STOCK BASED COMPENSATION PLANS (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]

The following table summarizes the stock options activity from June 30, 2012 through March 31, 2014:

		Number of		Weighted Average		Weighted Average	Aggregate
		Shares		Exercise Price		Remaining Life	Intrinsic Value
Oustanding at	June 30, 2012		242,000	$	14.55	7.46 years	$	2,050,000
Granted			-		-	-		-
Exercised			(5,000)		10.30	-		-
Forfeited			-		-
Exchanged			(15,000)		9.52	-		-
Oustanding at	June 30, 2013		222,000	$	14.98	6.89 years	$	1,353,000
Exercisable at	June 30, 2013		105,000	$	13.01	5.69 years	$	838,000
Vested and Expected to vest at	June 30, 2013		222,000	$	14.98	6.89 years	$	1,353,000
Oustanding at	June 30, 2013		222,000	$	14.98	6.89 years	$	1,353,000
Granted			160,000		18.96	9.75 years		-
Exercised			-		-	-		-
Forfeited			-		-	-		-
Exchanged			-		-	-		-
Oustanding at	March 31, 2014		382,000	$	16.65	7.65 years	$	915,000
Exercisable at	March 31, 2014		107,000	$	11.37	4.63 years	$	753,000
Vested and Expected to vest at	March 31, 2014		382,000	$	16.65	7.65 years	$	915,000

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, 2012		8,245	$	24.94
Granted			8,195		20.99
Converted to common stock			(8,245)		24.94
RSUs outstanding as of	June 30, 2013		8,195		20.99
Granted			-		-
Converted to common stock			(4,100)		20.99
RSUs outstanding as of	March 31, 2014		4,095	$	20.99