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Document and Entity Information - shares	6 Months Ended
Document and Entity Information - shares	Dec. 31, 2012	Jan. 31, 2013
Entity Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Dec. 31, 2012
Document Fiscal Year Focus	2013
Document Fiscal Period Focus	Q2
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
Entity Information [Line Items]
Entity Common Stock, Shares Outstanding		9,467,372
Non-voting common stock
Entity Information [Line Items]
Entity Common Stock, Shares Outstanding		916,069

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2012	Jun. 30, 2012
Assets
Cash and due from banks	$ 3,284	$ 2,538
Short-term investments	124,328	125,736
Total cash and cash equivalents	127,612	128,274
Available-for-sale securities, at fair value	133,363	133,264
Loans held for sale	8,262	9,882
Loans	392,583	356,254
Less: Allowance for loan losses	875	824
Loans, net	391,708	355,430
Premises and equipment, net	10,434	9,205
Repossessed collateral, net	2,633	834
Accrued interest receivable	2,068	1,840
Federal Home Loan Bank stock, at cost	4,602	4,602
Federal Reserve Bank stock, at cost	871	871
Intangible assets, net	3,957	4,487
Bank owned life insurance	14,148	14,295
Other assets	5,052	6,212
Total assets	704,710	669,196
Deposits
Demand	48,136	45,323
Savings and interest checking	86,231	90,204
Money market	58,351	45,024
Time deposits	308,800	241,637
Total deposits	501,518	422,188
Federal Home Loan Bank advances	43,213	43,450
Structured repurchase agreements	25,637	66,183
Short-term borrowings	1,570	1,209
Junior subordinated debentures issued to affiliated trusts	8,186	8,106
Capital lease obligation	1,827	1,911
Other liabilities	7,828	7,010
Total liabilities	589,779	550,057
Commitments and contingencies
Stockholders' equity
Preferred stock, $1.00 par value, 1,000,000 shares authorized; no shares issued and outstanding at December 31, 2012; 4,227 shares issued and outstanding at June 30, 2012; liquidation preference of $1,000 per share	0	4
Warrants to purchase common stock	0	406
Additional paid-in capital	92,570	96,080
Unearned restricted stock	(109)	(127)
Retained earnings	12,534	12,235
Accumulated other comprehensive (loss) income	(447)	158
Total stockholders' equity	114,931	119,139
Total liabilities and stockholders' equity	704,710	669,196
Voting common stock
Stockholders' equity
Common stock	9,467	9,307
Total stockholders' equity	9,467	9,307
Non-voting common stock
Stockholders' equity
Common stock	916	1,076
Total stockholders' equity	$ 916	$ 1,076

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Dec. 31, 2012	Jun. 30, 2012
Preferred stock, par value (in dollars per share)	$ 1.00	$ 1.00
Preferred stock, shares authorized	1,000,000	1,000,000
Preferred stock, shares issued	0	4,227
Preferred stock, shares outstanding	0	4,227
Preferred stock, liquidation preference per share (in dollars per share)	$ 1,000	$ 1,000
Voting common stock
Common stock, par value (in dollars per share)	$ 1.00	$ 1.00
Common stock, shares authorized	25,000,000	13,500,000
Common stock, issued	9,467,372	9,307,127
Common stock, outstanding	9,467,372	9,307,127
Non-voting common stock
Common stock, par value (in dollars per share)	$ 1.00	$ 1.00
Common stock, shares authorized	3,000,000	1,500,000
Common stock, issued	916,069	1,076,314
Common stock, outstanding	916,069	1,076,314

CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2012	Dec. 31, 2011
Interest and dividend income:
Interest on loans	$ 8,267	$ 5,874	$ 15,608	$ 11,011
Interest on available-for-sale securities	348	541	695	1,180
Other interest and dividend income	109	57	198	116
Total interest and dividend income	8,724	6,472	16,501	12,307
Interest expense:
Deposits	1,028	836	2,006	1,673
Federal Home Loan Bank advances	259	258	518	516
Structured repurchase agreements	161	249	380	497
Short-term borrowings	5	3	11	8
Junior subordinated debentures issued to affiliated trusts	191	185	384	368
Obligation under capital lease agreements	23	25	47	51
Total interest expense	1,667	1,556	3,346	3,113
Net interest and dividend income before provision for loan losses	7,057	4,916	13,155	9,194
Provision for loan losses	247	134	475	534
Net interest and dividend income after provision for loan losses	6,810	4,782	12,680	8,660
Noninterest income:
Fees for other services to customers	462	370	772	710
Net securities gains	0	433	792	380
Gain on sales of loans held for sale	914	770	1,670	1,426
Gain on sales of portfolio loans	998	203	998	203
Gain recognized on repossessed collateral, net	0	73	451	50
Investment commissions	799	704	1,474	1,391
Bank-owned life insurance income	358	126	481	253
Other noninterest income	13	13	56	57
Total noninterest income	3,544	2,692	6,694	4,470
Noninterest expense:
Salaries and employee benefits	4,413	3,729	8,470	7,446
Occupancy and equipment expense	1,147	916	2,225	1,765
Professional fees	399	277	822	692
Data processing fees	284	289	552	563
Marketing expense	252	254	439	345
Loan acquisition and collection expense	479	288	933	570
FDIC insurance premiums	122	122	239	239
Intangible asset amortization	265	337	530	673
Other noninterest expense	771	665	1,425	1,237
Total noninterest expense	8,132	6,877	15,635	13,530
Income (loss) from continuing operations before income tax expense (benefit)	2,222	597	3,739	(400)
Income tax expense (benefit)	705	179	1,189	(224)
Net income (loss) from continuing operations	1,517	418	2,550	(176)
Discontinued operations:
Income from discontinued operations	0	0	0	186
Gain on sale of discontinued operations	0	0	0	1,529
Income tax expense	0	0	0	592
Net income from discontinued operations	0	0	0	1,123
Net income	1,517	418	2,550	947
Net income available to common stockholders	$ 1,259	$ 320	$ 2,195	$ 751
Weighted-average shares outstanding:
Basic (in shares)	10,383,441	3,494,498	10,383,441	3,494,498
Diluted (in shares)	10,383,441	3,511,994	10,383,441	3,494,498
Basic:
Income (loss) from continuing operations (in dollars per share)	$ 0.12	$ 0.09	$ 0.21	$ (0.11)
Income from discontinued operations (in dollars per share)	0.00	0.00	0.00	0.32
Net income (in dollars per share)	0.12	0.09	0.21	0.21
Diluted:
Income (loss) from continuing operations (in dollars per share)	0.12	0.09	0.21	(0.11)
Income from discontinued operations (in dollars per share)	0.00	0.00	0.00	0.32
Net income (in dollars per share)	0.12	0.09	0.21	0.21
Cash dividends declared per common share (in dollars per share)	$ 0.09	$ 0.09	$ 0.18	$ 0.18

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2012	Dec. 31, 2011
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
Net income	$ 1,517	$ 418	$ 2,550	$ 947
Available-for-sale securities:
Change in net unrealized gain or loss on available-for-sale securities	(311)	(273)	(154)	1,363
Reclassification adjustment for net gains included in net income	0	(433)	(792)	(380)
Total available-for-sale securities	(311)	(706)	(946)	983
Derivatives and hedging activities:
Change in accumulated loss on effective cash flow hedges	59	55	65	(143)
Reclassification adjustments for net gains included in net income	(19)	(21)	(37)	(43)
Total derivatives and hedging activities	40	34	28	(186)
Total other comprehensive (loss) income , before tax	(271)	(672)	(918)	797
Income tax (benefit) expense related to other comprehensive (loss) income	(93)	(229)	(313)	271
Other comprehensive (loss) income, net of tax	(178)	(443)	(605)	526
Comprehensive income (loss)	$ 1,339	$ (25)	$ 1,945	$ 1,473

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Total	Voting Common Stock	Non-voting Common Stock	Preferred Stock	Warrants to Purchase Common Stock	Additional Paid-in Capital	Unearned Restricted Stock	Retained Earnings	Accumulated Other Comprehensive Income (Loss)
Balance at Jun. 30, 2011	$ 64,954	$ 3,312	$ 195	$ 4	$ 406	$ 49,700	$ (163)	$ 11,726	$ (226)
Balance (in shares) at Jun. 30, 2011		3,312,173	195,351	4,227
Net income	947	$ 0		$ 0	0	0	0	947	0
Other comprehensive income (loss), net of tax	$ 526	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ 526
Dividends on preferred stock (in shares)	0	0	0	0	0	0	0	0	0
Dividends on preferred stock	$ (106)	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ (106)	$ 0
Dividends on common stock at $0.18 and $ 0.18 per share for the period ended December 31, 2012 and 2011, respectively (in shares)	0	0	0	0	0	0	0	0	0
Dividends on common stock at $0.18 and $ 0.18 per share for the period ended December 31, 2012 and 2011, respectively	$ (631)	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ (631)	$ 0
Stock-based compensation (in shares)	0	0	0	0	0	0	0	0	0
Stock-based compensation	$ 210	$ 0	$ 0	$ 0	$ 0	$ 192	$ 18	$ 0	$ 0
Accretion of preferred stock (in shares)	$ 0	$ 0	$ 0	$ 0		$ 90	$ 0	$ (90)	$ 0
Balance (in shares) at Dec. 31, 2011	0	3,312,173	195,351	4,227	0	0	0	0	0
Balance at Dec. 31, 2011	$ 65,900	$ 3,312	$ 195	$ 4	$ 406	$ 49,982	$ (145)	$ 11,846	$ 300
Balance at Jun. 30, 2012	119,139	$ 9,307	$ 1,076	$ 4	406	96,080	(127)	12,235	158
Balance (in shares) at Jun. 30, 2012		9,307,127	1,076,314	4,227
Net income	2,550	$ 0	$ 0	$ 0	0	0	0	2,550	0
Other comprehensive income (loss), net of tax	$ (605)	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ (605)
Conversion of non-voting common stock to voting common stock (in shares)	0	160,245	(160,245)	0	0	0	0	0	0
Conversion of non-voting common stock to voting common stock		$ 160	$ (160)
Dividends on preferred stock (in shares)	0	0	0	0	0	0	0	0	0
Dividends on preferred stock	$ (113)	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ (113)	$ 0
Dividends on common stock at $0.18 and $ 0.18 per share for the period ended December 31, 2012 and 2011, respectively (in shares)	0	0	0	0	0	0	0	0	0
Dividends on common stock at $0.18 and $ 0.18 per share for the period ended December 31, 2012 and 2011, respectively	$ (1,870)	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ (1,870)	$ 0
Offering costs	$ (60)	$ 0	$ 0	$ 0	$ 0	$ (60)	$ 0	$ 0	$ 0
Stock-based compensation (in shares)	0	0	0	0	0	0	0	0	0
Stock-based compensation	$ 212	$ 0	$ 0	$ 0	$ 0	$ 194	$ 18	$ 0	$ 0
Redemption of preferred stock and warrants (in shares)		0	0	(4,227)
Redemption of preferred stock and warrants	(4,322)	$ 0	$ 0	$ (4)	$ (406)	(3,912)	0	0	0
Accretion of preferred stock (in shares)	$ 0	$ 0	$ 0	$ 0		$ 268	$ 0	$ (268)	$ 0
Balance (in shares) at Dec. 31, 2012	0	9,467,372	916,069	4,227	0	0	0	0	0
Balance at Dec. 31, 2012	$ 114,931	$ 9,467	$ 916	$ 4	$ 0	$ 92,570	$ (109)	$ 12,534	$ (447)

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (Parenthetical) - $ / shares	3 Months Ended		6 Months Ended
	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2012	Dec. 31, 2011
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY
Dividend common stock, per share	$ 0.09	$ 0.09	$ 0.18	$ 0.18

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Dec. 31, 2012	Dec. 31, 2011
Operating activities:
Net income	$ 2,550	$ 947
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Provision for loan losses	475	534
Gain on sale or impairment of repossessed collateral, net	(451)	(50)
Originations of loans held for sale	(73,982)	(72,454)
Net proceeds from sales of loans held for sale	77,272	70,867
Gain on sales of loans held for sale	(1,670)	(1,426)
Gain on sales of portfolio loans	(998)	(203)
Amortization of intangible assets	530	742
Bank-owned life insurance income, net	(481)	(253)
Depreciation of premises and equipment	842	604
Loss on sale of premises and equipment	0	2
Net gain on sale of available-for-sale securities	(792)	(380)
Stock-based compensation	212	210
Gain on sale of assets of insurance division	0	(1,529)
Amortization of securities, net	794	843
Changes in other assets and liabilities:
Interest receivable	(228)	(517)
Decrease in prepaid FDIC assessment	220	323
Other assets and liabilities	2,099	372
Net cash provided by (used in) operating activities	1,647	(4,296)
Investing activities:
Proceeds from sales of available-for-sale securities	159,579	49,053
Purchases of available-for-sale securities	(167,294)	(51,274)
Proceeds from maturities and principal payments on available-for-sale securities	6,668	12,223
Loan purchases	(63,887)	(51,662)
Loan originations and principal collections, net	24,193	14,141
Purchases of premises and equipment	(2,071)	(1,754)
Proceeds from sales of portfolio loans	5,189	711
Proceeds from sales of repossessed collateral	907	660
Proceeds from life insurance benefits	628	0
Proceeds from sale of assets of insurance division	0	9,726
Net cash used in investing activities	(36,088)	(18,176)
Financing activities:
Net increase in deposits	79,867	622
Net increase (decrease) in short-term borrowings	361	(771)
Dividends paid on preferred stock	(113)	(106)
Dividends paid on common stock	(1,870)	(631)
Stock offering costs	(60)	0
Repayment of structured repurchase agreements	(40,000)	0
Repayment of other borrowings	0	(2,129)
Redemption of preferred stock and warrants	(4,322)	0
Repayment of capital lease obligation	(84)	(81)
Net cash provided by (used in) financing activities	33,779	(3,096)
Net decrease in cash and cash equivalents	(662)	(25,568)
Cash and cash equivalents, beginning of period	128,274	83,931
Cash and cash equivalents, end of period	127,612	58,363
Supplemental schedule of noncash investing and financing activities:
Transfers from loans to repossessed collateral	3,310	757
Transfers from repossessed collateral to loans	1,055	0
Loans
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Accretion of fair value adjustments, net	(3,505)	(1,124)
Deposits
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Accretion of fair value adjustments, net	(537)	(716)
Borrowings
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Accretion of fair value adjustments, net	$ (703)	$ (1,088)

Basis of Presentation

6 Months Ended

Dec. 31, 2012

Basis of Presentation

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 December 31, 2012, the results of operations for the three and six months ended December 31, 2012 and 2011, comprehensive income for the three and six months ended December 31, 2012 and 2011, the changes in stockholders’ equity for the six months ended December 31, 2012 and 2011, and the cash flows for the six months ended December 31, 2012 and 2011. Operating results for the six months ended December 31, 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

6 Months Ended

Dec. 31, 2012

Recent Accounting Pronouncements

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

6 Months Ended

Dec. 31, 2012

Securities Available-for-Sale

Securities Available-for-Sale

3. Securities Available-for-Sale

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

	December 31, 2012				June 30, 2012
	Amortized		Fair		Amortized		Fair
	Cost		Value		Cost		Value
	(Dollars in thousands)
U.S. Government agency securities	$	45,556	$	45,618	$	45,824	$	45,808
Agency mortgage-backed securities	88,128		87,745		86,816		87,456
	$	133,684	$	133,363	$	132,640	$	133,264

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

	December 31, 2012				June 30, 2012
	Gross		Gross		Gross		Gross
	Unrealized		Unrealized		Unrealized		Unrealized
	Gains		Losses		Gains		Losses
	(Dollars in thousands)
U.S. Government agency securities	$	62	$	0	$	5	$	21
Agency mortgage-backed securities	95		478		640		0
	$	157	$	478	$	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 December 31,				Six Months Ended December 31,
	2012		2011		2012			2011
	(Dollars in thousands)
Gross realized gains	$	0	$	433	$	831		$	447
Gross realized losses	0		0		(39		)	(67		)
Net security gains	$	0	$	433	$	792		$	380

At December 31, 2012, investment securities with a fair value of approximately $43.1 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.

	December 31, 2012
	Less than 12 Months				More than 12 Months				Total
	Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
	Value		Losses		Value		Losses		Value		Losses
	(Dollars in thousands)
U.S. Government agency securities	$	0	$	0	$	0	$	0	$	0	$	0
Agency mortgage-backed securities	68,560		478		0		0		68,560		478
	$	68,560	$	478	$	0	$	0	$	68,560	$	478

	June 30, 2012
	Less than 12 Months				More than 12 Months				Total
	Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
	Value		Losses		Value		Losses		Value		Losses
	(Dollars in thousands)
U.S. Government agency securities	$	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 and six months ended December 31, 2012 or 2011.

At December 31, 2012, the Company did not have any securities in a continuous loss position for greater than twelve months. At December 31, 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 December 31, 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 December 31, 2012.

The amortized cost and fair values of available-for-sale debt securities by contractual maturity are shown below as of December 31, 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		Fair
	Cost		Value
	(Dollars in thousands)
Due within one year	$	12,080	$	12,096
Due after one year through five years	33,476		33,522
Due after five years through ten years	47,276		47,135
Due after ten years	40,852		40,610
	$	133,684	$	133,363

- Definition

The entire disclosure for investments in certain debt and equity securities.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 320
-Glossary Debt Security
-URI http://asc.fasb.org/extlink&oid=6509901

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 30
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6379141&loc=d3e15032-111544

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 320
-SubTopic 10
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=6872113&loc=d3e27290-111563

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 320
-Glossary Equity Security
-URI http://asc.fasb.org/extlink&oid=6511694

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 320
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=6872113&loc=d3e27232-111563

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 320
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6957658&loc=d3e62557-112803

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 320
-SubTopic 10
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=6872113&loc=d3e27357-111563

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 320
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6872113&loc=d3e27161-111563

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 320
-SubTopic 10
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=6872113&loc=d3e27405-111563

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 115
-Paragraph 3, 19, 20, 21, 22, 137
-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

Loans, Allowance for Loan Losses and Credit Quality

6 Months Ended

Dec. 31, 2012

Loans, Allowance for Loan Losses and Credit Quality

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 the Bank’s 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. Interest on nonaccrual loans is accounted for on a cash-basis or using the cost-recovery method when collectability is doubtful. A loan is returned to accrual status when collectability of principal is reasonably assured and the loan has performed for a reasonable period of time.

In cases where a borrower experiences financial difficulties and the Company makes certain concessionary modifications to contractual terms, the loan is classified as a 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. For loans accounted for under ASC 310-30, the Company evaluates whether it has granted a concession by comparing the restructured debt terms to the expected cash flows at acquisition plus any additional cash flows expected to be collected arising from changes in estimate after acquisition. As a result, if an ASC 310-30 loan is modified to be consistent with, or better than, the Company’s expectations at acquisition, the loan would not qualify as a TDR. 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.

	December 31, 2012						June 30, 2012
	Originated		Purchased		Total		Originated		Purchased		Total
	(Dollars in thousands)
Residential real estate	$	84,678	$	4,254	$	88,932	$	90,944	$	3,931	$	94,875
Home equity	39,041		0		39,041		42,696		0		42,696
Commercial real estate	103,071		129,470		232,541		100,196		80,539		180,735
Construction	42		0		42		1,187		0		1,187
Commercial business	17,134		0		17,134		19,612		0		19,612
Consumer	14,893		0		14,893		17,149		0		17,149
Total loans	$	258,859	$	133,724	$	392,583	$	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 six months ended December 31, 2012 and 2011.

	PCI Loans Acquired
	Six Months Ended December 31,
	2012			2011
	(Dollars in thousands)
Contractually required payments receivable	$	44,575		$	10,064
Nonaccretable difference	(10,814		)	(2,958		)
Cash flows expected to be collected	33,761			7,106
Accretable yield	(14,214		)	(3,122		)
Fair value of loans acquired	$	19,547		$	3,984

	PCI Loans: Activity in Accretable Yield
	Six Months Ended December 31,
	2012			2011
	(Dollars in thousands)
Beginning balance	$	7,169		$	0
Accretion	(2,052		)	(564		)
Acquisitions	14,214			3,122
Reclassifications from nonaccretable difference	894			210
Disposals and transfers	(2,951		)	(614		)
Other changes	23			0
End balance	$	17,297		$	2,154

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

	December 31, 2012		June 30, 2012
	(Dollars in thousands)
Unpaid principal balance	$	49,768	$	21,359
Carrying amount	$	30,104	$	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: 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 and six months ended December 31, 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 than 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 December 31, 2012
	Residential			Commercial			Commercial
	Real Estate			Real Estate			Business			Consumer			Purchased (1)		Total
	(Dollars in thousands)
Beginning balance	$	301		$	71		$	53		$	243		$	0	$	668
Provision (benefit)	199			32			(6		)	22			0		247
Recoveries	0			0			0			5			0		5
Charge-offs	(8		)	(1		)	0			(36		)	0		(45		)
Ending balance	$	492		$	102		$	47		$	234		$	0	$	875

	Three months ended December 31, 2011
	Residential			Commercial		Commercial
	Real Estate			Real Estate		Business			Consumer			Purchased (1)		Total
	(Dollars in thousands)
Beginning balance	$	124		$	114	$	418		$	54		$	0	$	710
Provision (benefit)	33			33		(191		)	259			0		134
Recoveries	1			0		12			13			0		26
Charge-offs	(33		)	0		(8		)	(92		)	0		(133		)
Ending balance	$	125		$	147	$	231		$	234		$	0	$	737

(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.

	Six months ended December 31, 2012
	Residential			Commercial		Commercial
	Real Estate			Real Estate		Business			Consumer			Purchased (1)		Total
	(Dollars in thousands)
Beginning balance	$	214		$	93	$	292		$	225		$	0	$	824
Provision (benefit)	412			9		(42		)	96			0		475
Recoveries	1			0		0			7			0		8
Charge-offs	(135		)	0		(203		)	(94		)	0		(432		)
Ending balance	$	492		$	102	$	47		$	234		$	0	$	875

	Six months ended December 31, 2011
	Residential			Commercial			Commercial
	Real Estate			Real Estate			Business			Consumer			Purchased (1)		Total
	(Dollars in thousands)
Beginning balance	$	34		$	147		$	238		$	18		$	0	$	437
Provision (benefit)	147			24			(33		)	396			0		534
Recoveries	1			0			34			28			0		63
Charge-offs	(57		)	(24		)	(8		)	(208		)	0		(297		)
Ending balance	$	125		$	147		$	231		$	234		$	0	$	737

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

	December 31, 2012
	Residential		Commercial		Commercial
	Real Estate		Real Estate		Business		Consumer		Total
	(Dollars in thousands)
Allowance for loan losses:
Individually evaluated	$	248	$	74	$	44	$	28	$	394
Collectively evaluated	244		28		3		206		481
Purchased (1)	0		0		0		0		0
Total	$	492	$	102	$	47	$	234	$	875

Loans:
Individually evaluated	$	2,617	$	2,052	$	119	$	154	$	4,942
Collectively evaluated	121,102		101,061		17,015		14,739		253,917
Purchased (1)	4,254		129,470		0		0		133,724
Total	$	127,973	$	232,583	$	17,134	$	14,893	$	392,583

	June 30, 2012
	Residential		Commercial		Commercial
	Real Estate		Real Estate		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 December 31, 2012						At June 30, 2012
			Unpaid						Unpaid
	Recorded		Principal		Related		Recorded		Principal		Related
	Investment		Balance		Allowance		Investment		Balance		Allowance
	(Dollars in thousands)
Impaired loans without a valuation allowance:
Originated:
Residential real estate	$	996	$	1,061	$	0	$	293	$	483	$	0
Consumer	82		87		0		0		0		0
Commercial real estate	1,321		1,408		0		1,482		1,738		0
Commercial business	75		129		0		377		692		0
Purchased:
Commercial real estate	0		0		0		1,055		1,462		0
Residential real estate	0		0		0		0		0		0
Total	2,474		2,685		0		3,207		4,375		0

Impaired loans with a valuation allowance:
Originated:
Residential real estate	1,621		1,578		248		106		103		3
Consumer	72		74		28		0		0		0
Commercial real estate	730		787		74		575		565		41
Commercial business	44		79		44		750		817		284
Purchased:
Commercial real estate	0		0		0		0		0		0
Residential real estate	0		0		0		0		0		0
Total	2,467		2,518		394		1,431		1,485		328
Total impaired loans	$	4,941	$	5,203	$	394	$	4,638	$	5,860	$	328

	Three Months Ended				Six Months Ended
	December 31, 2012				December 31, 2012
	Average		Interest		Average		Interest
	Recorded		Income		Recorded		Income
	Investment		Recognized		Investment		Recognized
	(Dollars in thousands)
Impaired loans without a valuation allowance:
Originated:
Residential real estate	$	904	$	8	$	700	$	13
Consumer	64		1		42		2
Commercial real estate	1,285		19		1,351		29
Commercial business	119		0		205		3
Purchased:
Commercial real estate	0		0		352		0
Residential real estate	0		0		0		0
Total	2,372		28		2,650		57

Impaired loans with a valuation allowance:
Originated:
Residential real estate	1,178		17		821		26
Consumer	74		1		49		2
Commercial real estate	628		7		610		13
Commercial business	46		0		280		0
Purchased:
Commercial real estate	0		0		0		0
Residential real estate	0		0		0		0
Total	1,926		25		1,760		41
Total impaired loans	$	4,298	$	53	$	4,410	$	98

	Three Months Ended				Six Months Ended
	December 31, 2011				December 31, 2011
	Average		Interest		Average		Interest
	Recorded		Income		Recorded		Income
	Investment		Recognized		Investment		Recognized
	(Dollars in thousands)
Impaired loans without a valuation allowance:
Originated:
Residential real estate	$	271	$	7	$	181	$	8
Consumer	0		0		0		0
Commercial real estate	1,549		37		1,148		58
Commercial business	340		1		578		5
Purchased:
Commercial real estate	0		0		0		0
Residential real estate	0		0		0		0
Total	2,160		45		1,907		71

Impaired loans with a valuation allowance:
Originated:
Residential real estate	73		0		49		0
Consumer	0		0		0		0
Commercial real estate	268		3		469		3
Commercial business	678		0		741		0
Purchased:
Commercial real estate	0		0		0		0
Residential real estate	0		0		0		0
Total	1,019		3		1,259		3
Total impaired loans	$	3,179	$	48	$	3,166	$	74

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 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 commercial loans by risk rating.

	December 31, 2012
	Originated Portfolio
	Commercial				Commercial		Purchased
	Real Estate		Construction		Business		Portfolio
	(Dollars in thousands)
Loans rated 1- 6	$	99,849	$	42	$	16,819	$	132,487
Loans rated 7	1,947		0		52		112
Loans rated 8	1,275		0		263		1,125
Loans rated 9	0		0		0		0
Loans rated 10	0		0		0		0
	$	103,071	$	42	$	17,134	$	133,724

	June 30, 2012
	Originated Portfolio
	Commercial				Commercial		Purchased
	Real Estate		Construction		Business		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:

	December 31, 2012
					Past Due		Past Due
					90 Days or		90 Days or		Total						Non-
	30-59		60-89		More-Still		More-		Past		Total		Total		Accrual
	Days		Days		Accruing		Nonaccrual		Due		Current		Loans		Loans
	(Dollars in thousands)
Originated portfolio:
Residential real estate	$	369	$	667	$	0	$	3,020	$	4,056	$	80,622	$	84,678	$	3,512
Home equity	9		56		0		302		367		38,674		39,041		620
Commercial real estate	735		0		0		374		1,109		101,962		103,071		624
Construction	0		0		0		0		0		42		42		0
Commercial business	18		10		0		44		72		17,062		17,134		123
Consumer	284		202		0		147		633		14,260		14,893		166
Total originated portfolio	1,415		935		0		3,887		6,237		252,622		258,859		5,045

Purchased portfolio:
Residential real estate	45		0		0		0		45		4,209		4,254		0
Commercial real estate	1,588		332		0		1,706		3,626		125,844		129,470		2,144
Total purchased portfolio	1,633		332		0		1,706		3,671		130,053		133,724		2,144
Total loans	$	3,048	$	1,267	$	0	$	5,593	$	9,908	$	382,675	$	392,583	$	7,189

	June 30, 2012
					Past Due		Past Due
					90 Days or		90 Days or		Total						Non-
	30-59		60-89		More-Still		More-		Past		Total		Total		Accrual
	Days		Days		Accruing		Nonaccrual		Due		Current		Loans		Loans
	(Dollars in thousands)
Originated portfolio:
Residential real estate	$	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 for the periods indicated 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 periods.

	Three Months Ended December 31, 2012					Six Months Ended December 31, 2012
		Recorded		Recorded			Recorded		Recorded
	Number of	Investment		Investment		Number of	Investment		Investment
	Contracts	Pre-Modification		Post-Modification		Contracts	Pre-Modification		Post-Modification
	(Dollars in thousands)
Originated portfolio:
Residential real estate	3	$	453	$	453	4	$	675	$	675
Home equity	2	278		278		2	278		278
Commercial real estate	0	0		0		0	0		0
Construction	0	0		0		0	0		0
Commercial business	0	0		0		0	0		0
Consumer	3	8		8		3	8		8
Total originated portfolio	8	739		739		9	961		961

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	8	$	739	$	739	9	$	961	$	961

Further, during the first quarter of Fiscal 2013, 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 following table shows the Company’s post-modification balance of TDRs by type of modification.

	Three Months Ended			Six Months Ended
	December 31, 2012			December 31, 2012
	Number of	Recorded		Number of	Recorded
	Contracts	Investment		Contracts	Investment
	(Dollars in thousands)
Extended maturity	1	$	242	1	$	242
Adjusted interest rate	0	0		0	0
Rate and maturity	6	461		7	683
Court ordered concession	1	36		1	36
	8	$	739	9	$	961

The Company considers TDRs past due 90 days or more to be in payment default. One loan modified in a troubled debt restructuring in the last twelve months defaulted during the three and six months ended December 31, 2012; the recorded investment of such loan was $36 thousand. As of December 31, 2012, there were no further commitments to lend associated with loans modified in a TDR.

There were no loans modified in a TDR during the three or six months ended December 31, 2011. At December 31, 2011, there were no material payment defaults of loans modified in a TDR during the preceding twelve months.

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

	December 31, 2012						June 30, 2012
	On Accrual		On Nonaccrual				On Accrual		On Nonaccrual
	Status		Status		Total		Status		Status		Total
	(Dollars in thousands)
Originated portfolio:
Residential real estate	$	932	$	800	$	1,732	$	92	$	139	$	231
Home equity	33		297		330		20		0		20
Commercial real estate	1,068		0		1,068		1,053		0		1,053
Construction	0		0		0		0		0		0
Commercial business	0		0		0		0		0		0
Consumer	121		33		154		0		0		0
Total originated portfolio	2,154		1,130		3,284		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	$	2,154	$	1,130	$	3,284	$	1,165	$	139	$	1,304

Stock-Based Compensation

6 Months Ended

Dec. 31, 2012

Stock-Based Compensation

Stock-Based Compensation

5. Stock-Based Compensation

At the 2012 annual meeting of shareholders held on November 28, 2012, the Company’s shareholders approved the Northeast Bancorp Amended and Restated 2010 Stock Option and Incentive Plan (the “Restated Plan”). The Restated Plan amends and restates the Northeast Bancorp 2010 Option and Incentive Plan (the “2010 Plan”). The key material differences between the 2010 Plan and the Restated Plan are:

· The maximum number of shares of common stock to be issued under the Restated Plan is increased by 600,000 shares, from 810,054 shares to 1,410,054 shares;

· The method by which shares subject to previously granted awards are added back to the Restated Plan has been revised so that the only shares added back to the Restated Plan are those subject to awards that are forfeited, canceled or otherwise terminated. The following shares shall not be added back to the Restated Plan: (i) shares tendered or held back upon exercise of an option or settlement of an award to cover the exercise price or tax withholding, and (ii) shares subject to a stock appreciation right that are not issued in connection with the stock settlement of the stock appreciation right upon exercise thereof.

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

· The term of the Restated Plan will now expire on November 28, 2022, while grants of incentive options under the Restated Plan may be made until September 21, 2022.

At December 31, 2012, no incentive awards had been issued under the Restated Plan.

A summary of stock option activity for the six months ended December 31, 2012 follows.

			Weighted
			Average
	Shares		Exercise Price
Outstanding at beginning of period	796,049		$	13.98
Granted	0		0.00
Exercised	0		0.00
Forfeited	(18,301	)	13.40
Outstanding at end of period	777,748		14.00
Exercisable	126,714		$	14.08

The following table summarizes information about stock options outstanding at December 31, 2012.

Options Outstanding						Options Exercisable
Weighted			Weighted Average	Aggregate		Weighted			Weighted Average	Aggregate
Average Exercise Price		Number	Remaining Life	Intrinsic Value		Average Exercise Price		Number	Remaining Life	Intrinsic Value
$	12.63	32,500	9.1 years	$	0	$	12.63	0	9.1 years	$	0
13.93		583,238	8.0 years	0		13.93		94,312	8.0 years	0
14.52		162,010	8.0 years	0		14.52		32,402	8.0 years	0
14.00		777,748	8.1 years	0		14.08		126,714	8.1 years	0

At December 31, 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 vested on December 29, 2012, and the remainder will vest in three equal annual installments commencing on December 29, 2013.

At December 31, 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	$	208	$	388	$	375	$	250	$	65	$	1,286
Restricted stock	18		36		36		18		0		108
	$	226	$	424	$	411	$	268	$	65	$	1,394

- 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
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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

6 Months Ended

Dec. 31, 2012

Discontinued Operations

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 six months ended December 31, 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 December 31, 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
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-Paragraph 1
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Reference 2: http://www.xbrl.org/2003/role/presentationRef
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-Publisher FASB
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-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)

6 Months Ended

Dec. 31, 2012

Earnings Per Share (EPS)

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 December 31,						Six months Ended December 31,
	2012			2011			2012			2011
	(Dollars in thousands, except share and per share data)
Net income	$	1,517		$	418		$	2,550		$	947
Preferred stock dividends and accretion	(258		)	(98		)	(355		)	(196		)
Net income available to common shareholders	$	1,259		$	320		$	2,195		$	751

Weighted average shares used in calculation of basic EPS	10,383,441			3,494,498			10,383,441			3,494,498
Incremental shares from assumed exercise of dilutive securities	0			17,496			0			0
Weighted average shares used in calculation of diluted EPS	10,383,441			3,511,994			10,383,441			3,494,498

Earnings per common share:
Income (loss) from continuing operations	$	0.12		$	0.09		$	0.21		$	(0.11	)
Income from discontinued operations	0.00			0.00			0.00			0.32
Earnings per common share	$	0.12		$	0.09		$	0.21		$	0.21

Diluted earnings per common share:
Income (loss) from continuing operations	$	0.12		$	0.09		$	0.21		$	(0.11	)
Income from discontinued operations	0.00			0.00			0.00			0.32
Diluted earnings per common share	$	0.12		$	0.09		$	0.21		$	0.21

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

	Three Months Ended December 31,		Six Months Ended December 31,
	2012	2011	2012	2011
Stock options	783,149	756,049	787,449	756,049
Warrants	65,742	67,958	66,850	67,958
	848,891	824,007	854,299	824,007

Fair Value Measurements

6 Months Ended

Dec. 31, 2012

Fair Value Measurements

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 during periods of market dislocation. In periods of market dislocation, the observability of prices and inputs may be reduced for many instruments. This condition could cause an instrument to be reclassified from one level to another.

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.

	December 31, 2012
	Total		Level 1		Level 2		Level 3
	(Dollars in thousands)
Assets
Available-for-sale securities
U.S. Government agency securities	$	45,618	$	0	$	45,618	$	0
Agency mortgage-backed securities	88,745		0		88,745		0
Other assets — interest rate caps	0		0		0		0
Liabilities
Other liabilities - interest rate swap	$	514	$	0	$	514	$	0

	June 30, 2012
	Total		Level 1		Level 2		Level 3
	(Dollars in thousands)
Assets
Available-for-sale securities
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 three and six months ended December 31, 2012 or 2011.

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

	December 31, 2012
	Total		Level 1		Level 2		Level 3
	(Dollars in thousands)
Impaired loans	$	1,346	$	0	$	0	$	1,346
Repossessed collateral	1,117		0		0		1,117

	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		Fair Value Measurements at December 31, 2012
	Amount		Total		Level 1		Level 2		Level 3
	(Dollars in thousands)
Financial assets:
Cash and cash equivalents	$	127,612	$	127,612	$	127,612	$	0	$	0
Available-for-sale securities	133,363		133,363		0		133,363		0
Regulatory stock	5,473		5,473		0		5,473		0
Loans held for sale	8,262		8,267		0		8,267		0
Loans, net	391,708		410,313		0		0		410,313
Accrued interest receivable	2,068		2,068		0		2,068		0
Interest rate caps	0		0		0		0		0
Financial liabilities:
Deposits	501,518		504,651		0		504,651		0
FHLB advances	43,213		45,190		0		45,190		0
Structured repurchase agreements	25,637		26,622		0		26,622		0
Short-term borrowings	1,570		1,570		0		1,570		0
Capital lease obligation	1,827		2,105		0		2,105		0
Subordinated debentures	8,186		8,040		0		0		8,040
Interest rate swaps	514		514		0		514		0

	Carrying		Fair Value Measurements at June 30, 2012
	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
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-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 107
-Paragraph 15B
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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 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
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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 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-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.

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-Publisher FASB
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-Number 107
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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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Reference 13: http://www.xbrl.org/2003/role/presentationRef
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+ Details

Derivatives and Hedging Activities

6 Months Ended

Dec. 31, 2012

Derivatives and Hedging Activities

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.

The Company currently holds derivative instruments that contain credit-risk related features that are in a net liability position, which may require that collateral be assigned to dealer banks. At December 31, 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; no additional collateral was necessary at these dates to immediately settle the interest rate swap.

The Company does not offset fair value amounts recognized for derivative instruments. The Company does not net the amount recognized for the right to reclaim cash collateral against the obligation to return cash collateral arising from derivative instruments executed with the same counterparty under a master netting arrangement.

Risk Management Policies — 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 and six months ended December 31, 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 and six months ended December 31, 2012 and 2011 related to the balance sheet hedging of long-term debt indicates that the hedges were effective.

The table below presents amounts recognized in income related to both hedge ineffectiveness and amounts excluded from effectiveness testing.

	Three Months Ended December 31,						Six Months Ended December 31,
	2012			2011			2012			2011
	(Dollars in thousands)
Interest income (expense):
Interest rate caps	$	(6	)	$	(4	)	$	(14	)	$	(7	)
Interest rate swap	25			25			51			50
Total	$	19		$	21		$	37		$	43

The Company expects to record interest income of $100 thousand related to interest rate swap ineffectiveness in the next twelve months. The Company expects to record interest expense of $28 thousand related to its purchased interest rate caps in the next twelve months.

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

	December 31, 2012						June 30, 2012
	Interest			Interest			Interest			Interest
	Rate Caps			Rate Swap			Rate Caps			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				2.31		%				2.36		%
Strike rate based on three month LIBOR	2.51		%				2.51		%
Weighted average maturity in years	2.75			2.17			2.25			2.67
Unrealized loss	$	57		$	299		$	69		$	315

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

December 31, 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	$		514

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

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

Other Comprehensive (Loss) Income

6 Months Ended

Dec. 31, 2012

Other Comprehensive (Loss) Income

Other Comprehensive (Loss) Income

10. Other Comprehensive (Loss) Income

The components of other comprehensive (loss) income follow.

	Three Months Ended December 31,
	2012									2011
	Pre-tax			Tax Expense			After-tax			Pre-tax			Tax Expense			After-tax
	Amount			(Benefit)			Amount			Amount			(Benefit)			Amount
	(Dollars in thousands)
Change in net unrealized gain or loss on available-for-sale securities	$	(311	)	$	(107	)	$	(204	)	$	(273	)	$	(93	)	$	(180	)
Reclassification adjustment for net gains included in net income	0			0			0			(433		)	(147		)	(286		)
Total available-for-sale securities	(311		)	(107		)	(204		)	(706		)	(240		)	(466		)
Change in accumulated loss on effective cash flow hedges	59			20			39			55			19			36
Reclassification adjustment for net gains included in net income	(19		)	(6		)	(13		)	(21		)	(8		)	(13		)
Total derivatives and hedging activities	40			14			26			34			11			23
Total other comprehensive loss	$	(271	)	$	(93	)	$	(178	)	$	(672	)	$	(229	)	$	(443	)

	Six Months Ended December 31,
	2012									2011
	Pre-tax			Tax Expense			After-tax			Pre-tax			Tax Expense			After-tax
	Amount			(Benefit)			Amount			Amount			(Benefit)			Amount
	(Dollars in thousands)
Change in net unrealized gain or loss on available-for-sale securities	$	(154	)	$	(52	)	$	(102	)	$	1,363		$	463		$	900
Reclassification adjustment for net gains included in net income	(792		)	(270		)	(522		)	(380		)	(129		)	(251		)
Total available-for-sale securities	(946		)	(322		)	(624		)	983			334			649
Change in accumulated loss on effective cash flow hedges	65			22			43			(143		)	(49		)	(94		)
Reclassification adjustment for net gains included in net income	(37		)	(13		)	(24		)	(43		)	(14		)	(29		)
Total derivatives and hedging activities	28			9			19			(186		)	(63		)	(123		)
Total other comprehensive (loss) income	$	(918	)	$	(313	)	$	(605	)	$	797		$	271		$	526

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

	December 31, 2012			June 30, 2012
	(Dollars in thousands)
Unrealized (loss) gain on available-for-sale securities	$	(321	)	$	624
Tax effect	109			(212		)
Net-of-tax amount	(212		)	412
Unrealized loss on cash flow hedges	(356		)	(384		)
Tax effect	121			130
Net-of-tax amount	(235		)	(254		)
Accumulated other comprehensive (loss) income	$	(447	)	$	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

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-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 11
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-Name Accounting Standards Codification
-Topic 505
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-Paragraph 1
-Subparagraph (SX 210.3-04)
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Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Reclassification Adjustments
-URI http://asc.fasb.org/extlink&oid=6522872

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
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-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 130
-Paragraph 14-26
-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

Stockholders' Equity

6 Months Ended

Dec. 31, 2012

Stockholders' Equity

Stockholders' Equity

11. Stockholders’ Equity

Troubled Asset Relief Capital Purchase Program

During the quarter ended December 31, 2012, the Company paid $4.2 million to redeem, at par value, all shares of preferred stock issued to the U.S. Department of the Treasury (the “UST”) under the Troubled Asset Relief Program (“TARP”). The Company also repurchased the warrant for 67,958 shares of common stock issued to the UST in connection with TARP for $95 thousand during the quarter ended December 31, 2012.

Authorized Shares

At the 2012 annual meeting of shareholders held on November 28, 2012, the Company’s shareholders approved an amendment (the “Amendment”) to the Company’s Amended and Restated Articles of Incorporation, as amended. The Amendment increased (i) the authorized shares of voting common stock, par value $1.00 per share, from 13,500,000 to 25,000,000 shares, and (ii) the authorized shares of non-voting common stock, par value $1.00 per share, from 1,500,000 to 3,000,000 shares. As a result, the total number of authorized shares of all classes of stock, including 1,000,000 shares of preferred stock, increased from 16,000,000 to 29,000,000 shares.

- Definition

The entire disclosure for shareholders' equity, comprised of portions attributable to the parent entity and noncontrolling interest, if any, including other comprehensive income (as applicable). Including, but not limited to: (1) balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings; (2) accumulated balance for each classification of other comprehensive income and total amount of comprehensive income; (3) amount and nature of changes in separate accounts, including the number of shares authorized and outstanding, number of shares issued upon exercise and conversion, and for other comprehensive income, the adjustments for reclassifications to net income; (4) rights and privileges of each class of stock authorized; (5) basis of treasury stock, if other than cost, and amounts paid and accounting treatment for treasury stock purchased significantly in excess of market; (6) dividends paid or payable per share and in the aggregate for each class of stock for each period presented; (7) dividend restrictions and accumulated preferred dividends in arrears (in aggregate and per share amount); (8) retained earnings appropriations or restrictions, such as dividend restrictions; (9) impact of change in accounting principle, initial adoption of new accounting principle and correction of an error in previously issued financial statements; (10) shares held in trust for Employee Stock Ownership Plan (ESOP); (11) deferred compensation related to issuance of capital stock; (12) note received for issuance of stock; (13) unamortized discount on shares; (14) description, terms, and number of warrants or rights outstanding; (15) shares under subscription and subscription receivables, effective date of new retained earnings after quasi-reorganization and deficit eliminated by quasi-reorganization and, for a period of at least ten years after the effective date, the point in time from which the new retained dates; and (16) retroactive effective of subsequent change in capital structure.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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-Paragraph 1
-Subparagraph (SX 210.4-08.(d),(e))
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Reference 14: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 43
-Section B
-Paragraph 7, 11A
-Chapter 1
-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 15: http://www.xbrl.org/2003/role/presentationRef
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Reference 17: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 08
-Paragraph d
-Article 4

Reference 18: http://www.xbrl.org/2003/role/presentationRef
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-Name Regulation S-X (SX)
-Number 210
-Section 02
-Paragraph 29, 30, 31
-Article 5

Reference 19: http://www.xbrl.org/2003/role/presentationRef
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-Name Staff Accounting Bulletin (SAB)
-Number Topic 4
-Section E

Reference 20: http://www.xbrl.org/2003/role/presentationRef
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-Name Regulation S-X (SX)
-Number 210
-Section 08
-Article 4

Reference 21: http://www.xbrl.org/2003/role/presentationRef
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Reference 22: http://www.xbrl.org/2003/role/presentationRef
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Reference 23: http://www.xbrl.org/2003/role/presentationRef
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-Name Regulation S-X (SX)
-Number 210
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-Article 3

+ Details

Commitments and Contingencies

6 Months Ended

Dec. 31, 2012

Commitments and Contingencies.

Commitments and Contingencies

12. Commitments and Contingencies

Commitments

The Company is a party to financial instruments with off-balance sheet risk in the normal course of business to meet the financing needs of its customers and to reduce its own exposure to fluctuations in interest rates. These financial instruments include commitments to extend credit and standby letters of credit. Those instruments involve, to varying degrees, elements of credit and interest rate risk in excess of the amount recognized in the consolidated balance sheets. The contract amounts of those instruments reflect the extent of involvement the Company has in particular classes of financial instruments.

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

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

	December 31, 2012		June 30, 2012
	(Dollars in thousands)
Commitments to originate loans:
Residential real estate mortgages	$	13,262	$	10,279
Construction loans	0		106
Consumer	0		25
Commercial real estate mortgages	0		361
Commercial business loans	135		1,145
	$	13,397	$	11,916
Unused lines of credit	$	34,422	$	36,276
Standby letters of credit	417		602
Unadvanced portions of construction loans	0		162

Commitments to extend credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. Since many of the commitments are expected to expire without being drawn upon, the total commitment amounts do not necessarily represent future cash requirements. The Company evaluates each customer’s credit worthiness on a case-by-case basis. The amount of collateral obtained, if deemed necessary by the Company upon extension of credit, is based on management’s credit evaluation of the counter party. Collateral held varies but may include accounts receivable, inventory, property, plant and equipment, and income-producing commercial properties.

Contingencies

The Company and its subsidiary are parties to litigation and claims arising in the normal course of business. Management believes that the liabilities, if any, arising from such litigation and claims will not be material to the Company’s consolidated financial position or results of operations.

In August 2011, the Bank received a summons and complaint in TSM Properties, LLC v. Northeast Bank and Daniel G. Thompson, Docket No. BCD-CV-12-10, State of Maine Superior Court Business and Consumer Docket sitting in Portland, Cumberland County, Maine, in connection with a dispute regarding transfers of money that involves the Bank. Damages sought include $2.2 million and additional unspecified amounts. The Bank intends to vigorously defend against these claims. While it is not feasible to predict or determine the outcome of these proceedings, the Company believes that a loss resulting from an adverse outcome to this matter is reasonably possible, though the amount of the loss is not determinable at this time. As such, the Company has not established a reserve against potential damages arising from this matter.

- Definition

The entire disclosure for commitments and contingencies.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 20
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Reference 6: http://www.xbrl.org/2003/role/presentationRef
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-Name FASB Interpretation (FIN)
-Number 14
-Paragraph 3
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Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 5
-Paragraph 9, 10, 11, 12
-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

Securities Available-for-Sale (Tables)

6 Months Ended

Dec. 31, 2012

Securities Available-for-Sale

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

	December 31, 2012				June 30, 2012
	Amortized		Fair		Amortized		Fair
	Cost		Value		Cost		Value
	(Dollars in thousands)
U.S. Government agency securities	$	45,556	$	45,618	$	45,824	$	45,808
Agency mortgage-backed securities	88,128		87,745		86,816		87,456
	$	133,684	$	133,363	$	132,640	$	133,264

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

	December 31, 2012				June 30, 2012
	Gross		Gross		Gross		Gross
	Unrealized		Unrealized		Unrealized		Unrealized
	Gains		Losses		Gains		Losses
	(Dollars in thousands)
U.S. Government agency securities	$	62	$	0	$	5	$	21
Agency mortgage-backed securities	95		478		640		0
	$	157	$	478	$	645	$	21

Realized Gains and Losses on Available-for-Sale Securities

	Three Months Ended December 31,				Six Months Ended December 31,
	2012		2011		2012			2011
	(Dollars in thousands)
Gross realized gains	$	0	$	433	$	831		$	447
Gross realized losses	0		0		(39		)	(67		)
Net security gains	$	0	$	433	$	792		$	380

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

	December 31, 2012
	Less than 12 Months				More than 12 Months				Total
	Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
	Value		Losses		Value		Losses		Value		Losses
	(Dollars in thousands)
U.S. Government agency securities	$	0	$	0	$	0	$	0	$	0	$	0
Agency mortgage-backed securities	68,560		478		0		0		68,560		478
	$	68,560	$	478	$	0	$	0	$	68,560	$	478

	June 30, 2012
	Less than 12 Months				More than 12 Months				Total
	Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
	Value		Losses		Value		Losses		Value		Losses
	(Dollars in thousands)
U.S. Government agency securities	$	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

	Amortized		Fair
	Cost		Value
	(Dollars in thousands)
Due within one year	$	12,080	$	12,096
Due after one year through five years	33,476		33,522
Due after five years through ten years	47,276		47,135
Due after ten years	40,852		40,610
	$	133,684	$	133,363

- 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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-Publisher FASB
-Name Accounting Standards Codification
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+ Details

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

6 Months Ended

Dec. 31, 2012

Loans, Allowance for Loan Losses and Credit Quality

Composition of Company Loan Portfolio

	December 31, 2012						June 30, 2012
	Originated		Purchased		Total		Originated		Purchased		Total
	(Dollars in thousands)
Residential real estate	$	84,678	$	4,254	$	88,932	$	90,944	$	3,931	$	94,875
Home equity	39,041		0		39,041		42,696		0		42,696
Commercial real estate	103,071		129,470		232,541		100,196		80,539		180,735
Construction	42		0		42		1,187		0		1,187
Commercial business	17,134		0		17,134		19,612		0		19,612
Consumer	14,893		0		14,893		17,149		0		17,149
Total loans	$	258,859	$	133,724	$	392,583	$	271,784	$	84,470	$	356,254

Summary of Purchased credit impaired loans (PCI)

	PCI Loans Acquired
	Six Months Ended December 31,
	2012			2011
	(Dollars in thousands)
Contractually required payments receivable	$	44,575		$	10,064
Nonaccretable difference	(10,814		)	(2,958		)
Cash flows expected to be collected	33,761			7,106
Accretable yield	(14,214		)	(3,122		)
Fair value of loans acquired	$	19,547		$	3,984

	PCI Loans: Activity in Accretable Yield
	Six Months Ended December 31,
	2012			2011
	(Dollars in thousands)
Beginning balance	$	7,169		$	0
Accretion	(2,052		)	(564		)
Acquisitions	14,214			3,122
Reclassifications from nonaccretable difference	894			210
Disposals and transfers	(2,951		)	(614		)
Other changes	23			0
End balance	$	17,297		$	2,154

	December 31, 2012		June 30, 2012
	(Dollars in thousands)
Unpaid principal balance	$	49,768	$	21,359
Carrying amount	$	30,104	$	13,866

Allowance for Loan Losses by Portfolio Segment

	Three months ended December 31, 2012
	Residential			Commercial			Commercial
	Real Estate			Real Estate			Business			Consumer			Purchased (1)		Total
	(Dollars in thousands)
Beginning balance	$	301		$	71		$	53		$	243		$	0	$	668
Provision (benefit)	199			32			(6		)	22			0		247
Recoveries	0			0			0			5			0		5
Charge-offs	(8		)	(1		)	0			(36		)	0		(45		)
Ending balance	$	492		$	102		$	47		$	234		$	0	$	875

	Three months ended December 31, 2011
	Residential			Commercial		Commercial
	Real Estate			Real Estate		Business			Consumer			Purchased (1)		Total
	(Dollars in thousands)
Beginning balance	$	124		$	114	$	418		$	54		$	0	$	710
Provision (benefit)	33			33		(191		)	259			0		134
Recoveries	1			0		12			13			0		26
Charge-offs	(33		)	0		(8		)	(92		)	0		(133		)
Ending balance	$	125		$	147	$	231		$	234		$	0	$	737

	Six months ended December 31, 2012
	Residential			Commercial		Commercial
	Real Estate			Real Estate		Business			Consumer			Purchased (1)		Total
	(Dollars in thousands)
Beginning balance	$	214		$	93	$	292		$	225		$	0	$	824
Provision (benefit)	412			9		(42		)	96			0		475
Recoveries	1			0		0			7			0		8
Charge-offs	(135		)	0		(203		)	(94		)	0		(432		)
Ending balance	$	492		$	102	$	47		$	234		$	0	$	875

	Six months ended December 31, 2011
	Residential			Commercial			Commercial
	Real Estate			Real Estate			Business			Consumer			Purchased (1)		Total
	(Dollars in thousands)
Beginning balance	$	34		$	147		$	238		$	18		$	0	$	437
Provision (benefit)	147			24			(33		)	396			0		534
Recoveries	1			0			34			28			0		63
Charge-offs	(57		)	(24		)	(8		)	(208		)	0		(297		)
Ending balance	$	125		$	147		$	231		$	234		$	0	$	737

Allowance for Loan Losses by Portfolio Segment and Impairment Methodology

	December 31, 2012
	Residential		Commercial		Commercial
	Real Estate		Real Estate		Business		Consumer		Total
	(Dollars in thousands)
Allowance for loan losses:
Individually evaluated	$	248	$	74	$	44	$	28	$	394
Collectively evaluated	244		28		3		206		481
Purchased (1)	0		0		0		0		0
Total	$	492	$	102	$	47	$	234	$	875

Loans:
Individually evaluated	$	2,617	$	2,052	$	119	$	154	$	4,942
Collectively evaluated	121,102		101,061		17,015		14,739		253,917
Purchased (1)	4,254		129,470		0		0		133,724
Total	$	127,973	$	232,583	$	17,134	$	14,893	$	392,583

	June 30, 2012
	Residential		Commercial		Commercial
	Real Estate		Real Estate		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

(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

	At December 31, 2012						At June 30, 2012
			Unpaid						Unpaid
	Recorded		Principal		Related		Recorded		Principal		Related
	Investment		Balance		Allowance		Investment		Balance		Allowance
	(Dollars in thousands)
Impaired loans without a valuation allowance:
Originated:
Residential real estate	$	996	$	1,061	$	0	$	293	$	483	$	0
Consumer	82		87		0		0		0		0
Commercial real estate	1,321		1,408		0		1,482		1,738		0
Commercial business	75		129		0		377		692		0
Purchased:
Commercial real estate	0		0		0		1,055		1,462		0
Residential real estate	0		0		0		0		0		0
Total	2,474		2,685		0		3,207		4,375		0

Impaired loans with a valuation allowance:
Originated:
Residential real estate	1,621		1,578		248		106		103		3
Consumer	72		74		28		0		0		0
Commercial real estate	730		787		74		575		565		41
Commercial business	44		79		44		750		817		284
Purchased:
Commercial real estate	0		0		0		0		0		0
Residential real estate	0		0		0		0		0		0
Total	2,467		2,518		394		1,431		1,485		328
Total impaired loans	$	4,941	$	5,203	$	394	$	4,638	$	5,860	$	328

	Three Months Ended				Six Months Ended
	December 31, 2012				December 31, 2012
	Average		Interest		Average		Interest
	Recorded		Income		Recorded		Income
	Investment		Recognized		Investment		Recognized
	(Dollars in thousands)
Impaired loans without a valuation allowance:
Originated:
Residential real estate	$	904	$	8	$	700	$	13
Consumer	64		1		42		2
Commercial real estate	1,285		19		1,351		29
Commercial business	119		0		205		3
Purchased:
Commercial real estate	0		0		352		0
Residential real estate	0		0		0		0
Total	2,372		28		2,650		57

Impaired loans with a valuation allowance:
Originated:
Residential real estate	1,178		17		821		26
Consumer	74		1		49		2
Commercial real estate	628		7		610		13
Commercial business	46		0		280		0
Purchased:
Commercial real estate	0		0		0		0
Residential real estate	0		0		0		0
Total	1,926		25		1,760		41
Total impaired loans	$	4,298	$	53	$	4,410	$	98

	Three Months Ended				Six Months Ended
	December 31, 2011				December 31, 2011
	Average		Interest		Average		Interest
	Recorded		Income		Recorded		Income
	Investment		Recognized		Investment		Recognized
	(Dollars in thousands)
Impaired loans without a valuation allowance:
Originated:
Residential real estate	$	271	$	7	$	181	$	8
Consumer	0		0		0		0
Commercial real estate	1,549		37		1,148		58
Commercial business	340		1		578		5
Purchased:
Commercial real estate	0		0		0		0
Residential real estate	0		0		0		0
Total	2,160		45		1,907		71

Impaired loans with a valuation allowance:
Originated:
Residential real estate	73		0		49		0
Consumer	0		0		0		0
Commercial real estate	268		3		469		3
Commercial business	678		0		741		0
Purchased:
Commercial real estate	0		0		0		0
Residential real estate	0		0		0		0
Total	1,019		3		1,259		3
Total impaired loans	$	3,179	$	48	$	3,166	$	74

Commercial Loans by Risk Rating

	December 31, 2012
	Originated Portfolio
	Commercial				Commercial		Purchased
	Real Estate		Construction		Business		Portfolio
	(Dollars in thousands)
Loans rated 1- 6	$	99,849	$	42	$	16,819	$	132,487
Loans rated 7	1,947		0		52		112
Loans rated 8	1,275		0		263		1,125
Loans rated 9	0		0		0		0
Loans rated 10	0		0		0		0
	$	103,071	$	42	$	17,134	$	133,724

	June 30, 2012
	Originated Portfolio
	Commercial				Commercial		Purchased
	Real Estate		Construction		Business		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

	December 31, 2012
					Past Due		Past Due
					90 Days or		90 Days or		Total						Non-
	30-59		60-89		More-Still		More-		Past		Total		Total		Accrual
	Days		Days		Accruing		Nonaccrual		Due		Current		Loans		Loans
	(Dollars in thousands)
Originated portfolio:
Residential real estate	$	369	$	667	$	0	$	3,020	$	4,056	$	80,622	$	84,678	$	3,512
Home equity	9		56		0		302		367		38,674		39,041		620
Commercial real estate	735		0		0		374		1,109		101,962		103,071		624
Construction	0		0		0		0		0		42		42		0
Commercial business	18		10		0		44		72		17,062		17,134		123
Consumer	284		202		0		147		633		14,260		14,893		166
Total originated portfolio	1,415		935		0		3,887		6,237		252,622		258,859		5,045

Purchased portfolio:
Residential real estate	45		0		0		0		45		4,209		4,254		0
Commercial real estate	1,588		332		0		1,706		3,626		125,844		129,470		2,144
Total purchased portfolio	1,633		332		0		1,706		3,671		130,053		133,724		2,144
Total loans	$	3,048	$	1,267	$	0	$	5,593	$	9,908	$	382,675	$	392,583	$	7,189

	June 30, 2012
					Past Due		Past Due
					90 Days or		90 Days or		Total						Non-
	30-59		60-89		More-Still		More-		Past		Total		Total		Accrual
	Days		Days		Accruing		Nonaccrual		Due		Current		Loans		Loans
	(Dollars in thousands)
Originated portfolio:
Residential real estate	$	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

	Three Months Ended December 31, 2012					Six Months Ended December 31, 2012
		Recorded		Recorded			Recorded		Recorded
	Number of	Investment		Investment		Number of	Investment		Investment
	Contracts	Pre-Modification		Post-Modification		Contracts	Pre-Modification		Post-Modification
	(Dollars in thousands)
Originated portfolio:
Residential real estate	3	$	453	$	453	4	$	675	$	675
Home equity	2	278		278		2	278		278
Commercial real estate	0	0		0		0	0		0
Construction	0	0		0		0	0		0
Commercial business	0	0		0		0	0		0
Consumer	3	8		8		3	8		8
Total originated portfolio	8	739		739		9	961		961

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	8	$	739	$	739	9	$	961	$	961

Schedule of company's post modification balance of TDRs by type of modification

	Three Months Ended			Six Months Ended
	December 31, 2012			December 31, 2012
	Number of	Recorded		Number of	Recorded
	Contracts	Investment		Contracts	Investment
	(Dollars in thousands)
Extended maturity	1	$	242	1	$	242
Adjusted interest rate	0	0		0	0
Rate and maturity	6	461		7	683
Court ordered concession	1	36		1	36
	8	$	739	9	$	961

Troubled debt restructurings by accrual status

	December 31, 2012						June 30, 2012
	On Accrual		On Nonaccrual				On Accrual		On Nonaccrual
	Status		Status		Total		Status		Status		Total
	(Dollars in thousands)
Originated portfolio:
Residential real estate	$	932	$	800	$	1,732	$	92	$	139	$	231
Home equity	33		297		330		20		0		20
Commercial real estate	1,068		0		1,068		1,053		0		1,053
Construction	0		0		0		0		0		0
Commercial business	0		0		0		0		0		0
Consumer	121		33		154		0		0		0
Total originated portfolio	2,154		1,130		3,284		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	$	2,154	$	1,130	$	3,284	$	1,165	$	139	$	1,304

Stock-Based Compensation (Tables)

6 Months Ended

Dec. 31, 2012

Stock-Based Compensation

Stock Option Activity

			Weighted
			Average
	Shares		Exercise Price
Outstanding at beginning of period	796,049		$	13.98
Granted	0		0.00
Exercised	0		0.00
Forfeited	(18,301	)	13.40
Outstanding at end of period	777,748		14.00
Exercisable	126,714		$	14.08

Information about Stock Options Outstanding

Options Outstanding						Options Exercisable
Weighted			Weighted Average	Aggregate		Weighted			Weighted Average	Aggregate
Average Exercise Price		Number	Remaining Life	Intrinsic Value		Average Exercise Price		Number	Remaining Life	Intrinsic Value
$	12.63	32,500	9.1 years	$	0	$	12.63	0	9.1 years	$	0
13.93		583,238	8.0 years	0		13.93		94,312	8.0 years	0
14.52		162,010	8.0 years	0		14.52		32,402	8.0 years	0
14.00		777,748	8.1 years	0		14.08		126,714	8.1 years	0

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

	Fiscal Years Ending June 30,
	2013		2014		2015		2016		2017		Total
	(Dollars in thousands)
Stock options	$	208	$	388	$	375	$	250	$	65	$	1,286
Restricted stock	18		36		36		18		0		108
	$	226	$	424	$	411	$	268	$	65	$	1,394

Discontinued Operations (Tables)

6 Months Ended

Dec. 31, 2012

Discontinued Operations

Summary of Sale Transactions

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)

6 Months Ended

Dec. 31, 2012

Earnings Per Share (EPS)

Number of Shares Outstanding for Basic and Diluted EPS

	Three months Ended December 31,						Six months Ended December 31,
	2012			2011			2012			2011
	(Dollars in thousands, except share and per share data)
Net income	$	1,517		$	418		$	2,550		$	947
Preferred stock dividends and accretion	(258		)	(98		)	(355		)	(196		)
Net income available to common shareholders	$	1,259		$	320		$	2,195		$	751

Weighted average shares used in calculation of basic EPS	10,383,441			3,494,498			10,383,441			3,494,498
Incremental shares from assumed exercise of dilutive securities	0			17,496			0			0
Weighted average shares used in calculation of diluted EPS	10,383,441			3,511,994			10,383,441			3,494,498

Earnings per common share:
Income (loss) from continuing operations	$	0.12		$	0.09		$	0.21		$	(0.11	)
Income from discontinued operations	0.00			0.00			0.00			0.32
Earnings per common share	$	0.12		$	0.09		$	0.21		$	0.21

Diluted earnings per common share:
Income (loss) from continuing operations	$	0.12		$	0.09		$	0.21		$	(0.11	)
Income from discontinued operations	0.00			0.00			0.00			0.32
Diluted earnings per common share	$	0.12		$	0.09		$	0.21		$	0.21

Average anti-dilutive Options and Warrants

	Three Months Ended December 31,		Six Months Ended December 31,
	2012	2011	2012	2011
Stock options	783,149	756,049	787,449	756,049
Warrants	65,742	67,958	66,850	67,958
	848,891	824,007	854,299	824,007

Fair Value Measurements (Tables)

6 Months Ended

Dec. 31, 2012

Fair Value Measurements

Assets and Liabilities Measured at Fair Value on Recurring Basis

	December 31, 2012
	Total		Level 1		Level 2		Level 3
	(Dollars in thousands)
Assets
Available-for-sale securities
U.S. Government agency securities	$	45,618	$	0	$	45,618	$	0
Agency mortgage-backed securities	88,745		0		88,745		0
Other assets — interest rate caps	0		0		0		0
Liabilities
Other liabilities - interest rate swap	$	514	$	0	$	514	$	0

	June 30, 2012
	Total		Level 1		Level 2		Level 3
	(Dollars in thousands)
Assets
Available-for-sale securities
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

	December 31, 2012
	Total		Level 1		Level 2		Level 3
	(Dollars in thousands)
Impaired loans	$	1,346	$	0	$	0	$	1,346
Repossessed collateral	1,117		0		0		1,117

	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

	Carrying		Fair Value Measurements at December 31, 2012
	Amount		Total		Level 1		Level 2		Level 3
	(Dollars in thousands)
Financial assets:
Cash and cash equivalents	$	127,612	$	127,612	$	127,612	$	0	$	0
Available-for-sale securities	133,363		133,363		0		133,363		0
Regulatory stock	5,473		5,473		0		5,473		0
Loans held for sale	8,262		8,267		0		8,267		0
Loans, net	391,708		410,313		0		0		410,313
Accrued interest receivable	2,068		2,068		0		2,068		0
Interest rate caps	0		0		0		0		0
Financial liabilities:
Deposits	501,518		504,651		0		504,651		0
FHLB advances	43,213		45,190		0		45,190		0
Structured repurchase agreements	25,637		26,622		0		26,622		0
Short-term borrowings	1,570		1,570		0		1,570		0
Capital lease obligation	1,827		2,105		0		2,105		0
Subordinated debentures	8,186		8,040		0		0		8,040
Interest rate swaps	514		514		0		514		0

	Carrying		Fair Value Measurements at June 30, 2012
	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)

6 Months Ended

Dec. 31, 2012

Derivatives and Hedging Activities

Schedule of amounts recognized in income related to both hedge ineffectiveness and amounts excluded from effectiveness testing

	Three Months Ended December 31,						Six Months Ended December 31,
	2012			2011			2012			2011
	(Dollars in thousands)
Interest income (expense):
Interest rate caps	$	(6	)	$	(4	)	$	(14	)	$	(7	)
Interest rate swap	25			25			51			50
Total	$	19		$	21		$	37		$	43

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

	December 31, 2012						June 30, 2012
	Interest			Interest			Interest			Interest
	Rate Caps			Rate Swap			Rate Caps			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				2.31		%				2.36		%
Strike rate based on three month LIBOR	2.51		%				2.51		%
Weighted average maturity in years	2.75			2.17			2.25			2.67
Unrealized loss	$	57		$	299		$	69		$	315

Fair Values and Location of Derivatives Designated as Hedging Instruments

December 31, 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	$		514

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
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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)

6 Months Ended

Dec. 31, 2012

Other Comprehensive (Loss) Income

Other Comprehensive Income

The components of other comprehensive (loss) income follow.

	Three Months Ended December 31,
	2012									2011
	Pre-tax			Tax Expense			After-tax			Pre-tax			Tax Expense			After-tax
	Amount			(Benefit)			Amount			Amount			(Benefit)			Amount
	(Dollars in thousands)
Change in net unrealized gain or loss on available-for-sale securities	$	(311	)	$	(107	)	$	(204	)	$	(273	)	$	(93	)	$	(180	)
Reclassification adjustment for net gains included in net income	0			0			0			(433		)	(147		)	(286		)
Total available-for-sale securities	(311		)	(107		)	(204		)	(706		)	(240		)	(466		)
Change in accumulated loss on effective cash flow hedges	59			20			39			55			19			36
Reclassification adjustment for net gains included in net income	(19		)	(6		)	(13		)	(21		)	(8		)	(13		)
Total derivatives and hedging activities	40			14			26			34			11			23
Total other comprehensive loss	$	(271	)	$	(93	)	$	(178	)	$	(672	)	$	(229	)	$	(443	)

	Six Months Ended December 31,
	2012									2011
	Pre-tax			Tax Expense			After-tax			Pre-tax			Tax Expense			After-tax
	Amount			(Benefit)			Amount			Amount			(Benefit)			Amount
	(Dollars in thousands)
Change in net unrealized gain or loss on available-for-sale securities	$	(154	)	$	(52	)	$	(102	)	$	1,363		$	463		$	900
Reclassification adjustment for net gains included in net income	(792		)	(270		)	(522		)	(380		)	(129		)	(251		)
Total available-for-sale securities	(946		)	(322		)	(624		)	983			334			649
Change in accumulated loss on effective cash flow hedges	65			22			43			(143		)	(49		)	(94		)
Reclassification adjustment for net gains included in net income	(37		)	(13		)	(24		)	(43		)	(14		)	(29		)
Total derivatives and hedging activities	28			9			19			(186		)	(63		)	(123		)
Total other comprehensive (loss) income	$	(918	)	$	(313	)	$	(605	)	$	797		$	271		$	526

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

	December 31, 2012			June 30, 2012
	(Dollars in thousands)
Unrealized (loss) gain on available-for-sale securities	$	(321	)	$	624
Tax effect	109			(212		)
Net-of-tax amount	(212		)	412
Unrealized loss on cash flow hedges	(356		)	(384		)
Tax effect	121			130
Net-of-tax amount	(235		)	(254		)
Accumulated other comprehensive (loss) income	$	(447	)	$	158

Commitments and Contingencies (Tables)

6 Months Ended

Dec. 31, 2012

Commitments and Contingencies.

Financial Instruments with Contract Amounts Represent Credit Risk

	December 31, 2012		June 30, 2012
	(Dollars in thousands)
Commitments to originate loans:
Residential real estate mortgages	$	13,262	$	10,279
Construction loans	0		106
Consumer	0		25
Commercial real estate mortgages	0		361
Commercial business loans	135		1,145
	$	13,397	$	11,916
Unused lines of credit	$	34,422	$	36,276
Standby letters of credit	417		602
Unadvanced portions of construction loans	0		162

Securities Available-for-Sale (Details) - USD ($) $ in Thousands	Dec. 31, 2012	Jun. 30, 2012
Schedule of Available-for-sale Securities [Line Items]
Total securities available for sale, Amortized Cost	$ 133,684	$ 132,640
Total securities available for sale, Fair Value	133,363	133,264
U.S. Government agency securities
Schedule of Available-for-sale Securities [Line Items]
Total securities available for sale, Amortized Cost	45,556	45,824
Total securities available for sale, Fair Value	45,618	45,808
Agency mortgage-backed securities
Schedule of Available-for-sale Securities [Line Items]
Total securities available for sale, Amortized Cost	88,128	86,816
Total securities available for sale, Fair Value	$ 87,745	$ 87,456

- 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

Securities Available-for-Sale (Details 2) - USD ($) $ in Thousands	Dec. 31, 2012	Jun. 30, 2012
Schedule of Available-for-sale Securities [Line Items]
Gross Unrealized Gains	$ 157	$ 645
Gross Unrealized Losses	478	21
U.S. Government agency securities
Schedule of Available-for-sale Securities [Line Items]
Gross Unrealized Gains	62	5
Gross Unrealized Losses	0	21
Agency mortgage-backed securities
Schedule of Available-for-sale Securities [Line Items]
Gross Unrealized Gains	95	640
Gross Unrealized Losses	$ 478	$ 0

Securities Available-for-Sale (Details 3) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2012	Dec. 31, 2011
Schedule of Available-for-sale Securities [Line Items]
Net security gains	$ 0	$ 433	$ 792	$ 380
Successor
Schedule of Available-for-sale Securities [Line Items]
Gross realized gains	0	433	831	447
Gross realized losses	0	0	(39)	(67)
Net security gains	$ 0	$ 433	$ 792	$ 380

Securities Available-for-Sale (Details 4) $ in Millions	Dec. 31, 2012 USD ($)
Securities Available-for-Sale
Investment securities at fair value pledged as collateral for borrowings	$ 43.1

Securities Available-for-Sale (Details 5) - USD ($) $ in Thousands	Dec. 31, 2012	Jun. 30, 2012
Schedule of Available-for-sale Securities [Line Items]
Fair Value	$ 68,560	$ 36,585
Unrealized Losses	478	21
Fair Value	0	0
Unrealized Losses	0	0
Fair Value	68,560	36,585
Unrealized Losses	478	21
U.S. Government agency securities
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
Schedule of Available-for-sale Securities [Line Items]
Fair Value	68,560	0
Unrealized Losses	478	0
Fair Value	0	0
Unrealized Losses	0	0
Fair Value	68,560	0
Unrealized Losses	$ 478	$ 0

Securities Available-for-Sale (Details 6) - USD ($) $ in Thousands	Dec. 31, 2012	Jun. 30, 2012
Securities Available-for-Sale
Due within one year, Fair Value	$ 12,096
Due after one year through five years, Fair Value	33,522
Due after five years through ten years, Fair Value	47,135
Due after ten years, Fair Value	40,610
Available-for-sale securities, Fair Value	133,363	$ 133,264
Due within one year, Amortized Cost	12,080
Due after one year through five years, Amortized Cost	33,476
Due after five years through ten years, Amortized Cost	47,276
Due after ten years, Amortized Cost	40,852
Available-for-sale securities, Amortized Cost	$ 133,684	$ 132,640

Loans, Allowance for Loan Losses and Credit Quality (Details) - USD ($) $ in Thousands	Dec. 31, 2012	Jun. 30, 2012
Accounts, Notes, Loans and Financing Receivable [Line Items]
loans	$ 392,583	$ 356,254
Residential real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
loans	88,932	94,875
Home equity
Accounts, Notes, Loans and Financing Receivable [Line Items]
loans	39,041	42,696
Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
loans	232,541	180,735
Construction
Accounts, Notes, Loans and Financing Receivable [Line Items]
loans	42	1,187
Commercial business
Accounts, Notes, Loans and Financing Receivable [Line Items]
loans	17,134	19,612
Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
loans	14,893	17,149
Originated
Accounts, Notes, Loans and Financing Receivable [Line Items]
loans	258,859	271,784
Originated \| Residential real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
loans	84,678	90,944
Originated \| Home equity
Accounts, Notes, Loans and Financing Receivable [Line Items]
loans	39,041	42,696
Originated \| Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
loans	103,071	100,196
Originated \| Construction
Accounts, Notes, Loans and Financing Receivable [Line Items]
loans	42	1,187
Originated \| Commercial business
Accounts, Notes, Loans and Financing Receivable [Line Items]
loans	17,134	19,612
Originated \| Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
loans	14,893	17,149
Purchased
Accounts, Notes, Loans and Financing Receivable [Line Items]
loans	133,724	84,470
Purchased \| Residential real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
loans	4,254	3,931
Purchased \| Home equity
Accounts, Notes, Loans and Financing Receivable [Line Items]
loans	0	0
Purchased \| Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
loans	129,470	80,539
Purchased \| Construction
Accounts, Notes, Loans and Financing Receivable [Line Items]
loans	0	0
Purchased \| Commercial business
Accounts, Notes, Loans and Financing Receivable [Line Items]
loans	0	0
Purchased \| Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
loans	$ 0	$ 0

Loans, Allowance for Loan Losses and Credit Quality (Details 2) - USD ($) $ in Thousands	6 Months Ended
	Dec. 31, 2012	Dec. 31, 2011	Jun. 30, 2012
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period
Contractually required payments receivable	$ 44,575	$ 10,064
Nonaccretable difference	(10,814)	(2,958)
Cash flows expected to be collected	33,761	7,106
Accretable yield	(14,214)	(3,122)
Fair value of loans acquired	19,547	3,984
Beginning balance	7,169	0
Accretion	(2,052)	(564)
Acquisitions	14,214	3,122
Reclassifications from nonaccretable difference	894	210
Disposals and transfers	(2,951)	(614)
Other changes	23	0
End balance	17,297	$ 2,154
Unpaid principal balance	49,768		$ 21,359
Carrying amount	$ 30,104		$ 13,866

Loans, Allowance for Loan Losses and Credit Quality (Details 3) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2012	Dec. 31, 2011
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance	$ 668	$ 710	$ 824	$ 437
Provision (benefit)	247	134	475	534
Recoveries	5	26	8	63
Charge-offs	(45)	(133)	(432)	(297)
Ending balance	875	737	875	737
Purchased
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance	0	0	0	0
Provision (benefit)	0	0	0	0
Recoveries	0	0	0	0
Charge-offs	0	0	0	0
Ending balance	0	0	0	0
Residential Real Estate
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance	301	124	214	34
Provision (benefit)	199	33	412	147
Recoveries	0	1	1	1
Charge-offs	(8)	(33)	(135)	(57)
Ending balance	492	125	492	125
Commercial Real Estate
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance	71	114	93	147
Provision (benefit)	32	33	9	24
Recoveries	0	0	0	0
Charge-offs	(1)	0	0	(24)
Ending balance	102	147	102	147
Commercial Business
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance	53	418	292	238
Provision (benefit)	(6)	(191)	(42)	(33)
Recoveries	0	12	0	34
Charge-offs	0	(8)	(203)	(8)
Ending balance	47	231	47	231
Consumer
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance	243	54	225	18
Provision (benefit)	22	259	96	396
Recoveries	5	13	7	28
Charge-offs	(36)	(92)	(94)	(208)
Ending balance	$ 234	$ 234	$ 234	$ 234

Loans, Allowance for Loan Losses and Credit Quality (Details 4) $ in Thousands	Dec. 31, 2012 USD ($)	Sep. 30, 2012 USD ($)	Jun. 30, 2012 USD ($) item	Dec. 31, 2011 USD ($)	Sep. 30, 2011 USD ($)	Jun. 30, 2011 USD ($)
Allowance for loan losses:
Individually evaluated	$ 394		$ 328
Collectively evaluated	481		496
Purchased	0		0
Total	875	$ 668	824	$ 737	$ 710	$ 437
Loans:
Individually evaluated	4,942		4,638
Collectively evaluated	253,917		268,201
Purchased	133,724		83,415
Total Loans	392,583		356,254
Non-performing
Loans:
Purchased			$ 1,100
Loans purchased \| item			1
Residential Real Estate
Allowance for loan losses:
Individually evaluated	248		$ 3
Collectively evaluated	244		211
Purchased	0		0
Total	492	301	214	125	124	34
Loans:
Individually evaluated	2,617		399
Collectively evaluated	121,102		133,241
Purchased	4,254		3,931
Total Loans	127,973		137,571
Commercial Real Estate
Allowance for loan losses:
Individually evaluated	74		41
Collectively evaluated	28		52
Purchased	0		0
Total	102	71	93	147	114	147
Loans:
Individually evaluated	2,052		3,112
Collectively evaluated	101,061		99,326
Purchased	129,470		79,484
Total Loans	232,583		181,922
Commercial Business
Allowance for loan losses:
Individually evaluated	44		284
Collectively evaluated	3		8
Purchased	0		0
Total	47	53	292	231	418	238
Loans:
Individually evaluated	119		1,127
Collectively evaluated	17,015		18,485
Purchased	0		0
Total Loans	17,134		19,612
Consumer
Allowance for loan losses:
Individually evaluated	28		0
Collectively evaluated	206		225
Purchased	0		0
Total	234	$ 243	225	$ 234	$ 54	$ 18
Loans:
Individually evaluated	154		0
Collectively evaluated	14,739		17,149
Purchased	0		0
Total Loans	$ 14,893		$ 17,149

Loans, Allowance for Loan Losses and Credit Quality (Details 5) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2012	Dec. 31, 2011	Jun. 30, 2012
Financing Receivable, Impaired [Line Items]
Recorded Investment	$ 2,474		$ 2,474		$ 3,207
Unpaid Principal Balance	2,685		2,685		4,375
Average Recorded Investment	2,372	$ 2,160	2,650	$ 1,907
Interest Income Recognized	28	45	57	71
Recorded Investment	2,467		2,467		1,431
Unpaid Principal Balance	2,518		2,518		1,485
Related Allowance	394		394		328
Average Recorded Investment	1,926	1,019	1,760	1,259
Interest Income Recognized	25	3	41	3
Recorded Investment	4,941		4,941		4,638
Unpaid Principal Balance	5,203		5,203		5,860
Average Recorded Investment	4,298	3,179	4,410	3,166
Interest Income Recognized	53	48	98	74
Originated \| Residential Real Estate
Financing Receivable, Impaired [Line Items]
Recorded Investment	996		996		293
Unpaid Principal Balance	1,061		1,061		483
Average Recorded Investment	904	271	700	181
Interest Income Recognized	8	7	13	8
Recorded Investment	1,621		1,621		106
Unpaid Principal Balance	1,578		1,578		103
Related Allowance	248		248		3
Average Recorded Investment	1,178	73	821	49
Interest Income Recognized	17	0	26	0
Originated \| Consumer
Financing Receivable, Impaired [Line Items]
Recorded Investment	82		82		0
Unpaid Principal Balance	87		87		0
Average Recorded Investment	64	0	42	0
Interest Income Recognized	1	0	2	0
Recorded Investment	72		72		0
Unpaid Principal Balance	74		74		0
Related Allowance	28		28		0
Average Recorded Investment	74	0	49	0
Interest Income Recognized	1	0	2	0
Originated \| Commercial Real Estate
Financing Receivable, Impaired [Line Items]
Recorded Investment	1,321		1,321		1,482
Unpaid Principal Balance	1,408		1,408		1,738
Average Recorded Investment	1,285	1,549	1,351	1,148
Interest Income Recognized	19	37	29	58
Recorded Investment	730		730		575
Unpaid Principal Balance	787		787		565
Related Allowance	74		74		41
Average Recorded Investment	628	268	610	469
Interest Income Recognized	7	3	13	3
Originated \| Commercial Business
Financing Receivable, Impaired [Line Items]
Recorded Investment	75		75		377
Unpaid Principal Balance	129		129		692
Average Recorded Investment	119	340	205	578
Interest Income Recognized	0	1	3	5
Recorded Investment	44		44		750
Unpaid Principal Balance	79		79		817
Related Allowance	44		44		284
Average Recorded Investment	46	678	280	741
Interest Income Recognized	0	0	0	0
Purchased \| Residential Real Estate
Financing Receivable, Impaired [Line Items]
Recorded Investment	0		0		0
Unpaid Principal Balance	0		0		0
Average Recorded Investment	0	0	0	0
Interest Income Recognized	0	0	0	0
Recorded Investment	0		0		0
Unpaid Principal Balance	0		0		0
Related Allowance	0		0		0
Average Recorded Investment	0	0	0	0
Interest Income Recognized	0	0	0	0
Purchased \| Commercial Real Estate
Financing Receivable, Impaired [Line Items]
Recorded Investment	0		0		1,055
Unpaid Principal Balance	0		0		1,462
Average Recorded Investment	0	0	352	0
Interest Income Recognized	0	0	0	0
Recorded Investment	0		0		0
Unpaid Principal Balance	0		0		0
Related Allowance	0		0		$ 0
Average Recorded Investment	0	0	0	0
Interest Income Recognized	$ 0	$ 0	$ 0	$ 0

Loans, Allowance for Loan Losses and Credit Quality (Details 6) - USD ($) $ in Thousands	Dec. 31, 2012	Jun. 30, 2012
Originated \| Commercial Real Estate
Financing Receivable, Recorded Investment [Line Items]
Loan by risk rating	$ 103,071	$ 100,196
Originated \| Construction
Financing Receivable, Recorded Investment [Line Items]
Loan by risk rating	42	1,187
Originated \| Commercial Business
Financing Receivable, Recorded Investment [Line Items]
Loan by risk rating	17,134	19,612
Originated \| Loans rated 1- 6 \| Commercial Real Estate
Financing Receivable, Recorded Investment [Line Items]
Loan by risk rating	99,849	96,963
Originated \| Loans rated 1- 6 \| Construction
Financing Receivable, Recorded Investment [Line Items]
Loan by risk rating	42	1,187
Originated \| Loans rated 1- 6 \| Commercial Business
Financing Receivable, Recorded Investment [Line Items]
Loan by risk rating	16,819	18,223
Originated \| Loans rated 7 \| Commercial Real Estate
Financing Receivable, Recorded Investment [Line Items]
Loan by risk rating	1,947	1,886
Originated \| Loans rated 7 \| Construction
Financing Receivable, Recorded Investment [Line Items]
Loan by risk rating	0	0
Originated \| Loans rated 7 \| Commercial Business
Financing Receivable, Recorded Investment [Line Items]
Loan by risk rating	52	250
Originated \| Loans rated 8 \| Commercial Real Estate
Financing Receivable, Recorded Investment [Line Items]
Loan by risk rating	1,275	1,347
Originated \| Loans rated 8 \| Construction
Financing Receivable, Recorded Investment [Line Items]
Loan by risk rating	0	0
Originated \| Loans rated 8 \| Commercial Business
Financing Receivable, Recorded Investment [Line Items]
Loan by risk rating	263	1,139
Originated \| Loans rated 9 \| Commercial Real Estate
Financing Receivable, Recorded Investment [Line Items]
Loan by risk rating	0	0
Originated \| Loans rated 9 \| Construction
Financing Receivable, Recorded Investment [Line Items]
Loan by risk rating	0	0
Originated \| Loans rated 9 \| Commercial Business
Financing Receivable, Recorded Investment [Line Items]
Loan by risk rating	0	0
Originated \| Loans rated 10 \| Commercial Real Estate
Financing Receivable, Recorded Investment [Line Items]
Loan by risk rating	0	0
Originated \| Loans rated 10 \| Construction
Financing Receivable, Recorded Investment [Line Items]
Loan by risk rating	0	0
Originated \| Loans rated 10 \| Commercial Business
Financing Receivable, Recorded Investment [Line Items]
Loan by risk rating	0	0
Purchased
Financing Receivable, Recorded Investment [Line Items]
Loan by risk rating	133,724	84,470
Purchased \| Loans rated 1- 6
Financing Receivable, Recorded Investment [Line Items]
Loan by risk rating	132,487	83,415
Purchased \| Loans rated 7
Financing Receivable, Recorded Investment [Line Items]
Loan by risk rating	112	1,055
Purchased \| Loans rated 8
Financing Receivable, Recorded Investment [Line Items]
Loan by risk rating	1,125	0
Purchased \| Loans rated 9
Financing Receivable, Recorded Investment [Line Items]
Loan by risk rating	0	0
Purchased \| Loans rated 10
Financing Receivable, Recorded Investment [Line Items]
Loan by risk rating	$ 0	$ 0

Loans, Allowance for Loan Losses and Credit Quality (Details 7) - USD ($) $ in Thousands	Dec. 31, 2012	Jun. 30, 2012
Accounts, Notes, Loans and Financing Receivable [Line Items]
30-59 Days	$ 3,048	$ 536
60-89 Days	1,267	795
Past Due 90 Days or More-Still Accruing	0	0
Past Due 90 Days or More-Nonaccrual	5,593	5,622
Total Past Due	9,908	6,953
Total Current	382,675	349,301
Total Loans	392,583	356,254
Non-Accrual Loans	7,189	6,114
Residential real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	88,932	94,875
Home equity
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	39,041	42,696
Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	232,541	180,735
Construction
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	42	1,187
Commercial business
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	17,134	19,612
Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	14,893	17,149
Originated
Accounts, Notes, Loans and Financing Receivable [Line Items]
30-59 Days	1,415	536
60-89 Days	935	795
Past Due 90 Days or More-Still Accruing	0	0
Past Due 90 Days or More-Nonaccrual	3,887	4,567
Total Past Due	6,237	5,898
Total Current	252,622	265,886
Total Loans	258,859	271,784
Non-Accrual Loans	5,045	5,059
Originated \| Residential real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
30-59 Days	369	261
60-89 Days	667	183
Past Due 90 Days or More-Still Accruing	0	0
Past Due 90 Days or More-Nonaccrual	3,020	2,907
Total Past Due	4,056	3,351
Total Current	80,622	87,593
Total Loans	84,678	90,944
Non-Accrual Loans	3,512	3,090
Originated \| Home equity
Accounts, Notes, Loans and Financing Receivable [Line Items]
30-59 Days	9	16
60-89 Days	56	160
Past Due 90 Days or More-Still Accruing	0	0
Past Due 90 Days or More-Nonaccrual	302	136
Total Past Due	367	312
Total Current	38,674	42,384
Total Loans	39,041	42,696
Non-Accrual Loans	620	220
Originated \| Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
30-59 Days	735	0
60-89 Days	0	208
Past Due 90 Days or More-Still Accruing	0	0
Past Due 90 Days or More-Nonaccrual	374	417
Total Past Due	1,109	625
Total Current	101,962	99,571
Total Loans	103,071	100,196
Non-Accrual Loans	624	417
Originated \| Construction
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	42	1,187
Total Loans	42	1,187
Non-Accrual Loans	0	0
Originated \| Commercial business
Accounts, Notes, Loans and Financing Receivable [Line Items]
30-59 Days	18	0
60-89 Days	10	107
Past Due 90 Days or More-Still Accruing	0	0
Past Due 90 Days or More-Nonaccrual	44	901
Total Past Due	72	1,008
Total Current	17,062	18,604
Total Loans	17,134	19,612
Non-Accrual Loans	123	1,008
Originated \| Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
30-59 Days	284	259
60-89 Days	202	137
Past Due 90 Days or More-Still Accruing	0	0
Past Due 90 Days or More-Nonaccrual	147	206
Total Past Due	633	602
Total Current	14,260	16,547
Total Loans	14,893	17,149
Non-Accrual Loans	166	324
Purchased
Accounts, Notes, Loans and Financing Receivable [Line Items]
30-59 Days	1,633	0
60-89 Days	332	0
Past Due 90 Days or More-Still Accruing	0	0
Past Due 90 Days or More-Nonaccrual	1,706	1,055
Total Past Due	3,671	1,055
Total Current	130,053	83,415
Total Loans	133,724	84,470
Non-Accrual Loans	2,144	1,055
Purchased \| Residential real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	4,254	3,931
Purchased \| Home equity
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	0	0
Purchased \| Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
30-59 Days	1,588	0
60-89 Days	332	0
Past Due 90 Days or More-Still Accruing	0	0
Past Due 90 Days or More-Nonaccrual	1,706	1,055
Total Past Due	3,626	1,055
Total Current	125,844	79,484
Total Loans	129,470	80,539
Non-Accrual Loans	2,144	1,055
Purchased \| Construction
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	0	0
Purchased \| Commercial business
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	0	0
Purchased \| Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	0	0
Purchased \| Residential real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
30-59 Days	45	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	45	0
Total Current	4,209	3,931
Total Loans	4,254	3,931
Non-Accrual Loans	$ 0	$ 0

Loans, Allowance for Loan Losses and Credit Quality (Details 8) $ in Thousands	3 Months Ended	6 Months Ended
	Dec. 31, 2012 USD ($) contract	Dec. 31, 2012 USD ($) contract
Financing Receivable, Modifications [Line Items]
Number of Contracts \| contract	8	9
Recorded Investment Pre-Modification	$ 739	$ 961
Recorded Investment Post-Modification	$ 739	$ 961
Originated
Financing Receivable, Modifications [Line Items]
Number of Contracts \| contract	8	9
Recorded Investment Pre-Modification	$ 739	$ 961
Recorded Investment Post-Modification	$ 739	$ 961
Originated \| Residential real estate
Financing Receivable, Modifications [Line Items]
Number of Contracts \| contract	3	4
Recorded Investment Pre-Modification	$ 453	$ 675
Recorded Investment Post-Modification	$ 453	$ 675
Originated \| Home equity
Financing Receivable, Modifications [Line Items]
Number of Contracts \| contract	2	2
Recorded Investment Pre-Modification	$ 278	$ 278
Recorded Investment Post-Modification	$ 278	$ 278
Originated \| Commercial real estate
Financing Receivable, Modifications [Line Items]
Number of Contracts \| contract	0	0
Recorded Investment Pre-Modification	$ 0	$ 0
Recorded Investment Post-Modification	$ 0	$ 0
Originated \| Construction
Financing Receivable, Modifications [Line Items]
Number of Contracts \| contract	0	0
Recorded Investment Pre-Modification	$ 0	$ 0
Recorded Investment Post-Modification	$ 0	$ 0
Originated \| Commercial business
Financing Receivable, Modifications [Line Items]
Number of Contracts \| contract	0	0
Recorded Investment Pre-Modification	$ 0	$ 0
Recorded Investment Post-Modification	$ 0	$ 0
Originated \| Consumer
Financing Receivable, Modifications [Line Items]
Number of Contracts \| contract	3	3
Recorded Investment Pre-Modification	$ 8	$ 8
Recorded Investment Post-Modification	$ 8	$ 8
Purchased
Financing Receivable, Modifications [Line Items]
Number of Contracts \| contract	0	0
Recorded Investment Pre-Modification	$ 0	$ 0
Recorded Investment Post-Modification	$ 0	$ 0
Purchased \| Residential real estate
Financing Receivable, Modifications [Line Items]
Number of Contracts \| contract	0	0
Recorded Investment Pre-Modification	$ 0	$ 0
Recorded Investment Post-Modification	$ 0	$ 0
Purchased \| Commercial real estate
Financing Receivable, Modifications [Line Items]
Number of Contracts \| contract	0	0
Recorded Investment Pre-Modification	$ 0	$ 0
Recorded Investment Post-Modification	$ 0	$ 0

Loans, Allowance for Loan Losses and Credit Quality (Details 9) - Residential and consumer loans - USD ($) $ in Millions	6 Months Ended
	Dec. 31, 2012	Sep. 30, 2012
Financing Receivable, Impaired [Line Items]
Collateral dependent impaired loans		$ 1.1
Minimum
Financing Receivable, Impaired [Line Items]
Number of days a TDR payment is in default	90 days

Loans, Allowance for Loan Losses and Credit Quality (Details 10) $ in Thousands	3 Months Ended	6 Months Ended
	Dec. 31, 2012 USD ($) item contract	Dec. 31, 2012 USD ($) item contract
Financing Receivable, Modifications [Line Items]
Number of Contracts \| contract	8	9
Recorded Investment	$ 739	$ 961
Number of loans modified by TDR subsequently defaulted \| item	1	1
Recorded investment of loans modified by TDR subsequently defaulted	$ 36	$ 36
Extended maturity
Financing Receivable, Modifications [Line Items]
Number of Contracts \| contract	1	1
Recorded Investment	$ 242	$ 242
Adjusted interest rate
Financing Receivable, Modifications [Line Items]
Number of Contracts \| contract	0	0
Recorded Investment	$ 0	$ 0
Rate and maturity
Financing Receivable, Modifications [Line Items]
Number of Contracts \| contract	6	7
Recorded Investment	$ 461	$ 683
Court ordered concession
Financing Receivable, Modifications [Line Items]
Number of Contracts \| contract	1	1
Recorded Investment	$ 36	$ 36

Loans, Allowance for Loan Losses and Credit Quality (Details 11) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Dec. 31, 2012	Jun. 30, 2012
Financing Receivable, Modifications [Line Items]
TDRs, On Accrual Status	$ 2,154	$ 1,165
TDRs, On Nonaccrual Status	1,130	139
TDRs, Total	3,284	1,304
Originated
Financing Receivable, Modifications [Line Items]
TDRs, On Accrual Status	2,154	1,165
TDRs, On Nonaccrual Status	1,130	139
TDRs, Total	3,284	1,304
Originated \| Residential real estate
Financing Receivable, Modifications [Line Items]
TDRs, On Accrual Status	932	92
TDRs, On Nonaccrual Status	800	139
TDRs, Total	1,732	231
Originated \| Home equity
Financing Receivable, Modifications [Line Items]
TDRs, On Accrual Status	33	20
TDRs, On Nonaccrual Status	297	0
TDRs, Total	330	20
Originated \| Commercial real estate
Financing Receivable, Modifications [Line Items]
TDRs, On Accrual Status	1,068	1,053
TDRs, On Nonaccrual Status	0	0
TDRs, Total	1,068	1,053
Originated \| Construction
Financing Receivable, Modifications [Line Items]
TDRs, On Accrual Status	0	0
TDRs, On Nonaccrual Status	0	0
TDRs, Total	0	0
Originated \| Commercial business
Financing Receivable, Modifications [Line Items]
TDRs, On Accrual Status	0	0
TDRs, On Nonaccrual Status	0	0
TDRs, Total	0	0
Originated \| Consumer
Financing Receivable, Modifications [Line Items]
TDRs, On Accrual Status	121	0
TDRs, On Nonaccrual Status	33	0
TDRs, Total	154	0
Purchased
Financing Receivable, Modifications [Line Items]
TDRs, On Accrual Status	0	0
TDRs, On Nonaccrual Status	0	0
TDRs, Total	0	0
Purchased \| Residential real estate
Financing Receivable, Modifications [Line Items]
TDRs, On Accrual Status	0	0
TDRs, On Nonaccrual Status	0	0
TDRs, Total	0	0
Purchased \| Commercial real estate
Financing Receivable, Modifications [Line Items]
TDRs, On Accrual Status	0	0
TDRs, On Nonaccrual Status	0	0
TDRs, Total	$ 0	$ 0

Stock-Based Compensation (Details) - $ / shares		6 Months Ended
Stock-Based Compensation (Details) - $ / shares	Nov. 28, 2012	Dec. 31, 2012
Stock-Based Compensation
Outstanding at beginning of period, shares		796,049
Granted, shares		0
Exercised, shares		0
Forfeited, shares		(18,301)
Outstanding at end of period, shares		777,748
Options Exercisable, Shares		126,714
Options outstanding at beginning of period, Weighted Average Exercise Price		$ 13.98
Granted, Weighted Average Exercise Price		0.00
Exercised, Weighted Average Exercise Price		0.00
Forfeited, Weighted Average Exercise Price		13.40
Options outstanding at end of period, Weighted Average Exercise Price		14.00
Options Exercisable, Weighted Average Exercise Price		$ 14.08
2010 Plan
Stock-Based Compensation
Number of shares authorized	810,054
Restated Plan
Stock-Based Compensation
Number of additional shares authorized	600,000
Number of shares authorized	1,410,054

Stock-Based Compensation (Details 2) - USD ($)	6 Months Ended
Stock-Based Compensation (Details 2) - USD ($)	Dec. 31, 2012	Jun. 30, 2012
Share-based Compensation Arrangement by Share-based Payment Award
Options outstanding at end of period, Weighted Average Exercise Price	$ 14.00	$ 13.98
Options Outstanding Number	777,748	796,049
Outstanding Weighted Average Remaining Life	8 years 1 month 6 days
Outstanding Aggregate Intrinsic Value	$ 0
Exercisable Weighted Average Exercise Price	$ 14.08
Options Exercisable Number	126,714
Exercisable Weighted Average Remaining Life	8 years 1 month 6 days
Exercisable Aggregate Intrinsic Value	$ 0
Option 1
Share-based Compensation Arrangement by Share-based Payment Award
Options outstanding at end of period, Weighted Average Exercise Price	$ 12.63
Options Outstanding Number	32,500
Outstanding Weighted Average Remaining Life	9 years 1 month 6 days
Outstanding Aggregate Intrinsic Value	$ 0
Exercisable Weighted Average Exercise Price	$ 12.63
Options Exercisable Number	0
Exercisable Weighted Average Remaining Life	9 years 1 month 6 days
Exercisable Aggregate Intrinsic Value	$ 0
Option 2
Share-based Compensation Arrangement by Share-based Payment Award
Options outstanding at end of period, Weighted Average Exercise Price	$ 13.93
Options Outstanding Number	583,238
Outstanding Weighted Average Remaining Life	8 years
Outstanding Aggregate Intrinsic Value	$ 0
Exercisable Weighted Average Exercise Price	$ 13.93
Options Exercisable Number	94,312
Exercisable Weighted Average Remaining Life	8 years
Exercisable Aggregate Intrinsic Value	$ 0
Option 3
Share-based Compensation Arrangement by Share-based Payment Award
Options outstanding at end of period, Weighted Average Exercise Price	$ 14.52
Options Outstanding Number	162,010
Outstanding Weighted Average Remaining Life	8 years
Outstanding Aggregate Intrinsic Value	$ 0
Exercisable Weighted Average Exercise Price	$ 14.52
Options Exercisable Number	32,402
Exercisable Weighted Average Remaining Life	8 years
Exercisable Aggregate Intrinsic Value	$ 0

Stock-Based Compensation (Details 3) $ / shares in Units, $ in Thousands			6 Months Ended
	Dec. 29, 2012	Dec. 29, 2010 $ / shares shares	Dec. 31, 2012 USD ($) item
Stock-Based Compensation
Restricted stock granted to a senior executive \| shares		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, remaining shares vesting number of annual installments \| item			3
Maximum liability payable under performance-based stock appreciation rights total \| $			$ 48

Stock-Based Compensation (Details 4) $ in Thousands	12 Months Ended
Stock-Based Compensation (Details 4) $ in Thousands	Jun. 30, 2012 USD ($)
Share-based Compensation Arrangement by Share-based Payment Award
2013	$ 226
2014	424
2015	411
2016	268
2017	65
Total	1,394
Stock options
Share-based Compensation Arrangement by Share-based Payment Award
2013	208
2014	388
2015	375
2016	250
2017	65
Total	1,286
Restricted stock
Share-based Compensation Arrangement by Share-based Payment Award
2013	18
2014	36
2015	36
2016	18
2017	0
Total	$ 108

Discontinued Operations (Details) $ in Thousands	6 Months Ended	12 Months Ended
Discontinued Operations (Details) $ in Thousands	Dec. 31, 2012 USD ($)	Jun. 30, 2012 USD ($)	Aug. 31, 2011 item
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of separate transactions in which customer list and certain fixed assets sold \| item			2
Number of offices \| item			9
NGIB
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 (Details 2) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2012	Dec. 31, 2011
Discontinued Operations
Sale proceeds				$ 9,726
Customer lists and other intangible assets, net		$ 7,379		7,379
Fixed assets, net of accumulated depreciation		157		157
Severance and other direct expenses				661
Pre-tax gain recognized	$ 0	$ 0	$ 0	$ 1,529

Earnings Per Share (EPS) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2012	Dec. 31, 2011
Earnings Per Share (EPS)
Net income	$ 1,517	$ 418	$ 2,550	$ 947
Preferred stock dividends and accretion	(258)	(98)	(355)	(196)
Net income available to common stockholders	$ 1,259	$ 320	$ 2,195	$ 751
Weighted average shares used in calculation of basic EPS	10,383,441	3,494,498	10,383,441	3,494,498
Incremental shares from assumed exercise of dilutive securities	0	17,496	0	0
Weighted average shares used in calculation of diluted EPS	10,383,441	3,511,994	10,383,441	3,494,498
Earnings per common share:
Income (loss) from continuing operations	$ 0.12	$ 0.09	$ 0.21	$ (0.11)
Income from discontinued operations	0.00	0.00	0.00	0.32
Earnings per common share	0.12	0.09	0.21	0.21
Diluted earnings per common share:
Income (loss) from continuing operations	0.12	0.09	0.21	(0.11)
Income from discontinued operations	0.00	0.00	0.00	0.32
Diluted earnings per common share	$ 0.12	$ 0.09	$ 0.21	$ 0.21

Earnings Per Share (EPS) (Details 2) - shares	3 Months Ended		6 Months Ended
Earnings Per Share (EPS) (Details 2) - shares	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2012	Dec. 31, 2011
Anti-dilutive securities	848,891	824,007	854,299	824,007
Stock options
Anti-dilutive securities	783,149	756,049	787,449	756,049
Warrant
Anti-dilutive securities	65,742	67,958	66,850	67,958

- 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

Fair Value Measurements (Details) - USD ($) $ in Thousands	Dec. 31, 2012	Jun. 30, 2012
U.S. Government agency securities
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
U.S. Government agency securities	$ 45,618	$ 45,808
Agency mortgage-backed securities
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Agency mortgage-backed securities	88,745	87,456
Interest rate caps
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Other assets - interest rate caps	0	1
Interest rate swap
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Other liabilities - interest rate swap	514	580
Level 1 \| U.S. Government agency securities
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
U.S. Government agency securities	0	0
Level 1 \| Agency mortgage-backed securities
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Agency mortgage-backed securities	0	0
Level 1 \| Interest rate caps
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Other assets - interest rate caps	0	0
Level 1 \| Interest rate swap
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Other liabilities - interest rate swap	0	0
Level 2 \| U.S. Government agency securities
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
U.S. Government agency securities	45,618	45,808
Level 2 \| Agency mortgage-backed securities
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Agency mortgage-backed securities	88,745	87,456
Level 2 \| Interest rate caps
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Other assets - interest rate caps	0	1
Level 2 \| Interest rate swap
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Other liabilities - interest rate swap	514	580
Level 3 \| U.S. Government agency securities
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
U.S. Government agency securities	0	0
Level 3 \| Agency mortgage-backed securities
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Agency mortgage-backed securities	0	0
Level 3 \| Interest rate caps
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Other assets - interest rate caps	0	0
Level 3 \| Interest rate swap
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items]
Other liabilities - interest rate swap	$ 0	$ 0

Fair Value Measurements (Details 2) - USD ($) $ in Thousands	Dec. 31, 2012	Jun. 30, 2012
Fair Value Assets And Liabilities Measured On Nonrecurring Basis [Line Items]
Impaired loans	$ 1,346	$ 1,103
Repossessed collateral	1,117	834
Level 1
Fair Value Assets And Liabilities Measured On Nonrecurring Basis [Line Items]
Impaired loans	0	0
Repossessed collateral	0	0
Level 2
Fair Value Assets And Liabilities Measured On Nonrecurring Basis [Line Items]
Impaired loans	0	0
Repossessed collateral	0	0
Level 3
Fair Value Assets And Liabilities Measured On Nonrecurring Basis [Line Items]
Impaired loans	1,346	1,103
Repossessed collateral	$ 1,117	$ 834

Fair Value Measurements (Details 3) - USD ($) $ in Thousands	Dec. 31, 2012	Jun. 30, 2012	Dec. 31, 2011	Jun. 30, 2011
Financial assets:
Cash and cash equivalents	$ 127,612	$ 128,274	$ 58,363	$ 83,931
Available-for-sale securities	133,363	133,264
Regulatory stock	5,473	5,473
Loans held for sale	8,262	9,882
Loans, net	391,708	355,430
Accrued interest receivable	2,068	1,840
Interest rate caps	0	1
Cash and cash equivalents	127,612	128,274
Available-for-sale securities	133,363	133,264
Regulatory stock	5,473	5,473
Loans held for sale	8,267	9,896
Loans, net	410,313	374,062
Accrued interest receivable	2,068	1,840
Interest rate caps	0	1
Financial liabilities:
Deposits	501,518	422,188
FHLB advances	43,213	43,450
Structured repurchase agreements	25,637	66,183
Short-term borrowings	1,570	1,209
Capital lease obligation	1,827	1,911
Subordinated debentures	8,186	8,106
Interest rate swaps	514	580
Deposits	504,651	425,782
FHLB advances	45,190	45,747
Structured repurchase agreements	26,622	67,314
Short-term borrowings	1,570	1,209
Capital lease obligation	2,105	2,202
Subordinated debentures	8,040	8,597
Interest rate swaps	514	580
Level 1
Financial assets:
Interest rate caps	0	0
Cash and cash equivalents	127,612	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
Financial liabilities:
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
Level 2
Financial assets:
Interest rate caps	0	1
Cash and cash equivalents	0	0
Available-for-sale securities	133,363	133,264
Regulatory stock	5,473	5,473
Loans held for sale	8,267	9,896
Loans, net	0	0
Accrued interest receivable	2,068	1,840
Interest rate caps	0	1
Financial liabilities:
Deposits	504,651	425,782
FHLB advances	45,190	45,747
Structured repurchase agreements	26,622	67,314
Short-term borrowings	1,570	1,209
Capital lease obligation	2,105	2,202
Subordinated debentures	0	0
Interest rate swaps	514	580
Level 3
Financial assets:
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	410,313	374,062
Accrued interest receivable	0	0
Interest rate caps	0	0
Financial liabilities:
Deposits	0	0
FHLB advances	0	0
Structured repurchase agreements	0	0
Short-term borrowings	0	0
Capital lease obligation	0	0
Subordinated debentures	8,040	8,597
Interest rate swaps	$ 0	$ 0

Derivatives and Hedging Activities (Details) $ in Thousands	3 Months Ended		6 Months Ended
Derivatives and Hedging Activities (Details) $ in Thousands	Dec. 31, 2012 USD ($) item	Dec. 31, 2011 USD ($)	Dec. 31, 2012 USD ($) item	Dec. 31, 2011 USD ($)	Jun. 30, 2012 USD ($)
Derivative [Line Items]
Margin account balance	$ 800		$ 800		$ 800
Interest income (expense) on hedge ineffectiveness	19	$ 21	$ 37	$ 43
Interest rate swap
Derivative [Line Items]
Variable rate basis			three month LIBOR
Interest income (expense) on hedge ineffectiveness	$ 25	25	$ 51	50
Interest Income on hedge ineffectiveness related to next twelve months			$ 100
Interest rate caps
Derivative [Line Items]
Number of derivative instruments held \| item	2		2
Interest income (expense) on hedge ineffectiveness	$ (6)	$ (4)	$ (14)	$ (7)
Hedge gain reclassified as interest expense related to next twelve months			$ 28

Derivatives and Hedging Activities (Details 2) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Dec. 31, 2012	Jun. 30, 2012
Interest Rate Caps
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 9 months	2 years 3 months
Unrealized loss	$ 57	$ 69
Interest Rate Swap
Derivative [Line Items]
Notional amount	$ 10,000	$ 10,000
Weighted average pay rate	4.69%	4.69%
Weighted average receive rate	2.31%	2.36%
Weighted average maturity in years	2 years 2 months 1 day	2 years 8 months 1 day
Unrealized loss	$ 299	$ 315

Derivatives and Hedging Activities (Details 3) - USD ($) $ in Thousands	Dec. 31, 2012	Jun. 30, 2012
Interest rate caps
Derivative [Line Items]
Interest rate caps	$ 0	$ 1
Interest rate swap
Derivative [Line Items]
Interest rate swap	$ 514	$ 580

Other Comprehensive (Loss) Income (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2012	Dec. 31, 2011	Jun. 30, 2012
Other Comprehensive (Loss) Income
Change in net unrealized gain or loss on available-for-sale securities	$ (204)	$ (180)	$ (102)	$ 900
Reclassification adjustment for net gains included in net income	0	(286)	(522)	(251)
Total available-for-sale securities	(204)	(466)	(624)	649
Change in accumulated loss on effective cash flow hedges	39	36	43	(94)
Reclassification adjustment for net gains included in net income	(13)	(13)	(24)	(29)
Total derivatives and hedging activities	26	23	19	(123)
Total other comprehensive loss	(178)	(443)	(605)	526
Change in net unrealized gain or loss on available-for-sale securities	(107)	(93)	(52)	463
Reclassification adjustment for net gains included in net income	0	(147)	(270)	(129)
Total available-for-sale securities	(107)	(240)	(322)	334
Change in accumulated loss on effective cash flow hedges	20	19	22	(49)
Reclassification adjustment for net gains included in net income	(6)	(8)	(13)	(14)
Total derivatives and hedging activities	14	11	9	(63)
Total other comprehensive loss	(93)	(229)	(313)	271
Change in net unrealized gain or loss on available-for-sale securities	(311)	(273)	(154)	1,363
Reclassification adjustment for net gains included in net income	0	(433)	(792)	(380)
Total available-for-sale securities	(311)	(706)	(946)	983
Change in accumulated loss on effective cash flow hedges	59	55	65	(143)
Reclassification adjustments for net gains included in net income	(19)	(21)	(37)	(43)
Total derivatives and hedging activities	40	34	28	(186)
Total other comprehensive loss	(271)	$ (672)	(918)	$ 797
Unrealized (loss) gain on available-for-sale securities	(321)		(321)		$ 624
Tax effect			109		(212)
Net-of-tax amount			(212)		412
Unrealized loss on cash flow hedges			(356)		(384)
Tax effect			121		130
Net-of-tax amount			(235)		(254)
Accumulated other comprehensive (loss) income	$ (447)		$ (447)		$ 158

Stockholders' Equity (Details) $ in Thousands	3 Months Ended
Stockholders' Equity (Details) $ in Thousands	Dec. 31, 2012 USD ($) shares
Stockholders' Equity
Amount paid to redeem shares of preferred stock	$ 4,200
Number of shares repurchased by common stock warrant \| shares	67,958
Amount of warrants repurchased	$ 95

Stockholders' Equity (Details 2) - $ / shares	Dec. 31, 2012	Nov. 28, 2012	Jun. 30, 2012
Authorized Shares
Preferred stock, shares authorized	1,000,000	1,000,000	1,000,000
Shares authorized		29,000,000
Prior to amendment
Authorized Shares
Shares authorized		16,000,000
Voting common stock
Authorized Shares
Common stock, par value (in dollars per share)	$ 1.00	$ 1.00	$ 1.00
Common stock, shares authorized	25,000,000	25,000,000	13,500,000
Voting common stock \| Prior to amendment
Authorized Shares
Common stock, shares authorized		13,500,000
Non-voting common stock
Authorized Shares
Common stock, par value (in dollars per share)	$ 1.00	$ 1.00	$ 1.00
Common stock, shares authorized	3,000,000	3,000,000	1,500,000
Non-voting common stock \| Prior to amendment
Authorized Shares
Common stock, shares authorized		1,500,000

Commitments and Contingencies (Details) - USD ($) $ in Thousands	1 Months Ended
	Aug. 31, 2011	Dec. 31, 2012	Jun. 30, 2012
Contingencies
Residential real estate mortgages		$ 13,262	$ 10,279
Construction loans		0	106
Consumer		0	25
Commercial real estate mortgages		0	361
Commercial business loans		135	1,145
Commitment to originate loans		13,397	11,916
Unused lines of credit		34,422	36,276
Standby letters of credit		417	602
Unadvanced portions of construction loans		$ 0	$ 162
TSM Properties, LLC v. Northeast Bank and Daniel G. Thompson
Contingencies
Damages sought	$ 2,200