Stock Based Compensation (Tables)

6 Months Ended

Dec. 31, 2016

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

Schedule of Fair Value Assumptions

The table below outlines the weighted average assumptions that the Company used to calculate the fair value of the option award for the six months ended December 31, 2016 and 2015, respectively.

	December 31, 2016		December 31, 2015
Dividend yield		3.85%		3.72%
Expected stock price volatility		29.70%		28.06%
Risk-free interest rate		1.84%		1.60%
Expected option life (in years)		4.6 yrs		4.1 yrs
Weighted average fair value per share	$	4.640	$	4.431
of options granted during the period

Schedule of Stock Option Activity

The following table summarizes stock option activity during the six months ended December 31, 2016:

	Employee Stock Options Plan
						Weighted
	Number of			Weighted		Average
	Shares			Average		Remaining		Aggregate
	Subject			Exercise		Contractual		Intrinsic
	To Options			Price		Term		Value
Balance at July 1, 2016		170,450		$	23.84		5.73
Granted		41,150		$	26.25		9.93
Exercised		(7,500	)	$	18.17		—
Forfeited or expired		(1,000	)	$	26.09		—
Outstanding at December 31, 2016		203,100		$	24.53		6.32	$	353,212
Vested or expected to vest at December 31, 2016		190,360		$	24.42		6.13	$	352,610
Exercisable at December 31, 2016		117,150		$	23.31		4.25	$	353,212

Schedule of Changes in Non-Vested Stock Options

The following table summarizes changes in non-vested stock options during the three months ended December 31, 2016:

	Weighted Number			Average Grant
	of Shares			Date Fair
	Subject to Option			Value (per Option)
Non-vested at July 1, 2016		45,800		$	4.564
Granted		41,150		$	4.640
Vested		—			—
Forfeited or expired		(1,000	)	$	4.710
Non-vested at December 31, 2016		85,950		$	4.599