
Exercised, shares \| shares	0
Forfeited, shares \| shares	(7,500)
Options Outstanding Number \| shares	788,549
Options Exercisable, Shares \| shares	54,175
Options outstanding at beginning of period, Weighted Average Exercise Price \| $ / shares	$ 13.98
Granted, Weighted Average Exercise Price \| $ / shares	0.00
Exercised, Weighted Average Exercise Price \| $ / shares	0.00
Forfeited, Weighted Average Exercise Price \| $ / shares	12.63
Options outstanding at end of period, Weighted Average Exercise Price \| $ / shares	14.00
Options Exercisable, Weighted Average Exercise Price \| $ / shares	$ 14.11

Stock-based Compensation - Information About Stock Options Outstanding (Detail)	3 Months Ended
	Sep. 30, 2012 USD ($) $ / shares shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options outstanding at end of period, Weighted Average Exercise Price \| $ / shares	$ 14.00
Options Outstanding Number \| shares	788,549
Outstanding Weighted Average Remaining Life	8 years 3 months 18 days
Outstanding Aggregate Intrinsic Value \| $	$ 0
Exercisable Weighted Average Exercise Price \| $ / shares	$ 14.11
Options Exercisable Number \| shares	54,175
Exercisable Weighted Average Remaining Life	8 years 3 months 18 days
Exercisable Aggregate Intrinsic Value \| $	$ 0
Option 1 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options outstanding at end of period, Weighted Average Exercise Price \| $ / shares	$ 12.63
Options Outstanding Number \| shares	32,500
Outstanding Weighted Average Remaining Life	9 years 3 months 18 days
Outstanding Aggregate Intrinsic Value \| $	$ 0
Exercisable Weighted Average Exercise Price \| $ / shares	$ 12.63
Options Exercisable Number \| shares	0
Exercisable Weighted Average Remaining Life	9 years 3 months 18 days
Exercisable Aggregate Intrinsic Value \| $	$ 0
Option 2 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options outstanding at end of period, Weighted Average Exercise Price \| $ / shares	$ 13.93
Options Outstanding Number \| shares	594,039
Outstanding Weighted Average Remaining Life	8 years 3 months 18 days
Outstanding Aggregate Intrinsic Value \| $	$ 0
Exercisable Weighted Average Exercise Price \| $ / shares	$ 13.93
Options Exercisable Number \| shares	37,975
Exercisable Weighted Average Remaining Life	8 years 3 months 18 days
Exercisable Aggregate Intrinsic Value \| $	$ 0
Option 3 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options outstanding at end of period, Weighted Average Exercise Price \| $ / shares	$ 14.52
Options Outstanding Number \| shares	162,010
Outstanding Weighted Average Remaining Life	8 years 3 months 18 days
Outstanding Aggregate Intrinsic Value \| $	$ 0
Exercisable Weighted Average Exercise Price \| $ / shares	$ 14.52
Options Exercisable Number \| shares	16,200
Exercisable Weighted Average Remaining Life	8 years 3 months 18 days
Exercisable Aggregate Intrinsic Value \| $	$ 0

Stock-based Compensation - Estimated Amount and Timing of Future Pre-tax Stock-based Compensation Expense (Detail) $ in Thousands	3 Months Ended
	Sep. 30, 2012 USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
2013	$ 336
2014	435
2015	416
2016	268
2017	64
Total	1,519
Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
2013	309
2014	399
2015	380
2016	250
2017	64
Total	1,402
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
2013	27
2014	36
2015	36
2016	18
2017	0
Total	$ 117

Discontinued Operations - Additional Information (Detail) $ in Thousands	3 Months Ended		12 Months Ended
	Sep. 30, 2012 USD ($)	Sep. 30, 2011 USD ($)	Jun. 30, 2012 USD ($)	Aug. 31, 2011 Location
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of offices \| Location				9
NGIB [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Additional gain on sale of discontinued operations		$ 37
Total gain on sale of discontinued operations			$ 1,600
Repayments of debt	$ 2,100

Discontinued Operations - Summary of Sale Transactions (Detail) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2012	Sep. 30, 2011
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Sale proceeds		$ 9,726
Customer lists and other intangible assets, net		7,379
Fixed assets, net of accumulated depreciation		157
Severance and other direct expenses		661
Pre-tax gain recognized	$ 0	$ 1,529

Earnings Per Share (EPS) - Number of Shares Outstanding for Basic and Diluted EPS (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Sep. 30, 2012	Sep. 30, 2011
Schedule Of Computation Of Basic And Diluted Earnings Per Common Share [Line Items]
Net income	$ 1,034	$ 529
Preferred stock dividends	(53)	(53)
Accretion of preferred stock	(45)	(45)
Net income (loss) available to common shareholders	$ 936	$ 431
Weighted average shares used in calculation of basic earnings per share	10,383,441	3,494,498
Incremental shares from assumed exercise of dilutive securities	0	19,047
Weighted average shares used in calculation of diluted earnings per share	10,383,441	3,513,545
Earnings per common share:
Income (loss) from continuing operations	$ 0.09	$ (0.13)
Income from discontinued operations	0.00	0.25
Earnings per common share	0.09	0.12
Diluted earnings per common share:
Income (loss) from continuing operations	0.09	(0.13)
Income from discontinued operations	0.00	0.25
Diluted earnings per common share	$ 0.09	$ 0.12

Earning Per share (EPS) - Anti-Dilutive Options and Warrants (Detail) - shares	3 Months Ended
	Sep. 30, 2012	Sep. 30, 2011
Anti-dilutive securities	856,507	756,049
Stock Option [Member]
Anti-dilutive securities	788,549	756,049
Warrant [Member]
Anti-dilutive securities	67,958	0

- Definition

Securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) or earnings per unit (EPU) in the future that were not included in the computation of diluted EPS or EPU because to do so would increase EPS or EPU amounts or decrease loss per share or unit amounts for the period presented.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Antidilution
-URI http://asc.fasb.org/extlink&oid=6505113

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Diluted Earnings Per Share
-URI http://asc.fasb.org/extlink&oid=6510752

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Contingent Stock Agreement
-URI http://asc.fasb.org/extlink&oid=6508534

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 128
-Paragraph 40
-Subparagraph c
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 128
-Paragraph 13, 14
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Emerging Issues Task Force (EITF)
-Number 07-4
-Paragraph 4
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 128
-Paragraph 171
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Assets and Liabilities Measured at Fair Value on Recurring Basis (Detail) - USD ($) $ in Thousands	Sep. 30, 2012	Jun. 30, 2012
U.S. Government agency securities [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
U.S. Government agency securities	$ 45,750	$ 45,808
Agency mortgage-backed securities [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Agency mortgage-backed securities	91,319	87,456
Interest rate caps [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Other assets - interest rate caps	0	1
Interest Rate Swap [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Other liabilities - interest rate swap	575	580
Fair Value, Inputs, Level 1 [Member] \| U.S. Government agency securities [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
U.S. Government agency securities	0	0
Fair Value, Inputs, Level 1 [Member] \| Agency mortgage-backed securities [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Agency mortgage-backed securities	0	0
Fair Value, Inputs, Level 1 [Member] \| Interest rate caps [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Other assets - interest rate caps	0	0
Fair Value, Inputs, Level 1 [Member] \| Interest Rate Swap [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Other liabilities - interest rate swap	0	0
Fair Value, Inputs, Level 2 [Member] \| U.S. Government agency securities [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
U.S. Government agency securities	45,750	45,808
Fair Value, Inputs, Level 2 [Member] \| Agency mortgage-backed securities [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Agency mortgage-backed securities	91,319	87,456
Fair Value, Inputs, Level 2 [Member] \| Interest rate caps [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Other assets - interest rate caps	0	1
Fair Value, Inputs, Level 2 [Member] \| Interest Rate Swap [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Other liabilities - interest rate swap	575	580
Fair Value, Inputs, Level 3 [Member] \| U.S. Government agency securities [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
U.S. Government agency securities	0	0
Fair Value, Inputs, Level 3 [Member] \| Agency mortgage-backed securities [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Agency mortgage-backed securities	0	0
Fair Value, Inputs, Level 3 [Member] \| Interest rate caps [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Other assets - interest rate caps	0	0
Fair Value, Inputs, Level 3 [Member] \| Interest Rate Swap [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Other liabilities - interest rate swap	$ 0	$ 0

Assets Measured at Fair Value on Nonrecurring Basis (Detail) - USD ($) $ in Thousands	Sep. 30, 2012	Jun. 30, 2012
Fair Value Assets And Liabilities Measured On Nonrecurring Basis [Line Items]
Impaired loans	$ 841	$ 1,103
Repossessed collateral	1,129	834
Fair Value, Inputs, Level 1 [Member]
Fair Value Assets And Liabilities Measured On Nonrecurring Basis [Line Items]
Impaired loans	0	0
Repossessed collateral	0	0
Fair Value, Inputs, Level 2 [Member]
Fair Value Assets And Liabilities Measured On Nonrecurring Basis [Line Items]
Impaired loans	0	0
Repossessed collateral	0	0
Fair Value, Inputs, Level 3 [Member]
Fair Value Assets And Liabilities Measured On Nonrecurring Basis [Line Items]
Impaired loans	841	1,103
Repossessed collateral	$ 1,129	$ 834

Estimated Fair Value of Company's Financial Instruments (Detail) - USD ($) $ in Thousands	Sep. 30, 2012	Jun. 30, 2012
Fair Value Of Financial Instruments [Line Items]
Cash and cash equivalents	$ 102,572	$ 128,274
Available-for-sale securities	137,069	133,264
Regulatory stock	5,473	5,473
Loans held for sale	12,986	9,882
Loans, net	374,525	355,430
Accrued interest receivable	1,751	1,840
Interest rate caps	0	1
Cash and cash equivalents	102,572	128,274
Available-for-sale securities	137,069	133,264
Regulatory stock	5,473	5,473
Loans held for sale	13,005	9,896
Loans, net	396,947	374,062
Accrued interest receivable	1,751	1,840
Interest rate caps	0	1
Deposits	455,775	422,188
FHLB advances	43,331	43,450
Structured repurchase agreements	35,821	66,183
Short-term borrowings	484	1,209
Capital lease obligation	1,869	1,911
Subordinated debentures	8,146	8,106
Interest rate swaps	575	580
Deposits	460,273	425,782
FHLB advances	45,662	45,747
Structured repurchase agreements	36,868	67,314
Short-term borrowings	484	1,209
Capital lease obligation	2,167	2,202
Subordinated debentures	8,324	8,597
Interest rate swaps	575	580
Fair Value, Inputs, Level 1 [Member]
Fair Value Of Financial Instruments [Line Items]
Interest rate caps	0	0
Cash and cash equivalents	102,572	128,274
Available-for-sale securities	0	0
Regulatory stock	0	0
Loans held for sale	0	0
Loans, net	0	0
Accrued interest receivable	0	0
Interest rate caps	0	0
Deposits	0	0
FHLB advances	0	0
Structured repurchase agreements	0	0
Short-term borrowings	0	0
Capital lease obligation	0	0
Subordinated debentures	0	0
Interest rate swaps	0	0
Fair Value, Inputs, Level 2 [Member]
Fair Value Of Financial Instruments [Line Items]
Interest rate caps	0	1
Cash and cash equivalents	0	0
Available-for-sale securities	137,069	133,264
Regulatory stock	5,473	5,473
Loans held for sale	13,005	9,896
Loans, net	0	0
Accrued interest receivable	1,751	1,840
Interest rate caps	0	1
Deposits	460,273	425,782
FHLB advances	45,662	45,747
Structured repurchase agreements	36,868	67,314
Short-term borrowings	484	1,209
Capital lease obligation	2,167	2,202
Subordinated debentures	0	0
Interest rate swaps	575	580
Fair Value, Inputs, Level 3 [Member]
Fair Value Of Financial Instruments [Line Items]
Interest rate caps	0	0
Cash and cash equivalents	0	0
Available-for-sale securities	0	0
Regulatory stock	0	0
Loans held for sale	0	0
Loans, net	396,947	374,062
Accrued interest receivable	0	0
Interest rate caps	0	0
Deposits	0	0
FHLB advances	0	0
Structured repurchase agreements	0	0
Short-term borrowings	0	0
Capital lease obligation	0	0
Subordinated debentures	8,324	8,597
Interest rate swaps	$ 0	$ 0

Derivatives - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2012	Sep. 30, 2011	Jun. 30, 2012
Derivative [Line Items]
Margin account balance	$ 800		$ 800
Interest Rate Swap [Member]
Derivative [Line Items]
Income on hedge ineffectiveness	25	$ 25
Interest Income on hedge ineffectiveness related to next twelve months	100
Interest Rate Cap [Member]
Derivative [Line Items]
Hedge gain reclassified as interest expense	7	$ 4
Hedge gain reclassified as interest expense related to next twelve months	$ 28

Outstanding Interest Rate Caps and Swap Agreements Used to Hedge Variable Rate Debt (Detail) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Sep. 30, 2012	Jun. 30, 2012
Interest Rate Cap [Member]
Derivative [Line Items]
Notional amount	$ 6,000	$ 6,000
Strike rate based on three month LIBOR	2.51%	2.51%
Weighted average maturity in years	2 years	2 years 3 months
Unrealized loss	$ 63	$ 69
Interest Rate Swap [Member]
Derivative [Line Items]
Notional amount	$ 10,000	$ 10,000
Weighted average pay rate	4.69%	4.69%
Weighted average receive rate	2.35%	2.36%
Weighted average maturity in years	2 years 5 months 1 day	2 years 8 months 1 day
Unrealized loss	$ 335	$ 315

Fair Values and Location of Derivatives Designated as Hedging Instruments (Detail) - USD ($) $ in Thousands	Sep. 30, 2012	Jun. 30, 2012
Interest Rate Cap [Member]
Derivative [Line Items]
Interest rate caps	$ 0	$ 1
Interest Rate Swap [Member]
Derivative [Line Items]
Interest rate swap	$ 575	$ 580

Accumulated Other Comprehensive Income (Loss) Components (Detail) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Sep. 30, 2012	Sep. 30, 2011	Jun. 30, 2012
Other Comprehensive Income [Line Items]
Unrealized holding gains on available-for-sale securities	$ 104	$ 1,079
Less: Realized gains (losses)	523	(35)
Unrealized (losses) gains on available-for-sale securities, net	(419)	1,114
Unrealized gains on cash flow hedges	4	(131)
Less: Realized gains	12	14
Unrealized losses on cash flow hedges, net	(8)	(145)
Other comprehensive (loss) income, net of tax	(427)	969
Unrealized holding gains on available-for-sale securities	53	556
Less: Realized gains (losses)	269	(18)
Unrealized (losses) gains on available-for-sale securities, net	(216)	574
Unrealized gains on cash flow hedges	2	(68)
Less: Realized gains	6	8
Unrealized losses on cash flow hedges, net	(4)	(76)
Total other comprehensive (loss) income	(220)	498
Unrealized holding gains on available-for-sale securities	157	1,635
Less: Realized gains (losses)	792	(53)
Total available-for-sale securities	(635)	1,688
Unrealized gains on cash flow hedges	6	(199)
Less: Realized gains	18	22
Total derivatives and hedging activities	(12)	(221)
Total other comprehensive (loss) income	(647)	$ 1,467
Unrealized (loss) gain on available-for-sale securities	(10)		$ 624
Tax effect	3		(212)
Net-of-tax amount	(7)		412
Unrealized loss on cash flow hedges	(399)		(384)
Tax effect	137		130
Net-of-tax amount	(262)		(254)
Accumulated other comprehensive (loss) income	$ (269)		$ 158

Troubled Asset Relief Capital Purchase Program - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended
	Sep. 30, 2012	Jun. 30, 2012	Dec. 12, 2008
Preferred Stock [Line Items]
Cumulative perpetual preferred stock shares issued			4,227
Liquidation preference	$ 1,000	$ 1,000	$ 1,000
Number of shares to be purchased by common stock warrant			67,958
Aggregate proceeds issuance of cumulative perpetual preferred stock	$ 4.2
TARP Warrant exercisable price	$ 9.33
Minimum [Member]
Preferred Stock [Line Items]
Cumulative dividends rate	5.00%
Maximum [Member]
Preferred Stock [Line Items]
Cumulative dividends rate	9.00%

- Definition

The per share liquidation preference (or restrictions) of nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer) that has a preference in involuntary liquidation considerably in excess of the par or stated value of the shares. The liquidation preference is the difference between the preference in liquidation and the par or stated values of the share.

+ References + Details

Loans, Allowance for Loan Losses and Credit Quality - Loans by Risk Rating (Detail) - USD ($) $ in Thousands	Sep. 30, 2012	Jun. 30, 2012
Originated portfolio [Member] \| Commercial Real Estate [Member]
Commercial Mortgage Loans By Credit Quality Indicator [Line Items]
Loans by Risk	$ 102,088	$ 100,196
Originated portfolio [Member] \| Construction Contracts [Member]
Commercial Mortgage Loans By Credit Quality Indicator [Line Items]
Loans by Risk	508	1,187
Originated portfolio [Member] \| Commercial Business [Member]
Commercial Mortgage Loans By Credit Quality Indicator [Line Items]
Loans by Risk	19,201	19,612
Originated portfolio [Member] \| Loans rated 1- 6 [Member] \| Commercial Real Estate [Member]
Commercial Mortgage Loans By Credit Quality Indicator [Line Items]
Loans by Risk	98,878	96,963
Originated portfolio [Member] \| Loans rated 1- 6 [Member] \| Construction Contracts [Member]
Commercial Mortgage Loans By Credit Quality Indicator [Line Items]
Loans by Risk	508	1,187
Originated portfolio [Member] \| Loans rated 1- 6 [Member] \| Commercial Business [Member]
Commercial Mortgage Loans By Credit Quality Indicator [Line Items]
Loans by Risk	18,686	18,223
Originated portfolio [Member] \| Loans rated 7 [Member] \| Commercial Real Estate [Member]
Commercial Mortgage Loans By Credit Quality Indicator [Line Items]
Loans by Risk	1,872	1,886
Originated portfolio [Member] \| Loans rated 7 [Member] \| Construction Contracts [Member]
Commercial Mortgage Loans By Credit Quality Indicator [Line Items]
Loans by Risk	0	0
Originated portfolio [Member] \| Loans rated 7 [Member] \| Commercial Business [Member]
Commercial Mortgage Loans By Credit Quality Indicator [Line Items]
Loans by Risk	247	250
Originated portfolio [Member] \| Loans rated 8 [Member] \| Commercial Real Estate [Member]
Commercial Mortgage Loans By Credit Quality Indicator [Line Items]
Loans by Risk	1,338	1,347
Originated portfolio [Member] \| Loans rated 8 [Member] \| Construction Contracts [Member]
Commercial Mortgage Loans By Credit Quality Indicator [Line Items]
Loans by Risk	0	0
Originated portfolio [Member] \| Loans rated 8 [Member] \| Commercial Business [Member]
Commercial Mortgage Loans By Credit Quality Indicator [Line Items]
Loans by Risk	268	1,139
Originated portfolio [Member] \| Loans rated 9 [Member] \| Commercial Real Estate [Member]
Commercial Mortgage Loans By Credit Quality Indicator [Line Items]
Loans by Risk	0	0
Originated portfolio [Member] \| Loans rated 9 [Member] \| Construction Contracts [Member]
Commercial Mortgage Loans By Credit Quality Indicator [Line Items]
Loans by Risk	0	0
Originated portfolio [Member] \| Loans rated 9 [Member] \| Commercial Business [Member]
Commercial Mortgage Loans By Credit Quality Indicator [Line Items]
Loans by Risk	0	0
Originated portfolio [Member] \| Loans rated 10 [Member] \| Commercial Real Estate [Member]
Commercial Mortgage Loans By Credit Quality Indicator [Line Items]
Loans by Risk	0	0
Originated portfolio [Member] \| Loans rated 10 [Member] \| Construction Contracts [Member]
Commercial Mortgage Loans By Credit Quality Indicator [Line Items]
Loans by Risk	0	0
Originated portfolio [Member] \| Loans rated 10 [Member] \| Commercial Business [Member]
Commercial Mortgage Loans By Credit Quality Indicator [Line Items]
Loans by Risk	0	0
Purchased portfolio [Member]
Commercial Mortgage Loans By Credit Quality Indicator [Line Items]
Loans by Risk	107,442	84,470
Purchased portfolio [Member] \| Loans rated 1- 6 [Member]
Commercial Mortgage Loans By Credit Quality Indicator [Line Items]
Loans by Risk	106,124	83,415
Purchased portfolio [Member] \| Loans rated 7 [Member]
Commercial Mortgage Loans By Credit Quality Indicator [Line Items]
Loans by Risk	207	1,055
Purchased portfolio [Member] \| Loans rated 8 [Member]
Commercial Mortgage Loans By Credit Quality Indicator [Line Items]
Loans by Risk	1,111	0
Purchased portfolio [Member] \| Loans rated 9 [Member]
Commercial Mortgage Loans By Credit Quality Indicator [Line Items]
Loans by Risk	0	0
Purchased portfolio [Member] \| Loans rated 10 [Member]
Commercial Mortgage Loans By Credit Quality Indicator [Line Items]
Loans by Risk	$ 0	$ 0