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Document and Entity Information - shares	3 Months Ended
Document and Entity Information - shares	Sep. 30, 2013	Oct. 31, 2013
Document and Entity Information
Entity Registrant Name	NORTHEAST BANCORP /ME/
Entity Central Index Key	0000811831
Document Type	10-Q
Document Period End Date	Sep. 30, 2013
Amendment Flag	false
Current Fiscal Year End Date	--06-30
Entity Current Reporting Status	Yes
Entity Filer Category	Smaller Reporting Company
Document Fiscal Year Focus	2014
Document Fiscal Period Focus	Q1
Voting common stock
Document and Entity Information
Entity Common Stock, Shares Outstanding		9,552,587
Non-voting common stock
Document and Entity Information
Entity Common Stock, Shares Outstanding		880,963

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2013	Jun. 30, 2013
Assets
Cash and due from banks	$ 2,849	$ 3,238
Short-term investments	74,502	62,696
Total cash and cash equivalents	77,351	65,934
Available-for-sale securities, at fair value	118,207	121,597
Loans held for sale	5,418	8,594
Loans	483,486	435,376
Less: Allowance for loan losses	1,224	1,143
Loans, net	482,262	434,233
Premises and equipment, net	9,827	10,075
Real estate owned and other repossessed collateral, net	3,413	2,134
Federal Home Loan Bank and Federal Reserve Bank stock, at cost	5,721	5,721
Intangible assets, net	3,334	3,544
Bank owned life insurance	14,502	14,385
Other assets	4,920	4,422
Total assets	724,955	670,639
Deposits
Demand	50,392	46,425
Savings and interest checking	91,330	90,970
Money market	85,855	84,416
Time	304,521	262,812
Total deposits	532,098	484,623
Federal Home Loan Bank advances	42,985	28,040
Wholesale repurchase agreements	15,343	25,397
Short-term borrowings	1,970	625
Junior subordinated debentures issued to affiliated trusts	8,310	8,268
Capital lease obligation	1,695	1,739
Other liabilities	8,708	8,145
Total liabilities	611,109	556,837
Commitments and contingencies
Stockholders' equity
Preferred stock, $1.00 par value, 1,000,000 shares authorized; no shares issued and outstanding at September 30, 2013 and June 30, 2013
Additional paid-in capital	93,081	92,745
Retained earnings	11,904	12,524
Accumulated other comprehensive loss	(1,573)	(1,914)
Total stockholders' equity	113,846	113,802
Total liabilities and stockholders' equity	724,955	670,639
Voting common stock
Stockholders' equity
Common stock	9,553	9,566
Total stockholders' equity	9,553	9,566
Non-voting common stock
Stockholders' equity
Common stock	881	881
Total stockholders' equity	$ 881	$ 881

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Sep. 30, 2013	Jun. 30, 2013
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	0
Preferred stock, shares outstanding	0	0
Voting common stock
Common stock, par value (in dollars per share)	$ 1.00	$ 1.00
Common stock, shares authorized	25,000,000	25,000,000
Common stock, issued	9,552,587	9,565,680
Common stock, outstanding	9,552,587	9,565,680
Non-voting common stock
Common stock, par value (in dollars per share)	$ 1.00	$ 1.00
Common stock, shares authorized	3,000,000	3,000,000
Common stock, issued	880,963	880,963
Common stock, outstanding	880,963	880,963

CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	3 Months Ended
CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	Sep. 30, 2013	Sep. 30, 2012
Interest income:
Loans	$ 8,457	$ 7,341
Available-for-sale securities	282	347
Other	52	89
Total interest income	8,791	7,777
Interest expense:
Deposits	1,047	978
Federal Home Loan Bank advances	323	259
Wholesale repurchase agreements	95	219
Short-term borrowings	5	6
Junior subordinated debentures issued to affiliated trusts	192	193
Obligation under capital lease agreements	22	24
Total interest expense	1,684	1,679
Net interest income before provision for loan losses	7,107	6,098
Provision for loan losses	77	228
Net interest income after provision for loan losses	7,030	5,870
Noninterest income:
Fees for other services to customers	439	310
Net securities gains		792
Gain on sales of loans held for sale	539	756
Gain on sales of portfolio loans	216
(Loss) gain recognized on real estate owned and other repossessed collateral, net	(38)	451
Investment commissions	675	675
Bank-owned life insurance income	118	123
Other noninterest income	14	43
Total noninterest income	1,963	3,150
Noninterest expense:
Salaries and employee benefits	5,144	4,057
Occupancy and equipment expense	1,355	1,078
Professional fees	426	423
Data processing fees	314	268
Marketing expense	44	187
Loan acquisition and collection expense	473	454
FDIC insurance premiums	110	117
Intangible asset amortization	210	265
Legal settlement expense (recovery)	(250)
Other noninterest expense	686	653
Total noninterest expense	8,512	7,502
Income before income tax expense	481	1,518
Income tax expense	161	484
Net income	320	1,034
Net income available to common stockholders	$ 320	$ 936
Weighted-average shares outstanding:
Basic (in shares)	10,440,513	10,383,441
Diluted (in shares)	10,440,513	10,383,441
Earnings per common share:
Basic (in dollars per share)	$ 0.03	$ 0.09
Diluted (in dollars per share)	0.03	0.09
Diluted:
Cash dividends declared per common share (in dollars per share)	$ 0.09	$ 0.09

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2013	Sep. 30, 2012
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
Net income	$ 320	$ 1,034
Available-for-sale securities:
Change in net unrealized gain or loss on available-for-sale securities	517	157
Reclassification adjustment for net gains included in net income		(792)
Total available-for-sale securities	517	(635)
Derivatives and hedging activities:
Change in accumulated loss on effective cash flow hedges	19	6
Reclassification adjustments for net gains included in net income	(19)	(18)
Total derivatives and hedging activities		(12)
Total other comprehensive income (loss), before tax	517	(647)
Income tax expense (benefit) related to other comprehensive (loss) income	176	(220)
Other comprehensive income (loss), net of tax	341	(427)
Total comprehensive income	$ 661	$ 607

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Total	Voting Common Stock	Non-voting Common Stock	Preferred Stock	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)
Balance at Jun. 30, 2012	$ 119,135	$ 9,307	$ 1,076	$ 4	$ 96,359	$ 12,235	$ 158
Balance (in shares) at Jun. 30, 2012		9,307,127	1,076,314	4,227
Net income	1,034					1,034
Other comprehensive income (loss), net of tax	(427)						(427)
Conversion of non-voting common stock to voting common stock		$ 106	$ (106)
Conversion of non-voting common stock to voting common stock (in shares)		105,845	(105,845)
Dividends on preferred stock	(53)					(53)
Dividends on common stock at $0.09 per share for the three month ended September 30, 2012 and 2013, respectively	(935)					(935)
Stock-based compensation	99				99
Accretion of preferred stock					45	(45)
Balance at Sep. 30, 2012	118,853	$ 9,413	$ 970	$ 4	96,503	12,236	(269)
Balance (in shares) at Sep. 30, 2012		9,412,972	970,469	4,227
Balance at Jun. 30, 2013	113,802	$ 9,566	$ 881		92,745	12,524	(1,914)
Balance (in shares) at Jun. 30, 2013		9,565,680	880,963
Net income	320					320
Other comprehensive income (loss), net of tax	341						341
Dividends on common stock at $0.09 per share for the three month ended September 30, 2012 and 2013, respectively	(940)					(940)
Stock-based compensation	323				323
Forfeiture of restricted common stock		$ (13)			13
Forfeiture of restricted common stock (in shares)		(13,093)
Balance at Sep. 30, 2013	$ 113,846	$ 9,553	$ 881		$ 93,081	$ 11,904	$ (1,573)
Balance (in shares) at Sep. 30, 2013		9,552,587	880,963

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (Parenthetical) - $ / shares	3 Months Ended
	Sep. 30, 2013	Sep. 30, 2012
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY
Dividends on common stock (in dollars per share)	$ 0.09	$ 0.09

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2013	Sep. 30, 2012
Operating activities:
Net income	$ 320	$ 1,034
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Provision for loan losses	77	228
Loss (gain) on sale and impairment of real estate owned, net	38	(451)
Originations of loans held for sale	(27,433)	(38,204)
Net proceeds from sales of loans held for sale	31,148	35,856
Gain on sales of loans held for sale	(539)	(756)
Gain on sales of portfolio loans	(216)
Amortization of intangible assets	210	265
Bank-owned life insurance income, net	(118)	(123)
Depreciation of premises and equipment	522	424
Gain on sale of premises and equipment	(1)
Net gain on sale of available-for-sale securities		(792)
Stock-based compensation	323	99
Amortization of securities, net	335	420
Changes in other assets and liabilities:
Other assets	(497)	349
Other liabilities	387	(177)
Net cash provided by (used in) operating activities	3,035	(4,236)
Investing activities:
Proceeds from sales of available-for-sale securities		159,579
Purchases of available-for-sale securities	(3,004)	(167,294)
Proceeds from maturities and principal payments on available-for-sale securities	6,576	3,647
Loan purchases	(16,348)	(31,023)
Loan originations and principal collections, net	(31,961)	11,437
Purchases of premises and equipment	(284)	(514)
Proceeds from sales of premises and equipment	11
Proceeds from sales of real estate owned and other repossessed collateral	150	595
Proceeds from sales of portfolio loans	205
Net cash used in investing activities	(44,655)	(23,573)
Financing activities:
Net increase in deposits	47,676	33,862
Net decrease in short-term borrowings	1,345	(725)
Dividends paid on preferred stock		(53)
Dividends paid on common stock	(940)	(935)
Proceeds from FHLB advances	15,000
Repayment of wholesale repurchase agreements	(10,000)	(30,000)
Repayment of capital lease obligation	(44)	(42)
Net cash provided by financing activities	53,037	2,107
Net increase (decrease) in cash and cash equivalents	11,417	(25,702)
Cash and cash equivalents, beginning of period	65,934	128,274
Cash and cash equivalents, end of period	77,351	102,572
Supplemental schedule of noncash investing and financing activities:
Transfers from loans to real estate owned and other repossessed collateral	1,531	3,010
Transfers from real estate owned and other repossessed collateral to loans		1,055
Loans
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Accretion of fair value adjustments, net	(1,317)	(1,692)
Deposits
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Accretion of fair value adjustments, net	(201)	(275)
Borrowings
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Accretion of fair value adjustments, net	$ (67)	$ (441)

Basis of Presentation	3 Months Ended
Basis of Presentation	Sep. 30, 2013
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, results of operations, and cash flows for the interim periods presented. These financial statements and notes should be read in conjunction with the audited consolidated financial statements and notes thereto for the fiscal year ended June 30, 2013 (“Fiscal 2013”) included in the Company’s Annual Report on Form 10-K filed with the Securities and Exchange Commission.

Recent Accounting Pronouncements	3 Months Ended
Recent Accounting Pronouncements	Sep. 30, 2013
Recent Accounting Pronouncements
Recent Accounting Pronouncements	2. Recent Accounting Pronouncements In December 2011, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“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 adoption of this guidance did not have a material impact on the consolidated financial statements. In January 2013, the FASB issued ASU No. 2013-01, Balance Sheet (Topic 210): Disclosures about Offsetting Assets and Liabilities (“ASU 2013-01). The amendments clarify that the scope of Update 2011-11 applies to derivatives accounted for in accordance with Topic 815, Derivatives and Hedging, including bifurcated embedded derivatives, repurchase agreements and reverse repurchase agreements, and securities borrowing and securities lending transactions that are either offset in accordance with Section 210-20-45 or Section 815-10-45 or subject to an enforceable master netting arrangement or similar agreement. The new standards are effective for annual periods beginning January 1, 2013 and for interim periods within those annual periods. Retrospective application is required. 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
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-Name Accounting Standards Codification
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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
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-Section S99
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-Subparagraph (SX 210.10-01.(b)(6))
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-URI http://asc.fasb.org/extlink&oid=6503790

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-Name Accounting Standards Codification
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-Publisher FASB
-Name Accounting Standards Codification
-Glossary Retrospective Application
-URI http://asc.fasb.org/extlink&oid=6523989

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-URI http://asc.fasb.org/extlink&oid=6372559&loc=d3e765-108305

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

+ Details

Securities Available-for-Sale

3 Months Ended

Sep. 30, 2013

Securities Available-for-Sale

Securities Available-for-Sale

3. Securities Available-for-Sale

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

	September 30, 2013				June 30, 2013
	Amortized		Fair		Amortized		Fair
	Cost		Value		Cost		Value
	(Dollars in thousands)
U.S. Government agency securities	$	45,181	$	45,223	$	45,289	$	45,333
Agency mortgage-backed securities	75,146		72,984		78,944		76,264
	$	120,327	$	118,207	$	124,233	$	121,597

The gross unrealized gains and unrealized losses on available-for-sale securities follow.

	September 30, 2013					June 30, 2013
	Gross		Gross			Gross		Gross
	Unrealized		Unrealized			Unrealized		Unrealized
	Gains		Losses			Gains		Losses
	(Dollars in thousands)
U.S. Government agency securities	$	42	$	—		$	44	$	—
Agency mortgage-backed securities	—		(2,162		)	—		(2,680		)
	$	42	$	(2,162	)	$	44	$	(2,680	)

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

	Three Months Ended September 30,
	2013		2012
	(Dollars in thousands)
Gross realized gains	$	—	$	831
Gross realized losses	—		(39		)
Net security gains	$	—	$	792

At September 30, 2013, investment securities with a fair value of approximately $42.9 million were pledged as collateral to secure outstanding borrowings.

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

	September 30, 2013
	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	$	—	$	—		$	—	$	—		$	—	$	—
Agency mortgage-backed securities	69,719		(2,155		)	3,265		(7		)	72,984		(2,162		)
	$	69,719	$	(2,155	)	$	3,265	$	(7	)	$	72,984	$	(2,162	)

	June 30, 2013
	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	$	—	$	—		$	—	$	—	$	—	$	—
Agency mortgage-backed securities	76,264		(2,680		)	—		—		76,264		(2,680		)
	$	76,264	$	(2,680	)	$	—	$	—	$	76,264	$	(2,680	)

There were no other-than-temporary impairment losses on securities during the three months ended September 30, 2013 or 2012.

At September 30, 2013, the Company had one security in a continuous loss position for greater than twelve months. At September 30, 2013, all of the Company’s available-for-sale securities were issued or guaranteed by either government agencies or government-sponsored enterprises. The decline in fair value of the Company’s available-for-sale securities at September 30, 2013 is attributable to changes in interest rates.

Management of the Company, in addition to considering current trends and economic conditions that may affect the quality of individual securities within the Company’s investment portfolio, also considers the Company’s ability and intent to hold such securities to maturity or recovery of cost. Management does not believe any of the Company’s available-for-sale securities are other-than-temporarily impaired at September 30, 2013.

The amortized cost and fair values of available-for-sale debt securities by contractual maturity are shown below as of September 30, 2013. 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	$	42,176	$	42,217
Due after one year through five years	3,004		3,005
Due after five years through ten years	39,441		38,715
Due after ten years	35,706		34,270
	$	120,327	$	118,207

- 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
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-URI http://asc.fasb.org/extlink&oid=6379141&loc=d3e15032-111544

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

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-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

3 Months Ended

Sep. 30, 2013

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 “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 status for a minimum period of six months to demonstrate that the borrower can meet the restructured terms. If the restructured loan is on accrual status prior to being modified, it is reviewed to determine if the modified loan should remain on accrual status. If the borrower’s ability to meet the revised payment schedule is not reasonably assured, the loan is classified as a nonaccrual loan. With limited exceptions, loans classified as TDRs remain classified as such until the loan is paid off.

The composition of the Company’s loan portfolio follows.

	September 30, 2013						June 30, 2013
	Originated		Purchased		Total		Originated		Purchased		Total
	(Dollars in thousands)
Residential real estate	$	110,720	$	2,645	$	113,365	$	89,734	$	2,706	$	92,440
Home equity	33,255		—		33,255		35,389		—		35,389
Commercial real estate	109,326		174,746		284,072		100,402		164,046		264,448
Construction	42		—		42		42		—		42
Commercial business	40,220		21		40,241		29,686		34		29,720
Consumer	12,511		—		12,511		13,337		—		13,337
Total loans	$	306,074	$	177,412	$	483,486	$	268,590	$	166,786	$	435,376

Allowance for Loan Losses and Impaired Loans

The allowance for loan losses is established as losses are estimated to have occurred through a provision for loan losses charged to earnings. For residential and consumer loans, a charge-off is recorded no later than the point at which a loan is 180 days past due if the loan balance exceeds the fair value of the collateral, less costs to sell. For commercial loans, a charge-off is recorded on a case-by-case basis when all or a portion of the loan is deemed to be uncollectible. Subsequent recoveries, if any, are credited to the allowance.

The allowance for loan losses consists of general, specific, and unallocated reserves and reflects management’s estimate of probable loan losses inherent in the loan portfolio at the balance sheet date. Management uses a consistent and systematic process and methodology to evaluate the 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 significant changes in the Company’s policies or methodology pertaining to the general component of the allowance for loan losses during the three months ended September 30, 2013 or 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 changes in interest rate indices and other non-credit related factors, discounted at the loan’s effective rate assumed at acquisition. Factors considered by management in determining impairment include payment status, collateral value, and the probability of the collecting scheduled principal and interest payments when due.

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

	Three Months Ended September 30, 2013
	Residential			Commercial			Commercial
	Real Estate			Real Estate			Business			Consumer			Purchased		Unallocated		Total
	(Dollars in thousands)
Beginning balance	$	594		$	173		$	70		$	189		$	76	$	41	$	1,143
Provision	115			(10		)	(26		)	(53		)	25		26		77
Recoveries	6			—			6			18			—		—		30
Charge-offs	(20		)	—			—			(6		)	—		—		(26		)
Ending balance	$	695		$	163		$	50		$	148		$	101	$	67	$	1,224

	Three Months Ended September 30, 2012
	Residential			Commercial			Commercial
	Real Estate			Real Estate			Business			Consumer			Purchased		Unallocated		Total
	(Dollars in thousands)
Beginning balance	$	214		$	93		$	292		$	225		$	—	$	—	$	824
Provision	213			(22		)	(36		)	73			—		—		228
Recoveries	1			—			—			3			—		—		4
Charge-offs	(127		)	—			(203		)	(58		)	—		—		(388		)
Ending balance	$	301		$	71		$	53		$	243		$	—	$	—	668

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

	September 30, 2013
	Residential		Commercial		Commercial
	Real Estate		Real Estate		Business		Consumer		Purchased		Unallocated		Total
	(Dollars in thousands)
Allowance for loan losses:
Individually evaluated	$	190	$	81	$	44	$	11	$	65	$	—	$	391
Collectively evaluated	505		82		6		137		—		67		797
ASC 310-30	—		—		—		—		36		—		36
Total	$	695	$	163	$	50	$	148	$	101	$	67	$	1,224

Loans:
Individually evaluated	$	2,281	$	1,561	$	123	$	201	$	2,544	$	—	$	6,710
Collectively evaluated	141,694		107,807		40,097		12,310		—		—		301,908
ASC 310-30	—		—		—		—		174,868		—		174,868
Total	$	143,975	$	109,368	$	40,220	$	12,511	$	177,412	$	—	$	483,486

	June 30, 2013
	Residential		Commercial		Commercial
	Real Estate		Real Estate		Business		Consumer		Purchased		Unallocated		Total
	(Dollars in thousands)
Allowance for loan losses:
Individually evaluated	$	235	$	85	$	63	$	23	$	65	$	—	$	471
Collectively evaluated	359		88		7		166		—		41		661
ASC 310-30	—		—		—		—		11		—		11
Total	$	594	$	173	$	70	$	189	$	76	$	41	$	1,143

Loans:
Individually evaluated	$	2,626	$	1,558	$	110	$	149	$	1,129	$	—	$	5,572
Collectively evaluated	122,497		98,886		29,576		13,188		—		—		264,147
ASC 310-30	—		—		—		—		165,657		—		165,657
Total	$	125,123	$	100,444	$	29,686	$	13,337	$	166,786	$	—	$	435,376

The following table sets forth information regarding impaired loans. Loans accounted for under ASC 310-30 that have performed based on cash flow and accretable yield expectations determined at date of acquisition are not considered impaired assets and have been excluded from the tables below.

	At September 30, 2013						At June 30, 2013
			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	$	964	$	1,025	$	—	$	1,158	$	1,225	$	—
Consumer	80		85		—		88		93		—
Commercial real estate	443		476		—		434		479		—
Commercial business	79		133		—		47		101		—
Purchased:
Commercial real estate	2,345		3,697		—		928		1,279		—
Total	3,911		5,416		—		2,655		3,177		—

Impaired loans with a valuation allowance:
Originated:
Residential real estate	1,317		1,287		190		1,468		1,420		235
Consumer	121		121		11		61		61		23
Commercial real estate	1,118		1,126		81		1,124		1,131		85
Commercial business	44		79		44		63		98		63
Purchased:
Commercial real estate	199		275		65		201		276		65
Total	2,799		2,888		391		2,917		2,986		471
Total impaired loans	$	6,710	$	8,304	$	391	$	5,572	$	6,163	$	471

	Three Months Ended September 30,
	2013				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	$	1,061	$	6	$	552	$	5
Consumer	84		1		22		1
Commercial real estate	439		7		1,366		20
Commercial business	63		3		270		3
Purchased:
Commercial real estate	1,637		7		528		—
Total	3,284		24		2,738		29

Impaired loans with a valuation allowance:
Originated:
Residential real estate	1,393		18		420		9
Consumer	91		1		37		1
Commercial real estate	1,121		26		550		6
Commercial business	54		—		398		—
Purchased:
Commercial real estate	200		2		—		—
Total	2,859		47		1,405		16
Total impaired loans	$	6,143	$	71	$	4,143	$	45

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 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 loans by risk rating.

	September 30, 2013
	Originated Portfolio
	Commercial				Commercial
	Real Estate		Construction		Business		Purchased Portfolio		Total
	(Dollars in thousands)
Loans rated 1- 6	$	104,656	$	42	$	39,894	$	173,513	$	318,105
Loans rated 7	3,651		—		44		1,478		5,173
Loans rated 8	1,019		—		282		2,421		3,722
Loans rated 9	—		—		—		—		—
Loans rated 10	—		—		—		—		—
	$	109,326	$	42	$	40,220	$	177,412	$	327,000

	June 30, 2013
	Originated Portfolio
	Commercial				Commercial
	Real Estate		Construction		Business		Purchased Portfolio		Total
	(Dollars in thousands)
Loans rated 1- 6	$	95,834	$	42	$	29,340	$	161,965	$	287,181
Loans rated 7	3,537		—		82		3,226		6,845
Loans rated 8	1,031		—		264		1,595		2,890
Loans rated 9	—		—		—		—		—
Loans rated 10	—		—		—		—		—
	$	100,402	$	42	$	29,686	$	166,786	$	296,916

Past Due and Nonaccrual Loans

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

	September 30, 2013
					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	$	193	$	379	$	—	$	1,686	$	2,258	$	108,462	$	110,720	$	1,945
Home equity	57		97		—		215		369		32,886		33,255		229
Commercial real estate	56		—		—		98		154		109,172		109,326		471
Construction	—		—		—		—		—		42		42		—
Commercial business	—		—		—		44		44		40,176		40,220		62
Consumer	204		126		—		158		488		12,023		12,511		259
Total originated portfolio	510		602		—		2,201		3,313		302,761		306,074		2,966

Purchased portfolio:
Residential real estate	—		—		—		—		—		2,645		2,645		—
Commercial business	—		—		—		—		—		21		21		—
Commercial real estate	741		363		—		2,238		3,342		171,404		174,746		2,553
Total purchased portfolio	741		363		—		2,238		3,342		174,070		177,412		2,553
Total loans	$	1,251	$	965	$	—	$	4,439	$	6,655	$	476,831	$	483,486	$	5,519

	June 30, 2013
					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	$	278	$	408	$	—	$	1,965	$	2,651	$	87,083	$	89,734	$	2,346
Home equity	53		47		—		253		353		35,036		35,389		334
Commercial real estate	91		326		—		98		515		99,887		100,402		473
Construction	—		—		—		—		—		42		42		—
Commercial business	—		—		—		44		44		29,642		29,686		110
Consumer	193		77		—		117		387		12,950		13,337		136
Total originated portfolio	615		858		—		2,477		3,950		264,640		268,590		3,399

Purchased portfolio:
Residential real estate	—		—		—		—		—		2,706		2,706		—
Commercial business	—		—		—		—		—		34		34		—
Commercial real estate	—		2,210		—		1,135		3,345		160,701		164,046		1,457
Total purchased portfolio	—		2,210		—		1,135		3,345		163,441		166,786		1,457
Total loans	$	615	$	3,068	$	—	$	3,612	$	7,295	$	428,081	$	435,376	$	4,856

Troubled Debt Restructurings

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

	Three Months Ended September 30,
	2013			2012
	Number of	Recorded		Number of	Recorded
	Contracts	Investment		Contracts	Investment
	(Dollars in thousands)
Extended maturity	1	$	14	—	$	—
Adjusted interest rate	1	82		—	—
Rate and maturity	—	—		1	222
Principal deferment	2	341		—	—
	4	$	437	1	$	222

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

	Three Months Ended September 30,
	2013					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	—	$	—	$	—	1	$	222	$	222
Home equity	1	14		14		—	—		—
Commercial real estate	1	323		323		—	—		—
Commercial business	1	18		18		—	—		—
Consumer	1	82		82		—	—		—
Total originated portfolio	4	437		437		1	222		222

Purchased portfolio:
Residential real estate	—	—		—		—	—		—
Commercial real estate	—	—		—		—	—		—
Total purchased portfolio	—	—		—		—	—		—
Total	4	$	437	$	437	1	$	222	$	222

The Company considers TDRs past due 90 days or more to be in payment default. One loan modified in a TDR in the last twelve months defaulted during the three months ended September 30, 2013; the recorded investment of such loan was $69 thousand. As of September 30, 2013, there were no further commitments to lend associated with loans modified in a TDR.

ASC 310-30 Loans

The following table presents a summary of loans accounted for under ASC 310-30 that were acquired by the Company during period.

	Three Months Ended September 30, 2013
	(Dollars in thousands)
Contractually required payments receivable	$	22,217
Nonaccretable difference	(173		)
Cash flows expected to be collected	22,044
Accretable yield	(5,696		)
Fair value of loans acquired	$	16,348

The following table summarizes the activity in the accretable yield for loans accounted for under ASC 310-30.

	Three Months Ended September 30, 2013
	(Dollars in thousands)
Beginning balance	$	108,251
Acquisitions	5,696
Accretion	(3,738		)
Reclassifications to (from) accretable yield	87
Disposals and other	(3,491		)
End balance	$	106,805

The following table provides information related to the unpaid principal balance and carrying amounts of ASC 310-30 loans.

	September 30, 2013		June 30, 2013
	(Dollars in thousands)
Unpaid principal balance	$	210,188	$	202,722
Carrying amount	$	174,866	$	165,657

Earnings Per Share (EPS)

3 Months Ended

Sep. 30, 2013

Earnings Per Share (EPS)

Earnings Per Share (EPS)

5. Earnings Per Share (EPS)

EPS is computed by dividing net income allocated to common shareholders by the weighted average common shares outstanding. The following table shows the weighted average number of shares outstanding for the periods indicated. Shares issuable relative to stock options granted have been reflected as an increase in the shares outstanding used to calculate diluted EPS, after applying the treasury stock method. The number of shares outstanding for basic and diluted EPS is presented as follows:

	Three Months Ended September 30,
	2013		2012
	(Dollars in thousands, except share and per share data)
Net income	$	320	$	1,034
Preferred stock dividends and accretion	—		(98		)
Net income available to common shareholders	$	320	$	936

Weighted average shares used in calculation of basic EPS	10,440,513		10,383,441
Incremental shares from assumed exercise of dilutive securities	—		—
Weighted average shares used in calculation of diluted EPS	10,440,513		10,383,441

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

	Three Months Ended September 30,
	2013	2012
Stock options	1,166,804	788,549
Warrants	—	67,958
	1,166,804	856,507

Fair Value Measurements

3 Months Ended

Sep. 30, 2013

Fair Value Measurements

Fair Value Measurements

6. Fair Value Measurements

Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction (that is, not a forced liquidation or distressed sale) between market participants at the measurement date under current market conditions. The Company uses prices and inputs that are current as of the measurement date, including during periods of market dislocation. In periods of market dislocation, the observability of prices and inputs may be reduced for many instruments. This condition could cause an instrument to be reclassified from one level to another. When market assumptions are not readily available, the Company’s own assumptions are set to reflect those that market participants would use in pricing the asset or liability at the measurement date. If there has been a significant decrease in the volume and level of activity for the asset or liability, regardless of the valuation technique(s) used, the objective of a fair value measurement remains the same.

ASC 820 defines fair value and establishes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 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.

Transfers - There were no transfers of assets and liabilities measured at fair value on a recurring or nonrecurring basis during the current period.

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

Available-for-sale securities - Where quoted prices are available in an active market, securities are classified within Level 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.

Real Estate Owned and Other Repossessed collateral - The fair values of real estate owned and other repossessed collateral are estimated based upon appraised values less estimated costs to sell. Certain inputs used in appraisals are not always observable, and therefore may be categorized as Level 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 90 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, wholesale repurchase agreements and other borrowings is estimated by discounting the cash flows through maturity based on current rates available to the Company for borrowings with similar maturities.

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

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

	September 30, 2013
	Total		Level 1		Level 2		Level 3
	(Dollars in thousands)
Assets
Securities available-for-sale:
U.S. Government agency securities	$	45,223	$	—	$	45,223	$	—
Agency mortgage-backed securities	72,984		—		72,984		—
Other assets - interest rate caps	—		—		—		—
Other assets - interest rate swaps	28		—		28		—
Liabilities
Other liabilities - interest rate swaps	$	397	$	—	$	397	$	—

	June 30, 2013
	Total		Level 1		Level 2		Level 3
	(Dollars in thousands)
Assets
Securities available-for-sale:
U.S. Government agency securities	$	45,333	$	—	$	45,333	$	—
Agency mortgage-backed securities	76,264		—		76,264		—
Other assets - interest rate caps	—		—		—		—
Liabilities
Other liabilities - interest rate swap	$	389	$	—	$	389	$	—

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

	September 30, 2013
	Total		Level 1		Level 2		Level 3
	(Dollars in thousands)
Collateral dependent impaired loans	$	351	$	—	$	—	$	351
Real estate owned and other repossessed collateral	3,413		—		—		3,413

	June 30, 2013
	Total		Level 1		Level 2		Level 3
	(Dollars in thousands)
Collateral dependent impaired loans	$	894	$	—	$	—	$	894
Real estate owned and other repossessed collateral	2,134		—		—		2,134

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

	Carrying		Fair Value Measurements at September 30, 2013
	Amount		Total		Level 1		Level 2		Level 3
	(Dollars in thousands)
Financial assets:
Cash and cash equivalents	$	77,351	$	77,351	$	77,351	$	—	$	—
Available-for-sale securities	118,207		118,207		—		118,207		—
Regulatory stock	5,721		5,721		—		5,721		—
Loans held for sale	5,418		5,423		—		5,423		—
Loans, net	482,262		495,522		—		—		495,522
Accrued interest receivable	1,255		1,255		—		1,255		—
Interest rate caps	—		—		—		—		—
Interest rate swaps	28		28		—		28		—

Financial liabilities:
Deposits	532,098		496,432		—		496,432		—
FHLB advances	42,985		44,333		—		44,333		—
Wholesale repurchase agreements	15,343		15,969		—		15,969		—
Short-term borrowings	1,970		1,970		—		1,970		—
Capital lease obligation	1,695		1,865		—		1,865		—
Subordinated debentures	8,310		7,453		—		—		7,453
Interest rate swaps	397		397		—		397		—

	Carrying		Fair Value Measurements at June 30, 2013
	Amount		Total		Level 1		Level 2		Level 3
	(Dollars in thousands)
Financial assets:
Cash and cash equivalents	$	65,934	$	65,934	$	65,934	$	—	$	—
Available-for-sale securities	121,597		121,597		—		121,597		—
Regulatory stock	5,721		5,721		—		5,721		—
Loans held for sale	8,594		8,602		—		8,602		—
Loans, net	434,233		444,988		—		—		444,988
Accrued interest receivable	1,396		1,396		—		1,396		—
Interest rate caps	—		—		—		—		—

Financial liabilities:
Deposits	484,623		449,857		—		449,857		—
FHLB advances	28,040		29,404		—		29,404		—
Wholesale repurchase agreements	25,397		26,092		—		26,092		—
Short-term borrowings	625		625		—		625		—
Capital lease obligation	1,739		1,926		—		1,926		—
Subordinated debentures	8,268		7,594		—		—		7,594
Interest rate swaps	389		389		—		389		—

- 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

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-Name Accounting Standards Codification
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Reference 9: http://www.xbrl.org/2003/role/presentationRef
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+ Details

Derivatives and Hedging Activities

3 Months Ended

Sep. 30, 2013

Derivatives and Hedging Activities

Derivatives and Hedging Activities

7. Derivatives and Hedging Activities

The Company has stand alone derivative financial instruments in the form of interest rate caps that derive their value from a fee paid and are adjusted to fair value based on index and strike rate, and swap agreements that derive their value from the underlying interest rate. These transactions involve both credit and market risk. The notional amounts are amounts on which calculations, payments and the value of the derivative are based. Notional amounts do not represent direct credit exposures. Direct credit exposure arises in the event of nonperformance by the counterparties to these agreements, and is limited to the net difference between the calculated amounts to be received and paid, if any. Such differences, which represent the fair value of the derivative instruments, are reflected on the Company’s balance sheet as derivative assets and derivative liabilities. The Company controls the credit risk of its financial contracts through credit approvals, limits and monitoring procedures, and does not expect any counterparties to fail to meet their obligations.

The Company currently holds 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 September 30, 2013, the Company had posted cash collateral totaling $800 thousand with dealer banks related to derivative instruments in a net liability position.

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

Risk Management Policies — Derivative Instruments

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

Interest Rate Risk Management — Cash Flow Hedging Instruments

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

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

September 30, 2013
Notional Amount		Inception Date	Termination Date	Index	Receive Rate		Pay Rate		Strike Rate		Unrealized Gain (Loss)			Fair Value			Balance Sheet Location
(Dollars in thousands)
Interest rate swaps:
$	10,000	February 2010	February 2015	3 Mo. LIBOR	2.16	%	4.69	%	n/a		$	(200	)	$	(340	)	Other Liabilities
5,000		July 2013	July 2033	3 Mo. LIBOR	0.27	%	3.38	%	n/a		28			28			Other Assets
5,000		July 2013	July 2028	3 Mo. LIBOR	0.27	%	3.23	%	n/a		(15		)	(15		)	Other Liabilities
5,000		July 2013	July 2023	3 Mo. LIBOR	0.27	%	2.77	%	n/a		(42		)	(42		)	Other Liabilities
Interest rate caps:
6,000		September 2009	September 2014	3 Mo. LIBOR	n/a		n/a		2.51	%	(34		)	—			Other Liabilities
$	31,000										$	(263	)	$	(369	)

June 30, 2013
Notional Amount		Inception Date	Termination Date	Index	Receive Rate		Pay Rate		Strike Rate		Unrealized Gain (Loss)			Fair Value			Balance Sheet Location
(Dollars in thousands)
Interest rate swaps:
$	10,000	February 2010	February 2015	3 Mo. LIBOR	2.16	%	4.69	%	n/a		$	(223	)	$	(389	)	Other Liabilities
Interest rate caps:
6,000		September 2009	September 2014	3 Mo. LIBOR	n/a		n/a		2.51	%	(40		)	—			Other Liabilities
$	16,000										$	(263	)	$	(389	)

During the three months ended September 30, 2013 and 2012, 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 variable rate debt are reported in other comprehensive income. These amounts subsequently are reclassified into interest expense as a yield adjustment in the same period in which the related interest on the debt affects earnings. Risk management results for the three months ended September 30, 2013 and 2012 related to the balance sheet hedging of variable rate debt indicates that the hedges were effective.

During the periods presented, amounts recognized in income related hedge ineffectiveness resulted from amortization of the non-zero fair value associated with the Company’s single interest rate swap held at the time of the merger with FHB Formation, LLC in December 2010. During the periods presented, amounts recognized in income related to amounts excluded from effectiveness testing resulted from amortization of the acquisition price of interest rate caps. The table below presents amounts recognized in income related to both hedge ineffectiveness and amounts excluded from effectiveness testing.

	Three Months Ended September 30,
	2013			2012
	(Dollars in thousands)
Interest income (expense):
Interest rate caps	$	(6	)	$	(7	)
Interest rate swap	25			25
Total	$	19		$	18

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 $34 thousand related to its purchased interest rate caps in the next twelve months.

- 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.

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-Subparagraph (SX 210.4-08.(n))
-URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e23780-122690

Reference 21: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 133
-Paragraph 45
-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 22: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 133
-Paragraph 44
-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

Other Comprehensive Income

3 Months Ended

Sep. 30, 2013

Other Comprehensive Income

Other Comprehensive Income

8. Other Comprehensive Income

The components of other comprehensive income (loss) follow.

	Three Months Ended September 30,
	2013									2012
	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	$	517		$	176		$	341		$	157		$	53		$	104
Reclassification adjustment for net gains included in net income	—			—			—			(792		)	(269		)	(523		)
Total available-for-sale securities	517			176			341			(635		)	(216		)	(419		)
Change in accumulated gain or loss on effective cash flow hedges	19			6			13			6			2			4
Reclassification adjustment for net gains included in net income	(19		)	(6		)	(13		)	(18		)	(6		)	(12		)
Total derivatives and hedging activities	—			—			—			(12		)	(4		)	(8		)
Total other comprehensive income (loss)	$	517		$	176		$	341		$	(647	)	$	(220	)	$	(427	)

Accumulated other comprehensive loss is comprised of the following.

	September 30, 2013			June 30, 2013
	(Dollars in thousands)
Unrealized loss on available-for-sale securities	$	(2,120	)	$	(2,636	)
Tax effect	721			896
Net-of-tax amount	(1,399		)	(1,740		)
Unrealized loss on cash flow hedges	(263		)	(263		)
Tax effect	89			89
Net-of-tax amount	(174		)	(174		)
Accumulated other comprehensive loss	$	(1,573	)	$	(1,914	)

- Definition

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

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 15
-URI http://asc.fasb.org/extlink&oid=20435746&loc=d3e689-108580

Reference 2: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 1A
-URI http://asc.fasb.org/extlink&oid=20435746&loc=SL7669619-108580

Reference 3: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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-SubTopic 10
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-URI http://asc.fasb.org/extlink&oid=20435746&loc=d3e716-108580

Reference 4: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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Reference 7: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.3-04)
-URI http://asc.fasb.org/extlink&oid=6959260&loc=d3e187085-122770

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

Reference 9: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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-URI http://asc.fasb.org/extlink&oid=20435746&loc=d3e681-108580

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-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

Commitments and Contingencies

3 Months Ended

Sep. 30, 2013

Commitments and Contingencies

Commitments and Contingencies

9. 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:

	September 30, 2013		June 30, 2013
	(Dollars in thousands)
Commitments to originate loans:
Residential real estate mortgages	$	15,791	$	12,445
Construction loans	—		—
Consumer	—		—
Commercial real estate mortgages	8,521		—
Commercial business loans	438		904
	$	24,750	$	13,349
Unused lines of credit	$	31,580	$	30,809
Standby letters of credit	417		420
Unadvanced portions of construction loans	—		—

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.

- 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
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6449706&loc=d3e16207-108621

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 460
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=6398077&loc=d3e12565-110249

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 450
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-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=6952336&loc=d3e14435-108349

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.25)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 440
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6394976&loc=d3e25287-109308

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name FASB Interpretation (FIN)
-Number 14
-Paragraph 3
-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 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)

3 Months Ended

Sep. 30, 2013

Securities Available-for-Sale

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

	September 30, 2013				June 30, 2013
	Amortized		Fair		Amortized		Fair
	Cost		Value		Cost		Value
	(Dollars in thousands)
U.S. Government agency securities	$	45,181	$	45,223	$	45,289	$	45,333
Agency mortgage-backed securities	75,146		72,984		78,944		76,264
	$	120,327	$	118,207	$	124,233	$	121,597

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

	September 30, 2013					June 30, 2013
	Gross		Gross			Gross		Gross
	Unrealized		Unrealized			Unrealized		Unrealized
	Gains		Losses			Gains		Losses
	(Dollars in thousands)
U.S. Government agency securities	$	42	$	—		$	44	$	—
Agency mortgage-backed securities	—		(2,162		)	—		(2,680		)
	$	42	$	(2,162	)	$	44	$	(2,680	)

Realized Gains and Losses on Available-for-Sale Securities

	Three Months Ended September 30,
	2013		2012
	(Dollars in thousands)
Gross realized gains	$	—	$	831
Gross realized losses	—		(39		)
Net security gains	$	—	$	792

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

	September 30, 2013
	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	$	—	$	—		$	—	$	—		$	—	$	—
Agency mortgage-backed securities	69,719		(2,155		)	3,265		(7		)	72,984		(2,162		)
	$	69,719	$	(2,155	)	$	3,265	$	(7	)	$	72,984	$	(2,162	)

	June 30, 2013
	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	$	—	$	—		$	—	$	—	$	—	$	—
Agency mortgage-backed securities	76,264		(2,680		)	—		—		76,264		(2,680		)
	$	76,264	$	(2,680	)	$	—	$	—	$	76,264	$	(2,680	)

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	$	42,176	$	42,217
Due after one year through five years	3,004		3,005
Due after five years through ten years	39,441		38,715
Due after ten years	35,706		34,270
	$	120,327	$	118,207

- 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

Reference 1: 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 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 320
-SubTopic 10
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=6872113&loc=d3e27337-111563

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 320
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6872113&loc=d3e27198-111563

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 320
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6957658&loc=d3e62586-112803

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 320
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-URI http://asc.fasb.org/extlink&oid=6872113&loc=d3e27161-111563

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 320
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-URI http://asc.fasb.org/extlink&oid=6872113&loc=d3e27357-111563

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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-SubTopic 10
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-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=6872113&loc=d3e27290-111563

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 115
-Paragraph 19, 20, 21
-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
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-Name FASB Staff Position (FSP)
-Number FAS115-1/124-1
-Paragraph 17
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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 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Emerging Issues Task Force (EITF)
-Number 03-1
-Paragraph 21
-Subparagraph a, b
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

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

3 Months Ended

Sep. 30, 2013

Loans, Allowance for Loan Losses and Credit Quality

Composition of Company Loan Portfolio

	September 30, 2013						June 30, 2013
	Originated		Purchased		Total		Originated		Purchased		Total
	(Dollars in thousands)
Residential real estate	$	110,720	$	2,645	$	113,365	$	89,734	$	2,706	$	92,440
Home equity	33,255		—		33,255		35,389		—		35,389
Commercial real estate	109,326		174,746		284,072		100,402		164,046		264,448
Construction	42		—		42		42		—		42
Commercial business	40,220		21		40,241		29,686		34		29,720
Consumer	12,511		—		12,511		13,337		—		13,337
Total loans	$	306,074	$	177,412	$	483,486	$	268,590	$	166,786	$	435,376

Allowance for Loan Losses by Portfolio Segment

	Three Months Ended September 30, 2013
	Residential			Commercial			Commercial
	Real Estate			Real Estate			Business			Consumer			Purchased		Unallocated		Total
	(Dollars in thousands)
Beginning balance	$	594		$	173		$	70		$	189		$	76	$	41	$	1,143
Provision	115			(10		)	(26		)	(53		)	25		26		77
Recoveries	6			—			6			18			—		—		30
Charge-offs	(20		)	—			—			(6		)	—		—		(26		)
Ending balance	$	695		$	163		$	50		$	148		$	101	$	67	$	1,224

	Three Months Ended September 30, 2012
	Residential			Commercial			Commercial
	Real Estate			Real Estate			Business			Consumer			Purchased		Unallocated		Total
	(Dollars in thousands)
Beginning balance	$	214		$	93		$	292		$	225		$	—	$	—	$	824
Provision	213			(22		)	(36		)	73			—		—		228
Recoveries	1			—			—			3			—		—		4
Charge-offs	(127		)	—			(203		)	(58		)	—		—		(388		)
Ending balance	$	301		$	71		$	53		$	243		$	—	$	—	668

Allowance for Loan Losses by Portfolio Segment and Impairment Methodology

	September 30, 2013
	Residential		Commercial		Commercial
	Real Estate		Real Estate		Business		Consumer		Purchased		Unallocated		Total
	(Dollars in thousands)
Allowance for loan losses:
Individually evaluated	$	190	$	81	$	44	$	11	$	65	$	—	$	391
Collectively evaluated	505		82		6		137		—		67		797
ASC 310-30	—		—		—		—		36		—		36
Total	$	695	$	163	$	50	$	148	$	101	$	67	$	1,224

Loans:
Individually evaluated	$	2,281	$	1,561	$	123	$	201	$	2,544	$	—	$	6,710
Collectively evaluated	141,694		107,807		40,097		12,310		—		—		301,908
ASC 310-30	—		—		—		—		174,868		—		174,868
Total	$	143,975	$	109,368	$	40,220	$	12,511	$	177,412	$	—	$	483,486

	June 30, 2013
	Residential		Commercial		Commercial
	Real Estate		Real Estate		Business		Consumer		Purchased		Unallocated		Total
	(Dollars in thousands)
Allowance for loan losses:
Individually evaluated	$	235	$	85	$	63	$	23	$	65	$	—	$	471
Collectively evaluated	359		88		7		166		—		41		661
ASC 310-30	—		—		—		—		11		—		11
Total	$	594	$	173	$	70	$	189	$	76	$	41	$	1,143

Loans:
Individually evaluated	$	2,626	$	1,558	$	110	$	149	$	1,129	$	—	$	5,572
Collectively evaluated	122,497		98,886		29,576		13,188		—		—		264,147
ASC 310-30	—		—		—		—		165,657		—		165,657
Total	$	125,123	$	100,444	$	29,686	$	13,337	$	166,786	$	—	$	435,376

Impaired Loans

	At September 30, 2013						At June 30, 2013
			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	$	964	$	1,025	$	—	$	1,158	$	1,225	$	—
Consumer	80		85		—		88		93		—
Commercial real estate	443		476		—		434		479		—
Commercial business	79		133		—		47		101		—
Purchased:
Commercial real estate	2,345		3,697		—		928		1,279		—
Total	3,911		5,416		—		2,655		3,177		—

Impaired loans with a valuation allowance:
Originated:
Residential real estate	1,317		1,287		190		1,468		1,420		235
Consumer	121		121		11		61		61		23
Commercial real estate	1,118		1,126		81		1,124		1,131		85
Commercial business	44		79		44		63		98		63
Purchased:
Commercial real estate	199		275		65		201		276		65
Total	2,799		2,888		391		2,917		2,986		471
Total impaired loans	$	6,710	$	8,304	$	391	$	5,572	$	6,163	$	471

	Three Months Ended September 30,
	2013				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	$	1,061	$	6	$	552	$	5
Consumer	84		1		22		1
Commercial real estate	439		7		1,366		20
Commercial business	63		3		270		3
Purchased:
Commercial real estate	1,637		7		528		—
Total	3,284		24		2,738		29

Impaired loans with a valuation allowance:
Originated:
Residential real estate	1,393		18		420		9
Consumer	91		1		37		1
Commercial real estate	1,121		26		550		6
Commercial business	54		—		398		—
Purchased:
Commercial real estate	200		2		—		—
Total	2,859		47		1,405		16
Total impaired loans	$	6,143	$	71	$	4,143	$	45

Schedule of the Company's Loans by Risk Rating

	September 30, 2013
	Originated Portfolio
	Commercial				Commercial
	Real Estate		Construction		Business		Purchased Portfolio		Total
	(Dollars in thousands)
Loans rated 1- 6	$	104,656	$	42	$	39,894	$	173,513	$	318,105
Loans rated 7	3,651		—		44		1,478		5,173
Loans rated 8	1,019		—		282		2,421		3,722
Loans rated 9	—		—		—		—		—
Loans rated 10	—		—		—		—		—
	$	109,326	$	42	$	40,220	$	177,412	$	327,000

	June 30, 2013
	Originated Portfolio
	Commercial				Commercial
	Real Estate		Construction		Business		Purchased Portfolio		Total
	(Dollars in thousands)
Loans rated 1- 6	$	95,834	$	42	$	29,340	$	161,965	$	287,181
Loans rated 7	3,537		—		82		3,226		6,845
Loans rated 8	1,031		—		264		1,595		2,890
Loans rated 9	—		—		—		—		—
Loans rated 10	—		—		—		—		—
	$	100,402	$	42	$	29,686	$	166,786	$	296,916

Past Due and Non-Accrual Loans

	September 30, 2013
					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	$	193	$	379	$	—	$	1,686	$	2,258	$	108,462	$	110,720	$	1,945
Home equity	57		97		—		215		369		32,886		33,255		229
Commercial real estate	56		—		—		98		154		109,172		109,326		471
Construction	—		—		—		—		—		42		42		—
Commercial business	—		—		—		44		44		40,176		40,220		62
Consumer	204		126		—		158		488		12,023		12,511		259
Total originated portfolio	510		602		—		2,201		3,313		302,761		306,074		2,966

Purchased portfolio:
Residential real estate	—		—		—		—		—		2,645		2,645		—
Commercial business	—		—		—		—		—		21		21		—
Commercial real estate	741		363		—		2,238		3,342		171,404		174,746		2,553
Total purchased portfolio	741		363		—		2,238		3,342		174,070		177,412		2,553
Total loans	$	1,251	$	965	$	—	$	4,439	$	6,655	$	476,831	$	483,486	$	5,519

	June 30, 2013
					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	$	278	$	408	$	—	$	1,965	$	2,651	$	87,083	$	89,734	$	2,346
Home equity	53		47		—		253		353		35,036		35,389		334
Commercial real estate	91		326		—		98		515		99,887		100,402		473
Construction	—		—		—		—		—		42		42		—
Commercial business	—		—		—		44		44		29,642		29,686		110
Consumer	193		77		—		117		387		12,950		13,337		136
Total originated portfolio	615		858		—		2,477		3,950		264,640		268,590		3,399

Purchased portfolio:
Residential real estate	—		—		—		—		—		2,706		2,706		—
Commercial business	—		—		—		—		—		34		34		—
Commercial real estate	—		2,210		—		1,135		3,345		160,701		164,046		1,457
Total purchased portfolio	—		2,210		—		1,135		3,345		163,441		166,786		1,457
Total loans	$	615	$	3,068	$	—	$	3,612	$	7,295	$	428,081	$	435,376	$	4,856

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

	Three Months Ended September 30,
	2013			2012
	Number of	Recorded		Number of	Recorded
	Contracts	Investment		Contracts	Investment
	(Dollars in thousands)
Extended maturity	1	$	14	—	$	—
Adjusted interest rate	1	82		—	—
Rate and maturity	—	—		1	222
Principal deferment	2	341		—	—
	4	$	437	1	$	222

Loans modified in a TDR and the change in the recorded investment subsequent to the modifications

	Three Months Ended September 30,
	2013					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	—	$	—	$	—	1	$	222	$	222
Home equity	1	14		14		—	—		—
Commercial real estate	1	323		323		—	—		—
Commercial business	1	18		18		—	—		—
Consumer	1	82		82		—	—		—
Total originated portfolio	4	437		437		1	222		222

Purchased portfolio:
Residential real estate	—	—		—		—	—		—
Commercial real estate	—	—		—		—	—		—
Total purchased portfolio	—	—		—		—	—		—
Total	4	$	437	$	437	1	$	222	$	222

Summary of loans acquired by the Company accounted for under ASC 310-30

	Three Months Ended September 30, 2013
	(Dollars in thousands)
Contractually required payments receivable	$	22,217
Nonaccretable difference	(173		)
Cash flows expected to be collected	22,044
Accretable yield	(5,696		)
Fair value of loans acquired	$	16,348

Summary of the activity in the accretable yield for loans accounted for under ASC 310-30

	Three Months Ended September 30, 2013
	(Dollars in thousands)
Beginning balance	$	108,251
Acquisitions	5,696
Accretion	(3,738		)
Reclassifications to (from) accretable yield	87
Disposals and other	(3,491		)
End balance	$	106,805

	September 30, 2013		June 30, 2013
	(Dollars in thousands)
Unpaid principal balance	$	210,188	$	202,722
Carrying amount	$	174,866	$	165,657

Earnings Per Share (EPS) (Tables)

3 Months Ended

Sep. 30, 2013

Earnings Per Share (EPS)

Number of Shares Outstanding for Basic and Diluted EPS

	Three Months Ended September 30,
	2013		2012
	(Dollars in thousands, except share and per share data)
Net income	$	320	$	1,034
Preferred stock dividends and accretion	—		(98		)
Net income available to common shareholders	$	320	$	936

Weighted average shares used in calculation of basic EPS	10,440,513		10,383,441
Incremental shares from assumed exercise of dilutive securities	—		—
Weighted average shares used in calculation of diluted EPS	10,440,513		10,383,441

Average Anti-dilutive Options and Warrants

	Three Months Ended September 30,
	2013	2012
Stock options	1,166,804	788,549
Warrants	—	67,958
	1,166,804	856,507

Fair Value Measurements (Tables)

3 Months Ended

Sep. 30, 2013

Fair Value Measurements

Assets and Liabilities Measured at Fair Value on Recurring Basis

	September 30, 2013
	Total		Level 1		Level 2		Level 3
	(Dollars in thousands)
Assets
Securities available-for-sale:
U.S. Government agency securities	$	45,223	$	—	$	45,223	$	—
Agency mortgage-backed securities	72,984		—		72,984		—
Other assets - interest rate caps	—		—		—		—
Other assets - interest rate swaps	28		—		28		—
Liabilities
Other liabilities - interest rate swaps	$	397	$	—	$	397	$	—

	June 30, 2013
	Total		Level 1		Level 2		Level 3
	(Dollars in thousands)
Assets
Securities available-for-sale:
U.S. Government agency securities	$	45,333	$	—	$	45,333	$	—
Agency mortgage-backed securities	76,264		—		76,264		—
Other assets - interest rate caps	—		—		—		—
Liabilities
Other liabilities - interest rate swap	$	389	$	—	$	389	$	—

Assets Measured at Fair Value on Nonrecurring Basis

	September 30, 2013
	Total		Level 1		Level 2		Level 3
	(Dollars in thousands)
Collateral dependent impaired loans	$	351	$	—	$	—	$	351
Real estate owned and other repossessed collateral	3,413		—		—		3,413

	June 30, 2013
	Total		Level 1		Level 2		Level 3
	(Dollars in thousands)
Collateral dependent impaired loans	$	894	$	—	$	—	$	894
Real estate owned and other repossessed collateral	2,134		—		—		2,134

Estimated Fair Value of Company's Financial Instruments

	Carrying		Fair Value Measurements at September 30, 2013
	Amount		Total		Level 1		Level 2		Level 3
	(Dollars in thousands)
Financial assets:
Cash and cash equivalents	$	77,351	$	77,351	$	77,351	$	—	$	—
Available-for-sale securities	118,207		118,207		—		118,207		—
Regulatory stock	5,721		5,721		—		5,721		—
Loans held for sale	5,418		5,423		—		5,423		—
Loans, net	482,262		495,522		—		—		495,522
Accrued interest receivable	1,255		1,255		—		1,255		—
Interest rate caps	—		—		—		—		—
Interest rate swaps	28		28		—		28		—

Financial liabilities:
Deposits	532,098		496,432		—		496,432		—
FHLB advances	42,985		44,333		—		44,333		—
Wholesale repurchase agreements	15,343		15,969		—		15,969		—
Short-term borrowings	1,970		1,970		—		1,970		—
Capital lease obligation	1,695		1,865		—		1,865		—
Subordinated debentures	8,310		7,453		—		—		7,453
Interest rate swaps	397		397		—		397		—

	Carrying		Fair Value Measurements at June 30, 2013
	Amount		Total		Level 1		Level 2		Level 3
	(Dollars in thousands)
Financial assets:
Cash and cash equivalents	$	65,934	$	65,934	$	65,934	$	—	$	—
Available-for-sale securities	121,597		121,597		—		121,597		—
Regulatory stock	5,721		5,721		—		5,721		—
Loans held for sale	8,594		8,602		—		8,602		—
Loans, net	434,233		444,988		—		—		444,988
Accrued interest receivable	1,396		1,396		—		1,396		—
Interest rate caps	—		—		—		—		—

Financial liabilities:
Deposits	484,623		449,857		—		449,857		—
FHLB advances	28,040		29,404		—		29,404		—
Wholesale repurchase agreements	25,397		26,092		—		26,092		—
Short-term borrowings	625		625		—		625		—
Capital lease obligation	1,739		1,926		—		1,926		—
Subordinated debentures	8,268		7,594		—		—		7,594
Interest rate swaps	389		389		—		389		—

- Definition

Tabular disclosure of the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments, assets, and liabilities. Such certain disclosures about the financial instruments, assets, and liabilities include: (1) the fair value of the required items together with their carrying amounts (as appropriate) and (2) the methodology and assumptions used in developing such estimates of fair value.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=7491637&loc=d3e13476-108611

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-Name Statement of Financial Accounting Standard (FAS)
-Number 159
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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
-Name Statement of Financial Accounting Standard (FAS)
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-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

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

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

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
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-Paragraph 32
-Subparagraph a, c(1), c(2), c(3), d
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 107
-Paragraph 10
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Derivatives and Hedging Activities (Tables)

3 Months Ended

Sep. 30, 2013

Derivatives and Hedging Activities

Schedule of information pertaining to outstanding interest rate caps and swap agreements used to hedge variable rate debt

September 30, 2013
Notional Amount		Inception Date	Termination Date	Index	Receive Rate		Pay Rate		Strike Rate		Unrealized Gain (Loss)			Fair Value			Balance Sheet Location
(Dollars in thousands)
Interest rate swaps:
$	10,000	February 2010	February 2015	3 Mo. LIBOR	2.16	%	4.69	%	n/a		$	(200	)	$	(340	)	Other Liabilities
5,000		July 2013	July 2033	3 Mo. LIBOR	0.27	%	3.38	%	n/a		28			28			Other Assets
5,000		July 2013	July 2028	3 Mo. LIBOR	0.27	%	3.23	%	n/a		(15		)	(15		)	Other Liabilities
5,000		July 2013	July 2023	3 Mo. LIBOR	0.27	%	2.77	%	n/a		(42		)	(42		)	Other Liabilities
Interest rate caps:
6,000		September 2009	September 2014	3 Mo. LIBOR	n/a		n/a		2.51	%	(34		)	—			Other Liabilities
$	31,000										$	(263	)	$	(369	)

June 30, 2013
Notional Amount		Inception Date	Termination Date	Index	Receive Rate		Pay Rate		Strike Rate		Unrealized Gain (Loss)			Fair Value			Balance Sheet Location
(Dollars in thousands)
Interest rate swaps:
$	10,000	February 2010	February 2015	3 Mo. LIBOR	2.16	%	4.69	%	n/a		$	(223	)	$	(389	)	Other Liabilities
Interest rate caps:
6,000		September 2009	September 2014	3 Mo. LIBOR	n/a		n/a		2.51	%	(40		)	—			Other Liabilities
$	16,000										$	(263	)	$	(389	)

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

	Three Months Ended September 30,
	2013			2012
	(Dollars in thousands)
Interest income (expense):
Interest rate caps	$	(6	)	$	(7	)
Interest rate swap	25			25
Total	$	19		$	18

- 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
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+ Details

Other Comprehensive Income (Tables)

3 Months Ended

Sep. 30, 2013

Other Comprehensive Income

Schedule of components of other comprehensive income (loss)

	Three Months Ended September 30,
	2013									2012
	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	$	517		$	176		$	341		$	157		$	53		$	104
Reclassification adjustment for net gains included in net income	—			—			—			(792		)	(269		)	(523		)
Total available-for-sale securities	517			176			341			(635		)	(216		)	(419		)
Change in accumulated gain or loss on effective cash flow hedges	19			6			13			6			2			4
Reclassification adjustment for net gains included in net income	(19		)	(6		)	(13		)	(18		)	(6		)	(12		)
Total derivatives and hedging activities	—			—			—			(12		)	(4		)	(8		)
Total other comprehensive income (loss)	$	517		$	176		$	341		$	(647	)	$	(220	)	$	(427	)

Schedule of components of accumulated other comprehensive loss

	September 30, 2013			June 30, 2013
	(Dollars in thousands)
Unrealized loss on available-for-sale securities	$	(2,120	)	$	(2,636	)
Tax effect	721			896
Net-of-tax amount	(1,399		)	(1,740		)
Unrealized loss on cash flow hedges	(263		)	(263		)
Tax effect	89			89
Net-of-tax amount	(174		)	(174		)
Accumulated other comprehensive loss	$	(1,573	)	$	(1,914	)

Commitments and Contingencies (Tables)

3 Months Ended

Sep. 30, 2013

Commitments and Contingencies

Financial Instruments with Contract Amounts Represent Credit Risk

	September 30, 2013		June 30, 2013
	(Dollars in thousands)
Commitments to originate loans:
Residential real estate mortgages	$	15,791	$	12,445
Construction loans	—		—
Consumer	—		—
Commercial real estate mortgages	8,521		—
Commercial business loans	438		904
	$	24,750	$	13,349
Unused lines of credit	$	31,580	$	30,809
Standby letters of credit	417		420
Unadvanced portions of construction loans	—		—

Securities Available-for-Sale (Details) - USD ($) $ in Thousands	Sep. 30, 2013	Jun. 30, 2013
Schedule of Available-for-sale Securities
Total securities available for sale, Amortized Cost	$ 120,327	$ 124,233
Total securities available for sale, Fair Value	118,207	121,597
U.S. Government agency securities
Schedule of Available-for-sale Securities
Total securities available for sale, Amortized Cost	45,181	45,289
Total securities available for sale, Fair Value	45,223	45,333
Agency mortgage-backed securities
Schedule of Available-for-sale Securities
Total securities available for sale, Amortized Cost	75,146	78,944
Total securities available for sale, Fair Value	$ 72,984	$ 76,264

- 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	Sep. 30, 2013	Jun. 30, 2013
Schedule of Available-for-sale Securities
Gross Unrealized Gains	$ 42	$ 44
Gross Unrealized Losses	(2,162)	(2,680)
U.S. Government agency securities
Schedule of Available-for-sale Securities
Gross Unrealized Gains	42	44
Agency mortgage-backed securities
Schedule of Available-for-sale Securities
Gross Unrealized Losses	$ (2,162)	$ (2,680)

Securities Available-for-Sale (Details 3) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Sep. 30, 2012	Jun. 30, 2013
Securities Available-for-Sale
Gross realized gains	$ 831
Gross realized losses	(39)
Net security gains	$ 792	$ 792

Securities Available-for-Sale (Details 4) $ in Millions	Sep. 30, 2013 USD ($)
Securities Available-for-Sale
Investment securities at fair value pledged as collateral for borrowings	$ 42.9

Securities Available-for-Sale (Details 5) $ in Thousands	3 Months Ended
Securities Available-for-Sale (Details 5) $ in Thousands	Sep. 30, 2013 USD ($) item	Sep. 30, 2012 USD ($)	Jun. 30, 2013 USD ($)
Schedule of Available-for-sale Securities
Fair Value, Less than 12 Months	$ 69,719		$ 76,264
Unrealized Losses, Less than 12 Months	(2,155)		(2,680)
Fair Value, More than 12 Months	3,265
Unrealized Losses, More than 12 Months	(7)
Fair Value, Total Fair Value	72,984		76,264
Unrealized Losses, Total Unrealized Losses	(2,162)		(2,680)
Other-than-temporary impairment losses on securities	$ 0	$ 0
Number of securities in a continuous loss position for greater than twelve months \| item	1
Agency mortgage-backed securities
Schedule of Available-for-sale Securities
Fair Value, Less than 12 Months	$ 69,719		76,264
Unrealized Losses, Less than 12 Months	(2,155)		(2,680)
Fair Value, More than 12 Months	3,265
Unrealized Losses, More than 12 Months	(7)
Fair Value, Total Fair Value	72,984		76,264
Unrealized Losses, Total Unrealized Losses	$ (2,162)		$ (2,680)

Securities Available-for-Sale (Details 6) - USD ($) $ in Thousands	Sep. 30, 2013	Jun. 30, 2013
Securities Available-for-Sale
Due within one year, Amortized Cost	$ 42,176
Due after one year through five years, Amortized Cost	3,004
Due after five years through ten years, Amortized Cost	39,441
Due after ten years, Amortized Cost	35,706
Available-for-sale securities, Amortized Cost	120,327	$ 124,233
Due within one year, Fair Value	42,217
Due after one year through five years, Fair Value	3,005
Due after five years through ten years, Fair Value	38,715
Due after ten years, Fair Value	34,270
Available-for-sale securities, Fair Value	$ 118,207	$ 121,597

Loans, Allowance for Loan Losses and Credit Quality (Details) - USD ($) $ in Thousands	Sep. 30, 2013	Jun. 30, 2013
Accounts, Notes, Loans and Financing Receivable
Loans	$ 483,486	$ 435,376
Residential real estate
Accounts, Notes, Loans and Financing Receivable
Loans	113,365	92,440
Home equity
Accounts, Notes, Loans and Financing Receivable
Loans	33,255	35,389
Commercial real estate
Accounts, Notes, Loans and Financing Receivable
Loans	284,072	264,448
Construction
Accounts, Notes, Loans and Financing Receivable
Loans	42	42
Commercial business
Accounts, Notes, Loans and Financing Receivable
Loans	40,241	29,720
Consumer
Accounts, Notes, Loans and Financing Receivable
Loans	12,511	13,337
Originated
Accounts, Notes, Loans and Financing Receivable
Loans	306,074	268,590
Originated \| Residential real estate
Accounts, Notes, Loans and Financing Receivable
Loans	110,720	89,734
Originated \| Home equity
Accounts, Notes, Loans and Financing Receivable
Loans	33,255	35,389
Originated \| Commercial real estate
Accounts, Notes, Loans and Financing Receivable
Loans	109,326	100,402
Originated \| Construction
Accounts, Notes, Loans and Financing Receivable
Loans	42	42
Originated \| Commercial business
Accounts, Notes, Loans and Financing Receivable
Loans	40,220	29,686
Originated \| Consumer
Accounts, Notes, Loans and Financing Receivable
Loans	12,511	13,337
Purchased
Accounts, Notes, Loans and Financing Receivable
Loans	177,412	166,786
Purchased \| Residential real estate
Accounts, Notes, Loans and Financing Receivable
Loans	2,645	2,706
Purchased \| Commercial real estate
Accounts, Notes, Loans and Financing Receivable
Loans	174,746	164,046
Purchased \| Commercial business
Accounts, Notes, Loans and Financing Receivable
Loans	$ 21	$ 34

Loans, Allowance for Loan Losses and Credit Quality (Details 2) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2013	Sep. 30, 2012
Financing Receivable, Allowance for Credit Losses
Beginning balance	$ 1,143	$ 824
Provision	77	228
Recoveries	30	4
Charge-offs	(26)	(388)
Ending balance	1,224	668
Purchased
Financing Receivable, Allowance for Credit Losses
Beginning balance	76
Provision	25
Ending balance	101
Residential Real Estate
Financing Receivable, Allowance for Credit Losses
Beginning balance	594	214
Provision	115	213
Recoveries	6	1
Charge-offs	(20)	(127)
Ending balance	695	301
Commercial Real Estate
Financing Receivable, Allowance for Credit Losses
Beginning balance	173	93
Provision	(10)	(22)
Ending balance	163	71
Commercial Business
Financing Receivable, Allowance for Credit Losses
Beginning balance	70	292
Provision	(26)	(36)
Recoveries	6
Charge-offs		(203)
Ending balance	50	53
Consumer
Financing Receivable, Allowance for Credit Losses
Beginning balance	189	225
Provision	(53)	73
Recoveries	18	3
Charge-offs	(6)	(58)
Ending balance	148	$ 243
Unallocated
Financing Receivable, Allowance for Credit Losses
Beginning balance	41
Provision	26
Ending balance	$ 67

Loans, Allowance for Loan Losses and Credit Quality (Details 3) - USD ($) $ in Thousands	Sep. 30, 2013	Jun. 30, 2013	Sep. 30, 2012	Jun. 30, 2012
Allowance for loan losses:
Individually evaluated	$ 391	$ 471
Collectively evaluated	797	661
ASC 310-30	36	11
Total	1,224	1,143	$ 668	$ 824
Loans:
Individually evaluated	6,710	5,572
Collectively evaluated	301,908	264,147
ASC 310-30	174,868	165,657
Total Loans	483,486	435,376
Purchased
Allowance for loan losses:
Individually evaluated	65	65
ASC 310-30	36	11
Total	101	76
Loans:
Individually evaluated	2,544	1,129
ASC 310-30	174,868	165,657
Total Loans	177,412	166,786
Residential Real Estate
Allowance for loan losses:
Individually evaluated	190	235
Collectively evaluated	505	359
Total	695	594	301	214
Loans:
Individually evaluated	2,281	2,626
Collectively evaluated	141,694	122,497
Total Loans	143,975	125,123
Commercial Real Estate
Allowance for loan losses:
Individually evaluated	81	85
Collectively evaluated	82	88
Total	163	173	71	93
Loans:
Individually evaluated	1,561	1,558
Collectively evaluated	107,807	98,886
Total Loans	109,368	100,444
Commercial Business
Allowance for loan losses:
Individually evaluated	44	63
Collectively evaluated	6	7
Total	50	70	53	292
Loans:
Individually evaluated	123	110
Collectively evaluated	40,097	29,576
Total Loans	40,220	29,686
Consumer
Allowance for loan losses:
Individually evaluated	11	23
Collectively evaluated	137	166
Total	148	189	$ 243	$ 225
Loans:
Individually evaluated	201	149
Collectively evaluated	12,310	13,188
Total Loans	12,511	13,337
Unallocated
Allowance for loan losses:
Collectively evaluated	67	41
Total	$ 67	$ 41

Loans, Allowance for Loan Losses and Credit Quality (Details 4) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Jun. 30, 2013
Financing Receivable, Impaired
Recorded Investment, without a valuation allowance	$ 3,911		$ 2,655
Unpaid Principal Balance, without a valuation allowance	5,416		3,177
Average Recorded Investment, without a valuation allowance	3,284	$ 2,738
Interest Income Recognized, without a valuation allowance	24	29
Recorded Investment, with a valuation allowance	2,799		2,917
Unpaid Principal Balance, with a valuation allowance	2,888		2,986
Related Allowance	391		471
Average Recorded Investment, with a valuation allowance	2,859	1,405
Interest Income Recognized, with a valuation allowance	47	16
Recorded Investment	6,710		5,572
Unpaid Principal Balance	8,304		6,163
Average Recorded Investment	6,143	4,143
Interest Income Recognized	71	45
Originated \| Residential real estate
Financing Receivable, Impaired
Recorded Investment, without a valuation allowance	964		1,158
Unpaid Principal Balance, without a valuation allowance	1,025		1,225
Average Recorded Investment, without a valuation allowance	1,061	552
Interest Income Recognized, without a valuation allowance	6	5
Recorded Investment, with a valuation allowance	1,317		1,468
Unpaid Principal Balance, with a valuation allowance	1,287		1,420
Related Allowance	190		235
Average Recorded Investment, with a valuation allowance	1,393	420
Interest Income Recognized, with a valuation allowance	18	9
Originated \| Consumer
Financing Receivable, Impaired
Recorded Investment, without a valuation allowance	80		88
Unpaid Principal Balance, without a valuation allowance	85		93
Average Recorded Investment, without a valuation allowance	84	22
Interest Income Recognized, without a valuation allowance	1	1
Recorded Investment, with a valuation allowance	121		61
Unpaid Principal Balance, with a valuation allowance	121		61
Related Allowance	11		23
Average Recorded Investment, with a valuation allowance	91	37
Interest Income Recognized, with a valuation allowance	1	1
Originated \| Commercial real estate
Financing Receivable, Impaired
Recorded Investment, without a valuation allowance	443		434
Unpaid Principal Balance, without a valuation allowance	476		479
Average Recorded Investment, without a valuation allowance	439	1,366
Interest Income Recognized, without a valuation allowance	7	20
Recorded Investment, with a valuation allowance	1,118		1,124
Unpaid Principal Balance, with a valuation allowance	1,126		1,131
Related Allowance	81		85
Average Recorded Investment, with a valuation allowance	1,121	550
Interest Income Recognized, with a valuation allowance	26	6
Originated \| Commercial business
Financing Receivable, Impaired
Recorded Investment, without a valuation allowance	79		47
Unpaid Principal Balance, without a valuation allowance	133		101
Average Recorded Investment, without a valuation allowance	63	270
Interest Income Recognized, without a valuation allowance	3	3
Recorded Investment, with a valuation allowance	44		63
Unpaid Principal Balance, with a valuation allowance	79		98
Related Allowance	44		63
Average Recorded Investment, with a valuation allowance	54	398
Purchased \| Commercial real estate
Financing Receivable, Impaired
Recorded Investment, without a valuation allowance	2,345		928
Unpaid Principal Balance, without a valuation allowance	3,697		1,279
Average Recorded Investment, without a valuation allowance	1,637	$ 528
Interest Income Recognized, without a valuation allowance	7
Recorded Investment, with a valuation allowance	199		201
Unpaid Principal Balance, with a valuation allowance	275		276
Related Allowance	65		$ 65
Average Recorded Investment, with a valuation allowance	200
Interest Income Recognized, with a valuation allowance	$ 2

Loans, Allowance for Loan Losses and Credit Quality (Details 5) - USD ($) $ in Thousands	Sep. 30, 2013	Jun. 30, 2013
Financing Receivable, Recorded Investment
Loan by risk rating	$ 327,000	$ 296,916
Loans rated 1- 6
Financing Receivable, Recorded Investment
Loan by risk rating	318,105	287,101
Loans rated 7
Financing Receivable, Recorded Investment
Loan by risk rating	5,173	6,845
Loans rated 8
Financing Receivable, Recorded Investment
Loan by risk rating	3,722	2,890
Originated \| Commercial Real Estate
Financing Receivable, Recorded Investment
Loan by risk rating	109,326	100,402
Originated \| Construction
Financing Receivable, Recorded Investment
Loan by risk rating	42	42
Originated \| Commercial Business
Financing Receivable, Recorded Investment
Loan by risk rating	40,220	29,686
Originated \| Loans rated 1- 6 \| Commercial Real Estate
Financing Receivable, Recorded Investment
Loan by risk rating	104,656	95,834
Originated \| Loans rated 1- 6 \| Construction
Financing Receivable, Recorded Investment
Loan by risk rating	42	42
Originated \| Loans rated 1- 6 \| Commercial Business
Financing Receivable, Recorded Investment
Loan by risk rating	39,894	29,340
Originated \| Loans rated 7 \| Commercial Real Estate
Financing Receivable, Recorded Investment
Loan by risk rating	3,651	3,537
Originated \| Loans rated 7 \| Commercial Business
Financing Receivable, Recorded Investment
Loan by risk rating	44	82
Originated \| Loans rated 8 \| Commercial Real Estate
Financing Receivable, Recorded Investment
Loan by risk rating	1,019	1,031
Originated \| Loans rated 8 \| Commercial Business
Financing Receivable, Recorded Investment
Loan by risk rating	282	264
Purchased
Financing Receivable, Recorded Investment
Loan by risk rating	177,412	166,786
Purchased \| Loans rated 1- 6
Financing Receivable, Recorded Investment
Loan by risk rating	173,513	161,965
Purchased \| Loans rated 7
Financing Receivable, Recorded Investment
Loan by risk rating	1,478	3,226
Purchased \| Loans rated 8
Financing Receivable, Recorded Investment
Loan by risk rating	$ 2,421	$ 1,595

Loans, Allowance for Loan Losses and Credit Quality (Details 6) - USD ($) $ in Thousands	Sep. 30, 2013	Jun. 30, 2013
Accounts, Notes, Loans and Financing Receivable
30-59 Days	$ 1,251	$ 615
60-89 Days	965	3,068
Past Due 90 Days or More-Nonaccrual	4,439	3,612
Total Past Due	6,655	7,295
Total Current	476,831	428,081
Total Loans	483,486	435,376
Non-Accrual Loans	5,519	4,856
Residential real estate
Accounts, Notes, Loans and Financing Receivable
Total Loans	113,365	92,440
Home equity
Accounts, Notes, Loans and Financing Receivable
Total Loans	33,255	35,389
Commercial real estate
Accounts, Notes, Loans and Financing Receivable
Total Loans	284,072	264,448
Construction
Accounts, Notes, Loans and Financing Receivable
Total Loans	42	42
Commercial business
Accounts, Notes, Loans and Financing Receivable
Total Loans	40,241	29,720
Consumer
Accounts, Notes, Loans and Financing Receivable
Total Loans	12,511	13,337
Originated
Accounts, Notes, Loans and Financing Receivable
30-59 Days	510	615
60-89 Days	602	858
Past Due 90 Days or More-Nonaccrual	2,201	2,477
Total Past Due	3,313	3,950
Total Current	302,761	264,640
Total Loans	306,074	268,590
Non-Accrual Loans	2,966	3,399
Originated \| Residential real estate
Accounts, Notes, Loans and Financing Receivable
30-59 Days	193	278
60-89 Days	379	408
Past Due 90 Days or More-Nonaccrual	1,686	1,965
Total Past Due	2,258	2,651
Total Current	108,462	87,083
Total Loans	110,720	89,734
Non-Accrual Loans	1,945	2,346
Originated \| Home equity
Accounts, Notes, Loans and Financing Receivable
30-59 Days	57	53
60-89 Days	97	47
Past Due 90 Days or More-Nonaccrual	215	253
Total Past Due	369	353
Total Current	32,886	35,036
Total Loans	33,255	35,389
Non-Accrual Loans	229	334
Originated \| Commercial real estate
Accounts, Notes, Loans and Financing Receivable
30-59 Days	56	91
60-89 Days		326
Past Due 90 Days or More-Nonaccrual	98	98
Total Past Due	154	515
Total Current	109,172	99,887
Total Loans	109,326	100,402
Non-Accrual Loans	471	473
Originated \| Construction
Accounts, Notes, Loans and Financing Receivable
Total Current	42	42
Total Loans	42	42
Originated \| Commercial business
Accounts, Notes, Loans and Financing Receivable
Past Due 90 Days or More-Nonaccrual	44	44
Total Past Due	44	44
Total Current	40,176	29,642
Total Loans	40,220	29,686
Non-Accrual Loans	62	110
Originated \| Consumer
Accounts, Notes, Loans and Financing Receivable
30-59 Days	204	193
60-89 Days	126	77
Past Due 90 Days or More-Nonaccrual	158	117
Total Past Due	488	387
Total Current	12,023	12,950
Total Loans	12,511	13,337
Non-Accrual Loans	259	136
Purchased
Accounts, Notes, Loans and Financing Receivable
30-59 Days	741
60-89 Days	363	2,210
Past Due 90 Days or More-Nonaccrual	2,238	1,135
Total Past Due	3,342	3,345
Total Current	174,070	163,441
Total Loans	177,412	166,786
Non-Accrual Loans	2,553	1,457
Purchased \| Residential real estate
Accounts, Notes, Loans and Financing Receivable
Total Loans	2,645	2,706
Purchased \| Commercial real estate
Accounts, Notes, Loans and Financing Receivable
30-59 Days	741
60-89 Days	363	2,210
Past Due 90 Days or More-Nonaccrual	2,238	1,135
Total Past Due	3,342	3,345
Total Current	171,404	160,701
Total Loans	174,746	164,046
Non-Accrual Loans	2,553	1,457
Purchased \| Commercial business
Accounts, Notes, Loans and Financing Receivable
Total Current	21	34
Total Loans	21	34
Purchased \| Residential real estate
Accounts, Notes, Loans and Financing Receivable
Total Current	2,645	2,706
Total Loans	$ 2,645	$ 2,706

Loans, Allowance for Loan Losses and Credit Quality (Details 7) $ in Thousands	3 Months Ended
	Sep. 30, 2013 USD ($) contract	Sep. 30, 2012 USD ($) contract
Financing Receivable, Modifications
Number of Contracts \| contract	4	1
Recorded Investment \| $	$ 437	$ 222
Extended maturity
Financing Receivable, Modifications
Number of Contracts \| contract	1
Recorded Investment \| $	$ 14
Adjusted interest rate
Financing Receivable, Modifications
Number of Contracts \| contract	1
Recorded Investment \| $	$ 82
Rate and maturity
Financing Receivable, Modifications
Number of Contracts \| contract		1
Recorded Investment \| $		$ 222
Principal deferment
Financing Receivable, Modifications
Number of Contracts \| contract	2
Recorded Investment \| $	$ 341

Loans, Allowance for Loan Losses and Credit Quality (Details 8) $ in Thousands	3 Months Ended
	Sep. 30, 2013 USD ($) contract item	Sep. 30, 2012 USD ($) contract
Financing Receivable, Modifications
Number of Contracts \| contract	4	1
Recorded Investment Pre-Modification	$ 437	$ 222
Recorded Investment Post-Modification	$ 437	$ 222
Number of loans modified by TDR subsequently defaulted \| item	1
Recorded investment of loans modified by TDR subsequently defaulted	$ 69
Originated
Financing Receivable, Modifications
Number of Contracts \| contract	4	1
Recorded Investment Pre-Modification	$ 437	$ 222
Recorded Investment Post-Modification	$ 437	$ 222
Originated \| Residential real estate
Financing Receivable, Modifications
Number of Contracts \| contract		1
Recorded Investment Pre-Modification		$ 222
Recorded Investment Post-Modification		$ 222
Originated \| Home equity
Financing Receivable, Modifications
Number of Contracts \| contract	1
Recorded Investment Pre-Modification	$ 14
Recorded Investment Post-Modification	$ 14
Originated \| Commercial real estate
Financing Receivable, Modifications
Number of Contracts \| contract	1
Recorded Investment Pre-Modification	$ 323
Recorded Investment Post-Modification	$ 323
Originated \| Commercial business
Financing Receivable, Modifications
Number of Contracts \| contract	1
Recorded Investment Pre-Modification	$ 18
Recorded Investment Post-Modification	$ 18
Originated \| Consumer
Financing Receivable, Modifications
Number of Contracts \| contract	1
Recorded Investment Pre-Modification	$ 82
Recorded Investment Post-Modification	$ 82

Loans, Allowance for Loan Losses and Credit Quality (Details 9) - USD ($)	3 Months Ended
	Sep. 30, 2013	Jun. 30, 2013
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period
Contractually required payments receivable	$ 22,217,000
Nonaccretable difference	(173,000)
Cash flows expected to be collected	22,044,000
Accretable yield	(5,696,000)
Fair value of loans acquired	16,348,000
Beginning balance	108,251,000
Acquisitions	5,696,000
Accretion	(3,738,000)
Reclassifications to (from) accretable yield	87,000
Disposals and other	(3,491,000)
End balance	106,805,000
Unpaid principal balance	210,188,000	$ 202,722,000
Carrying amount	$ 174,866,000	$ 165,657,000

Earnings Per Share (EPS) (Details) - USD ($) $ in Thousands	3 Months Ended
Earnings Per Share (EPS) (Details) - USD ($) $ in Thousands	Sep. 30, 2013	Sep. 30, 2012
Earnings Per Share (EPS)
Net income	$ 320	$ 1,034
Preferred stock dividends and accretion		(98)
Net income available to common shareholders	$ 320	$ 936
Weighted average shares used in calculation of basic EPS	10,440,513	10,383,441
Weighted average shares used in calculation of diluted EPS	10,440,513	10,383,441

- Definition

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

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Net Income
-URI http://asc.fasb.org/extlink&oid=6518256

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 28
-URI http://asc.fasb.org/extlink&oid=6943989&loc=d3e3602-108585

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 225
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04.19)
-URI http://asc.fasb.org/extlink&oid=6879464&loc=d3e573970-122913

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

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 225
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03.18)
-URI http://asc.fasb.org/extlink&oid=6880815&loc=d3e20235-122688

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 225
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04.22)
-URI http://asc.fasb.org/extlink&oid=6879464&loc=d3e573970-122913

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Other Comprehensive Income
-URI http://asc.fasb.org/extlink&oid=6519514

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=20435746&loc=d3e565-108580

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 51
-Paragraph 38
-Subparagraph d
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 130
-Paragraph 10, 15
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 51
-Paragraph A7
-Appendix A

Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Emerging Issues Task Force (EITF)
-Number 87-21
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 13: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 03
-Paragraph 19
-Article 5

Reference 14: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 51
-Paragraph 38
-Subparagraph a
-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
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 95
-Paragraph 28, 29, 30
-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 16: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 04
-Paragraph 20
-Article 9

+ Details

- Definition

Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period.

+ References

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

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1448-109256

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Weighted-Average Number of Common Shares Outstanding
-URI http://asc.fasb.org/extlink&oid=6528421

Reference 4: 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 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 128
-Paragraph 8
-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 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.

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 128
-Paragraph 40
-Subparagraph a
-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) (Details 2) - shares	3 Months Ended
Earnings Per Share (EPS) (Details 2) - shares	Sep. 30, 2013	Sep. 30, 2012
Earnings Per Share
Anti-dilutive securities	1,166,804	856,507
Stock options
Earnings Per Share
Anti-dilutive securities	1,166,804	788,549
Warrants
Earnings Per Share
Anti-dilutive securities		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	Sep. 30, 2013	Jun. 30, 2013
Fair Value Measurements
Transfers of assets and liabilities measured at fair value on a recurring or nonrecurring basis	$ 0
Fair Value Assets And Liabilities Measured On Recurring Basis
Available-for-sale securities	118,207	$ 121,597
U.S. Government agency securities
Fair Value Assets And Liabilities Measured On Recurring Basis
Available-for-sale securities	45,223	45,333
Agency mortgage-backed securities
Fair Value Assets And Liabilities Measured On Recurring Basis
Available-for-sale securities	72,984	76,264
Level 2
Fair Value Assets And Liabilities Measured On Recurring Basis
Available-for-sale securities	118,207	121,597
Other assets	28
Level 2 \| Interest rate swap
Fair Value Assets And Liabilities Measured On Recurring Basis
Other liabilities - interest rate swap	397	389
Recurring \| Interest rate swap
Fair Value Assets And Liabilities Measured On Recurring Basis
Other assets	28
Other liabilities - interest rate swap	397	389
Recurring \| U.S. Government agency securities
Fair Value Assets And Liabilities Measured On Recurring Basis
Available-for-sale securities	45,223	45,333
Recurring \| Agency mortgage-backed securities
Fair Value Assets And Liabilities Measured On Recurring Basis
Available-for-sale securities	72,984	76,264
Recurring \| Level 2 \| Interest rate swap
Fair Value Assets And Liabilities Measured On Recurring Basis
Other assets	28
Other liabilities - interest rate swap	397	389
Recurring \| Level 2 \| U.S. Government agency securities
Fair Value Assets And Liabilities Measured On Recurring Basis
Available-for-sale securities	45,223	45,333
Recurring \| Level 2 \| Agency mortgage-backed securities
Fair Value Assets And Liabilities Measured On Recurring Basis
Available-for-sale securities	$ 72,984	$ 76,264

Fair Value Measurements (Details 2) - USD ($) $ in Thousands	Sep. 30, 2013	Jun. 30, 2013
Fair Value Assets And Liabilities Measured On Nonrecurring Basis
Collateral dependent impaired loans	$ 6,710	$ 5,572
Real estate owned and other repossessed collateral	3,413	2,134
Nonrecurring
Fair Value Assets And Liabilities Measured On Nonrecurring Basis
Collateral dependent impaired loans	351	894
Real estate owned and other repossessed collateral	3,413	2,134
Nonrecurring \| Level 3
Fair Value Assets And Liabilities Measured On Nonrecurring Basis
Collateral dependent impaired loans	351	894
Real estate owned and other repossessed collateral	$ 3,413	$ 2,134

Fair Value Measurements (Details 3) - USD ($) $ in Thousands	Sep. 30, 2013	Jun. 30, 2013
Financial assets:
Available-for-sale securities	$ 118,207	$ 121,597
Regulatory stock	5,721	5,721
Financial liabilities:
Capital lease obligation	1,695	1,739
Total Fair Value Measurement
Financial assets:
Cash and cash equivalents	77,351	65,934
Available-for-sale securities	118,207	121,597
Regulatory stock	5,721	5,721
Loans held for sale	5,423	8,602
Loans, net	495,522	444,988
Accrued interest receivable	1,255	1,396
Interest rate swaps	28
Financial liabilities:
Deposits	496,432	449,857
FHLB advances	44,333	29,404
Wholesale repurchase agreements	15,969	26,092
Short-term borrowings	1,970	625
Capital lease obligation	1,865	1,926
Subordinated debentures	7,453	7,594
Total Fair Value Measurement \| Interest Rate Swap
Financial liabilities:
Interest rate swaps	397	389
Level 1
Financial assets:
Cash and cash equivalents	77,351	65,934
Level 2
Financial assets:
Available-for-sale securities	118,207	121,597
Regulatory stock	5,721	5,721
Loans held for sale	5,423	8,602
Accrued interest receivable	1,255	1,396
Interest rate swaps	28
Financial liabilities:
Deposits	496,432	449,857
FHLB advances	44,333	29,404
Wholesale repurchase agreements	15,969	26,092
Short-term borrowings	1,970	625
Capital lease obligation	1,865	1,926
Level 2 \| Interest Rate Swap
Financial liabilities:
Interest rate swaps	397	389
Level 3
Financial assets:
Loans, net	495,522	444,988
Financial liabilities:
Subordinated debentures	7,453	7,594
Carrying Amount
Financial assets:
Cash and cash equivalents	77,351	65,934
Available-for-sale securities	118,207	121,597
Regulatory stock	5,721	5,721
Loans held for sale	5,418	8,594
Loans, net	482,262	434,233
Accrued interest receivable	1,255	1,396
Interest rate swaps	28
Financial liabilities:
Deposits	532,098	484,623
FHLB advances	42,985	28,040
Wholesale repurchase agreements	15,343	25,397
Short-term borrowings	1,970	625
Capital lease obligation	1,695	1,739
Subordinated debentures	8,310	8,268
Carrying Amount \| Interest Rate Swap
Financial liabilities:
Interest rate swaps	$ 397	$ 389

Derivatives and Hedging Activities (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Sep. 30, 2013	Jun. 30, 2013
Derivatives and Hedging Activities
Cash collateral balance	$ 800
Derivatives and Hedging Activities
Notional amount	31,000	$ 16,000
Unrealized Gain (Loss)	(263)	(263)
Fair Value	(369)	(389)
Interest rate swaps terminating in February 2015 \| Other liabilities
Derivatives and Hedging Activities
Notional amount	$ 10,000	$ 10,000
Index	3 Mo.LIBOR	3 Mo.LIBOR
Receive Rate (as a percent)	2.16%	2.16%
Pay Rate (as a percent)	4.69%	4.69%
Unrealized Gain (Loss)	$ (200)	$ (223)
Fair Value of liabilities	(340)	(389)
Interest rate swaps terminating in July 2033 \| Other assets
Derivatives and Hedging Activities
Notional amount	$ 5,000
Index	3 Mo.LIBOR
Receive Rate (as a percent)	0.27%
Pay Rate (as a percent)	3.38%
Unrealized Gain (Loss)	$ 28
Fair Value of assets	28
Interest rate swaps terminating in July 2028 \| Other liabilities
Derivatives and Hedging Activities
Notional amount	$ 5,000
Index	3 Mo.LIBOR
Receive Rate (as a percent)	0.27%
Pay Rate (as a percent)	3.23%
Unrealized Gain (Loss)	$ (15)
Fair Value of liabilities	(15)
Interest rate swaps terminating in July 2023 \| Other liabilities
Derivatives and Hedging Activities
Notional amount	$ 5,000
Index	3 Mo.LIBOR
Receive Rate (as a percent)	0.27%
Pay Rate (as a percent)	2.77%
Unrealized Gain (Loss)	$ (42)
Fair Value of liabilities	(42)
Interest rate caps terminating in September 2014 \| Other liabilities
Derivatives and Hedging Activities
Notional amount	$ 6,000	$ 6,000
Index	3 Mo.LIBOR	3 Mo.LIBOR
Strike Rate (as a percent)	2.51%	2.51%
Unrealized Gain (Loss)	$ (34)	$ (40)

Derivatives and Hedging Activities (Details 2) $ in Thousands	3 Months Ended
	Sep. 30, 2013 USD ($) item	Sep. 30, 2012 USD ($) item
Derivatives and Hedging Activities
Interest income (expense) on hedge ineffectiveness and excluded from effectiveness testing	$ 19	$ 18
Interest rate caps
Derivatives and Hedging Activities
Number of derivative agreements terminated prior to maturity \| item	0	0
Interest income (expense) on hedge ineffectiveness and excluded from effectiveness testing	$ (6)	$ (7)
Interest Income (Expense) on hedge ineffectiveness related to next twelve months	$ 34
Interest rate swap
Derivatives and Hedging Activities
Number of derivative agreements terminated prior to maturity \| item	0	0
Interest income (expense) on hedge ineffectiveness and excluded from effectiveness testing	$ 25	$ 25
Interest Income (Expense) on hedge ineffectiveness related to next twelve months	$ 100

Other Comprehensive Income (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2013	Sep. 30, 2012
Other Comprehensive Income
Change in net unrealized gain or loss on available-for-sale securities	$ 517	$ 157
Reclassification adjustment for net gains included in net income		(792)
Total available-for-sale securities	517	(635)
Change in accumulated gain or loss on effective cash flow hedges	19	6
Reclassification adjustments for net gains included in net income	(19)	(18)
Total derivatives and hedging activities		(12)
Total other comprehensive income (loss)	517	(647)
Change in net unrealized gain or loss on available-for-sale securities	176	53
Reclassification adjustment for net gains included in net income		(269)
Total available-for-sale securities	176	(216)
Change in accumulated gain or loss on effective cash flow hedges	6	2
Reclassification adjustment for net gains included in net income	(6)	(6)
Total derivatives and hedging activities		(4)
Total other comprehensive income (loss)	176	(220)
Change in net unrealized gain or loss on available-for-sale securities	341	104
Reclassification adjustment for net gains included in net income		(523)
Total available-for-sale securities	341	(419)
Change in accumulated gain or loss on effective cash flow hedges	13	4
Reclassification adjustment for net gains included in net income	(13)	(12)
Total derivatives and hedging activities		(8)
Total other comprehensive income (loss)	$ 341	$ (427)

Other Comprehensive Income (Details 2) - USD ($) $ in Thousands	Sep. 30, 2013	Jun. 30, 2013
Accumulated other comprehensive loss components
Net-of tax amount	$ (1,573)	$ (1,914)
Unrealized loss on available-for-sale securities
Accumulated other comprehensive loss components
Before tax	(2,120)	(2,636)
Tax effect	721	896
Net-of tax amount	(1,399)	(1,740)
Unrealized loss on cash flow hedges
Accumulated other comprehensive loss components
Before tax	(263)	(263)
Tax effect	89	89
Net-of tax amount	$ (174)	$ (174)

- Definition

Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at period end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=20435746&loc=d3e637-108580

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 14
-URI http://asc.fasb.org/extlink&oid=20435746&loc=d3e681-108580

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 14A
-URI http://asc.fasb.org/extlink&oid=20435746&loc=SL7669686-108580

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 02
-Paragraph 31
-Article 5

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name FASB Staff Position (FSP)
-Number FAS115-1/124-1
-Paragraph 15D
-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 AICPA
-Name Accounting Principles Board Opinion (APB)
-Number 12
-Paragraph 10
-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 Statement of Financial Accounting Standard (FAS)
-Number 130
-Paragraph 14, 17, 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.

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 04
-Article 3

+ Details

Commitments and Contingencies (Details) - USD ($) $ in Thousands	Sep. 30, 2013	Jun. 30, 2013
Residential real estate mortgages
Commitments
Financial instruments which represent credit risk	$ 15,791	$ 12,445
Commercial real estate mortgages
Commitments
Financial instruments which represent credit risk	8,521
Commercial business loans
Commitments
Financial instruments which represent credit risk	438	904
Commitments to originate loans
Commitments
Financial instruments which represent credit risk	24,750	13,349
Unused lines of credit
Commitments
Financial instruments which represent credit risk	31,580	30,809
Standby letters of credit
Commitments
Financial instruments which represent credit risk	$ 417	$ 420