XML 46 R29.htm IDEA: XBRL DOCUMENT v3.10.0.1

Federal Income Taxes (Tables)

12 Months Ended

Jun. 30, 2018

Federal Income Taxes [Abstract]

Schedule of federal income taxes on earnings differs from that computed at the statutory corporate tax rate

	(in thousands)		2018				2017
	Federal income taxes at the statutory rate		$	354			$	492
	Increase (decrease) resulting primarily from:
	Cash surrender value of life insurance			(124	)			(32	)
	Deferred tax liability adjustment, net resulting from Tax Cuts and Jobs Act			(268	)			--
	Other			1				53
			$	(37	)		$	513

Schedule of the composition of the company's net deferred tax liability

	(in thousands)		2018				2017
	Taxes (payable) refundable on temporary differences at estimated corporate tax rate:
	Deferred tax assets:
	General loan loss allowance		$	331			$	521
	Deferred compensation and benefits			--				151
	Accrued expenses			95				6
	Fair value accounting adjustments on acquisition			214				376
	Nonaccrued interest on loans			92				162
	Other real estate owned adjustments			129				218
	Depreciation			43				30
	Total deferred tax assets			904				1,464
	Deferred tax liabilities:
	Federal Home Loan Bank stock dividends			(826	)			(1,337	)
	Deferred loan origination costs			(36	)			(50	)
	Loan servicing rights			(17	)			(29	)
	Fair value accounting adjustments on acquisition			(468	)			(767	)
	Total deferred tax liabilities			(1,347	)			(2,183	)
	Net deferred tax liability		$	(443	)		$	(719	)

X

- References

No definition available.

+ Details

Name:	us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32537-109319

+ Details

Name:	us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32687-109319

+ Details

Name:	us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration