INCOME TAXES (Tables)

12 Months Ended

Jun. 30, 2014

INCOME TAXES [Abstract]

Schedule of Provision for Income Taxes

	2014		2013		2012
	(Dollars in Thousands)
Currently payable:
Federal	$	332	$	284	$	575
State		70		6		76
		402		290		651
Deferred		71		252		251
Total	$	473	$	542	$	902

Schedule of Income Tax Amounts Recorded to Stockholders' Equity

	2014			2013			2012
	(Dollars in Thousands)
Net unrealized gain on securities available for sale	$	(27	)	$	(47	)	$	4
Net non-credit losses on securities with OTTI		(139	)		(285	)		(232	)
	$	(166	)	$	(332	)	$	(228	)

Schedule of Deferred Tax Assets and Liabilities

	2014		2013
	(Dollars in Thousands)
Deferred tax assets:
Allowance for loan losses	$	83	$	108
Deferred compensation		89		87
Reserve for uncollected interest		12		62
Reserve for off-balance sheet commitments		16		17
OTTI other impairment		284		423
OTTI credit impairment		103		115
Other		103		82
Total gross deferred tax assets		690		894
Deferred tax liabilities:
Net unrealized gain on securities available for sale		67		41
Deferred origination fees, net		81		81
Depreciation reserve		28		23
Other		2		1
Total gross deferred tax liabilities		178		146
Net deferred tax assets	$	512	$	748

Schedule of Reconciliation of Income Taxes

	2014						2013						2012
	Amount			% of Pretax Income			Amount			% of Pretax Income			Amount			% of Pretax Income
	(Dollars in Thousands)
Provision at statutory rate	$	474			34.0	%	$	551			34.0	%	$	783			34.0	%
State income tax, net of federal tax benefit		46			3.3			4			0.2			50			2.2
Tax exempt income		(2	)		(0.1	)		(2	)		(0.1	)		(31	)		(1.3	)
Other, net		(45	)		(3.3	)		(11	)		(0.7	)		100			4.3
Actual tax expense and effective rate	$	473			34.0	%	$	542			33.4	%	$	902			39.1	%