Stock Options and Restricted Stock (Tables)

9 Months Ended

Mar. 31, 2014

Disclosure Of Compensation Related Costs, Share-Based Payments [Abstract]

Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]

A summary of changes in stock options during the nine month period ended March 31, 2014 is as follows:

	2012 Plan				2006 Plan
			Weighted Average Exercise				Weighted Average Exercise
	Shares		Price		Shares		Price
Options outstanding at June 30, 2013		50,000	$	15.43		83,425	$	12.33
Granted		55,000	$	21.16		-	$	-
Exercised		(500)	$	15.43		(30,050)	$	(12.30)
Options outstanding at March 31, 2014		104,500	$	18.45		53,375	$	12.35

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]

The fair value per share of options granted in January 2014 was $1.88, as estimated on the date of grant using the Black-Scholes option pricing model with the following assumptions:

	January
	2014
	Grant
Expected dividend yield		3.87	%
Stock price volatility		19	%
Expected life (years)		5 years
Expected forfeiture rate		0	%
Risk-free interest rate		0.8	%

Schedule Of Share-Based Compensation, Other Than Stock Options, Activity [Table Text Block]

A summary of changes in restricted stock awards during the nine month period ended March 31, 2014 is as follows:

	2012 Plan				2006 Plan
			Weighted Average Grant Date				Weighted Average Grant Date
	Shares		Fair Value		Shares		Fair Value
Unvested restricted stock awards outstanding at June 30, 2013		5,200	$	14.49		91,100	$	12.52
Granted		33,100	$	18.67		-	$	-
Vested		(3,600)	$	14.33		(30,300)	$	12.61
Unvested restricted stock awards outstanding at March 31, 2014		34,700	$	18.50		60,800	$	12.47