CONSUMERS BANCORP INC /OH/, 10-Q filed on 5/8/2020
Quarterly Report
v3.20.1
Document And Entity Information - shares
 9 Months Ended
Mar. 31, 2020
May 04, 2020
Document Information [Line Items]    
Entity Registrant Name CONSUMERS BANCORP INC /OH/  
Entity Central Index Key 0001006830  
Current Fiscal Year End Date --06-30  
Entity Filer Category Non-accelerated Filer  
Entity Current Reporting Status Yes  
Entity Emerging Growth Company false  
Entity Small Business true  
Entity Interactive Data Current Yes  
Entity Common Stock, Shares Outstanding (in shares)   3,015,578
Entity Shell Company false  
Document Type 10-Q  
Document Period End Date Mar. 31, 2020  
Document Fiscal Year Focus 2020  
Document Fiscal Period Focus Q3  
Amendment Flag false  
v3.20.1
Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2020
Jun. 30, 2019
ASSETS    
Cash on hand and noninterest-bearing deposits in financial institutions $ 12,452 $ 9,322
Federal funds sold and interest-bearing deposits in financial institutions 92 139
Total cash and cash equivalents 12,544 9,461
Certificates of deposit in other financial institutions 11,908 1,983
Securities, available-for-sale 139,383 144,010
Securities, held-to-maturity (fair value of $3,792 at March 31, 2020 and $3,821 at June 30, 2019) 3,580 3,786
Federal bank and other restricted stocks, at cost 2,472 1,723
Loans held for sale 1,830 1,657
Total loans 467,804 369,175
Less allowance for loan losses (4,468) (3,788)
Net loans 463,336 365,387
Cash surrender value of life insurance 9,376 9,606
Premises and equipment, net 15,154 14,155
Goodwill 836
Core deposit intangible, net 263
Accrued interest receivable and other assets 2,595 2,168
Total assets 663,277 553,936
LIABILITIES    
Noninterest-bearing demand 137,554 116,239
Interest bearing demand 84,273 81,469
Savings 212,613 162,261
Time 128,582 112,205
Total deposits 563,022 472,174
Short-term borrowings 6,386 3,686
Federal Home Loan Bank advances 27,079 22,700
Accrued interest and other liabilities 5,462 4,210
Total liabilities 601,949 502,770
Commitments and contingent liabilities
SHAREHOLDERS’ EQUITY    
Preferred stock (no par value, 350,000 shares authorized, none outstanding) 0 0
Common stock (no par value, 8,500,000 shares authorized; 3,124,053 shares issued as of March 31, 2020 and 2,854,133 as of June 30, 2019) 19,974 14,656
Retained earnings 39,300 36,487
Treasury stock, at cost (108,475 and 120,288 common shares as of March 31, 2020 and June 30, 2019, respectively) (1,454) (1,543)
Accumulated other comprehensive income 3,508 1,566
Total shareholders’ equity 61,328 51,166
Total liabilities and shareholders’ equity $ 663,277 $ 553,936
v3.20.1
Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($)
$ / shares in Thousands, $ in Thousands
Mar. 31, 2020
Jun. 30, 2019
Held-to-maturity securities, fair value $ 3,792 $ 3,821
Preferred stock, par value (in dollars per share) $ 0 $ 0
Preferred stock, shares authorized (in shares) 350,000 350,000
Preferred stock, shares outstanding (in shares) 0 0
Common stock, par value (in dollars per share) $ 0 $ 0
Common stock, shares authorized (in shares) 8,500,000 8,500,000
Common stock, shares issued (in shares) 3,124,053 2,854,133
Treasury stock, shares (in shares) 108,475 120,288
v3.20.1
Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Mar. 31, 2020
Mar. 31, 2019
Interest and dividend income        
Loans, including fees $ 5,654 $ 4,115 $ 15,277 $ 12,123
Securities, taxable 488 566 1,478 1,641
Securities, tax-exempt 387 403 1,186 1,177
Federal bank and other restricted stocks 16 19 56 63
Federal funds sold and other interest-bearing deposits 61 16 103 73
Total interest and dividend income 6,606 5,119 18,100 15,077
Interest expense        
Deposits 918 749 2,773 1,881
Short-term borrowings 14 10 38 38
Federal Home Loan Bank advances 80 118 218 243
Total interest expense 1,012 877 3,029 2,162
Net interest income 5,594 4,242 15,071 12,915
Provision for loan losses 445 105 760 (555)
Net interest income after provision for loan losses 5,149 4,137 14,311 13,470
Noninterest income        
Noninterest income (in scope of Topic 606) 800 702 2,773 2,196
Bank owned life insurance death benefit 324
Bank owned life insurance income 65 66 199 203
Securities gains (losses), net 121 1 231 561
Other 199 157 617 535
Total noninterest income 1,107 860 3,601 3,299
Noninterest expenses        
Salaries and employee benefits 2,760 2,129 7,140 6,203
Occupancy and equipment 655 543 1,782 1,546
Data processing expenses 206 154 732 461
Debit card processing expenses 204 182 599 565
Professional and director fees 414 140 804 481
FDIC assessments 54 38 52 114
Franchise taxes 106 89 296 266
Marketing and advertising 125 87 399 322
Telephone and network communications 79 65 223 201
Amortization of intangible 7 7
Other 464 385 1,280 1,217
Total noninterest expenses 5,074 3,812 13,314 11,376
Income before income taxes 1,182 1,185 4,598 5,393
Income tax expense 164 150 637 836
Net income $ 1,018 $ 1,035 $ 3,961 $ 4,557
Basic and diluted earnings per share (in dollars per share) $ 0.34 $ 0.38 $ 1.40 $ 1.67
Deposit Account [Member]        
Noninterest income        
Noninterest income (in scope of Topic 606) $ 355 $ 298 $ 1,088 $ 935
Debit Card [Member]        
Noninterest income        
Noninterest income (in scope of Topic 606) $ 367 $ 338 $ 1,142 $ 1,065
v3.20.1
Consolidated Statements of Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Mar. 31, 2020
Mar. 31, 2019
Net income $ 1,018 $ 1,035 $ 3,961 $ 4,557
Other comprehensive income, net of tax:        
Unrealized gains arising during the period 1,900 1,946 2,690 2,840
Reclassification adjustment for gains included in income [1],[2] (121) (1) (231) (561)
Net unrealized gains 1,779 1,945 2,459 2,279
Income tax effect (373) (410) (517) (480)
Other comprehensive income (loss) 1,406 1,535 1,942 1,799
Total comprehensive income $ 2,424 $ 2,570 $ 5,903 $ 6,356
[1] Income tax expense
[2] Securities (gains) losses, net
v3.20.1
Condensed Consolidated Statements of Changes in Shareholders' Equity (Unaudited) - USD ($)
$ in Thousands
Common Stock [Member]
Retained Earnings [Member]
Treasury Stock [Member]
AOCI Attributable to Parent [Member]
Total
Balance at Jun. 30, 2018 $ 14,630 $ 32,342 $ (1,576) $ (1,635) $ 43,761
Net income 4,557 4,557
Other comprehensive income (loss) 1,799 1,799
Cash dividends declared (1,065) (1,065)
Shares associated with stock awards (2) 61 59
Balance at Mar. 31, 2019 14,628 35,834 (1,515) 164 49,111
Balance at Dec. 31, 2018 14,628 35,154 (1,515) (1,371) 46,896
Net income 1,035 1,035
Other comprehensive income (loss) 1,535 1,535
Cash dividends declared (355) (355)
Balance at Mar. 31, 2019 14,628 35,834 (1,515) 164 49,111
Balance at Jun. 30, 2019 14,656 36,487 (1,543) 1,566 51,166
Net income 3,961 3,961
Other comprehensive income (loss) 1,942 1,942
Cash dividends declared (1,148) (1,148)
269,920 shares issued for the Peoples acquisition 5,277 5,277
Shares associated with stock awards 41 89 130
Balance at Mar. 31, 2020 19,974 39,300 (1,454) 3,508 61,328
Balance at Dec. 31, 2019 14,697 38,691 (1,454) 2,102 54,036
Net income 1,018 1,018
Other comprehensive income (loss) 1,406 1,406
Cash dividends declared (409) (409)
269,920 shares issued for the Peoples acquisition 5,277 5,277
Balance at Mar. 31, 2020 $ 19,974 $ 39,300 $ (1,454) $ 3,508 $ 61,328
v3.20.1
Condensed Consolidated Statements of Changes in Shareholders' Equity (Unaudited) (Parentheticals) - $ / shares
 3 Months Ended 9 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Mar. 31, 2020
Mar. 31, 2019
Common stock, dividends, per share, declared (in dollars per share) $ 0.135 $ 0.13 $ 0.405 $ 0.39
Shares issued for the Peoples acquisition (in shares) 269,920   269,920  
Shares associated with stock awards (in shares)     11,813 3,997
v3.20.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash flows from operating activities    
Net cash from operating activities $ 5,024 $ 5,275
Purchases of securities, available-for-sale (18,610) (16,778)
Maturities, calls and principal pay downs of securities, available-for-sale 17,575 13,721
Sale of securities, available-for-sale 11,841 7,670
Principal pay downs of securities, held-to-maturity 206 200
Net decrease in certificate of deposit in other financial institutions 1,914 990
Purchase of Federal Reserve Bank stock, at cost (595)
Net increase in loans (43,405) (28,239)
Acquisition, net of cash acquired (4,295)
Proceeds from BOLI death benefit 753
Premises and equipment purchases (453) (1,528)
Sale of other repossessed assets 39
Net cash from investing activities (35,030) (23,964)
Cash flow from financing activities    
Net increase in deposit accounts 29,997 29,326
Net change in short-term borrowings 352 (9,342)
Proceeds from Federal Home Loan Bank advances 17,500 2,400
Repayments of Federal Home Loan Bank advances (13,612) (2,050)
Dividends paid (1,148) (1,065)
Net cash from financing activities 33,089 19,269
Increase in cash or cash equivalents 3,083 580
Cash and cash equivalents, beginning of period 9,461 7,772
Cash and cash equivalents, end of period 12,544 8,352
Supplemental disclosure of cash flow information:    
Interest 3,048 2,102
Federal income taxes 675 645
Non-cash items:    
Transfer from loans held for sale to portfolio 75
Issuance of treasury stock for stock awards 89 59
Right of use assets obtained in exchange for lease liabilities 582
Acquisition of Peoples:    
Goodwill 836  
Peoples Bancorp of Mt. Pleasant, Inc. [Member]    
Acquisition of Peoples:    
Consideration paid 10,405
Certificates of deposit in other financial institutions 11,839
Securities, available-for-sale 4,051
Federal bank and other restricted stocks, at cost 154
Loans, net 55,320
Premises and equipment 818
Goodwill 836
Core deposit intangible 270
Accrued interest receivable and other assets 140
Total noncash assets acquired 73,428
Deposits 60,851
Federal funds purchased 2,348
Federal Home Loan Bank advances 491
Other liabilities 166
Total liabilities assumed 63,856
Net noncash assets acquired 9,572
Cash acquired $ 833
v3.20.1
Note 1 - Summary of Significant Accounting Policies
 9 Months Ended
Mar. 31, 2020
Notes to Financial Statements  
Organization, Consolidation and Presentation of Financial Statements Disclosure and Significant Accounting Policies [Text Block]
Note
1
– Summary of Significant Accounting Policies
:
 
Nature of Operations:
Consumers Bancorp, Inc. (the Corporation) is a bank holding company headquartered in Minerva, Ohio that provides, through its banking subsidiary, Consumers National Bank (the Bank), a broad array of products and services throughout its primary market area of Carroll, Columbiana, Jefferson, Stark, Summit, Wayne and contiguous counties in Ohio. The Bank’s business involves attracting deposits from businesses and individual customers and using such deposits to originate commercial, mortgage and consumer loans in its primary market area.
 
Basis of Presentation
: The consolidated financial statements for interim periods are unaudited and reflect all adjustments (consisting of only normal recurring adjustments), which, in the opinion of management, are necessary to present fairly the financial position and results of operations and cash flows for the periods presented. The unaudited financial statements are presented in accordance with the requirements of Form
10
-Q and do
not
include all disclosures normally required by accounting principles generally accepted in the United States of America. The financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in the Corporation’s Form
10
-K for the year ended
June 30, 2019.
The results of operations for the interim period disclosed herein are
not
necessarily indicative of the results that
may
be expected for a full year.
 
The consolidated financial statements include the accounts of the Corporation and the Bank. All significant inter-company transactions and accounts have been eliminated in consolidation.
 
Segment Information:
The Corporation is a bank holding company engaged in the business of commercial and retail banking, which accounts for substantially all the revenues, operating income, and assets. Accordingly, all of the Corporation’s operations are recorded in
one
segment, banking.
 
Acquisition:
At the date of acquisition the Corporation records the assets and liabilities of acquired companies on the Consolidated Balance Sheet at their fair value. The results of operations for acquired companies are included in the Corporation’s Consolidated Statements of Income beginning at the acquisition date. Expenses arising from acquisition activities are recorded in the Consolidated Statements of Income during the periods incurred.
 
Reclassifications:
Certain items in prior financial statements have been reclassified to conform to the current presentation. Any reclassifications had
no
impact on prior year net income or shareholders’ equity.
 
Adoption of New Accounting Standards
: In
February 2016,
FASB issued accounting standards update (ASU)
2016
-
02,
Leases (Topic
842
)
. This ASU requires all organizations that lease assets to recognize on the balance sheet the assets and liabilities for the rights and obligations created by those leases. Additional qualitative and quantitative disclosures are required so users can understand more about the nature of an entity’s leasing activities. The new guidance was effective for annual reporting periods, and interim reporting periods within those annual periods, beginning after
December 15, 2018.
The Corporation has several lease agreements, such as branch locations, which were previously considered operating leases, and therefore,
not
recognized on the Corporation’s consolidated condensed statements of financial condition. The new guidance requires these lease agreements to now be recognized on the consolidated condensed statements of financial condition as a right-of-use asset and a corresponding lease liability. As of
July 1, 2019,
the Corporation adopted ASU
2016
-
02
using the modified retrospective method. There was
no
cumulative-effect adjustment to the opening balance of retained earnings for the period of adoption. As of
March 31, 2020,
the Corporation had contractual operating lease commitments of
$500.
 
Recently Issued Accounting Pronouncements
Not
Yet Effective:
In
June 2016,
Financial Accounting Standards Board (FASB) issued ASU
2016
-
13,
Financial Instruments—Credit Losses (Topic
326
): Measurement of Credit Losses on Financial Instruments. This ASU adds a new Topic
326
to the codification and removes the thresholds that companies apply to measure credit losses on financial instruments measured at amortized cost, such as loans, receivables, and held-to-maturity debt securities. Under current U.S. generally accepted accounting principles, companies generally recognize credit losses when it is probable that the loss has been incurred. The revised guidance will remove all current loss recognition thresholds and will require companies to recognize an allowance for credit losses for the difference between the amortized cost basis of a financial instrument and the amount of amortized cost that the corporation expects to collect over the instrument’s contractual life. ASU
2016
-
13
also amends the credit loss measurement guidance for available-for-sale debt securities and beneficial interests in securitized financial assets. The guidance in ASU
2016
-
13
is effective for “public business entities,” as defined in the guidance, that are SEC filers for fiscal years and for interim periods within those fiscal years beginning after
December 15, 2019.
Early adoption of the guidance is permitted for fiscal years beginning after
December 15, 2018,
including interim periods within those fiscal years. However, during
July 2019,
FASB unanimously voted for a proposal to delay this ASU to
January 2023
for smaller reporting companies. On
October 16, 2019,
FASB approved a final ASU delaying the effective date. The new guidance is effective for annual and interim periods beginning after
December 15, 2022
for certain entities, including smaller reporting companies. The Corporation is a smaller reporting company.
v3.20.1
Note 2 - Acquisition
 9 Months Ended
Mar. 31, 2020
Notes to Financial Statements  
Business Combination Disclosure [Text Block]
Note
2
– Acquisition
 
On
June 14, 2019,
the Corporation entered into an Agreement and Plan of Merger with Peoples Bancorp of Mt. Pleasant, Inc. (Peoples) and its wholly owned subsidiary, The Peoples National Bank of Mount Pleasant (Peoples Bank). On
January 1, 2020,
Consumers completed the acquisition by merger of Peoples in a stock and cash transaction for an aggregate consideration of approximately
$10,405.
In connection with the acquisition, the Corporation issued
269,920
shares of common stock and paid
$5,128
in cash to the former shareholders of Peoples. Immediately following the merger, Peoples Bank, was merged into the Corporation’s banking subsidiary, Consumers National Bank.
 
On
December 31, 2019,
Peoples had approximately
$72,016
in total assets,
$55,273
in loans and
$60,826
in deposits at its
three
banking centers located in Mt. Pleasant, Adena, and Dillonvale, Ohio. The assets and liabilities of Peoples were recorded on the Corporation’s Balance Sheet at their estimated fair values as of
January 1, 2020,
the acquisition date, and Peoples’ results of operations are included in the Corporation’s Consolidated Statements of Income beginning on that date.
 
The following table summarizes the estimated fair values of the assets acquired and liabilities assumed at the date of acquisition of Peoples. Core deposit intangible will be amortized over
ten
years on a straight-line basis. Goodwill will
not
be amortized, but instead will be evaluated for impairment.
 
Consideration Paid
    
 
     $
10,405
  
Net assets acquired:
                
Cash and cash equivalents
   $
833
      
 
  
Certificates of deposit in other financial institutions
    
11,839
      
 
  
Securities, available-for-sale
    
4,051
      
 
  
Federal bank and other restricted stocks, at cost
    
154
      
 
  
Loans, net
    
55,320
      
 
  
Premises and equipment
    
818
      
 
  
Core deposit intangible
    
270
      
 
  
Accrued interest receivable and other assets
    
140
      
 
  
Noninterest-bearing deposits
    
(11,979
)
    
 
  
Interest-bearing deposits
    
(48,872
)
    
 
  
Federal funds purchased
    
(2,348
)
    
 
  
Federal Home Loan Bank advances
    
(491
)
    
 
  
Other liabilities
    
(166
)
    
 
  
Total net assets acquired
    
 
      
9,569
  
Goodwill
    
 
     $
836
  
 
The acquired assets and liabilities were measured at estimated fair values. Management made certain estimates and exercised judgement in accounting for the acquisition. The fair value of loans was estimated using discounted contractual cash flows. The book balance of the loans at the time of the acquisition was
$55,273
before considering Peoples’ allowance for loan losses, which was
not
carried over. The fair value disclosed above reflects a credit-related adjustment of $(
890
) and an adjustment for other factors of
$937.
Loans evidencing credit deterioration since origination, purchased credit impaired loans, included in loans receivable were immaterial. Acquisition costs of
$433
were recorded during the
third
quarter of fiscal year
2020
and
$755
for the
nine
-month period ended
March 31, 2020.
The fair value measurements of assets acquired and liabilities assumed are subject to refinement for up to
one
year after the closing date of the acquisition as additional information relative to closing date fair values becomes available.
v3.20.1
Note 3 - Securities
 9 Months Ended
Mar. 31, 2020
Notes to Financial Statements  
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block]
Note
3
– Securities
 
 
Available –for-Sale
 
  
Amortized
Cost
   
Gross
Unrealized
Gains
   
Gross
Unrealized
Losses
   
Fair
Value
 
March
31, 20
20
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
U.S. Treasury
   $
1,747
     $
14
     $
—
     $
1,761
  
Obligations of U.S. government-sponsored entities and agencies
    
10,574
      
290
      
—
      
10,864
  
Obligations of state and political subdivisions
    
56,969
      
1,969
      
(5
)
    
58,933
  
U.S. Government-sponsored mortgage-backed securities–residential
    
55,248
      
1,822
      
(1
)
    
57,069
  
U.S. Government-sponsored mortgage-backed securities– commercial
    
1,397
      
6
    
——
      
1,403
  
U.S. Government-sponsored collateralized mortgage obligations– residential
    
9,007
      
346
      
—
      
9,353
  
Total available-for-sale securities
   $
134,942
     $
4,447
     $
(6
)
   $
139,383
  
 
Held-to-Maturity
 
  
Amortized
Cost
   
Gross
Unrecognized
Gains
   
Gross
Unrecognized Losses
   
Fair
Value
  
March
3
1
, 20
20
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
Obligations of state and political subdivisions
   $
3,580
     $
212
     $
—
     $
3,792
  
Total held-to-maturity securities
   $
3,580
     $
212
     $
—
     $
3,792
  
 
Available–for-Sale
  
Amortized
Cost
   
Gross
Unrealized
Gains
   
Gross
Unrealized
Losses
   
Fair
Value
 
June 30, 201
9
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
Obligations of U.S. government-sponsored entities and agencies
   $
19,227
     $
287
     $
(1
)
   $
19,513
  
Obligations of state and political subdivisions
    
56,405
      
1,557
      
(33
)
    
57,929
  
U.S. Government-sponsored mortgage-backed securities – residential
    
56,309
      
450
      
(448
)
    
56,311
  
U.S. Government-sponsored collateralized mortgage obligations – residential
    
10,087
      
198
      
(28
)
    
10,257
  
Total available-for-sale securities
   $
142,028
     $
2,492
     $
(510
)
   $
144,010
  
 
Held-to-Maturity
 
  
Amortized
Cost
   
Gross
Unrecognized
Gains
   
Gross
Unrecognized
Losses
   
Fair
Value
 
June 30, 201
9
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
Obligations of state and political subdivisions
   $
3,786
     $
35
     $
—
     $
3,821
  
Total held-to-maturity securities
   $
3,786
     $
35
     $
—
     $
3,821
  
 
Proceeds from the sale and call of available-for-sale securities were as follows:
 
   
Three Months Ended
March 31,
    
Nine Months Ended
March 31,
  
   
2020
    
2019
    
2020
    
2019
  
Proceeds from sales
   $
5,731
     $
2,772
     $
11,841
     $
7,670
  
Gross realized gains
    
121
      
12
      
231
      
606
  
Gross realized losses
    
—
      
11
      
—
      
45
  
 
The income tax provision related to the net realized gains amounted to
$26
and
$49
for the
three
and
nine
months ended
March 31, 2020.
The income tax provision related to net realized gains amounted to
$118
for the
nine
months ended
March 31, 2019.
 
The amortized cost and fair values of debt securities at
March 31, 2020,
by expected maturity, are shown below. Expected maturities will differ from contractual maturities because borrowers
may
have the right to call or prepay obligations with or without call or prepayment penalties. Securities
not
due at a single maturity date, primarily mortgage-backed securities, are shown separately. 
 
 
Available-for-Sale
  
Amortized
Cost
    
Estimated Fair
Value
  
Due in one year or less
   $
8,341
     $
8,401
  
Due after one year through five years
    
15,554
      
15,963
  
Due after five years through ten years
    
13,703
      
14,023
  
Due after ten years
    
31,692
      
33,171
  
Total
    
69,290
      
71,558
  
                 
U.S. Government-sponsored mortgage-backed and related securities
    
65,652
      
67,825
  
Total available-for-sale securities
   $
134,942
     $
139,383
  
                 
Held-to-Maturity
  
 
 
 
  
 
 
 
Due after five years through ten years
   $
412
     $
430
  
Due after ten years
    
3,168
      
3,362
  
Total held-to-maturity securities
   $
3,580
     $
3,792
  
 
The following table summarizes the securities with unrealized losses at
March 31, 2020
and
June 30, 2019,
aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position:
 
   
Less than 12 Months
   
12 Months or more
   
Total
 
Available-for-sale
  
Fair
Value
   
Unrealized
Loss
   
Fair
Value
   
Unrealized
Loss
    
Fair
Value
   
Unrealized
Loss
  
March
3
1
, 20
20
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
Obligations of states and political subdivisions
   $
1,357
     $
(5
)
   $
—
     $
—
     $
1,357
     $
(5
)
U.S. Government-sponsored mortgage-backed securities – residential
    
—
      
—
      
648
      
(1
)
    
648
      
(1
)
Total temporarily impaired
   $
1,357
     $
(5
)
   $
648
     $
(1
)
   $
2,005
     $
(6
)
 
   
Less than 12 Months
   
12 Months or more
   
Total
 
Available-for-sale
  
Fair
Value
   
Unrealized
Loss
   
Fair
Value
   
Unrealized
Loss
    
Fair
Value
   
Unrealized
Loss
  
June 30, 201
9
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
Obligations of U.S. government-sponsored entities and agencies
   $
—
     $
—
     $
998
     $
(1
)
   $
998
     $
(1
)
Obligations of states and political subdivisions
    
—
      
—
      
5,201
      
(33
)
    
5,201
      
(33
)
U.S. Government-sponsored mortgage-backed securities – residential
    
—
      
—
      
36,362
      
(448
)
    
36,362
      
(448
)
U.S. Government-sponsored collateralized mortgage obligations - residential
    
—
      
—
      
3,277
      
(28
)
    
3,277
      
(28
)
Total temporarily impaired
   $
—
     $
—
     $
45,838
     $
(510
)
   $
45,838
     $
(510
)
 
Management evaluates securities for other-than-temporary impairment (OTTI) on a quarterly basis, and more frequently when economic or market conditions warrant such an evaluation. The securities portfolio is evaluated for OTTI by segregating the portfolio into
two
general segments and applying the appropriate OTTI model. Investment securities are generally evaluated for OTTI under FASB ASC Topic
320,
Accounting for Certain Investments in Debt and Equity Securities
.
 
In determining OTTI under the ASC Topic
320
model, management considers many factors, including: (
1
) the length of time and the extent to which the fair value has been less than cost, (
2
) the financial condition and near-term prospects of the issuer, (
3
) whether the market decline was affected by macroeconomic conditions, and (
4
) whether the entity has the intent to sell the debt security or more likely than
not
will be required to sell the debt security before its anticipated recovery. The assessment of whether an other-than-temporary decline exists involves a high degree of subjectivity and judgment and is based on the information available to management at a point in time.
 
The unrealized losses within the securities portfolio as of
March 31, 2020
have
not
been recognized into income because the decline in fair value is
not
attributed to credit quality and management does
not
intend to sell, and it is
not
likely that management will be required to sell, the securities prior to their anticipated recovery. The decline in fair value within the securities portfolio is largely due to changes in municipal and mortgage backed security spreads and the fair value is expected to recover. The mortgage-backed securities and collateralized mortgage obligations were primarily issued by Fannie Mae, Freddie Mac and Ginnie Mae, institutions which the government has affirmed its commitment to support. The Corporation does
not
own any private label mortgage-backed securities.
v3.20.1
Note 4 - Loans
 9 Months Ended
Mar. 31, 2020
Notes to Financial Statements  
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]
Note
4
– Loans
 
Major classifications of loans were as follows:
   
March 31,
2020
    
June 30,
2019
  
Commercial
   $
85,848
     $
80,453
  
Commercial real estate:
                
Construction
    
16,673
      
16,120
  
Other
    
229,329
      
195,269
  
1 – 4 Family residential real estate:
                
Owner occupied
    
87,631
      
55,941
  
Non-owner occupied
    
19,391
      
14,517
  
Construction
    
7,417
      
1,931
  
Consumer
    
21,563
      
5,150
  
Subtotal
    
467,852
      
369,381
  
Net Deferred loan fees and costs
    
(48
)
    
(206
)
Allowance for loan losses
    
(4,468
)
    
(3,788
)
Net Loans
   $
463,336
     $
365,387
  
 
The following table presents the activity in the allowance for loan losses by portfolio segment for the
three
months ended
March 31, 2020:
 
                   
1-4 Family
                  
     
 
    
Commercial
    
Residential
      
 
      
 
  
     
 
    
Real
    
Real
      
 
      
 
  
   
Commercial
    
Estate
    
Estate
    
Consumer
    
Total
  
                                         
Allowance for loan losses:
                                        
Beginning balance
   $
766
     $
2,652
     $
615
     $
62
     $
4,095
  
Provision for loan losses
    
25
      
203
      
116
      
101
      
445
  
Loans charged-off
    
—
      
—
      
—
      
(91
)
    
(91
)
Recoveries
    
—
      
1
      
1
      
17
      
19
  
Total ending allowance balance
   $
791
     $
2,856
     $
732
     $
89
     $
4,468
  
 
The following table presents the activity in the allowance for loan losses by portfolio segment for the
nine
months ended
March 31, 2020:
 
                   
1-4 Family
                  
     
 
    
Commercial
    
Residential
      
 
      
 
  
     
 
    
Real
    
Real
      
 
      
 
  
   
Commercial
    
Estate
    
Estate
    
Consumer
    
Total
  
                                         
Allowance for loan losses:
                                        
Beginning balance
   $
660
     $
2,575
     $
494
     $
59
     $
3,788
  
Provision for loan losses
    
131
      
278
      
236
      
115
      
760
  
Loans charged-off
    
—
      
—
      
—
      
(114
)
    
(114
)
Recoveries
    
—
      
3
      
2
      
29
      
34
  
Total ending allowance balance
   $
791
     $
2,856
     $
732
     $
89
     $
4,468
  
 
The following table presents the activity in the allowance for loan losses by portfolio segment for the
three
months ended
March 31, 2019:
 
                   
1-4 Family
                  
     
 
    
Commercial
    
Residential
      
 
      
 
  
     
 
    
Real
    
Real
      
 
      
 
  
   
Commercial
    
Estate
    
Estate
    
Consumer
    
Total
  
                                         
Allowance for loan losses:
                                        
Beginning balance
   $
622
     $
2,397
     $
496
     $
54
     $
3,569
  
Provision for loan losses
    
—
      
102
      
5
      
(2
)
    
105
  
Loans charged-off
    
—
      
(25
)
    
—
      
(9
)
    
(34
)
Recoveries
    
—
      
7
      
2
      
7
      
16
  
Total ending allowance balance
   $
622
     $
2,481
     $
503
     $
50
     $
3,656
  
 
The following table presents the activity in the allowance for loan losses by portfolio segment for the
nine
months ended
March 31, 2019:
 
                   
1-4 Family
                  
     
 
    
Commercial
    
Residential
      
 
      
 
  
     
 
    
Real
    
Real
      
 
      
 
  
   
Commercial
    
Estate
    
Estate
    
Consumer
    
Total
  
                                         
Allowance for loan losses:
                                        
Beginning balance
   $
586
     $
2,277
     $
499
     $
60
     $
3,422
  
Provision for loan losses
    
36
      
(591
)
    
(2
)
    
2
      
(555
)
Loans charged-off
    
—
      
(80
)
    
—
      
(30
)
    
(110
)
Recoveries
    
—
      
875
      
6
      
18
      
899
  
Total ending allowance balance
   $
622
     $
2,481
     $
503
     $
50
     $
3,656
  
 
The following table presents the balance in the allowance for loan losses and the recorded investment in loans by portfolio segment and based on impairment method as of
March 31, 2020.
Included in the recorded investment in loans is
$1,045
of accrued interest receivable.
 
                   
1-4 Family
                  
     
 
    
Commercial
    
Residential
      
 
      
 
  
     
 
    
Real
    
Real
      
 
      
 
  
   
Commercial
    
Estate
    
Estate
    
Consumer
    
Total
  
Allowance for loan losses:
                                        
Ending allowance balance attributable to loans:
                                        
Individually evaluated for impairment
   $
1
     $
8
     $
—
     $
—
     $
9
  
Acquired loans collectively evaluated for impairment
    
—
      
13
      
37
      
—
      
50
  
Originated loans collectively evaluated for impairment
    
790
      
2,835
      
695
      
89
      
4,409
  
Total ending allowance balance
   $
791
     $
2,856
     $
732
     $
89
     $
4,468
  
                                         
Recorded investment in loans:
                                        
Loans individually evaluated for impairment
   $
177
     $
1,063
     $
284
     $
—
     $
1,524
  
Acquired loans collectively evaluated for impairment
    
1,527
      
9,462
      
27,562
      
13,519
      
52,070
  
Originated loans collectively evaluated for impairment
    
84,275
      
235,513
      
87,363
      
8,104
      
415,255
  
Total ending loans balance
   $
85,979
     $
246,038
     $
115,209
     $
21,623
     $
468,849
  
 
The following table presents the balance in the allowance for loan losses and the recorded investment in loans by portfolio segment and based on impairment method as of
June 30, 2019.
Included in the recorded investment in loans is
$891
of accrued interest receivable.
 
                   
1-4 Family
                  
     
 
    
Commercial
    
Residential
      
 
      
 
  
     
 
    
Real
    
Real
      
 
      
 
  
   
Commercial
    
Estate
    
Estate
    
Consumer
    
Total
  
Allowance for loan losses:
                                        
Ending allowance balance attributable to loans:
                                        
Individually evaluated for impairment
   $
2
     $
7
     $
—
     $
—
     $
9
  
Collectively evaluated for impairment
    
658
      
2,568
      
494
      
59
      
3,779
  
Total ending allowance balance
   $
660
     $
2,575
     $
494
     $
59
     $
3,788
  
                                         
Recorded investment in loans:
                                        
Loans individually evaluated for impairment
   $
174
     $
658
     $
357
     $
—
     $
1,189
  
Loans collectively evaluated for impairment
    
80,413
      
210,709
      
72,591
      
5,164
      
368,877
  
Total ending loans balance
   $
80,587
     $
211,367
     $
72,948
     $
5,164
     $
370,066
  
 
The following table presents information related to unpaid principal balance, recorded investment and interest income associated with loans individually evaluated for impairment by class of loans as of
March 31, 2020
and for the
nine
months ended
March 31, 2020:
 
   
As of March 31, 2020
    
Nine Months ended March 31, 2020
  
   
Unpaid
            
Allowance
for Loan
    
Average
    
Interest
    
Cash Basis
  
   
Principal
    
Recorded
    
Losses
    
Recorded
    
Income
    
Interest
  
   
Balance
    
Investment
    
Allocated
    
Investment
    
Recognized
    
Recognized
  
With no related allowance recorded:
                                                
Commercial
   $
21
     $
21
     $
—
     $
5
     $
—
     $
—
  
Commercial real estate:
                                                
Other
    
933
      
846
      
—
      
415
      
88
      
88
  
1-4 Family residential real estate:
                                                
Owner occupied
    
79
      
42
      
—
      
27
      
7
      
7
  
Non-owner occupied
    
288
      
242
      
—
      
251
      
—
      
—
  
With an allowance recorded:
                                                
Commercial
    
155
      
156
      
1
      
164
      
7
      
7
  
Commercial real estate:
                                                
Other
    
214
      
217
      
8
      
218
      
10
      
10
  
Total
   $
1,690
     $
1,524
     $
9
     $
1,080
     $
112
     $
112
  
 
The following table presents information related to average recorded investment and interest income associated with loans individually evaluated for impairment by class of loans for the
three
months ended
March 31, 2020:
 
   
Average
    
Interest
    
Cash Basis
    
   
Recorded
    
Income
    
Interest
    
   
Investment
    
Recognized
    
Recognized
    
With no related allowance recorded:
                          
Commercial
   $
14
     $
—
     $
—
    
Commercial real estate:
                          
Other
    
641
      
1
      
1
    
1-4 Family residential real estate:
                          
Owner occupied
    
31
      
—
      
—
    
Non-owner occupied
    
244
      
—
      
—
    
With an allowance recorded:
                          
Commercial
    
158
      
2
      
2
    
Commercial real estate:
                          
Other
    
216
      
4
      
4
    
Total
   $
1,304
     $
7
     $
7
    
 
The following table presents information related to unpaid principal balance, recorded investment and interest income associated with loans individually evaluated for impairment by class of loans as of
June 30, 2019
and for the
nine
months ended
March 31, 2019:
 
   
As of June 30, 2019
    
Nine Months ended March 31, 2019
  
   
Unpaid
            
Allowance
for Loan
    
Average
    
Interest
    
Cash Basis
  
   
Principal
    
Recorded
    
Losses
    
Recorded
    
Income
    
Interest
  
   
Balance
    
Investment
    
Allocated
    
Investment
    
Recognized
    
Recognized
  
With no related allowance recorded:
                                                
Commercial
   $
—
     $
—
     $
—
     $
100
     $
5
     $
5
  
Commercial real estate:
                                                
Other
    
580
      
436
      
—
      
1,176
      
28
      
28
  
1-4 Family residential real estate:
                                                
Owner occupied
    
124
      
93
      
—
      
98
      
—
      
—
  
Non-owner occupied
    
297
      
264
      
—
      
283
      
—
      
—
  
With an allowance recorded:
                                                
Commercial real estate:
                                                
Other
    
221
      
222
      
7
      
227
      
10
      
10
  
Commercial
    
173
      
174
      
2
      
—
      
—
      
—
  
Total
   $
1,395
     $
1,189
     $
9
     $
1,884
     $
43
     $
43
  
 
The following table presents information related to average recorded investment and interest income associated with loans individually evaluated for impairment by class of loans for the
three
months ended
March 31, 2019:
 
   
Average
    
Interest
    
Cash Basis
    
   
Recorded
    
Income
    
Interest
    
   
Investment
    
Recognized
    
Recognized
    
With no related allowance recorded:
                          
Commercial
   $
116
     $
2
     $
2
    
Commercial real estate:
                          
Other
    
1,019
      
9
      
9
    
1-4 Family residential real estate:
                          
Owner occupied
    
96
      
—
      
—
    
Non-owner occupied
    
275
      
—
      
—
    
With an allowance recorded:
                          
Commercial real estate:
                          
Other
    
224
      
3
      
3
    
Total
   $
1,730
     $
14
     $
14
    
 
The following table presents the recorded investment in non-accrual and loans past due over
90
days still on accrual by class of loans as of
March 31, 2020
and
June 30, 2019:
 
   
March 31, 2020
    
June 30, 2019
  
           
Loans Past Due
            
Loans Past Due
  
           
Over 90 Days
            
Over 90 Days
  
           
Still
            
Still
  
   
Non-accrual
    
Accruing
    
Non-accrual
    
Accruing
  
Commercial
   $
22
     $
—
     $
—
     $
—
  
Commercial real estate:
                                
Other
    
797
      
—
      
436
      
—
  
1 – 4 Family residential:
                                
Owner occupied
    
36
      
—
      
85
      
—
  
Non-owner occupied
    
242
      
—
      
264
      
—
  
Consumer
    
—
      
13
      
—
      
—
  
Total
   $
1,097
     $
13
     $
785
     $
—
  
 
Non-accrual loans and loans past due
90
days still on accrual include both smaller balance homogeneous loans that are collectively evaluated for impairment and individually classified impaired loans.
 
The following table presents the aging of the recorded investment in past due loans as of
March 31, 2020
by class of loans:
 
   
Days Past Due
                          
   
30 - 59
    
60 - 89
    
90 Days or
    
Total
    
Loans Not
          
   
Days
    
Days
    
Greater
    
Past Due
    
Past Due
    
Total
  
Commercial
   $
—
     $
21
     $
—
     $
21
     $
85,958
     $
85,979
  
Commercial real estate:
                                                
Construction
    
—
      
—
      
—
      
—
      
16,656
      
16,656
  
Other
    
1,126
      
4
      
628
      
1,758
      
227,624
      
229,382
  
1-4 Family residential:
                                                
Owner occupied
    
722
      
15
      
35
      
772
      
87,538
      
88,310
  
Non-owner occupied
    
—
      
—
      
—
      
—
      
19,402
      
19,402
  
Construction
    
—
      
—
      
—
      
—
      
7,497
      
7,497
  
Consumer
    
248
      
62
      
13
      
323
      
21,300
      
21,623
  
Total
   $
2,096
     $
102
     $
676
     $
2,874
     $
465,975
     $
468,849
  
 
The above table of past due loans includes the recorded investment in non-accrual loans of
$27
in the
60
-
89
days category,
$663
in the
90
days or greater category and
$407
in the loans
not
past due category.
 
The following table presents the aging of the recorded investment in past due loans as of
June 30, 2019
by class of loans:
 
   
Days Past Due
                          
    30 - 59     60 - 89    
90 Days or
    
Total
    
Loans Not
          
   
Days
    
Days
    
Greater
    
Past Due
    
Past Due
    
Total
  
Commercial
   $
—
     $
—
     $
—
     $
—
     $
80,587
     $
80,587
  
Commercial real estate:
                                                
Construction
    
—
      
—
      
—
      
—
      
16,075
      
16,075
  
Other
    
199
      
—
      
—
      
199
      
195,093
      
195,292
  
1-4 Family residential:
                                                
Owner occupied
    
40
      
—
      
80
      
120
      
56,347
      
56,467
  
Non-owner occupied
    
—
      
—
      
—
      
—
      
14,518
      
14,518
  
Construction
    
—
      
—
      
—
      
—
      
1,963
      
1,963
  
Consumer
    
1
      
—
      
—
      
1
      
5,163
      
5,164
  
Total
   $
240
     $
—
     $
80
     $
320
     $
369,746
     $
370,066
  
 
The above table of past due loans includes the recorded investment in non-accrual loans of
$198
in the
30
-
59
days,
$80
in the
90
days or greater category and
$507
in the loans
not
past due category.
 
Troubled Debt Restructurings
(TDR)
:
The Corporation has certain loans that have been modified in order to maximize collection of loan balances that are classified as TDRs. A modified loan is usually classified as a TDR if, for economic reasons, management grants a concession to the original terms and conditions of the loan to a borrower who is experiencing financial difficulties that it would
not
have otherwise considered. In response to COVID-
19,
on
March 22, 2020
the Corporation adopted a loan modification program to assist borrowers impacted by the virus. The program is available to most borrowers whose loan was
not
past due on
March 22, 2020,
the date this loan modification program was adopted. The program offers principal and interest payment deferrals for up to
90
days or interest only payments for up to
90
days. Interest will be deferred but will continue to accrue during the deferment period and the maturity date on amortizing loans will be extended by the number of months the payment was deferred. Consistent with issued regulatory guidance, modifications made under this program in response to COVID-
19
will
not
be classified as TDRs. As of
March 31, 2020,
there were
32
commercial loans with an outstanding balance of
$16,116,
five
mortgage loans with an outstanding balance of
$307
and
16
consumer loans with an outstanding balance of
$252
that were granted
90
days of payment deferrals under the loan modification program that was adopted in response to COVID-
19
that are
not
classified as TDRs.
 
As of
March 31, 2020
and
June 30, 2019,
the Corporation had
$673
and
$725,
respectively, of loans classified as TDRs which are included in impaired loans above. As of
March 31, 2020,
the Corporation had
not
committed to lend any additional funds to customers with outstanding loans that were classified as troubled debt restructurings. As of
June 30, 2019,
the Corporation had committed to lend an additional
$9
to customers with outstanding loans that were classified as troubled debt restructurings. As of
March 31, 2020
and
June 30, 2019,
the Corporation had
$9
of specific reserves allocated to these loans.
 
During the
three
and
nine
-month periods ended
March 31, 2020,
there were
no
loan modifications completed that were classified as troubled debt restructurings. There were
no
charge offs from troubled debt restructurings that were completed during the
three
and
nine
-month periods ended
March 31, 2020.
 
During the
three
-month period ended
March 31, 2019,
the terms of a loan to
one
borrower were modified as a troubled debt restructuring. The modification of the terms of the loan included a combination of forgiveness of a portion of the principal amount owed, which resulted in a reduction in the monthly payment amount. The following table presents loans by class modified as troubled debt restructurings that occurred during the period ended
March 31, 2019:
 
           
Pre-Modification
    
Post-Modification
  
   
Number of
    
Outstanding Recorded
    
Outstanding Recorded
  
   
Loans
    
Investment
    
Investment
  
Commercial real estate:
                        
Other
    
1
     $
161
     $
59
  
Total
    
1
     $
161
     $
59
  
 
The troubled debt restructuring described above increased the allowance for loan losses and resulted in a charge-off of
$80
during the period ended
March 31, 2019.
 
There were
no
loans classified as troubled debt restructurings for which there was a payment default within
12
months following the modification during the
three
and
nine
-month periods ended
March 31, 2020
and
2019.
A loan is considered in payment default once it is
90
days contractually past due under the modified terms.
 
Credit Quality Indicators:
The Corporation categorizes loans into risk categories based on relevant information about the ability of borrowers to service their debt such as: current financial information, historical payment experience, credit documentation, public information, current economic trends and other relevant information. The Corporation analyzes loans individually by classifying the loans as to credit risk. This analysis includes loans with a total outstanding loan relationship greater than
$100
and non-homogeneous loans, such as commercial and commercial real estate loans. Management monitors the loans on an ongoing basis for any changes in the borrower’s ability to service their debt and affirms the risk ratings for the loans and leases in their respective portfolio on an annual basis. The Corporation uses the following definitions for risk ratings:
 
Special Mention.
Loans classified as special mention have a potential weakness that deserves management’s close attention. If left uncorrected, these potential weaknesses
may
result in deterioration of the repayment prospects for the loan or of the institution’s credit position at some future date.
 
Substandard.
Loans classified as substandard are inadequately protected by the current net worth and paying capacity of the obligor or of the collateral pledged, if any. Loans so classified have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the institution will sustain some loss if the deficiencies are
not
corrected.
 
Doubtful.
Loans classified as doubtful have all the weaknesses inherent in those classified as substandard, with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions, and values, highly questionable and improbable.
 
Loans
not
meeting the criteria above that are analyzed individually as part of the above described process are considered pass rated loans. Loans listed as
not
rated are either less than
$100
or are included in groups of homogeneous loans. Generally,
1
-
4
Family Residential and Consumer loans are
not
risk rated, except when collateral is used for a business purpose. These loans are evaluated based on delinquency status, which are disclosed in the previous table within this footnote. Based on the most recent analysis performed, the recorded investment by risk category of loans by class of loans was as follows:
 
   
As of March 31, 2020
  
           
Special
                    
Not
  
   
Pass
    
Mention
    
Substandard
    
Doubtful
    
Rated
  
Commercial
   $
81,123
     $
186
     $
4,348
     $
21
     $
301
  
Commercial real estate:
                                        
Construction
    
16,656
      
—
      
—
      
—
      
—
  
Other
    
219,075
      
2,573
      
5,205
      
797
      
1,732
  
1-4 Family residential real estate:
                                        
Owner occupied
    
1,971
      
—
      
334
      
2
      
86,003
  
Non-owner occupied
    
18,444
      
190
      
229
      
242
      
297
  
Construction
    
1,683
      
—
      
—
      
—
      
5,814
  
Consumer
    
76
      
—
      
—
      
—
      
21,547
  
Total
   $
339,028
     $
2,949
     $
10,116
     $
1,062
     $
115,694
  
 
As of
June 30, 2019,
and based on the most recent analysis performed, the recorded investment by risk category of loans by class of loans is as follows:
 
   
As of June 30, 2019
  
           
Special
                    
Not
  
   
Pass
    
Mention
    
Substandard
    
Doubtful
    
Rated
  
Commercial
   $
74,393
     $
4,942
     $
1,012
     $
—
     $
240
  
Commercial real estate:
                                        
Construction
    
16,075
      
—
      
—
      
—
      
—
  
Other
    
179,952
      
8,071
      
5,337
      
436
      
1,496
  
1-4 Family residential real estate:
                                        
Owner occupied
    
2,245
      
—
      
24
      
5
      
54,193
  
Non-owner occupied
    
13,413
      
205
      
318
      
263
      
319
  
Construction
    
—
      
—
      
—
      
—
      
1,963
  
Consumer
    
32
      
—
      
—
      
—
      
5,132
  
Total
   $
286,110
     $
13,218
     $
6,691
     $
704
     $
63,343
  
v3.20.1
Note 5 - Fair Value
 9 Months Ended
Mar. 31, 2020
Notes to Financial Statements  
Fair Value Disclosures [Text Block]
Note
5
- Fair Value
 
Fair value is the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. There are
three
levels of inputs that
may
be used to measure fair values:
 
Level
1:
Quoted prices (unadjusted) for identical assets or liabilities in active markets that the entity has the ability to access as of the measurement date.
 
Level
2:
Significant other observable inputs other than Level
1
prices such as quoted prices for similar assets or liabilities; quoted prices in markets that are
not
active; or other inputs that are observable or can be corroborated by observable market data.
 
Level
3:
Significant unobservable inputs that reflect a company’s own assumptions about the assumptions that market participants would use in pricing an asset or liability.
 
Financial assets and financial liabilities measured at fair value on a recurring basis include the following: 
 
Securities available-for-sale:
When available, the fair values of available-for-sale securities are determined by obtaining quoted prices on nationally recognized securities exchanges (Level
1
inputs). For securities where quoted market prices are
not
available, fair values are calculated based on market prices of similar securities (Level
2
inputs). For securities where quoted prices or market prices of similar securities are
not
available, fair values are calculated using discounted cash flows or other unobservable inputs (Level
3
inputs).
 
Assets and liabilities measured at fair value on a recurring basis are summarized below, segregated by the level of the valuation inputs within the fair value hierarchy utilized to measure fair value:
 
           
Fair Value Measurements at
March 31, 2020 Using
  
   
Balance at
March 31,
2020
    
Level 1
    
Level 2
    
Level 3
  
Assets:
                                
U.S. Treasury
   $
1,761
     $
—
     $
1,761
     $
—
  
Obligations of U.S. government-sponsored entities and agencies
    
10,864
      
—
      
10,864
      
—
  
Obligations of states and political subdivisions
    
58,933
      
—
      
58,933
      
—
  
U.S. Government-sponsored mortgage-backed securities – residential
    
57,069
      
—
      
57,069
      
—
  
U.S. Government-sponsored mortgage-backed securities – commercial
    
1,403
      
—
      
1,403
      
—
  
U.S. Government-sponsored collateralized mortgage obligations - residential
    
9,353
      
—
      
9,353
      
—
  
 
           
Fair Value Measurements at
June 30, 2019 Using
  
   
Balance at
June 30,
2019
    
Level 1
    
Level 2
    
Level 3
  
Assets:
                                
Securities available-for-sale:
                                
Obligations of government-sponsored entities
   $
19,513
     $
—
     $
19,513
     $
—
  
Obligations of states and political subdivisions
    
57,929
      
—
      
57,929
      
—
  
U.S. Government-sponsored mortgage-backed securities - residential
    
56,311
      
—
      
56,311
      
—
  
U.S. Government-sponsored collateralized mortgage obligations
    
10,257
      
—
      
10,257
      
—
  
 
There were
no
transfers between Level
1
and Level
2
during the
three
or
nine
-month periods ended
March 31, 2020
or
2019.
 
Certain financial assets and financial liabilities are measured at fair value on a non-recurring basis; that is, the instruments are
not
measured at fair value on an ongoing basis but are subject to fair value adjustments in certain circumstances. Financial assets and financial liabilities measured at fair value on a non-recurring basis include the following:
 
Impaired Loans:
At the time a loan is considered impaired, it is valued at the lower of cost or fair value. Impaired loans carried at fair value generally receive specific allocations of the allowance for loan losses or are charged down to their fair value. For collateral dependent loans, fair value is commonly based on recent real estate appraisals. These appraisals
may
utilize a single valuation approach or a combination of approaches including comparable sales and the income approach. Adjustments are routinely made in the appraisal process by the appraisers to adjust for differences between the comparable sales and income data available. Such adjustments are usually significant and typically result in a Level
3
classification of the inputs for determining fair value.
 
Other Real Estate
and Repossessed Assets
Owned:
Assets acquired through or instead of loan foreclosure are initially recorded at fair value less costs to sell when acquired, establishing a new cost basis. These assets are subsequently accounted for at lower of cost or fair value less estimated costs to sell. Real estate owned properties and other repossessed assets, which are primarily vehicles, are evaluated on a quarterly basis for additional impairment and adjusted accordingly. There was
no
other real estate owned or other repossessed assets being carried at fair value as of
March 31, 2020
or
June 30, 2019.
 
There were
no
financial assets measured at fair value on a non-recurring basis at
March 31, 2020.
Financial assets measured at fair value on a non-recurring basis at
June 30, 2019
are summarized below: 
 
           
Fair Value Measurements at
June 30, 2019 Using
  
   
Balance at
June 30, 2019
    
Level 1
    
Level 2
    
Level 3
  
Impaired loans:
                                
Commercial Real Estate – Other
   $
59
     $
—
     $
—
     $
59
  
 
Impaired loans, measured for impairment using the fair value of the collateral, had a recorded investment of
$59,
with
no
valuation allowance at
June 30, 2019.
There was
no
impact to the provision for loan losses for the
three
and
nine
-month periods ended
March 31, 2020.
The resulting impact to the provision for loan losses was an increase of
$25
being recorded for the
three
months ended
March 31, 2019
and
$80
for the
nine
months ended
March 31, 2019.
 
The following tables presents quantitative information about Level
3
fair value measurements for financial instruments measured at fair value on a non-recurring basis at
June 30, 2019: 
 
June 30, 2019
  
Fair Value
  
Valuation
Technique
  
Unobservable
Inputs
    
Range
    
Weighted
Average
 
Impaired loans:
                                  
Commercial Real Estate – Other
   $
59
  
Settlement Agreement
    
N/A
      
0.0
%
    
0.0
%
 
The following table shows the estimated fair values of financial instruments that are reported at amortized cost in the Corporation’s consolidated balance sheets, segregated by the level of the valuation inputs within the fair value hierarchy utilized to measure fair value:
 
   
March
31
, 20
20
    
June 30, 201
9
  
   
Carrying
Amount
   
Estimated
Fair
Value
   
Carrying
Amount
   
Estimated
Fair
Value
 
Financial Assets:
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
Level 1 inputs:
                                
Cash and cash equivalents
   $
12,544
     $
12,544
     $
9,461
     $
9,461
  
Level 2 inputs:
                                
Certificates of deposits in other financial institutions
    
11,908
      
11,964
      
1,983
      
1,983
  
Loans held for sale
    
1,830
      
1,869
      
1,657
      
1,687
  
Accrued interest receivable
    
1,861
      
1,861
      
1,607
      
1,607
  
Level 3 inputs:
                                
Securities held-to-maturity
    
3,580
      
3,792
      
3,786
      
3,821
  
Loans, net
    
463,336
      
471,410
      
365,387
      
366,911
  
Financial Liabilities:
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
Level 2 inputs:
                                
Demand and savings deposits
    
434,440
      
434,440
      
359,969
      
359,969
  
Time deposits
    
128,582
      
129,502
      
112,205
      
112,841
  
Short-term borrowings
    
6,386
      
6,386
      
3,686
      
3,686
  
Federal Home Loan Bank advances
    
27,079
      
27,130
      
22,700
      
22,596
  
Accrued interest payable
    
157
      
157
      
132
      
132
  
v3.20.1
Note 6 - Earnings Per Share
 9 Months Ended
Mar. 31, 2020
Notes to Financial Statements  
Earnings Per Share [Text Block]
Note
6
– Earnings Per Share
 
Basic earnings per share is the amount of earnings available to each share of common stock outstanding during the reporting period and is equal to net income divided by the weighted average number of shares outstanding during the period.  Diluted earnings per share is the amount of earnings available to each share of common stock outstanding during the reporting period adjusted to include the effect of potentially dilutive common shares that
may
be issued upon the vesting of restricted stock awards. There were
1,786
and
2,863
shares of restricted stock that were anti-dilutive for the
three
- and
nine
-month periods ended
March 31, 2020. 
There were
7,121
and
999
shares of restricted stock that were anti-dilutive for the
three
and
nine
-month periods ended
March 31, 2019.
The following table details the calculation of basic and diluted earnings per share:
 
   
For the Three Months Ended
March 31
,
    
For the
Nine
Months Ended
March 31
,
  
   
20
20
    
201
9
    
20
20
    
201
9
  
Basic:
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
Net income available to common shareholders
   $
1,018
     $
1,035
     $
3,961
     $
4,557
  
Weighted average common shares outstanding
    
3,003,205
      
2,730,376
      
2,828,427
      
2,730,887
  
Basic income per share
   $
0.34
     $
0.38
     $
1.40
     $
1.67
  
Diluted:
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
Net income available to common shareholders
   $
1,018
     $
1,035
     $
3,961
     $
4,557
  
Weighted average common shares outstanding
    
3,003,205
      
2,730,376
      
2,828,427
      
2,730,887
  
Dilutive effect of restricted stock
    
—
      
—
      
—
      
—
  
Total common shares and dilutive potential common shares
    
3,003,205
      
2,730,376
      
2,828,427
      
2,730,887
  
Dilutive income per share
   $
0.34
     $
0.38
     $
1.40
     $
1.67
  
v3.20.1
Note 7 - Accumulated Other Comprehensive Income (Loss)
 9 Months Ended
Mar. 31, 2020
Notes to Financial Statements  
Comprehensive Income (Loss) Note [Text Block]
Note
7
–Accumulated Other Comprehensive Income
(Loss)
 
The components of other comprehensive income related to unrealized gains and losses on available-for-sale securities for the
three
and
nine
-month periods ended
March 31, 2020
and
2019,
were as follows:
 
   
Pretax
    
Tax Effect
    
After-tax
  
Affected Line
Item in
Consolidated
Statements of
Income
Balance as of December 31, 2019
   $
2,662
     $
(560
)
   $
2,102
  
 
Unrealized holding loss on available-for-sale securities arising during the period
    
1,900
      
(399
)
    
1,501
  
 
Amounts reclassified from accumulated other comprehensive income
    
(121
)
    
26
      
(95
)
(a)(b)
Net current period other comprehensive loss
    
1,779
      
(373
)
    
1,406
  
 
Balance as of March 31, 2020
   $
4,441
     $
(933
)
   $
3,508
  
 
                           
Balance as of December 31, 2018
   $
(1,735
)
   $
364
     $
(1,371
)
 
Unrealized holding gain on available-for-sale securities arising during the period
    
1,946
      
(410
)
    
1,536
  
 
Amounts reclassified from accumulated other comprehensive income
    
(1
)
    
—
      
(1
)
(a)(b)
Net current period other comprehensive income
    
1,945
      
(410
)
    
1,535
  
 
Balance as of March 31,2019
   $
210
     $
(46
)
   $
164
  
 
 
   
Pretax
    
Tax Effect
    
After-tax
  
Affected Line
Item in
Consolidated Statements of Income
Balance as of June 30, 2019
   $
1,982
     $
(416
)
   $
1,566
  
 
Unrealized holding gain on available-for-sale securities arising during the period
    
2,690
      
(566
)
    
2,124
  
 
Amounts reclassified from accumulated other comprehensive income
    
(231
)
    
49
      
(182
)
(a)(b)
Net current period other comprehensive income
    
2,459
      
(517
)
    
1,942
  
 
Balance as of March 31, 2020
   $
4,441
     $
(933
)
   $
3,508
  
 
                           
Balance as of June 30, 2018
   $
(2,069
)
   $
434
     $
(1,635
)
 
Unrealized holding gain on available-for-sale securities arising during the period
    
2,840
      
(598
)
    
2,242
  
 
Amounts reclassified from accumulated other comprehensive income
    
(561
)
    
118
      
(443
)
(a)(b)
Net current period other comprehensive income
    
2,279
      
(480
)
    
1,799
  
 
Balance after reclassification as of March 31, 2019
   $
210
     $
(46
)
   $
164
  
 
 
(a) Securities (gains) losses, net
(b) Income tax expense
v3.20.1
Note 8 - Revenue Recognition
 9 Months Ended
Mar. 31, 2020
Notes to Financial Statements  
Revenue from Contract with Customer [Text Block]
Note
8
– Revenue Recognition
 
On
July 1, 2018,
the Corporation adopted ASU
2014
-
09
"Revenue from Contracts with Customers" (Topic
606
) and all subsequent ASUs that modified Topic
606.
Interest income, net securities gains (losses), gains from the sale of mortgage loans and bank-owned life insurance are
not
included within the scope of Topic
606.
For the revenue streams in the scope of Topic
606,
service charges on deposits and electronic banking fees, there are
no
significant judgments related to the amount and timing of revenue recognition. All of the Corporation's revenue from contracts with customers is recognized within noninterest income.
 
Service charges on deposit
accounts
:
The Corporation earns fees from its deposit customers for transaction-based, account maintenance and overdraft services. Transaction-based fees, which include services such as stop payment charges, statement rendering and other fees, are recognized at the time the transaction is executed as that is the point in time the Corporation fulfills the customer's request. Account maintenance fees, which relate primarily to monthly maintenance, are earned over the course of a month, representing the period over which the Corporation satisfies the performance obligation. Overdraft fees are recognized at the point in time that the overdraft occurs. Service charges on deposits are withdrawn from the customer's account balance.
 
Interchange income:
The Corporation earns interchange income from cardholder transactions conducted through the various payment networks. Interchange income from cardholder transactions represent a percentage of the underlying transaction value and are recognized daily, concurrently with the transaction processing services provided to the cardholder. The gross amount of these fees is processed through noninterest income.
 
The following table presents the Corporation's sources of noninterest income for the
three
and
nine
months ended
March 31, 2020
and
2019.
 
   
For the three months ended
March 31,
    
For the nine months ended
March 31,
  
   
2020
    
2019
    
2020
    
2019
  
Noninterest income
                                
In scope of Topic 606:
                                
Service charges on deposit accounts
   $
355
     $
298
     $
1,088
     $
935
  
Debit card interchange income
    
367
      
338
      
1,142
      
1,065
  
Other income
    
78
      
66
      
543
      
196
  
                                 
Noninterest income (in scope of Topic 606)
    
800
      
702
      
2,773
      
2,196
  
Noninterest income (out-of-scope of Topic 606)
    
307
      
158
      
828
      
1,103
  
                                 
Total noninterest income
   $
1,107
     $
860
     $
3,601
     $
3,299
  
v3.20.1
Note 9 - Leases
 9 Months Ended
Mar. 31, 2020
Notes to Financial Statements  
Lessee, Operating Leases [Text Block]
Note
9
– Leases
 
Effective
July 1, 2019,
the Corporation adopted ASU
2016
-
02,
Leases (Topic
842
). As of
March 31, 2020,
the Corporation leases real estate for
six
office locations and various equipment under operating lease agreements. The lease agreements have maturity dates ranging from
one
year or less to
September 1, 2028,
including extension periods. Lease agreements for
four
locations have a lease term of
12
months or less and are therefore considered short-term leases and are exempt from Topic
842.
The weighted average remaining life of the lease term for the leases with a term over
12
months was
54.92
months as of
March
31,2020.
 
Costs associated with operating leases accounted for under Topic
842
were
$27
and
$82
for the
three
- and
nine
-month periods ended
March 31, 2020,
respectively. The costs of short-term leases were
$22
and
$66
for the
three
- and
nine
-month periods ended
March 31, 2020,
respectively. The right-of-use asset, included in premises and equipment, and lease liability, included in other liabilities, were
$500
as of
March 31, 2020.
 
Total estimated rental commitments for the operating leases within the scope of Topic
842
were as follows as of
March 31, 2020:
 
Period Ending June 30
        
2020
   $
27
  
2021
    
105
  
2022
    
95
  
2023
    
76
  
2024
    
51
  
Thereafter
    
146
  
Total
   $
500
  
v3.20.1
Note 10 - COVID-19
 9 Months Ended
Mar. 31, 2020
Notes to Financial Statements  
Effect of COVID-19 Pandemic [Text Block]
Note
10
–
COVID-
19
 
In
December 2019,
a novel strain of coronavirus surfaced in Wuhan, China, and has spread around the world, resulting in business and social disruption. The coronavirus was declared a Pandemic by the World Health Organization on
March 11, 2020.
The operations and business results of the Corporation could be materially adversely affected. The extent to which the coronavirus
may
impact business activity or investment results will depend on future developments, which are highly uncertain and cannot be predicted, including new information which
may
emerge concerning the severity of the coronavirus and the actions required to contain the coronavirus or treat its impact, among others. As a result of the economic shutdown engineered to slow down the spread of COVID-
19,
the ability of our customers to make payments on loans could be adversely impacted, resulting in elevated loan losses and an increase in the Corporation’s allowance for loan losses. Additionally, it is reasonably possible future evaluations of the carrying amount of goodwill could result in a conclusion that goodwill is impaired.
v3.20.1
Significant Accounting Policies (Policies)
 9 Months Ended
Mar. 31, 2020
Accounting Policies [Abstract]  
Nature of Operations [Policy Text Block]
Nature of Operations:
Consumers Bancorp, Inc. (the Corporation) is a bank holding company headquartered in Minerva, Ohio that provides, through its banking subsidiary, Consumers National Bank (the Bank), a broad array of products and services throughout its primary market area of Carroll, Columbiana, Jefferson, Stark, Summit, Wayne and contiguous counties in Ohio. The Bank’s business involves attracting deposits from businesses and individual customers and using such deposits to originate commercial, mortgage and consumer loans in its primary market area.
Basis of Accounting, Policy [Policy Text Block]
Basis of Presentation
: The consolidated financial statements for interim periods are unaudited and reflect all adjustments (consisting of only normal recurring adjustments), which, in the opinion of management, are necessary to present fairly the financial position and results of operations and cash flows for the periods presented. The unaudited financial statements are presented in accordance with the requirements of Form
10
-Q and do
not
include all disclosures normally required by accounting principles generally accepted in the United States of America. The financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in the Corporation’s Form
10
-K for the year ended
June 30, 2019.
The results of operations for the interim period disclosed herein are
not
necessarily indicative of the results that
may
be expected for a full year.
 
The consolidated financial statements include the accounts of the Corporation and the Bank. All significant inter-company transactions and accounts have been eliminated in consolidation.
Segment Reporting, Policy [Policy Text Block]
Segment Information:
The Corporation is a bank holding company engaged in the business of commercial and retail banking, which accounts for substantially all the revenues, operating income, and assets. Accordingly, all of the Corporation’s operations are recorded in
one
segment, banking.
Business Combinations Policy [Policy Text Block]
Acquisition:
At the date of acquisition the Corporation records the assets and liabilities of acquired companies on the Consolidated Balance Sheet at their fair value. The results of operations for acquired companies are included in the Corporation’s Consolidated Statements of Income beginning at the acquisition date. Expenses arising from acquisition activities are recorded in the Consolidated Statements of Income during the periods incurred.
Reclassification, Comparability Adjustment [Policy Text Block]
Reclassifications:
Certain items in prior financial statements have been reclassified to conform to the current presentation. Any reclassifications had
no
impact on prior year net income or shareholders’ equity.
New Accounting Pronouncements, Policy [Policy Text Block]
Adoption of New Accounting Standards
: In
February 2016,
FASB issued accounting standards update (ASU)
2016
-
02,
Leases (Topic
842
)
. This ASU requires all organizations that lease assets to recognize on the balance sheet the assets and liabilities for the rights and obligations created by those leases. Additional qualitative and quantitative disclosures are required so users can understand more about the nature of an entity’s leasing activities. The new guidance was effective for annual reporting periods, and interim reporting periods within those annual periods, beginning after
December 15, 2018.
The Corporation has several lease agreements, such as branch locations, which were previously considered operating leases, and therefore,
not
recognized on the Corporation’s consolidated condensed statements of financial condition. The new guidance requires these lease agreements to now be recognized on the consolidated condensed statements of financial condition as a right-of-use asset and a corresponding lease liability. As of
July 1, 2019,
the Corporation adopted ASU
2016
-
02
using the modified retrospective method. There was
no
cumulative-effect adjustment to the opening balance of retained earnings for the period of adoption. As of
March 31, 2020,
the Corporation had contractual operating lease commitments of
$500.
 
Recently Issued Accounting Pronouncements
Not
Yet Effective:
In
June 2016,
Financial Accounting Standards Board (FASB) issued ASU
2016
-
13,
Financial Instruments—Credit Losses (Topic
326
): Measurement of Credit Losses on Financial Instruments. This ASU adds a new Topic
326
to the codification and removes the thresholds that companies apply to measure credit losses on financial instruments measured at amortized cost, such as loans, receivables, and held-to-maturity debt securities. Under current U.S. generally accepted accounting principles, companies generally recognize credit losses when it is probable that the loss has been incurred. The revised guidance will remove all current loss recognition thresholds and will require companies to recognize an allowance for credit losses for the difference between the amortized cost basis of a financial instrument and the amount of amortized cost that the corporation expects to collect over the instrument’s contractual life. ASU
2016
-
13
also amends the credit loss measurement guidance for available-for-sale debt securities and beneficial interests in securitized financial assets. The guidance in ASU
2016
-
13
is effective for “public business entities,” as defined in the guidance, that are SEC filers for fiscal years and for interim periods within those fiscal years beginning after
December 15, 2019.
Early adoption of the guidance is permitted for fiscal years beginning after
December 15, 2018,
including interim periods within those fiscal years. However, during
July 2019,
FASB unanimously voted for a proposal to delay this ASU to
January 2023
for smaller reporting companies. On
October 16, 2019,
FASB approved a final ASU delaying the effective date. The new guidance is effective for annual and interim periods beginning after
December 15, 2022
for certain entities, including smaller reporting companies. The Corporation is a smaller reporting company.
v3.20.1
Note 2 - Acquisition (Tables)
 9 Months Ended
Mar. 31, 2020
Notes Tables  
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]
Consideration Paid
    
 
     $
10,405
  
Net assets acquired:
                
Cash and cash equivalents
   $
833
      
 
  
Certificates of deposit in other financial institutions
    
11,839
      
 
  
Securities, available-for-sale
    
4,051
      
 
  
Federal bank and other restricted stocks, at cost
    
154
      
 
  
Loans, net
    
55,320
      
 
  
Premises and equipment
    
818
      
 
  
Core deposit intangible
    
270
      
 
  
Accrued interest receivable and other assets
    
140
      
 
  
Noninterest-bearing deposits
    
(11,979
)
    
 
  
Interest-bearing deposits
    
(48,872
)
    
 
  
Federal funds purchased
    
(2,348
)
    
 
  
Federal Home Loan Bank advances
    
(491
)
    
 
  
Other liabilities
    
(166
)
    
 
  
Total net assets acquired
    
 
      
9,569
  
Goodwill
    
 
     $
836
  
v3.20.1
Note 3 - Securities (Tables)
 9 Months Ended
Mar. 31, 2020
Notes Tables  
Marketable Securities [Table Text Block]
 
Available –for-Sale
 
  
Amortized
Cost
   
Gross
Unrealized
Gains
   
Gross
Unrealized
Losses
   
Fair
Value
 
March
31, 20
20
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
U.S. Treasury
   $
1,747
     $
14
     $
—
     $
1,761
  
Obligations of U.S. government-sponsored entities and agencies
    
10,574
      
290
      
—
      
10,864
  
Obligations of state and political subdivisions
    
56,969
      
1,969
      
(5
)
    
58,933
  
U.S. Government-sponsored mortgage-backed securities–residential
    
55,248
      
1,822
      
(1
)
    
57,069
  
U.S. Government-sponsored mortgage-backed securities– commercial
    
1,397
      
6
    
——
      
1,403
  
U.S. Government-sponsored collateralized mortgage obligations– residential
    
9,007
      
346
      
—
      
9,353
  
Total available-for-sale securities
   $
134,942
     $
4,447
     $
(6
)
   $
139,383
  
Held-to-Maturity
 
  
Amortized
Cost
   
Gross
Unrecognized
Gains
   
Gross
Unrecognized Losses
   
Fair
Value
  
March
3
1
, 20
20
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
Obligations of state and political subdivisions
   $
3,580
     $
212
     $
—
     $
3,792
  
Total held-to-maturity securities
   $
3,580
     $
212
     $
—
     $
3,792
  
Available–for-Sale
  
Amortized
Cost
   
Gross
Unrealized
Gains
   
Gross
Unrealized
Losses
   
Fair
Value
 
June 30, 201
9
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
Obligations of U.S. government-sponsored entities and agencies
   $
19,227
     $
287
     $
(1
)
   $
19,513
  
Obligations of state and political subdivisions
    
56,405
      
1,557
      
(33
)
    
57,929
  
U.S. Government-sponsored mortgage-backed securities – residential
    
56,309
      
450
      
(448
)
    
56,311
  
U.S. Government-sponsored collateralized mortgage obligations – residential
    
10,087
      
198
      
(28
)
    
10,257
  
Total available-for-sale securities
   $
142,028
     $
2,492
     $
(510
)
   $
144,010
  
Held-to-Maturity
 
  
Amortized
Cost
   
Gross
Unrecognized
Gains
   
Gross
Unrecognized
Losses
   
Fair
Value
 
June 30, 201
9
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
Obligations of state and political subdivisions
   $
3,786
     $
35
     $
—
     $
3,821
  
Total held-to-maturity securities
   $
3,786
     $
35
     $
—
     $
3,821
  
Schedule of Realized Gain (Loss) [Table Text Block]
   
Three Months Ended
March 31,
    
Nine Months Ended
March 31,
  
   
2020
    
2019
    
2020
    
2019
  
Proceeds from sales
   $
5,731
     $
2,772
     $
11,841
     $
7,670
  
Gross realized gains
    
121
      
12
      
231
      
606
  
Gross realized losses
    
—
      
11
      
—
      
45
  
Investments Classified by Contractual Maturity Date [Table Text Block]
 
Available-for-Sale
  
Amortized
Cost
    
Estimated Fair
Value
  
Due in one year or less
   $
8,341
     $
8,401
  
Due after one year through five years
    
15,554
      
15,963
  
Due after five years through ten years
    
13,703
      
14,023
  
Due after ten years
    
31,692
      
33,171
  
Total
    
69,290
      
71,558
  
                 
U.S. Government-sponsored mortgage-backed and related securities
    
65,652
      
67,825
  
Total available-for-sale securities
   $
134,942
     $
139,383
  
                 
Held-to-Maturity
  
 
 
 
  
 
 
 
Due after five years through ten years
   $
412
     $
430
  
Due after ten years
    
3,168
      
3,362
  
Total held-to-maturity securities
   $
3,580
     $
3,792
  
Schedule of Unrealized Loss on Investments [Table Text Block]
   
Less than 12 Months
   
12 Months or more
   
Total
 
Available-for-sale
  
Fair
Value
   
Unrealized
Loss
   
Fair
Value
   
Unrealized
Loss
    
Fair
Value
   
Unrealized
Loss
  
March
3
1
, 20
20
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
Obligations of states and political subdivisions
   $
1,357
     $
(5
)
   $
—
     $
—
     $
1,357
     $
(5
)
U.S. Government-sponsored mortgage-backed securities – residential
    
—
      
—
      
648
      
(1
)
    
648
      
(1
)
Total temporarily impaired
   $
1,357
     $
(5
)
   $
648
     $
(1
)
   $
2,005
     $
(6
)
   
Less than 12 Months
   
12 Months or more
   
Total
 
Available-for-sale
  
Fair
Value
   
Unrealized
Loss
   
Fair
Value
   
Unrealized
Loss
    
Fair
Value
   
Unrealized
Loss
  
June 30, 201
9
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
Obligations of U.S. government-sponsored entities and agencies
   $
—
     $
—
     $
998
     $
(1
)
   $
998
     $
(1
)
Obligations of states and political subdivisions
    
—
      
—
      
5,201
      
(33
)
    
5,201
      
(33
)
U.S. Government-sponsored mortgage-backed securities – residential
    
—
      
—
      
36,362
      
(448
)
    
36,362
      
(448
)
U.S. Government-sponsored collateralized mortgage obligations - residential
    
—
      
—
      
3,277
      
(28
)
    
3,277
      
(28
)
Total temporarily impaired
   $
—
     $
—
     $
45,838
     $
(510
)
   $
45,838
     $
(510
)
v3.20.1
Note 4 - Loans (Tables)
 9 Months Ended
Mar. 31, 2020
Notes Tables  
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]
   
March 31,
2020
    
June 30,
2019
  
Commercial
   $
85,848
     $
80,453
  
Commercial real estate:
                
Construction
    
16,673
      
16,120
  
Other
    
229,329
      
195,269
  
1 – 4 Family residential real estate:
                
Owner occupied
    
87,631
      
55,941
  
Non-owner occupied
    
19,391
      
14,517
  
Construction
    
7,417
      
1,931
  
Consumer
    
21,563
      
5,150
  
Subtotal
    
467,852
      
369,381
  
Net Deferred loan fees and costs
    
(48
)
    
(206
)
Allowance for loan losses
    
(4,468
)
    
(3,788
)
Net Loans
   $
463,336
     $
365,387
  
Financing Receivable, Allowance for Credit Loss [Table Text Block]
                   
1-4 Family
                  
     
 
    
Commercial
    
Residential
      
 
      
 
  
     
 
    
Real
    
Real
      
 
      
 
  
   
Commercial
    
Estate
    
Estate
    
Consumer
    
Total
  
                                         
Allowance for loan losses:
                                        
Beginning balance
   $
766
     $
2,652
     $
615
     $
62
     $
4,095
  
Provision for loan losses
    
25
      
203
      
116
      
101
      
445
  
Loans charged-off
    
—
      
—
      
—
      
(91
)
    
(91
)
Recoveries
    
—
      
1
      
1
      
17
      
19
  
Total ending allowance balance
   $
791
     $
2,856
     $
732
     $
89
     $
4,468
  
                   
1-4 Family
                  
     
 
    
Commercial
    
Residential
      
 
      
 
  
     
 
    
Real
    
Real
      
 
      
 
  
   
Commercial
    
Estate
    
Estate
    
Consumer
    
Total
  
                                         
Allowance for loan losses:
                                        
Beginning balance
   $
660
     $
2,575
     $
494
     $
59
     $
3,788
  
Provision for loan losses
    
131
      
278
      
236
      
115
      
760
  
Loans charged-off
    
—
      
—
      
—
      
(114
)
    
(114
)
Recoveries
    
—
      
3
      
2
      
29
      
34
  
Total ending allowance balance
   $
791
     $
2,856
     $
732
     $
89
     $
4,468
  
                   
1-4 Family
                  
     
 
    
Commercial
    
Residential
      
 
      
 
  
     
 
    
Real
    
Real
      
 
      
 
  
   
Commercial
    
Estate
    
Estate
    
Consumer
    
Total
  
                                         
Allowance for loan losses:
                                        
Beginning balance
   $
622
     $
2,397
     $
496
     $
54
     $
3,569
  
Provision for loan losses
    
—
      
102
      
5
      
(2
)
    
105
  
Loans charged-off
    
—
      
(25
)
    
—
      
(9
)
    
(34
)
Recoveries
    
—
      
7
      
2
      
7
      
16
  
Total ending allowance balance
   $
622
     $
2,481
     $
503
     $
50
     $
3,656
  
                   
1-4 Family
                  
     
 
    
Commercial
    
Residential
      
 
      
 
  
     
 
    
Real
    
Real
      
 
      
 
  
   
Commercial
    
Estate
    
Estate
    
Consumer
    
Total
  
                                         
Allowance for loan losses:
                                        
Beginning balance
   $
586
     $
2,277
     $
499
     $
60
     $
3,422
  
Provision for loan losses
    
36
      
(591
)
    
(2
)
    
2
      
(555
)
Loans charged-off
    
—
      
(80
)
    
—
      
(30
)
    
(110
)
Recoveries
    
—
      
875
      
6
      
18
      
899
  
Total ending allowance balance
   $
622
     $
2,481
     $
503
     $
50
     $
3,656
  
                   
1-4 Family
                  
     
 
    
Commercial
    
Residential
      
 
      
 
  
     
 
    
Real
    
Real
      
 
      
 
  
   
Commercial
    
Estate
    
Estate
    
Consumer
    
Total
  
Allowance for loan losses:
                                        
Ending allowance balance attributable to loans:
                                        
Individually evaluated for impairment
   $
1
     $
8
     $
—
     $
—
     $
9
  
Acquired loans collectively evaluated for impairment
    
—
      
13
      
37
      
—
      
50
  
Originated loans collectively evaluated for impairment
    
790
      
2,835
      
695
      
89
      
4,409
  
Total ending allowance balance
   $
791
     $
2,856
     $
732
     $
89
     $
4,468
  
                                         
Recorded investment in loans:
                                        
Loans individually evaluated for impairment
   $
177
     $
1,063
     $
284
     $
—
     $
1,524
  
Acquired loans collectively evaluated for impairment
    
1,527
      
9,462
      
27,562
      
13,519
      
52,070
  
Originated loans collectively evaluated for impairment
    
84,275
      
235,513
      
87,363
      
8,104
      
415,255
  
Total ending loans balance
   $
85,979
     $
246,038
     $
115,209
     $
21,623
     $
468,849
  
                   
1-4 Family
                  
     
 
    
Commercial
    
Residential
      
 
      
 
  
     
 
    
Real
    
Real
      
 
      
 
  
   
Commercial
    
Estate
    
Estate
    
Consumer
    
Total
  
Allowance for loan losses:
                                        
Ending allowance balance attributable to loans:
                                        
Individually evaluated for impairment
   $
2
     $
7
     $
—
     $
—
     $
9
  
Collectively evaluated for impairment
    
658
      
2,568
      
494
      
59
      
3,779
  
Total ending allowance balance
   $
660
     $
2,575
     $
494
     $
59
     $
3,788
  
                                         
Recorded investment in loans:
                                        
Loans individually evaluated for impairment
   $
174
     $
658
     $
357
     $
—
     $
1,189
  
Loans collectively evaluated for impairment
    
80,413
      
210,709
      
72,591
      
5,164
      
368,877
  
Total ending loans balance
   $
80,587
     $
211,367
     $
72,948
     $
5,164
     $
370,066
  
Impaired Financing Receivables [Table Text Block]
   
As of March 31, 2020
    
Nine Months ended March 31, 2020
  
   
Unpaid
            
Allowance
for Loan
    
Average
    
Interest
    
Cash Basis
  
   
Principal
    
Recorded
    
Losses
    
Recorded
    
Income
    
Interest
  
   
Balance
    
Investment
    
Allocated
    
Investment
    
Recognized
    
Recognized
  
With no related allowance recorded:
                                                
Commercial
   $
21
     $
21
     $
—
     $
5
     $
—
     $
—
  
Commercial real estate:
                                                
Other
    
933
      
846
      
—
      
415
      
88
      
88
  
1-4 Family residential real estate:
                                                
Owner occupied
    
79
      
42
      
—
      
27
      
7
      
7
  
Non-owner occupied
    
288
      
242
      
—
      
251
      
—
      
—
  
With an allowance recorded:
                                                
Commercial
    
155
      
156
      
1
      
164
      
7
      
7
  
Commercial real estate:
                                                
Other
    
214
      
217
      
8
      
218
      
10
      
10
  
Total
   $
1,690
     $
1,524
     $
9
     $
1,080
     $
112
     $
112
  
   
Average
    
Interest
    
Cash Basis
    
   
Recorded
    
Income
    
Interest
    
   
Investment
    
Recognized
    
Recognized
    
With no related allowance recorded:
                          
Commercial
   $
14
     $
—
     $
—
    
Commercial real estate:
                          
Other
    
641
      
1
      
1
    
1-4 Family residential real estate:
                          
Owner occupied
    
31
      
—
      
—
    
Non-owner occupied
    
244
      
—
      
—
    
With an allowance recorded:
                          
Commercial
    
158
      
2
      
2
    
Commercial real estate:
                          
Other
    
216
      
4
      
4
    
Total
   $
1,304
     $
7
     $
7
    
   
As of June 30, 2019
    
Nine Months ended March 31, 2019
  
   
Unpaid
            
Allowance
for Loan
    
Average
    
Interest
    
Cash Basis
  
   
Principal
    
Recorded
    
Losses
    
Recorded
    
Income
    
Interest
  
   
Balance
    
Investment
    
Allocated
    
Investment
    
Recognized
    
Recognized
  
With no related allowance recorded:
                                                
Commercial
   $
—
     $
—
     $
—
     $
100
     $
5
     $
5
  
Commercial real estate:
                                                
Other
    
580
      
436
      
—
      
1,176
      
28
      
28
  
1-4 Family residential real estate:
                                                
Owner occupied
    
124
      
93
      
—
      
98
      
—
      
—
  
Non-owner occupied
    
297
      
264
      
—
      
283
      
—
      
—
  
With an allowance recorded:
                                                
Commercial real estate:
                                                
Other
    
221
      
222
      
7
      
227
      
10
      
10
  
Commercial
    
173
      
174
      
2
      
—
      
—
      
—
  
Total
   $
1,395
     $
1,189
     $
9
     $
1,884
     $
43
     $
43
  
   
Average
    
Interest
    
Cash Basis
    
   
Recorded
    
Income
    
Interest
    
   
Investment
    
Recognized
    
Recognized
    
With no related allowance recorded:
                          
Commercial
   $
116
     $
2
     $
2
    
Commercial real estate:
                          
Other
    
1,019
      
9
      
9
    
1-4 Family residential real estate:
                          
Owner occupied
    
96
      
—
      
—
    
Non-owner occupied
    
275
      
—
      
—
    
With an allowance recorded:
                          
Commercial real estate:
                          
Other
    
224
      
3
      
3
    
Total
   $
1,730
     $
14
     $
14
    
Financing Receivable, Past Due [Table Text Block]
   
March 31, 2020
    
June 30, 2019
  
           
Loans Past Due
            
Loans Past Due
  
           
Over 90 Days
            
Over 90 Days
  
           
Still
            
Still
  
   
Non-accrual
    
Accruing
    
Non-accrual
    
Accruing
  
Commercial
   $
22
     $
—
     $
—
     $
—
  
Commercial real estate:
                                
Other
    
797
      
—
      
436
      
—
  
1 – 4 Family residential:
                                
Owner occupied
    
36
      
—
      
85
      
—
  
Non-owner occupied
    
242
      
—
      
264
      
—
  
Consumer
    
—
      
13
      
—
      
—
  
Total
   $
1,097
     $
13
     $
785
     $
—
  
   
Days Past Due
                          
   
30 - 59
    
60 - 89
    
90 Days or
    
Total
    
Loans Not
          
   
Days
    
Days
    
Greater
    
Past Due
    
Past Due
    
Total
  
Commercial
   $
—
     $
21
     $
—
     $
21
     $
85,958
     $
85,979
  
Commercial real estate:
                                                
Construction
    
—
      
—
      
—
      
—
      
16,656
      
16,656
  
Other
    
1,126
      
4
      
628
      
1,758
      
227,624
      
229,382
  
1-4 Family residential:
                                                
Owner occupied
    
722
      
15
      
35
      
772
      
87,538
      
88,310
  
Non-owner occupied
    
—
      
—
      
—
      
—
      
19,402
      
19,402
  
Construction
    
—
      
—
      
—
      
—
      
7,497
      
7,497
  
Consumer
    
248
      
62
      
13
      
323
      
21,300
      
21,623
  
Total
   $
2,096
     $
102
     $
676
     $
2,874
     $
465,975
     $
468,849
  
   
Days Past Due
                          
    30 - 59     60 - 89    
90 Days or
    
Total
    
Loans Not
          
   
Days
    
Days
    
Greater
    
Past Due
    
Past Due
    
Total
  
Commercial
   $
—
     $
—
     $
—
     $
—
     $
80,587
     $
80,587
  
Commercial real estate:
                                                
Construction
    
—
      
—
      
—
      
—
      
16,075
      
16,075
  
Other
    
199
      
—
      
—
      
199
      
195,093
      
195,292
  
1-4 Family residential:
                                                
Owner occupied
    
40
      
—
      
80
      
120
      
56,347
      
56,467
  
Non-owner occupied
    
—
      
—
      
—
      
—
      
14,518
      
14,518
  
Construction
    
—
      
—
      
—
      
—
      
1,963
      
1,963
  
Consumer
    
1
      
—
      
—
      
1
      
5,163
      
5,164
  
Total
   $
240
     $
—
     $
80
     $
320
     $
369,746
     $
370,066
  
Financing Receivable, Troubled Debt Restructuring [Table Text Block]
           
Pre-Modification
    
Post-Modification
  
   
Number of
    
Outstanding Recorded
    
Outstanding Recorded
  
   
Loans
    
Investment
    
Investment
  
Commercial real estate:
                        
Other
    
1
     $
161
     $
59
  
Total
    
1
     $
161
     $
59
  
Financing Receivable Credit Quality Indicators [Table Text Block]
   
As of March 31, 2020
  
           
Special
                    
Not
  
   
Pass
    
Mention
    
Substandard
    
Doubtful
    
Rated
  
Commercial
   $
81,123
     $
186
     $
4,348
     $
21
     $
301
  
Commercial real estate:
                                        
Construction
    
16,656
      
—
      
—
      
—
      
—
  
Other
    
219,075
      
2,573
      
5,205
      
797
      
1,732
  
1-4 Family residential real estate:
                                        
Owner occupied
    
1,971
      
—
      
334
      
2
      
86,003
  
Non-owner occupied
    
18,444
      
190
      
229
      
242
      
297
  
Construction
    
1,683
      
—
      
—
      
—
      
5,814
  
Consumer
    
76
      
—
      
—
      
—
      
21,547
  
Total
   $
339,028
     $
2,949
     $
10,116
     $
1,062
     $
115,694
  
   
As of June 30, 2019
  
           
Special
                    
Not
  
   
Pass
    
Mention
    
Substandard
    
Doubtful
    
Rated
  
Commercial
   $
74,393
     $
4,942
     $
1,012
     $
—
     $
240
  
Commercial real estate:
                                        
Construction
    
16,075
      
—
      
—
      
—
      
—
  
Other
    
179,952
      
8,071
      
5,337
      
436
      
1,496
  
1-4 Family residential real estate:
                                        
Owner occupied
    
2,245
      
—
      
24
      
5
      
54,193
  
Non-owner occupied
    
13,413
      
205
      
318
      
263
      
319
  
Construction
    
—
      
—
      
—
      
—
      
1,963
  
Consumer
    
32
      
—
      
—
      
—
      
5,132
  
Total
   $
286,110
     $
13,218
     $
6,691
     $
704
     $
63,343
  
v3.20.1
Note 5 - Fair Value (Tables)
 9 Months Ended
Mar. 31, 2020
Notes Tables  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]
           
Fair Value Measurements at
March 31, 2020 Using
  
   
Balance at
March 31,
2020
    
Level 1
    
Level 2
    
Level 3
  
Assets:
                                
U.S. Treasury
   $
1,761
     $
—
     $
1,761
     $
—
  
Obligations of U.S. government-sponsored entities and agencies
    
10,864
      
—
      
10,864
      
—
  
Obligations of states and political subdivisions
    
58,933
      
—
      
58,933
      
—
  
U.S. Government-sponsored mortgage-backed securities – residential
    
57,069
      
—
      
57,069
      
—
  
U.S. Government-sponsored mortgage-backed securities – commercial
    
1,403
      
—
      
1,403
      
—
  
U.S. Government-sponsored collateralized mortgage obligations - residential
    
9,353
      
—
      
9,353
      
—
  
           
Fair Value Measurements at
June 30, 2019 Using
  
   
Balance at
June 30,
2019
    
Level 1
    
Level 2
    
Level 3
  
Assets:
                                
Securities available-for-sale:
                                
Obligations of government-sponsored entities
   $
19,513
     $
—
     $
19,513
     $
—
  
Obligations of states and political subdivisions
    
57,929
      
—
      
57,929
      
—
  
U.S. Government-sponsored mortgage-backed securities - residential
    
56,311
      
—
      
56,311
      
—
  
U.S. Government-sponsored collateralized mortgage obligations
    
10,257
      
—
      
10,257
      
—
  
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis, Valuation Techniques [Table Text Block]
           
Fair Value Measurements at
June 30, 2019 Using
  
   
Balance at
June 30, 2019
    
Level 1
    
Level 2
    
Level 3
  
Impaired loans:
                                
Commercial Real Estate – Other
   $
59
     $
—
     $
—
     $
59
  
Fair Value Measurement Inputs and Valuation Techniques [Table Text Block]
June 30, 2019
  
Fair Value
  
Valuation
Technique
  
Unobservable
Inputs
    
Range
    
Weighted
Average
 
Impaired loans:
                                  
Commercial Real Estate – Other
   $
59
  
Settlement Agreement
    
N/A
      
0.0
%
    
0.0
%
Fair Value, by Balance Sheet Grouping [Table Text Block]
   
March
31
, 20
20
    
June 30, 201
9
  
   
Carrying
Amount
   
Estimated
Fair
Value
   
Carrying
Amount
   
Estimated
Fair
Value
 
Financial Assets:
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
Level 1 inputs:
                                
Cash and cash equivalents
   $
12,544
     $
12,544
     $
9,461
     $
9,461
  
Level 2 inputs:
                                
Certificates of deposits in other financial institutions
    
11,908
      
11,964
      
1,983
      
1,983
  
Loans held for sale
    
1,830
      
1,869
      
1,657
      
1,687
  
Accrued interest receivable
    
1,861
      
1,861
      
1,607
      
1,607
  
Level 3 inputs:
                                
Securities held-to-maturity
    
3,580
      
3,792
      
3,786
      
3,821
  
Loans, net
    
463,336
      
471,410
      
365,387
      
366,911
  
Financial Liabilities:
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
Level 2 inputs:
                                
Demand and savings deposits
    
434,440
      
434,440
      
359,969
      
359,969
  
Time deposits
    
128,582
      
129,502
      
112,205
      
112,841
  
Short-term borrowings
    
6,386
      
6,386
      
3,686
      
3,686
  
Federal Home Loan Bank advances
    
27,079
      
27,130
      
22,700
      
22,596
  
Accrued interest payable
    
157
      
157
      
132
      
132
  
v3.20.1
Note 6 - Earnings Per Share (Tables)
 9 Months Ended
Mar. 31, 2020
Notes Tables  
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]
   
For the Three Months Ended
March 31
,
    
For the
Nine
Months Ended
March 31
,
  
   
20
20
    
201
9
    
20
20
    
201
9
  
Basic:
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
Net income available to common shareholders
   $
1,018
     $
1,035
     $
3,961
     $
4,557
  
Weighted average common shares outstanding
    
3,003,205
      
2,730,376
      
2,828,427
      
2,730,887
  
Basic income per share
   $
0.34
     $
0.38
     $
1.40
     $
1.67
  
Diluted:
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
Net income available to common shareholders
   $
1,018
     $
1,035
     $
3,961
     $
4,557
  
Weighted average common shares outstanding
    
3,003,205
      
2,730,376
      
2,828,427
      
2,730,887
  
Dilutive effect of restricted stock
    
—
      
—
      
—
      
—
  
Total common shares and dilutive potential common shares
    
3,003,205
      
2,730,376
      
2,828,427
      
2,730,887
  
Dilutive income per share
   $
0.34
     $
0.38
     $
1.40
     $
1.67
  
v3.20.1
Note 7 - Accumulated Other Comprehensive Income (Loss) (Tables)
 9 Months Ended
Mar. 31, 2020
Notes Tables  
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]
   
Pretax
    
Tax Effect
    
After-tax
  
Affected Line
Item in
Consolidated
Statements of
Income
Balance as of December 31, 2019
   $
2,662
     $
(560
)
   $
2,102
  
 
Unrealized holding loss on available-for-sale securities arising during the period
    
1,900
      
(399
)
    
1,501
  
 
Amounts reclassified from accumulated other comprehensive income
    
(121
)
    
26
      
(95
)
(a)(b)
Net current period other comprehensive loss
    
1,779
      
(373
)
    
1,406
  
 
Balance as of March 31, 2020
   $
4,441
     $
(933
)
   $
3,508
  
 
                           
Balance as of December 31, 2018
   $
(1,735
)
   $
364
     $
(1,371
)
 
Unrealized holding gain on available-for-sale securities arising during the period
    
1,946
      
(410
)
    
1,536
  
 
Amounts reclassified from accumulated other comprehensive income
    
(1
)
    
—
      
(1
)
(a)(b)
Net current period other comprehensive income
    
1,945
      
(410
)
    
1,535
  
 
Balance as of March 31,2019
   $
210
     $
(46
)
   $
164
  
 
   
Pretax
    
Tax Effect
    
After-tax
  
Affected Line
Item in
Consolidated Statements of Income
Balance as of June 30, 2019
   $
1,982
     $
(416
)
   $
1,566
  
 
Unrealized holding gain on available-for-sale securities arising during the period
    
2,690
      
(566
)
    
2,124
  
 
Amounts reclassified from accumulated other comprehensive income
    
(231
)
    
49
      
(182
)
(a)(b)
Net current period other comprehensive income
    
2,459
      
(517
)
    
1,942
  
 
Balance as of March 31, 2020
   $
4,441
     $
(933
)
   $
3,508
  
 
                           
Balance as of June 30, 2018
   $
(2,069
)
   $
434
     $
(1,635
)
 
Unrealized holding gain on available-for-sale securities arising during the period
    
2,840
      
(598
)
    
2,242
  
 
Amounts reclassified from accumulated other comprehensive income
    
(561
)
    
118
      
(443
)
(a)(b)
Net current period other comprehensive income
    
2,279
      
(480
)
    
1,799
  
 
Balance after reclassification as of March 31, 2019
   $
210
     $
(46
)
   $
164
  
 
v3.20.1
Note 8 - Revenue Recognition (Tables)
 9 Months Ended
Mar. 31, 2020
Notes Tables  
Disaggregation of Revenue [Table Text Block]
   
For the three months ended
March 31,
    
For the nine months ended
March 31,
  
   
2020
    
2019
    
2020
    
2019
  
Noninterest income
                                
In scope of Topic 606:
                                
Service charges on deposit accounts
   $
355
     $
298
     $
1,088
     $
935
  
Debit card interchange income
    
367
      
338
      
1,142
      
1,065
  
Other income
    
78
      
66
      
543
      
196
  
                                 
Noninterest income (in scope of Topic 606)
    
800
      
702
      
2,773
      
2,196
  
Noninterest income (out-of-scope of Topic 606)
    
307
      
158
      
828
      
1,103
  
                                 
Total noninterest income
   $
1,107
     $
860
     $
3,601
     $
3,299
  
v3.20.1
Note 9 - Leases (Tables)
 9 Months Ended
Mar. 31, 2020
Notes Tables  
Lessee, Operating Lease, Liability, Maturity [Table Text Block]
Period Ending June 30
        
2020
   $
27
  
2021
    
105
  
2022
    
95
  
2023
    
76
  
2024
    
51
  
Thereafter
    
146
  
Total
   $
500
  
v3.20.1
Note 1 - Summary of Significant Accounting Policies (Details Textual)
$ in Thousands
 9 Months Ended
Mar. 31, 2020
USD ($)
Dec. 31, 2019
USD ($)
Jul. 01, 2019
USD ($)
Jun. 30, 2019
USD ($)
Mar. 31, 2019
USD ($)
Dec. 31, 2018
USD ($)
Jun. 30, 2018
USD ($)
Number of Reportable Segments 1            
Cumulative Effect of New Accounting Principle in Period of Adoption $ 61,328 $ 54,036   $ 51,166 $ 49,111 $ 46,896 $ 43,761
Operating Leases, Future Minimum Payments Due, Total 500            
Retained Earnings [Member]              
Cumulative Effect of New Accounting Principle in Period of Adoption $ 39,300 $ 38,691   $ 36,487 $ 35,834 $ 35,154 $ 32,342
Accounting Standards Update 2016-02 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | Retained Earnings [Member]              
Cumulative Effect of New Accounting Principle in Period of Adoption     $ 0        
v3.20.1
Note 2 - Acquisition (Details Textual) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended 9 Months Ended
Jan. 01, 2020
Mar. 31, 2020
Dec. 31, 2019
Mar. 31, 2020
Mar. 31, 2019
Core Deposits [Member]          
Finite-Lived Intangible Asset, Useful Life (Year)     10 years    
Peoples Bancorp of Mt. Pleasant, Inc. [Member]          
Business Combination, Consideration Transferred, Total $ 10,405     $ 10,405
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares (in shares) 269,920        
Payments to Acquire Businesses, Gross $ 5,128        
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets, Total   $ 73,428 $ 72,016 73,428
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Loans     55,273    
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deposits     $ 60,826    
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Loans, Credit-related Adjustment (890)        
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Loans, Non-credit-related Adjustments $ 937        
Business Combination, Acquisition Related Costs   $ 433   $ 755  
v3.20.1
Note 2 - Acquisition - Assets Acquired and Liabilities Assumed (Details) - USD ($)
$ in Thousands
 9 Months Ended
Jan. 01, 2020
Mar. 31, 2020
Mar. 31, 2019
Jun. 30, 2019
Goodwill   $ 836  
Peoples Bancorp of Mt. Pleasant, Inc. [Member]        
Business Combination, Consideration Transferred, Total $ 10,405 10,405  
Cash and cash equivalents 833      
Certificates of deposit in other financial institutions 11,839 11,839  
Securities, available-for-sale 4,051 4,051  
Federal bank and other restricted stocks, at cost 154 154  
Loans, net 55,320 55,320  
Premises and equipment 818 818  
Core deposit intangible 270 270  
Accrued interest receivable and other assets 140 140  
Noninterest-bearing deposits (11,979)      
Interest-bearing deposits (48,872)      
Federal funds purchased (2,348) (2,348)  
Federal Home Loan Bank advances (491) (491)  
Other liabilities (166) (166)  
Total net assets acquired 9,569 9,572  
Goodwill $ 836 $ 836  
v3.20.1
Note 3 - Securities (Details Textual) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Mar. 31, 2020
Mar. 31, 2020
Mar. 31, 2019
Available-for-sale Securities Income Tax Provision on Gross Realized Gains $ 26 $ 49 $ 118
v3.20.1
Note 3 - Securities - Amortized Cost and Fair Value of Securities Available-for-sale and Securities Held-to-maturity (Details) - USD ($)
$ in Thousands
Mar. 31, 2020
Jun. 30, 2019
Available-for-sale securities, amortized cost $ 134,942 $ 142,028
Available-for-sale securities, gross unrealized gains 4,447 2,492
Available-for-sale securities, gross unrealized losses (6) (510)
Available-for-sale securities, fair value 139,383 144,010
Held-to-maturity, amortized cost 3,580 3,786
Held-to-maturity, gross unrecognized gains 212 35
Held-to-maturity, gross unrecognized losses
Held-to-maturity, fair value 3,792 3,821
US Treasury Securities [Member]    
Available-for-sale securities, amortized cost 1,747  
Available-for-sale securities, gross unrealized gains 14  
Available-for-sale securities, gross unrealized losses  
Available-for-sale securities, fair value 1,761  
US States and Political Subdivisions Debt Securities [Member]    
Available-for-sale securities, amortized cost 56,969 56,405
Available-for-sale securities, gross unrealized gains 1,969 1,557
Available-for-sale securities, gross unrealized losses (5) (33)
Available-for-sale securities, fair value 58,933 57,929
Held-to-maturity, amortized cost 3,580 3,786
Held-to-maturity, gross unrecognized gains 212 35
Held-to-maturity, gross unrecognized losses
Held-to-maturity, fair value 3,792 3,821
US Government-sponsored Enterprises Debt Securities [Member]    
Available-for-sale securities, amortized cost 10,574 19,227
Available-for-sale securities, gross unrealized gains 290 287
Available-for-sale securities, gross unrealized losses (1)
Available-for-sale securities, fair value 10,864 19,513
Residential Mortgage Backed Securities [Member]    
Available-for-sale securities, amortized cost 55,248 56,309
Available-for-sale securities, gross unrealized gains 1,822 450
Available-for-sale securities, gross unrealized losses (1) (448)
Available-for-sale securities, fair value 57,069 56,311
Collateralized Mortgage Obligations [Member]    
Available-for-sale securities, amortized cost 9,007 10,087
Available-for-sale securities, gross unrealized gains 346 198
Available-for-sale securities, gross unrealized losses (28)
Available-for-sale securities, fair value 9,353 $ 10,257
Commercial Mortgage Backed Securities [Member]    
Available-for-sale securities, amortized cost 1,397  
Available-for-sale securities, gross unrealized gains 6  
Available-for-sale securities, gross unrealized losses  
Available-for-sale securities, fair value $ 1,403  
v3.20.1
Note 3 - Securities - Proceeds From Sales and Calls of Available-for-sale Securities (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Mar. 31, 2020
Mar. 31, 2019
Proceeds from sales $ 5,731 $ 2,772 $ 11,841 $ 7,670
Gross realized gains 121 12 231 606
Gross realized losses $ 11 $ 45
v3.20.1
Note 3 - Securities - Amortized Cost and Fair Values of Debt Securities by Contractual Maturity (Details) - USD ($)
$ in Thousands
Mar. 31, 2020
Jun. 30, 2019
Available-for-sale Securities, Debt Maturities, Next Twelve Months, Amortized Cost Basis $ 8,341  
Available-for-sale Securities, Debt Maturities, Next Twelve Months, Fair Value 8,401  
Available-for-sale Securities, Debt Maturities, Year Two Through Five, Amortized Cost Basis 15,554  
Available-for-sale Securities, Debt Maturities, Year Two Through Five, Fair Value 15,963  
Available-for-sale Securities, Debt Maturities, Year Six Through Ten, Amortized Cost Basis 13,703  
Available-for-sale Securities, Debt Maturities, Year Six Through Ten, Fair Value 14,023  
Available-for-sale Securities, Debt Maturities, after Ten Years, Amortized Cost Basis 31,692  
Available-for-sale Securities, Debt Maturities, after Ten Years, Fair Value 33,171  
Available-for-sale Securities, Debt Maturities, Single Maturity Date, Amortized Cost Basis 69,290  
Available-for-sale Securities, Debt Maturities, Single Maturity Date 71,558  
Total available-for-sale securities, Amortized Cost Basis 134,942 $ 142,028
Total available-for-sale securities 139,383 144,010
Held-to-maturity Securities, Debt Maturities, after Five Through Ten Years, Net Carrying Amount 412  
Held-to-maturity Securities, Debt Maturities, Year Five Through Ten Years, Fair Value 430  
Held-to-maturity Securities, Debt Maturities, after Ten Years, Net Carrying Amount 3,168  
Held-to-maturity Securities, Debt Maturities, after Ten Years, Fair Value 3,362  
Held-to-maturity Securities 3,580 3,786
Total held-to-maturity securities, Fair Value 3,792 $ 3,821
U.S. Government-sponsored Mortgage-backed and Related Securities [Member]    
Available-for-sale Securities, Debt Maturities, without Single Maturity Date, Amortized Cost Basis 65,652  
Available-for-sale Securities, Debt Maturities, without Single Maturity Date, Fair Value $ 67,825  
v3.20.1
Note 3 - Securities - Securities With Unrealized and Unrecognized Losses (Details) - USD ($)
$ in Thousands
Mar. 31, 2020
Jun. 30, 2019
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value $ 1,357
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Loss (5)
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value 648 45,838
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Loss (1) (510)
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value 2,005 45,838
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss (6) (510)
US States and Political Subdivisions Debt Securities [Member]    
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value 1,357
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Loss (5)
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value 5,201
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Loss (33)
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value 1,357 5,201
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss (5) (33)
US Government-sponsored Enterprises Debt Securities [Member]    
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value  
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Loss  
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value   998
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Loss   (1)
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value   998
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss   (1)
Residential Mortgage Backed Securities [Member]    
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Loss
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value 648 36,362
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Loss (1) (448)
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value 648 36,362
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss $ (1) (448)
Collateralized Debt Obligations [Member]    
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value  
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Loss  
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value   3,277
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Loss   (28)
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value   3,277
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss   $ (28)
v3.20.1
Note 4 - Loans (Details Textual)
$ in Thousands
 3 Months Ended 9 Months Ended
Mar. 31, 2020
USD ($)
Dec. 31, 2019
USD ($)
Mar. 31, 2019
Mar. 31, 2020
USD ($)
Mar. 31, 2019
USD ($)
Jun. 30, 2019
USD ($)
Interest Receivable $ 1,045     $ 1,045   $ 891
Financing Receivable, Nonaccrual 1,097     1,097   785
Financing Receivable, Troubled Debt Restructuring 673     673   725
Financing Receivable, Troubled Debt Restructuring, Commitment to Lend 0     0   9
Troubled Debt Restructuring, Debtor, Subsequent Periods, Contingent Payments, Amount, Total $ 9     $ 9   9
Financing Receivable, Modifications, Number of Contracts 0     0 1  
Financing Receivables, Impaired, Troubled Debt Restructuring, Write-down   $ 0   $ 0 $ 80  
Financing Receivable, Troubled Debt Restructuring, Subsequent Default, Number of Contracts 0   0 0 0  
Threshold Amount of Loans Outstanding to Perform Credit Analysis $ 100     $ 100    
Non-accrual Loans [Member]            
Financing Receivable, Nonaccrual 407     407   507
Commercial Portfolio Segment [Member]            
Financing Receivable, Nonaccrual $ 22     $ 22  
Financing Receivable, Number of Loans Deferred Under Loan Modification Program 32     32    
Financing Receivable, Deferred Payments $ 16,116     $ 16,116    
Residential Portfolio Segment [Member]            
Financing Receivable, Number of Loans Deferred Under Loan Modification Program 5     5    
Financing Receivable, Deferred Payments $ 307     $ 307    
Consumer Portfolio Segment [Member]            
Financing Receivable, Nonaccrual      
Financing Receivable, Number of Loans Deferred Under Loan Modification Program 16     16    
Financing Receivable, Deferred Payments $ 252     $ 252    
Financial Asset, 30 to 59 Days Past Due [Member]            
Financing Receivable, Nonaccrual 27     27   198
Financial Asset, Equal to or Greater than 90 Days Past Due [Member]            
Financing Receivable, Nonaccrual $ 663     $ 663   $ 80
v3.20.1
Note 4 - Loans - Major Classifications (Details) - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Jun. 30, 2019
Mar. 31, 2019
Dec. 31, 2018
Jun. 30, 2018
Loans Receivable, Gross $ 467,852   $ 369,381      
Net Deferred loan fees and costs (48)   (206)      
Allowance for loan losses (4,468) $ (4,095) (3,788) $ (3,656) $ (3,569) $ (3,422)
Net Loans 463,336   365,387      
Commercial Portfolio Segment [Member]            
Loans Receivable, Gross 85,848   80,453      
Allowance for loan losses (791) (766) (660) (622) (622) (586)
Commercial Real Estate Portfolio Segment [Member]            
Allowance for loan losses (2,856) (2,652) (2,575) (2,481) (2,397) (2,277)
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member]            
Loans Receivable, Gross 16,673   16,120      
Commercial Real Estate Portfolio Segment [Member] | Other Commercial Real Estate Loans [Member]            
Loans Receivable, Gross 229,329   195,269      
Residential Portfolio Segment [Member]            
Allowance for loan losses (732) (615) (494) (503) (496) (499)
Residential Portfolio Segment [Member] | Construction Loans [Member]            
Loans Receivable, Gross 7,417   1,931      
Residential Portfolio Segment [Member] | Residential Real Estate Owner Occupied Loans [Member]            
Loans Receivable, Gross 87,631   55,941      
Residential Portfolio Segment [Member] | Residential Real Estate Non-owner Occupied Loans [Member]            
Loans Receivable, Gross 19,391   14,517      
Consumer Portfolio Segment [Member]            
Loans Receivable, Gross 21,563   5,150      
Allowance for loan losses $ (89) $ (62) $ (59) $ (50) $ (54) $ (60)
v3.20.1
Note 4 - Loans - Allowance for Loan Losses by Portfolio Segment (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Mar. 31, 2020
Mar. 31, 2019
Mar. 31, 2020
Jun. 30, 2019
Beginning balance $ 4,095 $ 3,569 $ 3,788 $ 3,422    
Provision for loan losses 445 105 760 (555)    
Loans charged-off (91) (34) (114) (110)    
Recoveries 19 16 34 899    
Total ending allowance balance 4,468 3,656 4,468 3,656    
Individually evaluated for impairment         $ 9 $ 9
Collectively evaluated for impairment           3,779
Total ending allowance balance 4,095 3,656 3,788 3,422 4,468 3,788
Loans individually evaluated for impairment         1,524 1,189
Loans collectively evaluated for impairment           368,877
Total ending loans balance         468,849 370,066
Financial Asset Acquired [Member]            
Collectively evaluated for impairment         50  
Loans collectively evaluated for impairment         52,070  
Financial Asset Originated [Member]            
Collectively evaluated for impairment         4,409  
Loans collectively evaluated for impairment         415,255  
Commercial Portfolio Segment [Member]            
Beginning balance 766 622 660 586    
Provision for loan losses 25 131 36    
Loans charged-off    
Recoveries    
Total ending allowance balance 791 622 791 622    
Individually evaluated for impairment         1 2
Collectively evaluated for impairment           658
Total ending allowance balance 791 622 660 586 791 660
Loans individually evaluated for impairment         177 174
Loans collectively evaluated for impairment           80,413
Total ending loans balance         85,979 80,587
Commercial Portfolio Segment [Member] | Financial Asset Acquired [Member]            
Collectively evaluated for impairment          
Loans collectively evaluated for impairment         1,527  
Commercial Portfolio Segment [Member] | Financial Asset Originated [Member]            
Collectively evaluated for impairment         790  
Loans collectively evaluated for impairment         84,275  
Commercial Real Estate Portfolio Segment [Member]            
Beginning balance 2,652 2,397 2,575 2,277    
Provision for loan losses 203 102 278 (591)    
Loans charged-off (25) (80)    
Recoveries 1 7 3 875    
Total ending allowance balance 2,856 2,481 2,856 2,481    
Individually evaluated for impairment         8 7
Collectively evaluated for impairment           2,568
Total ending allowance balance 2,856 2,481 2,575 2,277 2,856 2,575
Loans individually evaluated for impairment         1,063 658
Loans collectively evaluated for impairment           210,709
Total ending loans balance         246,038 211,367
Commercial Real Estate Portfolio Segment [Member] | Financial Asset Acquired [Member]            
Collectively evaluated for impairment         13  
Loans collectively evaluated for impairment         9,462  
Commercial Real Estate Portfolio Segment [Member] | Financial Asset Originated [Member]            
Collectively evaluated for impairment         2,835  
Loans collectively evaluated for impairment         235,513  
Residential Portfolio Segment [Member]            
Beginning balance 615 496 494 499    
Provision for loan losses 116 5 236 (2)    
Loans charged-off    
Recoveries 1 2 2 6    
Total ending allowance balance 732 503 732 503    
Individually evaluated for impairment        
Collectively evaluated for impairment           494
Total ending allowance balance 732 503 494 499 732 494
Loans individually evaluated for impairment         284 357
Loans collectively evaluated for impairment           72,591
Total ending loans balance         115,209 72,948
Residential Portfolio Segment [Member] | Financial Asset Acquired [Member]            
Collectively evaluated for impairment         37  
Loans collectively evaluated for impairment         27,562  
Residential Portfolio Segment [Member] | Financial Asset Originated [Member]            
Collectively evaluated for impairment         695  
Loans collectively evaluated for impairment         87,363  
Consumer Portfolio Segment [Member]            
Beginning balance 62 54 59 60    
Provision for loan losses 101 (2) 115 2    
Loans charged-off (91) (9) (114) (30)    
Recoveries 17 7 29 18    
Total ending allowance balance 89 50 89 50    
Individually evaluated for impairment        
Collectively evaluated for impairment           59
Total ending allowance balance $ 89 $ 50 $ 59 $ 60 89 59
Loans individually evaluated for impairment        
Loans collectively evaluated for impairment           5,164
Total ending loans balance         21,623 $ 5,164
Consumer Portfolio Segment [Member] | Financial Asset Acquired [Member]            
Collectively evaluated for impairment          
Loans collectively evaluated for impairment         13,519  
Consumer Portfolio Segment [Member] | Financial Asset Originated [Member]            
Collectively evaluated for impairment         89  
Loans collectively evaluated for impairment         $ 8,104  
v3.20.1
Note 4 - Loans - Impaired Loans (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Mar. 31, 2020
Mar. 31, 2019
Jun. 30, 2019
Impaired Financing Receivable, Related Allowance $ 9   $ 9   $ 9
Impaired Financing Receivable, Unpaid Principal Balance 1,690   1,690   1,395
Impaired Financing Receivable, Recorded Investment, Total 1,524   1,524   1,189
Impaired Financing Receivable, Average Recorded Investment 1,304 $ 1,730 1,080 $ 1,884  
Impaired Financing Receivable, Interest Income, Accrual Method 7 14 112 43  
Impaired Financing Receivable, Interest Income, Cash Basis Method 7 14 112 43  
Commercial Portfolio Segment [Member]          
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance 21   21  
Impaired Financing Receivable, with No Related Allowance, Recorded Investment 21   21  
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment 14   5 100  
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method   5  
Impaired Financing Receivable, with No Related Allowance, Interest Income, Cash Basis Method   5  
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance 155   155   173
Impaired Financing Receivable, with Related Allowance, Recorded Investment 156   156   174
Impaired Financing Receivable, Related Allowance 1   1   2
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment 158 116 164  
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method 2 2 7  
Impaired Financing Receivable, with Related Allowance, Interest Income, Cash Basis Method 2 2 7  
Commercial Real Estate Portfolio Segment [Member] | Other Commercial Real Estate Loans [Member]          
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance 933   933   580
Impaired Financing Receivable, with No Related Allowance, Recorded Investment 846   846   436
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment 641 1,019 415 1,176  
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method 1 9 88 28  
Impaired Financing Receivable, with No Related Allowance, Interest Income, Cash Basis Method 1 9 88 28  
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance 214   214   221
Impaired Financing Receivable, with Related Allowance, Recorded Investment 217   217   222
Impaired Financing Receivable, Related Allowance 8   8   7
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment 216 224 218 227  
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method 4 3 10 10  
Impaired Financing Receivable, with Related Allowance, Interest Income, Cash Basis Method 4 3 10 10  
Residential Portfolio Segment [Member] | Residential Real Estate Owner Occupied Loans [Member]          
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance 79   79   124
Impaired Financing Receivable, with No Related Allowance, Recorded Investment 42   42   93
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment 31 96 27 98  
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method 7  
Impaired Financing Receivable, with No Related Allowance, Interest Income, Cash Basis Method 7  
Residential Portfolio Segment [Member] | Residential Real Estate Non-owner Occupied Loans [Member]          
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance 288   288   297
Impaired Financing Receivable, with No Related Allowance, Recorded Investment 242   242   $ 264
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment 244 275 251 283  
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method  
Impaired Financing Receivable, with No Related Allowance, Interest Income, Cash Basis Method  
v3.20.1
Note 4 - Loans - Loans Past Due (Details) - USD ($)
$ in Thousands
Mar. 31, 2020
Jun. 30, 2019
Financing Receivable, Recorded Investment, Nonaccrual Status $ 1,097 $ 785
Financing Receivable, Recorded Investment, 90 Days Past Due and Still Accruing 13
Financing Receivable, Recorded Investment, Past Due 2,874 320
Financing Receivable, Recorded Investment, Not Past Due 465,975 369,746
Financing Receivable, Recorded Investment, Total 468,849 370,066
Financial Asset, 30 to 59 Days Past Due [Member]    
Financing Receivable, Recorded Investment, Nonaccrual Status 27 198
Financing Receivable, Recorded Investment, Past Due 2,096 240
Financial Asset, 60 to 89 Days Past Due [Member]    
Financing Receivable, Recorded Investment, Past Due 102
Financial Asset, Equal to or Greater than 90 Days Past Due [Member]    
Financing Receivable, Recorded Investment, Nonaccrual Status 663 80
Financing Receivable, Recorded Investment, Past Due 676 80
Commercial Portfolio Segment [Member]    
Financing Receivable, Recorded Investment, Nonaccrual Status 22
Financing Receivable, Recorded Investment, 90 Days Past Due and Still Accruing
Financing Receivable, Recorded Investment, Past Due 21
Financing Receivable, Recorded Investment, Not Past Due 85,958 80,587
Financing Receivable, Recorded Investment, Total 85,979 80,587
Commercial Portfolio Segment [Member] | Financial Asset, 30 to 59 Days Past Due [Member]    
Financing Receivable, Recorded Investment, Past Due
Commercial Portfolio Segment [Member] | Financial Asset, 60 to 89 Days Past Due [Member]    
Financing Receivable, Recorded Investment, Past Due 21
Commercial Portfolio Segment [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member]    
Financing Receivable, Recorded Investment, Past Due
Commercial Real Estate Portfolio Segment [Member]    
Financing Receivable, Recorded Investment, Total 246,038 211,367
Commercial Real Estate Portfolio Segment [Member] | Other Commercial Real Estate Loans [Member]    
Financing Receivable, Recorded Investment, Nonaccrual Status 797 436
Financing Receivable, Recorded Investment, 90 Days Past Due and Still Accruing
Financing Receivable, Recorded Investment, Past Due 1,758 199
Financing Receivable, Recorded Investment, Not Past Due 227,624 195,093
Financing Receivable, Recorded Investment, Total 229,382 195,292
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member]    
Financing Receivable, Recorded Investment, Past Due
Financing Receivable, Recorded Investment, Not Past Due 16,656 16,075
Financing Receivable, Recorded Investment, Total 16,656 16,075
Commercial Real Estate Portfolio Segment [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | Other Commercial Real Estate Loans [Member]    
Financing Receivable, Recorded Investment, Past Due 1,126 199
Commercial Real Estate Portfolio Segment [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | Construction Loans [Member]    
Financing Receivable, Recorded Investment, Past Due
Commercial Real Estate Portfolio Segment [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | Other Commercial Real Estate Loans [Member]    
Financing Receivable, Recorded Investment, Past Due 4
Commercial Real Estate Portfolio Segment [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | Construction Loans [Member]    
Financing Receivable, Recorded Investment, Past Due
Commercial Real Estate Portfolio Segment [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Other Commercial Real Estate Loans [Member]    
Financing Receivable, Recorded Investment, Past Due 628
Commercial Real Estate Portfolio Segment [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Construction Loans [Member]    
Financing Receivable, Recorded Investment, Past Due
Residential Portfolio Segment [Member]    
Financing Receivable, Recorded Investment, Total 115,209 72,948
Residential Portfolio Segment [Member] | Construction Loans [Member]    
Financing Receivable, Recorded Investment, Past Due
Financing Receivable, Recorded Investment, Not Past Due 7,497 1,963
Financing Receivable, Recorded Investment, Total 7,497 1,963
Residential Portfolio Segment [Member] | Residential Real Estate Owner Occupied Loans [Member]    
Financing Receivable, Recorded Investment, Nonaccrual Status 36 85
Financing Receivable, Recorded Investment, 90 Days Past Due and Still Accruing
Financing Receivable, Recorded Investment, Past Due 772 120
Financing Receivable, Recorded Investment, Not Past Due 87,538 56,347
Financing Receivable, Recorded Investment, Total 88,310 56,467
Residential Portfolio Segment [Member] | Residential Real Estate Non-owner Occupied Loans [Member]    
Financing Receivable, Recorded Investment, Nonaccrual Status 242 264
Financing Receivable, Recorded Investment, 90 Days Past Due and Still Accruing
Financing Receivable, Recorded Investment, Past Due
Financing Receivable, Recorded Investment, Not Past Due 19,402 14,518
Financing Receivable, Recorded Investment, Total 19,402 14,518
Residential Portfolio Segment [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | Construction Loans [Member]    
Financing Receivable, Recorded Investment, Past Due
Residential Portfolio Segment [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | Residential Real Estate Owner Occupied Loans [Member]    
Financing Receivable, Recorded Investment, Past Due 722 40
Residential Portfolio Segment [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | Residential Real Estate Non-owner Occupied Loans [Member]    
Financing Receivable, Recorded Investment, Past Due
Residential Portfolio Segment [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | Construction Loans [Member]    
Financing Receivable, Recorded Investment, Past Due
Residential Portfolio Segment [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | Residential Real Estate Owner Occupied Loans [Member]    
Financing Receivable, Recorded Investment, Past Due 15
Residential Portfolio Segment [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | Residential Real Estate Non-owner Occupied Loans [Member]    
Financing Receivable, Recorded Investment, Past Due
Residential Portfolio Segment [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Construction Loans [Member]    
Financing Receivable, Recorded Investment, Past Due
Residential Portfolio Segment [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Residential Real Estate Owner Occupied Loans [Member]    
Financing Receivable, Recorded Investment, Past Due 35 80
Residential Portfolio Segment [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Residential Real Estate Non-owner Occupied Loans [Member]    
Financing Receivable, Recorded Investment, Past Due
Consumer Portfolio Segment [Member]    
Financing Receivable, Recorded Investment, Nonaccrual Status
Financing Receivable, Recorded Investment, 90 Days Past Due and Still Accruing 13
Financing Receivable, Recorded Investment, Past Due 323 1
Financing Receivable, Recorded Investment, Not Past Due 21,300 5,163
Financing Receivable, Recorded Investment, Total 21,623 5,164
Consumer Portfolio Segment [Member] | Financial Asset, 30 to 59 Days Past Due [Member]    
Financing Receivable, Recorded Investment, Past Due 248 1
Consumer Portfolio Segment [Member] | Financial Asset, 60 to 89 Days Past Due [Member]    
Financing Receivable, Recorded Investment, Past Due 62
Consumer Portfolio Segment [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member]    
Financing Receivable, Recorded Investment, Past Due $ 13
v3.20.1
Note 4 - Loans - Loans by Class Modified as Troubled Debt Restructurings (Details)
$ in Thousands
 3 Months Ended 9 Months Ended
Mar. 31, 2020
Mar. 31, 2020
Mar. 31, 2019
USD ($)
Financing Receivable, Modifications, Number of Contracts 0 0 1
Pre-Modification Outstanding Recorded Investment     $ 161
Post-Modification Outstanding Recorded Investment     $ 59
Commercial Real Estate Portfolio Segment [Member] | Other Commercial Real Estate Loans [Member]      
Financing Receivable, Modifications, Number of Contracts     1
Pre-Modification Outstanding Recorded Investment     $ 161
Post-Modification Outstanding Recorded Investment     $ 59
v3.20.1
Note 4 - Loans - Recorded Investment by Risk Category (Details) - USD ($)
$ in Thousands
Mar. 31, 2020
Jun. 30, 2019
Pass [Member]    
Financing Receivable, Net $ 339,028 $ 286,110
Special Mention [Member]    
Financing Receivable, Net 2,949 13,218
Substandard [Member]    
Financing Receivable, Net 10,116 6,691
Doubtful [Member]    
Financing Receivable, Net 1,062 704
Not Rated [Member]    
Financing Receivable, Net 115,694 63,343
Commercial Portfolio Segment [Member] | Pass [Member]    
Financing Receivable, Net 81,123 74,393
Commercial Portfolio Segment [Member] | Special Mention [Member]    
Financing Receivable, Net 186 4,942
Commercial Portfolio Segment [Member] | Substandard [Member]    
Financing Receivable, Net 4,348 1,012
Commercial Portfolio Segment [Member] | Doubtful [Member]    
Financing Receivable, Net 21
Commercial Portfolio Segment [Member] | Not Rated [Member]    
Financing Receivable, Net 301 240
Commercial Real Estate Portfolio Segment [Member] | Pass [Member] | Construction Loans [Member]    
Financing Receivable, Net 16,656 16,075
Commercial Real Estate Portfolio Segment [Member] | Pass [Member] | Other Commercial Real Estate Loans [Member]    
Financing Receivable, Net 219,075 179,952
Commercial Real Estate Portfolio Segment [Member] | Special Mention [Member] | Construction Loans [Member]    
Financing Receivable, Net
Commercial Real Estate Portfolio Segment [Member] | Special Mention [Member] | Other Commercial Real Estate Loans [Member]    
Financing Receivable, Net 2,573 8,071
Commercial Real Estate Portfolio Segment [Member] | Substandard [Member] | Construction Loans [Member]    
Financing Receivable, Net
Commercial Real Estate Portfolio Segment [Member] | Substandard [Member] | Other Commercial Real Estate Loans [Member]    
Financing Receivable, Net 5,205 5,337
Commercial Real Estate Portfolio Segment [Member] | Doubtful [Member] | Construction Loans [Member]    
Financing Receivable, Net
Commercial Real Estate Portfolio Segment [Member] | Doubtful [Member] | Other Commercial Real Estate Loans [Member]    
Financing Receivable, Net 797 436
Commercial Real Estate Portfolio Segment [Member] | Not Rated [Member] | Construction Loans [Member]    
Financing Receivable, Net
Commercial Real Estate Portfolio Segment [Member] | Not Rated [Member] | Other Commercial Real Estate Loans [Member]    
Financing Receivable, Net 1,732 1,496
Residential Portfolio Segment [Member] | Pass [Member] | Construction Loans [Member]    
Financing Receivable, Net 1,683
Residential Portfolio Segment [Member] | Pass [Member] | Residential Real Estate Owner Occupied Loans [Member]    
Financing Receivable, Net 1,971 2,245
Residential Portfolio Segment [Member] | Pass [Member] | Residential Real Estate Non-owner Occupied Loans [Member]    
Financing Receivable, Net 18,444 13,413
Residential Portfolio Segment [Member] | Special Mention [Member] | Construction Loans [Member]    
Financing Receivable, Net
Residential Portfolio Segment [Member] | Special Mention [Member] | Residential Real Estate Owner Occupied Loans [Member]    
Financing Receivable, Net
Residential Portfolio Segment [Member] | Special Mention [Member] | Residential Real Estate Non-owner Occupied Loans [Member]    
Financing Receivable, Net 190 205
Residential Portfolio Segment [Member] | Substandard [Member] | Construction Loans [Member]    
Financing Receivable, Net
Residential Portfolio Segment [Member] | Substandard [Member] | Residential Real Estate Owner Occupied Loans [Member]    
Financing Receivable, Net 334 24
Residential Portfolio Segment [Member] | Substandard [Member] | Residential Real Estate Non-owner Occupied Loans [Member]    
Financing Receivable, Net 229 318
Residential Portfolio Segment [Member] | Doubtful [Member] | Construction Loans [Member]    
Financing Receivable, Net
Residential Portfolio Segment [Member] | Doubtful [Member] | Residential Real Estate Owner Occupied Loans [Member]    
Financing Receivable, Net 2 5
Residential Portfolio Segment [Member] | Doubtful [Member] | Residential Real Estate Non-owner Occupied Loans [Member]    
Financing Receivable, Net 242 263
Residential Portfolio Segment [Member] | Not Rated [Member] | Construction Loans [Member]    
Financing Receivable, Net 5,814 1,963
Residential Portfolio Segment [Member] | Not Rated [Member] | Residential Real Estate Owner Occupied Loans [Member]    
Financing Receivable, Net 86,003 54,193
Residential Portfolio Segment [Member] | Not Rated [Member] | Residential Real Estate Non-owner Occupied Loans [Member]    
Financing Receivable, Net 297 319
Consumer Portfolio Segment [Member] | Pass [Member]    
Financing Receivable, Net 76 32
Consumer Portfolio Segment [Member] | Special Mention [Member]    
Financing Receivable, Net
Consumer Portfolio Segment [Member] | Substandard [Member]    
Financing Receivable, Net
Consumer Portfolio Segment [Member] | Doubtful [Member]    
Financing Receivable, Net
Consumer Portfolio Segment [Member] | Not Rated [Member]    
Financing Receivable, Net $ 21,547 $ 5,132
v3.20.1
Note 5 - Fair Value (Details Textual) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Mar. 31, 2020
Mar. 31, 2019
Jun. 30, 2019
Other Real Estate Owned, Fair Value Disclosure $ 0   $ 0   $ 0
Impaired Financing Receivable, Related Allowance 9   9   9
Impaired Financing Receivable, Recorded Investment, Total 1,524   1,524   1,189
Fair Value, Nonrecurring [Member] | Impaired Loans [Member]          
Impaired Financing Receivable, Related Allowance 0   0   0
Impaired Financing Receivable, Recorded Investment, Total         $ 59
Allowance for Loan and Lease Losses, Period Increase (Decrease), Total $ 0 $ 25 $ 0 $ 80  
v3.20.1
Note 5 - Fair Value - Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) - USD ($)
$ in Thousands
Mar. 31, 2020
Jun. 30, 2019
Total available-for-sale securities $ 139,383 $ 144,010
US Treasury Securities [Member]    
Total available-for-sale securities 1,761  
US Treasury Securities [Member] | Fair Value, Inputs, Level 1 [Member]    
Total available-for-sale securities  
US Treasury Securities [Member] | Fair Value, Inputs, Level 2 [Member]    
Total available-for-sale securities 1,761  
US Treasury Securities [Member] | Fair Value, Inputs, Level 3 [Member]    
Total available-for-sale securities  
US Government-sponsored Enterprises Debt Securities [Member]    
Total available-for-sale securities 10,864 19,513
US Government-sponsored Enterprises Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member]    
Total available-for-sale securities
US Government-sponsored Enterprises Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member]    
Total available-for-sale securities 10,864 19,513
US Government-sponsored Enterprises Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member]    
Total available-for-sale securities
US States and Political Subdivisions Debt Securities [Member]    
Total available-for-sale securities 58,933 57,929
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member]    
Total available-for-sale securities
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member]    
Total available-for-sale securities 58,933 57,929
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member]    
Total available-for-sale securities
Residential Mortgage Backed Securities [Member]    
Total available-for-sale securities 57,069 56,311
Residential Mortgage Backed Securities [Member] | Fair Value, Inputs, Level 1 [Member]    
Total available-for-sale securities
Residential Mortgage Backed Securities [Member] | Fair Value, Inputs, Level 2 [Member]    
Total available-for-sale securities 57,069 56,311
Residential Mortgage Backed Securities [Member] | Fair Value, Inputs, Level 3 [Member]    
Total available-for-sale securities
Collateralized Debt Obligations [Member]    
Total available-for-sale securities 9,353 10,257
Collateralized Debt Obligations [Member] | Fair Value, Inputs, Level 1 [Member]    
Total available-for-sale securities
Collateralized Debt Obligations [Member] | Fair Value, Inputs, Level 2 [Member]    
Total available-for-sale securities 9,353 10,257
Collateralized Debt Obligations [Member] | Fair Value, Inputs, Level 3 [Member]    
Total available-for-sale securities
Commercial Mortgage Backed Securities [Member]    
Total available-for-sale securities 1,403  
Commercial Mortgage Backed Securities [Member] | Fair Value, Inputs, Level 1 [Member]    
Total available-for-sale securities  
Commercial Mortgage Backed Securities [Member] | Fair Value, Inputs, Level 2 [Member]    
Total available-for-sale securities 1,403  
Commercial Mortgage Backed Securities [Member] | Fair Value, Inputs, Level 3 [Member]    
Total available-for-sale securities  
v3.20.1
Note 5 - Fair Value - Financial Assets and Liabilities Measured at Fair Value on a Non-recurring Basis (Details) - Commercial Real Estate - Other [Member] - Fair Value, Nonrecurring [Member]
$ in Thousands
Jun. 30, 2019
USD ($)
Assets, Fair Value Disclosure, Nonrecurring $ 59
Fair Value, Inputs, Level 1 [Member]  
Assets, Fair Value Disclosure, Nonrecurring
Fair Value, Inputs, Level 2 [Member]  
Assets, Fair Value Disclosure, Nonrecurring
Fair Value, Inputs, Level 3 [Member]  
Assets, Fair Value Disclosure, Nonrecurring $ 59
v3.20.1
Note 5 - Fair Value - Quantitative Information About Level 3 Fair Value Measurements (Details) - Commercial Real Estate - Other [Member] - Bid Indications [Member]
xbrli-pure in Thousands, $ in Thousands
Jun. 30, 2019
USD ($)
Fair Value $ 59
Measurement Input, Discount Rate [Member]  
Discount Rate 0
Measurement Input, Discount Rate [Member] | Weighted Average [Member]  
Discount Rate 0
v3.20.1
Note 5 - Fair Value - Estimated Fair Values of Financial Instruments (Details) - USD ($)
$ in Thousands
Mar. 31, 2020
Jun. 30, 2019
Held-to-maturity, fair value $ 3,792 $ 3,821
Fair Value, Inputs, Level 1 [Member] | Reported Value Measurement [Member]    
Cash and cash equivalents 12,544 9,461
Fair Value, Inputs, Level 1 [Member] | Estimate of Fair Value Measurement [Member]    
Cash and cash equivalents 12,544 9,461
Fair Value, Inputs, Level 2 [Member] | Reported Value Measurement [Member]    
Certificates of deposits in other financial institutions 11,908 1,983
Loans held for sale 1,830 1,657
Accrued interest receivable 1,861 1,607
Short-term borrowings 6,386 3,686
Federal Home Loan Bank advances 27,079 22,700
Accrued interest payable 157 132
Fair Value, Inputs, Level 2 [Member] | Reported Value Measurement [Member] | Demand and Savings Deposits [Member]    
Demand and savings deposits 434,440 359,969
Fair Value, Inputs, Level 2 [Member] | Reported Value Measurement [Member] | Time Deposits [Member]    
Demand and savings deposits 128,582 112,205
Fair Value, Inputs, Level 2 [Member] | Estimate of Fair Value Measurement [Member]    
Certificates of deposits in other financial institutions 11,964 1,983
Loans held for sale 1,869 1,687
Accrued interest receivable 1,861 1,607
Short-term borrowings 6,386 3,686
Federal Home Loan Bank advances 27,130 22,596
Accrued interest payable 157 132
Fair Value, Inputs, Level 2 [Member] | Estimate of Fair Value Measurement [Member] | Demand and Savings Deposits [Member]    
Demand and savings deposits 434,440 359,969
Fair Value, Inputs, Level 2 [Member] | Estimate of Fair Value Measurement [Member] | Time Deposits [Member]    
Demand and savings deposits 129,502 112,841
Fair Value, Inputs, Level 3 [Member] | Reported Value Measurement [Member]    
Held-to-maturity, fair value 3,580 3,786
Loans, net 463,336 365,387
Fair Value, Inputs, Level 3 [Member] | Estimate of Fair Value Measurement [Member]    
Held-to-maturity, fair value 3,792 3,821
Loans, net $ 471,410 $ 366,911
v3.20.1
Note 6 - Earnings Per Share (Details Textual) - shares
 3 Months Ended 9 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Mar. 31, 2020
Mar. 31, 2019
Restricted Stock [Member]        
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in shares) 1,786 7,121 2,863 999
v3.20.1
Note 6 - Earnings Per Share - Schedule of Earnings Per Share, Basic and Diluted (Details) - USD ($)
$ / shares in Units, $ in Thousands
 3 Months Ended 9 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Mar. 31, 2020
Mar. 31, 2019
Net income available to common shareholders $ 1,018 $ 1,035 $ 3,961 $ 4,557
Weighted average common shares outstanding (in shares) 3,003,205 2,730,376 2,828,427 2,730,887
Basic income per share (in dollars per share) $ 0.34 $ 0.38 $ 1.40 $ 1.67
Net income available to common shareholders $ 1,018 $ 1,035 $ 3,961 $ 4,557
Dilutive effect of restricted stock (in shares)
Total common shares and dilutive potential common shares (in shares) 3,003,205 2,730,376 2,828,427 2,730,887
Dilutive income per share (in dollars per share) $ 0.34 $ 0.38 $ 1.40 $ 1.67
v3.20.1
Note 7 - Accumulated Other Comprehensive Income (Loss) - Components of Other Comprehensive Income (Loss) (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Mar. 31, 2020
Mar. 31, 2019
Accumulated other comprehensive income (loss), before tax $ 2,662 $ (1,735) $ 1,982 $ (2,069)
Accumulated other comprehensive income (loss), tax (560) 364 (416) 434
Accumulated other comprehensive income (loss), net 2,102 (1,371) 1,566 (1,635)
Unrealized holding gain on available-for-sale securities arising during the period, before tax 1,900 1,946 2,690 2,840
Unrealized holding loss on available-for-sale securities arising during the period, tax (399) (410) (566) (598)
Unrealized holding gain (loss) on available-for-sale securities arising during the period, net 1,501 1,536 2,124 2,242
Amounts reclassified from accumulated other comprehensive income, before tax [1],[2] (121) (1) (231) (561)
Amounts reclassified from accumulated other comprehensive income, tax [1],[2] 26 49 118
Amounts reclassified from accumulated other comprehensive income, net [1],[2] (95) (1) (182) (443)
Net current period other comprehensive income (loss), before tax 1,779 1,945 2,459 2,279
Net current period other comprehensive income (loss), tax (373) (410) (517) (480)
Other comprehensive income (loss) 1,406 1,535 1,942 1,799
Accumulated other comprehensive income (loss), before tax 4,441 210 4,441 210
Accumulated other comprehensive income (loss), tax (933) (46) (933) (46)
Accumulated other comprehensive income (loss), net $ 3,508 $ 164 $ 3,508 $ 164
[1] Income tax expense
[2] Securities (gains) losses, net
v3.20.1
Note 8 - Revenue Recognition - Noninterest Income (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Mar. 31, 2020
Mar. 31, 2019
Noninterest income (in scope of Topic 606) $ 800 $ 702 $ 2,773 $ 2,196
Noninterest income 1,107 860 3,601 3,299
Deposit Account [Member]        
Noninterest income (in scope of Topic 606) 355 298 1,088 935
Debit Card [Member]        
Noninterest income (in scope of Topic 606) 367 338 1,142 1,065
Financial Service, Other [Member]        
Noninterest income (in scope of Topic 606) 78 66 543 196
Product and Service, Out of Scope of ASC 606 [Member]        
Noninterest income $ 307 $ 158 $ 828 $ 1,103
v3.20.1
Note 9 - Leases (Details Textual)
$ in Thousands
 3 Months Ended 9 Months Ended
Mar. 31, 2020
USD ($)
Mar. 31, 2020
USD ($)
Operating Lease, Weighted Average Remaining Lease Term (Month) 4 years 207 days 4 years 207 days
Operating Lease, Cost $ 27 $ 82
Short-term Lease, Cost 22 66
Operating Lease, Right-of-Use Asset 500 500
Operating Lease, Liability, Total $ 500 $ 500
v3.20.1
Note 9 - Leases - Maturities of Lease Liabilities (Details)
$ in Thousands
Mar. 31, 2020
USD ($)
2020 $ 27
2021 105
2022 95
2023 76
2024 51
Thereafter 146
Total $ 500