STOCK BASED COMPENSATION PLANS (Tables)

12 Months Ended

Jun. 30, 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 June 30, 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	1.86 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
Exercised		(15,000)		11.75
Forfeited		-		-
Exchanged		-		-
Oustanding at	June 30, 2014	367,000	$	16.85	7.71 years	$	953,000
Exercisable at	June 30, 2014	92,000	$	11.30	5.10 years	$	717,000
Vested and Expected to vest at	June 30, 2014	367,000	$	16.85	7.71 years	$	953,000

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

The table below summarizes the 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		(8,195)		20.99
RSUs outstanding as of	June 30, 2014	-	$	-