STOCK BASED COMPENSATION PLANS (Tables)

6 Months Ended

Dec. 31, 2015

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 July 1, 2014 through December 31, 2015:

		Number of	Weighted Average		Weighted Average	Aggregate
		Shares	Exercise Price		Remaining Life	Intrinsic Value
Oustanding at	July 1, 2014	367,000	$	16.85	7.71 years	$	953,000
Granted		-		-
Exercised		(2,400)		18.00
Forfeited		(5,000)		24.92
Exchanged		(9,600)		18.00
Oustanding at	June 30, 2015	350,000	$	16.70	6.95 years	$	939,000
Exercisable at	June 30, 2015	126,639	$	12.06	6.46 years	$	939,000
Vested and Expected to vest at	June 30, 2015	350,000	$	16.70	6.95 years	$	939,000
Oustanding at	July 1, 2015	350,000	$	16.70	6.95 years	$	939,000
Granted		-		-
Exercised		-		-
Forfeited		-		-
Exchanged		-		-
Oustanding at	December 31, 2015	350,000	$	16.70	6.44 years	$	3,078,000
Exercisable at	December 31, 2015	218,000	$	15.19	5.80 years	$	2,246,000
Vested and Expected to vest at	December 31, 2015	350,000	$	16.70	6.44 years	$	3,078,000