INCOME TAXES (Tables)

12 Months Ended

Jun. 30, 2014

INCOME TAXES

Schedule of income tax expense

	June 30, 2014			June 30, 2013
Current federal expense	$	2,023		$	1,919
Current state expense		389			348
Deferred federal expense (benefit)		(305	)		140
Deferred state expense (benefit)		(57	)		25
Total	$	2,050		$	2,432

Schedule of temporary differences between tax and financial reporting that result in net deferred tax assets (liabilities)

	June 30, 2014			June 30, 2013
Deferred tax assets:
Deferred compensation	$	295		$	306
Charitable contribution		—			—
Allowance for loan losses		325			282
Securities available-for-sale		93			345
Other		337			(4	)
Total deferred tax assets		1,050			929
Deferred tax liabilities:
FHLB stock dividends		(82	)		(81	)
Deferred loan fees, net		(251	)		(265	)
Basis difference in premises and equipment		(67	)		(43	)
Total deferred tax liabilities		(400	)		(389	)
Net deferred tax asset	$	650		$	540

Schedule of reconciliation of the amount computed by applying the federal statutory rate to pretax income with income tax expense (benefit)

	June 30, 2014						June 30, 2013
	Amount			%			Amount			%
Tax at statutory federal income tax rate	$	1,937			34.00	%	$	2,200			34.00	%
Increase (decrease) resulting from:
State income tax expense		219			3.84			247			3.75
Life insurance benefits		(105	)		(1.84	)		(22	)		(0.34	)
Tax exempt interest income		(6	)		(0.11	)		—			—
Other—net		5			0.08			7			0.11
Total	$	2,050			35.97	%	$	2,432			37.52	%