STOCK-BASED COMPENSATION PLANS (Tables)

12 Months Ended

Jun. 30, 2016

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 June 30, 2016:

		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	June 30, 2016		350,000	$	16.70		5.95 years	$	3,082,000
Exercisable at	June 30, 2016		236,000	$	15.54		5.33 years	$	2,351,000
Vested and Expected to vest at	June 30, 2016		350,000	$	16.70		5.95 years	$	3,082,000