STOCK BASED COMPENSATION PLANS (Tables)

9 Months Ended

Mar. 31, 2013

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

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

The following table summarizes the stock options activity from June 30, 2011 through March 31, 2013:

		Number of		Weighted Average		Weighted Average		Aggregate
		Shares		Exercise Price		Remaining Life		Intrinsic Value
Oustanding at	June 30, 2011		162,000	$	11.02		6.48 years	$	2,252,000
Granted			95,000		20.04
Exercised			-		-
Forfeited			-		-
Exchanged			(15,000)		13.72
Oustanding at	June 30, 2012		242,000	$	14.55		7.46 years	$	2,050,000
Exercisable at	June 30, 2012		87,000	$	11.48		4.92 years	$	1,046,000
Vested and Expected to vest at	June 30, 2012		242,000	$	14.55		7.46 years	$	2,050,000
Oustanding at	June 30, 2012		242,000	$	14.55		7.46 years	$	2,050,000
Granted			-		-
Exercised			-		-
Forfeited			-		-
Exchanged			-		-
Oustanding at	March 31, 2013		242,000	$	14.55		6.71	$	2,252,000
Exercisable at	March 31, 2013		125,000	$	12.48		5.3	$	1,418,000
Vested and Expected to vest at	March 31, 2013		242,000	$	14.55		6.71	$	2,252,000

Schedule of Share-based Compensation, Restricted Stock Units Award Activity [Table Text Block]

The table below summarizes the restricted stock units (RSUs) granted and outstanding.

				Weighted Average
				Grant Date
		Number of RSUs		Fair Value
RSUs outstanding as of	June 30, 2011		20,884	$	16.14
Granted			8,245		24.94
Converted to common stock			(20,884)		16.14
RSUs outstanding as of	June 30, 2012		8,245		24.94
Granted			-		-
Converted to common stock			(4,125)		24.94
RSUs outstanding as of	March 31, 2013		4,120	$	24.94