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Summary of Significant Accounting Policies (Tables)

12 Months Ended

Jun. 30, 2017

Summary of Significant Accounting Policies [Abstract]

Schedule of retirement and employee benefit plans

		For the fiscal year ended June 30,
		2017				2016
Allocated shares			86,880				125,411
Shares committed to be released			9,338				9,338
Unearned shares			84,961				103,636
Total ESOP shares			181,179				238,385
Fair value of unearned shares at
End of period (dollars in thousands)		$	802			$	850

Schedule of earnings per share

(in thousands)		2017				2016
Net income allocated to common shareholders, basic and diluted		$	935			$	1,501

		2017				2016
Basic
Weighted-average common shares outstanding			8,345,422				8,324,195
Diluted
Weighted-average common shares outstanding (diluted)			8,345,422				8,324,195

Schedule of fair value measurements of assets and liabilities measured at fair value on a recurring basis

		Fair Value Measurements Using
						Quotes Prices in Active Markets for Identical Assets				Significant Other Observable Inputs				Significant Unobservable Inputs
(in thousands)		Fair Value				(Level 1)				(Level 2)				(Level 3)
2017
Agency mortgage-backed: residential		$	71			$	--			$	71			$	--
2016
Agency mortgage-backed: residential		$	81			$	--			$	81			$	--
FHLMC stock			53				--				53				--
		$	134			$	--			$	134			$	--

Schedule of fair value measurements of assets and liabilities measured at fair value on a nonrecurring basis

		Fair Value Measurements Using
						Quotes Prices in Active Markets for Identical Assets				Significant Other Observable Inputs				Significant Unobservable Inputs
(in thousands)		Fair Value				(Level 1)				(Level 2)				(Level 3)
2017
Other real estate owned, net
One to four family		$	103				-				-			$	103
Land			79				-				-				79
2016
Other real estate owned, net
One to four family		$	274				-				-			$	274
Land			9				-				-				79

Schedule of level 3 fair value measurements for financial instruments measured at fair value on a non-recurring basis

										Range
		Fair Value				Valuation		Unobservable		(Weighted
June 30, 2017		(in thousands)				Technique(s)		Input(s)		Average)
Foreclosed and repossessed assets:
1-4 family		$	103			Sales comparison approach		Adjustments for differences between comparable sales		-3.6% to 45.8% (-9.5%)
Land			79			Sales comparison approach		Adjustments for differences between comparable sales		3.5% to 6.6% (5.0%)

										Range
		Fair Value				Valuation		Unobservable		(Weighted
June 30, 2016		(in thousands)				Technique(s)		Input(s)		Average)
Foreclosed and repossessed assets:
1-4 family		$	274			Sales comparison approach		Adjustments for differences between comparable sales		-24.0% to 15.2% (-5.1%)
Land			79			Sales comparison approach		Adjustments for differences between comparable sales		3.5% to 6.6% (5.0%)

Schedule of carrying value and fair value of the Company's financial instruments

						Fair Value Measurements at
(in thousands)		Carrying				June 30, 2017 Using
		Value				Level 1				Level 2				Level 3				Total
Financial assets
Cash and cash equivalents		$	12,804			$	12,804										$	12,804
Term deposits in other financial institutions			4,201				4,201											4,201
Available-for-sale securities			71							$	71							71
Held-to-maturity securities			1,487								1,523							1,523
Loans receivable - net			258,244											$	269,606			269,606
Federal Home Loan Bank stock			6,482															n/a
Accrued interest receivable			679								4				675			679
Financial liabilities
Deposits		$	182,845			$	78,561			$	103,786						$	182,347
Federal Home Loan Bank advances			55,780								55,881							55,881
Advances by borrowers for taxes and insurance			818								818							818
Accrued interest payable			21								21							21

						Fair Value Measurements at
(in thousands)		Carrying				June 30, 2017 Using
		Value				Level 1				Level 2				Level 3				Total
Financial assets
Cash and cash equivalents		$	13,108			$	13,108										$	13,108
Term deposits in other financial institutions			3,711				3,711											3,711
Available-for-sale securities			134							$	134							134
Held-to-maturity securities			4,079								4,151							4,151
Loans receivable - net			238,468											$	242,456			242,456
Federal Home Loan Bank stock			6,482															n/a
Accrued interest receivable			710								21				689			710
Financial liabilities
Deposits		$	188,572			$	81,814			$	106,820						$	188,634
Federal Home Loan Bank advances			33,211								33,517							33,517
Advances by borrowers for taxes and insurance			741								741							741
Accrued interest payable			22								22							22

Schedule of loans outstanding to executive officers, directors, significant shareholders and their affiliates

(in thousands)		2017				2016
Outstanding principal, beginning of year		$	1,043			$	1,393
Changes in composition of related parties			--				(288	)
Principal disbursed during the year			--				--
Principal repaid and refinanced during the year			(60	)			(62	)
Outstanding principal, end of year		$	983			$	1,043

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Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances.

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