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Document and Entity Information - USD ($)	12 Months Ended
Document and Entity Information - USD ($)	Jun. 30, 2013	Aug. 30, 2013	Dec. 31, 2012
Document and Entity Information:
Entity Registrant Name	HomeTrust Bancshares, Inc.
Document Type	10-K
Document Period End Date	Jun. 30, 2013
Amendment Flag	false
Entity Central Index Key	0001538263
Current Fiscal Year End Date	--06-30
Entity Common Stock, Shares Outstanding		20,812,659
Entity Public Float			$ 271,900,000
Entity Filer Category	Accelerated Filer
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Document Fiscal Year Focus	2013
Document Fiscal Period Focus	FY

HOMETRUST BANCSHARES, INC. AND SUBSIDIARY -- Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2013	Jun. 30, 2012
Assets
Cash	$ 13,251	$ 13,909
Interest-bearing deposits	112,462	210,892
Cash and cash equivalents	125,713	224,801
Certificates of deposit in other banks	136,617	108,010
Securities available for sale, at fair value	24,750	31,335
Loans held for sale	10,770	10,787
Total loans, net of deferred loan fees and discount	1,164,183	1,229,045
Allowance for loan losses	(32,073)	(35,100)
Net loans	1,132,110	1,193,945
Premises and equipment, net	22,400	23,106
Federal Home Loan Bank stock, at cost	1,854	6,300
Accrued interest receivable	5,549	6,008
Real estate owned	11,739	16,130
Deferred income taxes	47,428	48,927
Bank owned life insurance	62,242	44,614
Other assets	2,151	6,093
Total Assets	1,583,323	1,720,056
Liabilities
Deposits	1,154,750	1,466,175
Other borrowings		22,265
Capital lease obligations	2,016	2,024
Other liabilities	59,042	57,107
Total liabilities	1,215,808	1,547,571
Stockholders' Equity
Common stock	208
Additional paid in capital	227,397	31,367
Retained earnings	149,990	140,937
Unearned Employee Stock Ownership Plan (ESOP) shares	(10,051)
Accumulated other comprehensive income (loss)	(29)	181
Total stockholders' equity	367,515	172,485
Total Liabilities and Stockholders' Equity	$ 1,583,323	$ 1,720,056

HOMETRUST BANCSHARES, INC. AND SUBSIDIARY -- Consolidated Balance Sheets (Parentheticals) - $ / shares	Jun. 30, 2013	Jun. 30, 2012
Statements of Financial Condition
Preferred stock par value	$ 0.01	$ 0.01
Preferred stock shares authorized	10,000,000	10,000,000
Preferred stock shares issued	0	0
Preferred stock shares outstanding	0	0
Common stock par value	$ 0.01	$ 0.01
Common stock shares authorized	60,000,000	60,000,000
Common stock shares issued	20,824,900	0
Common stock shares outstanding	20,824,900	0

HOMETRUST BANCSHARES, INC. AND SUBSIDIARY -- Consolidated Statements of Income (Loss) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2011
Interest and Dividend Income
Loans	$ 58,404	$ 65,656	$ 69,874
Securities available for sale	324	413	1,016
Certificates of deposit and other interest-bearing deposits	1,578	1,331	1,135
Federal Home Loan Bank stock	83	91	62
Total interest and dividend income	60,389	67,491	72,087
Interest Expense
Deposits	6,975	10,244	14,798
Other borrowings	280	1,534	5,731
Total interest expense	7,255	11,778	20,529
Net Interest Income	53,134	55,713	51,558
Provision for Loan Losses	1,100	15,600	42,800
Net Interest Income after Provision for Loan Losses	52,034	40,113	8,758
Noninterest Income
Service charges on deposit accounts	2,589	2,679	2,929
Mortgage banking income and fees	5,107	3,846	3,211
Gain from sales of securities available for sale			430
Gain from business combination			5,844
Gain on sale of premises and equipment		1,503
Other noninterest income, net	2,691	2,400	4,382
Total other income	10,387	10,428	16,796
Noninterest Expense
Salaries and employee benefits	26,438	21,679	22,065
Net occupancy expense	5,497	4,975	4,855
Marketing and advertising	1,705	1,546	2,317
Telephone, postage, and supplies	1,737	1,459	1,491
Deposit insurance premiums	1,407	2,097	2,193
Computer services	2,386	1,853	1,785
Federal Home Loan Bank advance prepayment penalty	3,069	2,111	3,988
Loss on sale and impairment of real estate owned	951	3,040	3,825
Real estate owned expense	2,135	1,951	1,868
Other noninterest expense	6,068	5,950	9,167
Total other expense	51,393	46,661	53,554
Income (Loss) Before Income Taxes	11,028	3,880	(28,000)
Income Tax Expense (Benefit)	1,975	(647)	(13,263)
Net Income (Loss)	$ 9,053	$ 4,527	$ (14,737)
Per Share Data:
Basic	19,922,283
Diluted	19,941,687
Average shares outstanding:
Basic	19,922,283
Diluted	19,941,687

HOMETRUST BANCSHARES, INC. AND SUBSIDIARY -- Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2011
Statements of Comprehensive Income
Net income (loss)	$ 9,053	$ 4,527	$ (14,737)
Unrealized holding gains (losses) on securities available for sale
Reclassification of securities losses (gains) recognized in net income			(538)
Deferred income tax benefit (expense)			183
Gains (losses) arising during the period	(318)	286	(404)
Deferred income tax benefit (expense)	108	(97)	137
Total other comprehensive income (loss)	(210)	189	(622)
Comprehensive Income (Loss)	$ 8,843	$ 4,716	$ (15,359)

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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-URI http://asc.fasb.org/extlink&oid=6518256

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 28
-URI http://asc.fasb.org/extlink&oid=31042434&loc=d3e3602-108585

Reference 3: http://www.xbrl.org/2003/role/presentationRef
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Reference 7: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
-Glossary Other Comprehensive Income
-URI http://asc.fasb.org/extlink&oid=6519514

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Reference 10: http://www.xbrl.org/2003/role/presentationRef
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+ Details

HOMETRUST BANCSHARES, INC. AND SUBSIDIARY -- Consolidated Statements of Changes in Stockholders' Equity - USD ($) $ in Thousands	Total	Common Stock	Additional Paid In Capital	Retained Earnings	Unearned ESOP Shares	Accumulated Other Comprehensive Income (Loss)	Total Stockholders' Equity
Balance at beginning of period at Jun. 30, 2010			$ 23,054	$ 151,147		$ 614	$ 174,815
Net income (loss)	$ (14,737)			(14,737)			(14,737)
Additional paid in capital from business combination			8,313				8,313
Other comprehensive income (loss)						(622)	(622)
Balance at end of period at Jun. 30, 2011			31,367	136,410		(8)	167,769
Net income (loss)	4,527			4,527			4,527
Other comprehensive income (loss)						189	189
Balance at end of period at Jun. 30, 2012			31,367	140,937		181	172,485
Net income (loss)	9,053			9,053			9,053
Issuance of common stock		$ 212	211,388				211,600
Common stock issuance cost			(3,396)				(3,396)
Loan to ESOP for purchase of shares	(10,580)				$ (10,580)		(10,580)
Stock repurchased for equity incentive plan	$ (13,299)	(9)	(13,290)				(13,299)
Granted restricted stock		5	(5)
Stock option expense			541				541
Restricted stock expense			572				572
ESOP shares allocated			220		529		749
Other comprehensive income (loss)						(210)	(210)
Balance at end of period at Jun. 30, 2013		$ 208	$ 227,397	$ 149,990	$ (10,051)	$ (29)	$ 367,515

HOMETRUST BANCSHARES, INC. AND SUBSIDIARY -- Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2011
Operating Activities:
Net income (loss)	$ 9,053	$ 4,527	$ (14,737)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Provision for loan losses	1,100	15,600	42,800
Depreciation	2,287	2,276	2,195
Deferred income tax expense (benefit)	1,607	(537)	(11,695)
Net amortization and accretion	(210)	(187)	(170)
Federal Home Loan Bank advance prepayment penalty	3,069	2,111	3,988
Gain on sale of premises and equipment		(1,503)
Loss on sale and impairment of real estate owned	951	3,040	3,825
Gain from sales of securities available for sale			(430)
Gain from business combination			(5,844)
Gain on sale of loans held for sale	(3,751)	(2,900)	(2,729)
Origination of loans held for sale	(227,117)	(196,708)	(155,090)
Proceeds from sales of loans held for sale	230,885	193,391	160,009
Decrease in deferred loan fees, net	(513)	(853)	(285)
Decrease in accrued interest receivable and other assets	2,773	2,486	7,050
ESOP compensation expense	749
Restricted stock and stock option expense	1,113
Increase (decrease) in other liabilities	1,935	(873)	3,820
Net cash provided by operating activities	23,931	19,870	32,707
Investing Activities:
Purchase of securities available for sale	(6,000)	(12,539)	(35,260)
Proceeds from sales of securities available for sale			8,555
Proceeds from maturities of securities available for sale	6,100	37,332	29,833
Purchase of certificates of deposit in other banks	(79,927)	(35,816)	(103,057)
Maturities of certificates of deposit in other banks	51,320	46,652	83,351
Principal repayments of mortgage-backed securities	6,101	3,067	5,500
Net redemptions of Federal Home Loan Bank Stock	4,446	3,330	1,450
Net decrease (increase) in loans	54,445	53,296	(23,195)
Purchase of bank owned life insurance	(16,000)	(31,000)
Proceeds from redemption of bank owned life insurance		21,580
Cash received from business combination			8,190
Purchase of premises and equipment	(1,581)	(3,218)	(2,399)
Capital improvements to real estate owned	(542)	(316)	(696)
Proceeds from sale of premises and equipment		1,745
Proceeds from sale of real estate owned	11,061	9,688	7,925
Net cash provided by (used in) investing activities	29,423	93,801	(19,803)
Financing Activities:
Net increase (decrease) in deposits	(311,425)	201,590	(111,424)
Net increase (decrease) in other borrowings	(25,334)	(125,124)	16,368
Proceeds from stock conversion	208,204
Loan to ESOP for purchase of shares	(10,580)
Common stock repurchased	(13,299)
Decrease in capital lease obligations	(8)	(7)	(7)
Net cash provided by (used in) financing activities	(152,442)	76,459	(95,063)
Net Increase (Decrease) in Cash and Cash Equivalents	(99,088)	190,130	(82,159)
Cash and Cash Equivalents at Beginning of Period	224,801	34,671	116,830
Cash and Cash Equivalents at End of Period	125,713	224,801	34,671
Cash paid during the period for:
Interest	7,414	11,981	18,990
Income taxes	123	97	52
Noncash transactions:
Unrealized gain (loss) in value of securities available for sale, net of income taxes	(210)	189	(622)
Transfers of loans to real estate owned	7,730	16,137	13,473
Loans originated to finance the sale of real estate owned	$ 651	$ 1,452	6,209
Business combination:
Assets acquired			105,126
Liabilities assumed			90,969
Net assets acquired			$ 14,157

Summary of Significant Accounting Policies

12 Months Ended

Jun. 30, 2013

Notes

Summary of Significant Accounting Policies

1. Summary of Significant Accounting Policies

The consolidated financial statements presented in this report include the accounts of HomeTrust Bancshares, Inc., a Maryland corporation (“HomeTrust”), and its wholly-owned subsidiary, HomeTrust Bank (the “Bank”). As used throughout this report, the term the “Company” refers to HomeTrust and its consolidated subsidiary, unless the context otherwise requires.

Organization and Description of Business – HomeTrust was incorporated in Maryland on December 27, 2011 and became the holding company for the Bank on July 10, 2012 upon the completion of the Bank’s conversion from the mutual to stock form of organization (the “Conversion”). In connection with the Conversion, HomeTrust issued an aggregate of 21,160,000 shares of common stock at an offering price of $10.00 per share for gross proceeds of $211.6 million. HomeTrust received $208.2 million in net proceeds from the stock offering of which $104.1 million or 50% of the net proceeds were contributed to the Bank upon Conversion. Included in the issuance of shares was 1,058,000 shares to a newly formed “ESOP” for which HomeTrust loaned the ESOP $10,580,000 to purchase the shares. The Bank is a federally chartered savings bank headquartered in Asheville, North Carolina with twenty retail offices located in western and central North Carolina. The business of the Bank is conducted through its seven operating divisions – HomeTrust Bank, Cherryville Federal Bank, Home Savings Bank of Eden, Industrial Federal Bank of Lexington, Shelby Savings Bank, Tryon Federal Bank, and Rutherford County Bank. All divisions operate under a single set of corporate policies and procedures and are recognized as a single banking segment for financial reporting purposes.

Accounting Principles – The accounting and reporting policies of the Company conform to accounting principles generally accepted in the United States (“US GAAP”).

Principles of Consolidation and Subsidiary Activities – The accompanying consolidated financial statements include the accounts of HomeTrust, the Bank, and its wholly-owned subsidiary, Western North Carolina Service Corporation (“WNCSC”) at or for the year ended June 30, 2013 and of the Bank and WNCSC only at June 30, 2012 and for the years ended June 30, 2012 and 2011. WNCSC owns office buildings in Asheville, North Carolina that are leased to the Bank. All intercompany items have been eliminated.

Cash Flows – Cash and cash equivalents include cash and interest-bearing deposits with initial terms to maturity of ninety days or less.

Securities – The Company classifies investment securities as trading, available for sale or held to maturity.

Securities available for sale are carried at fair value. These securities are used to execute asset/liability management strategies, manage liquidity, and leverage capital, and therefore may be sold prior to maturity. Adjustments for unrealized gains or losses, net of the income tax effect, are made to accumulated other comprehensive income, a separate component of total stockholders’ equity.

Securities held to maturity are stated at cost, net of unamortized balances of premiums and discounts. When these securities are purchased, the Company intends to and has the ability to hold such securities until maturity.

Declines in the fair value of individual securities available for sale or held to maturity below their cost that are other-than-temporary result in write-downs of the individual securities to their fair value. The related write-downs are included in earnings as realized losses. In estimating other-than-temporary impairment losses, the Company considers among other things, (i) the length of time and the extent to which the fair value has been less than cost, (ii) the financial condition and near-term prospects of the issuer, and (iii) the intent and ability of the Company to retain its investment in the issuer for a period of time sufficient to allow for any anticipated recovery of the unrealized loss, and in the case of debt securities, whether it is more likely than not that the Company will be required to sell the security prior to a recovery.

Premiums and discounts are amortized or accreted over the life of the security as an adjustment to yield. Dividend and interest income are recognized when earned. Gains or losses on the sale of securities are recognized on a specific identification, trade date basis.

Loans – Loans are carried at their outstanding principal amount, less unearned income and deferred nonrefundable loan fees, net of certain origination costs. Interest income is recorded as earned on an accrual basis except for non-accruing loans where interest is recorded as earned on a cash basis. Net deferred loan origination fees/costs are deferred and amortized to interest income over the life of the related loan. The premium or discount on purchased loans is amortized over the expected life of the loans and is included in interest income.

Loan Segments and Classes

The Company’s loan portfolio is grouped into two segments (retail consumer loans and commercial loans) and into four classes within each segment. The Company originates, services, and manages its loans based on these segments and classes. The Company’s portfolio segments and classes within those segments are subject to risks that could have an adverse impact on the credit quality of the loan portfolio. Management identified the risks described below as significant risks that are generally similar among the loan segments and classes.

Retail Consumer loan segment

The Company underwrites its retail consumer loans using automated credit scoring and analysis tools. These credit scoring tools take into account factors such as payment history, credit utilization, length of credit history, types of credit currently in use, and recent credit inquiries. To the extent that the loan is secured by collateral, the value of the collateral is also evaluated. Common risks to each class of retail consumer loans include general economic conditions within the Company’s markets, such as unemployment and potential declines in collateral values, and the personal circumstances of the borrowers. In addition to these common risks for the Company’s retail consumer loans, various retail consumer loan classes may also have certain risks specific to them.

One-to-four family and construction and land/lot loans are to individuals and are typically secured by 1-4 family residential property, undeveloped land, and partially developed land in anticipation of pending construction of a personal residence. Significant and rapid declines in real estate values can result in residential mortgage loan borrowers having debt levels in excess of the current market value of the collateral. Recent declines in value have led to unprecedented levels of foreclosures and losses within the banking industry. Construction and land/lot loans often experience delays in completion and cost overruns that exceed the borrower’s financial ability to complete the project. Such cost overruns can routinely result in foreclosure of partially completed and unmarketable collateral.

Home equity lines of credit are often secured by second liens on residential real estate, thereby making such loans particularly susceptible to declining collateral values. A substantial decline in collateral value could render the Company’s second lien position to be effectively unsecured. Additional risks include lien perfection inaccuracies and disputes with first lien holders that may further weaken collateral positions. Further, the open-end structure of these loans creates the risk that customers may draw on the lines in excess of the collateral value if there have been significant declines since origination.

Consumer loans include loans secured by deposit accounts or personal property such as automobiles, boats, and motorcycles, as well as unsecured consumer debt. The value of underlying collateral within this class is especially volatile due to potential rapid depreciation in values since date of loan origination in excess of principal repayment.

Commercial loan segment

The Company’s commercial loans are centrally underwritten based primarily on the customer’s ability to generate the required cash flow to service the debt in accordance with the contractual terms and conditions of the loan agreement. The Company’s commercial lenders and underwriters work to understand the borrower’s businesses and management experiences. The majority of the Company’s commercial loans are secured by collateral, so collateral values are important to the transaction. In commercial loan transactions where the principals or other parties provide personal guarantees, the Company’s commercial lenders and underwriters analyze the relative financial strength and liquidity of each guarantor. Risks that are common to the Company’s commercial loan classes include general economic conditions, demand for the borrowers’ products and services, the personal circumstances of the principals, and reductions in collateral values. In addition to these common risks for the Company’s commercial loans, the various commercial loan classes also have certain risks specific to them.

Construction and development loans are highly dependent on the supply and demand for commercial real estate in the Company’s markets as well as the demand for the newly constructed residential homes and lots being developed by the Company’s commercial loan customers. Prolonged deterioration in demand could result in significant decreases in the underlying collateral values and make repayment of the outstanding loans more difficult for the Company’s commercial borrowers.

Commercial real estate and commercial and industrial loans are primarily dependent on the ability of the Company’s commercial loan customers to achieve business results consistent with those projected at loan origination resulting in cash flow sufficient to service the debt. To the extent that a borrower’s actual business results significantly underperform the original projections, the ability of that borrower to service the Company’s loan on a basis consistent with the contractual terms may be at risk. While these loans and leases are generally secured by real property, personal property, or business assets such as inventory or accounts receivable, it is possible that the liquidation of the collateral will not fully satisfy the obligation.

Municipal leases are primarily made to volunteer fire departments and depend on the tax revenues received from the county or municipality. These leases are mainly secured by vehicles, fire stations, land, or equipment. The underwriting of the municipal leases is based on the cash flows of the fire department as well as projections of future income.

Credit Quality Indicators

Loans are monitored for credit quality on a recurring basis and the composition of the loans outstanding by credit quality indicator is provided below. Loan credit quality indicators are developed through review of individual borrowers on an ongoing basis. Generally, loans are monitored for performance on a quarterly basis with the credit quality indicators adjusted as needed. The indicators represent the rating for loans as of the date presented based on the most recent assessment performed. These credit quality indicators are defined as follows:

Pass—A pass rated asset is not adversely classified because it does not display any of the characteristics for adverse classification.

Special Mention—A special mention asset has potential weaknesses that deserve management’s close attention. If left uncorrected, such potential weaknesses may result in deterioration of the repayment prospects or collateral position at some future date. Special mention assets are not adversely classified and do not warrant adverse classification.

Substandard—A substandard asset is inadequately protected by the current net worth and paying capacity of the obligor or of the collateral pledged, if any. Assets classified as substandard generally have a well-defined weakness, or weaknesses, that jeopardize the liquidation of the debt. These assets are characterized by the distinct possibility of loss if the deficiencies are not corrected.

Doubtful—An asset classified doubtful has all the weaknesses inherent in an asset classified substandard with the added characteristic that the weaknesses make collection or liquidation in full highly questionable and improbable, on the basis of currently existing facts, conditions, and values.

Loss—Assets classified loss are considered uncollectible and of such little value that their continuing to be carried as an asset is not warranted. This classification is not necessarily equivalent to no potential for recovery or salvage value, but rather that it is not appropriate to defer a full write-off even though partial recovery may be effected in the future.

Loans Held for Sale—Loans held for sale are residential mortgages and are valued at the lower of cost or fair value less estimated costs to sell as determined by outstanding commitments from investors on a “best efforts” basis or current investor yield requirements, calculated on the aggregate loan basis. Loans sold are generally sold at par value and with servicing released.

Allowance for Loan Losses—The allowance for loan losses is management’s estimate of probable credit losses that are inherent in the Company’s loan portfolios at the balance sheet date. The allowance increases when the Company provides for loan losses through charges to operating earnings and when the Company recovers amounts from loans previously written down or charged off. The allowance decreases when the Company writes down or charges off loan amounts that are deemed uncollectible.

Management determines the allowance for loan losses based on periodic evaluations that are inherently subjective and require substantial judgment because the evaluations require the use of material estimates that are susceptible to significant change. The Company generally uses two allowance methodologies that are primarily based on management’s determination as to whether or not a loan is considered to be impaired.

All classified loans above a certain threshold meeting certain criteria are evaluated for impairment on a loan-by-loan basis and are considered impaired when it is probable, based on current information, that the borrower will be unable to pay contractual interest or principal as required by the loan agreement. Impaired loans below the threshold are evaluated as a pool with additional adjustments to the allowance for loan losses. Loans that experience insignificant payment delays and payment shortfalls are not necessarily considered impaired. Management determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment history, and the amount of the shortfall relative to the principal and interest owed. Impaired loans are measured at their estimated net realizable value based on either the value of the loan’s expected future cash flows discounted at the loan’s effective interest rate or on the collateral value, net of the estimated costs of disposal, if the loan is collateral dependent. For loans considered impaired, an individual allowance for loan losses is recorded when the loan principal balance exceeds the estimated net realizable value.

For loans not considered impaired, management determines the allowance for loan losses based on estimated loss percentages that are determined by and applied to the various classes of loans that comprise the segments of the Company’s loan portfolio. The estimated loss percentages by loan class are based on a number of factors that include by class (i) average historical losses over the past two years, (ii) levels and trends in delinquencies, impairments, and net charge-offs, (iii) trends in the volume, terms, and concentrations, (iv) trends in interest rates, (v) effects of changes in the Company’s risk tolerance, underwriting standards, lending policies, procedures, and practices, and (vi) national and local business and economic conditions.

Future material adjustments to the allowance for loan losses may be necessary due to changing economic conditions or declining collateral values. In addition, bank regulatory agencies, as an integral part of their examination process, periodically review the Company’s allowance for loan losses and may require the Company to make adjustments to the allowance for loan losses based upon judgments that differ significantly from those of management.

Nonperforming Assets—Nonperforming assets can include loans that are past due 90 days or more and continue to accrue interest, loans on which interest is not being accrued, and real estate owned (“REO”).

Loans Past Due 90 Days or More, Non-accruing, Impaired, or Restructured—The Company’s policies related to when loans are placed on non-accruing status conform to guidelines prescribed by bank regulatory authorities. Generally, the Company suspends the accrual of interest on loans (i) that are maintained on a cash basis because of the deterioration of the financial condition of the borrower, (ii) for which payment in full of principal or interest is not expected (impaired loans), or (iii) on which principal or interest has been in default for a period of 90 days or more, unless the loan is both well secured and in the process of collection. Under the Company’s cost recovery method, interest income is subsequently recognized only to the extent cash payments are received in excess of principal due. Loans are returned to accruing status when all principal and interest amounts contractually due are brought current and concern no longer exists as to the future collectability of principal and interest, which is generally confirmed when the loan demonstrates performance for six consecutive months or payment cycles.

Restructured loans to borrowers who are experiencing financial difficulty, and on which the Company has granted concessions that modify the terms of the loan, are accounted for as troubled debt restructurings (“TDRs”). These loans remain as troubled debt restructurings until the loan has been paid in full, modified to its original terms, or charged off. The Company may place these loans on accrual or nonaccrual status depending on the individual facts and circumstances of the borrower. Generally, these loans are put on nonaccrual status until there is adequate performance that evidences the ability of the borrower to make the contractual payments. This period of performance is normally at least six months, and may include performance immediately prior to or after the modification, depending on the specific facts and circumstances of the borrower.

Loan Charge-offs—The Company charges off loan balances, in whole or in part to fair market value, when available, verifiable, and documentable information confirms that specific loans, or portions of specific loans, are uncollectible or unrecoverable. For unsecured loans, losses are confirmed when it can be determined that the borrower, or any guarantors, are unwilling or unable to pay the amounts as agreed. When the borrower, or any guarantor, is unwilling or unable to pay the amounts as agreed on a loan secured by collateral and any recovery will be realized upon the sale of the collateral, the loan is deemed to be collateral dependent. Repayments or recoveries for collateral dependent loans are directly affected by the value of the collateral at liquidation. As such, loan repayment can be affected by factors that influence the amount recoverable, the timing of the recovery, or a combination of the two. Such factors include economic conditions that affect the markets in which the loan or its collateral is sold, bankruptcy, repossession and foreclosure laws, and consumer banking regulations. Losses are also confirmed when the loan, or a portion of the loan, is classified as loss resulting from loan reviews conducted by the Company or its bank regulatory examiners.

Charge-offs of loans in the commercial loan segment are recognized when the uncollectibility of the loan balance and the inability to recover sufficient value from the sale of any collateral securing the loan is confirmed. The uncollectibility of the loan balance is evidenced by the inability of the commercial borrower to generate cash flows sufficient to repay the loan as agreed causing the loan to become delinquent. For collateral dependent commercial loans, the Company determines the net realizable value of the collateral based on appraisals, current market conditions, and estimated costs to sell the collateral. For collateral dependent commercial loans where the loan balance, including any accrued interest, net deferred fees or costs, and unamortized premiums or discounts, exceeds the net realizable value of the collateral securing the loan, the deficiency is identified as unrecoverable, is deemed to be a confirmed loss, and is charged off.

Charge-offs of loans in the retail consumer loan segment are generally confirmed and recognized in a manner similar to loans in the commercial loan segment. Secured retail consumer loans that are identified as uncollectible and are deemed to be collateral dependent are confirmed as loss to the extent the net realizable value of the collateral is insufficient to recover the loan balance. Consumer loans not secured by real estate that become 90 days past due are charged off to the extent that the fair value of any collateral, less estimated costs to sell the collateral, is insufficient to recover the loan balance. Consumer loans secured by real estate that become 120 days past due are charged off to the extent that the fair value of the real estate securing the loan, less estimated costs to sell the collateral, is insufficient to recover the loan balance. Loans to borrowers in bankruptcy are subject to modification by the bankruptcy court and are charged off to the extent that the fair value of any collateral securing the loan, less estimated costs to sell the collateral, is insufficient to recover the loan balance, unless the Company expects repayment is likely to occur. Such loans are charged off within 60 days of the receipt of notification from a bankruptcy court or when the loans become 120 days past due, whichever is shorter.

Real Estate Owned—REO consists of real estate acquired as a result of customers’ loan defaults. REO is stated at the lower of the related loan balance or the fair value of the property net of the estimated costs of disposal with a charge to the allowance for loan losses upon foreclosure. Any write-downs subsequent to foreclosure are charged against operating earnings. To the extent recoverable, costs relating to the development and improvement of property are capitalized, whereas those costs relating to holding the property are charged to expense.

Premises and Equipment—Premises and equipment are stated at cost less accumulated depreciation. Depreciation is computed using the 150% declining balance method and the straight-line method over the estimated useful lives which range from fifteen to forty years for buildings and three to ten years for furniture, fixtures, and equipment. Maintenance and repair costs are expensed as incurred.

Federal Home Loan Bank Stock—As a requirement for membership, the Bank invests in stock of the Federal Home Loan Bank of Atlanta (“FHLB”). This investment is carried at cost. Due to the redemption provisions of the FHLB, the Bank estimated that fair value equals cost and that this investment was not impaired at June 30, 2013 and June 30, 2012.

Business Combinations—The Company uses the acquisition method of accounting, formerly referred to as the purchase method, for all business combinations. An acquirer must be identified for each business combination, and the acquisition date is the date the acquirer achieves control. The acquisition method of accounting requires the Company as acquirer to recognize the fair value of assets acquired and liabilities assumed at the acquisition date as well as recognize goodwill or a gain from a bargain purchase, if appropriate. In addition, prior to the Conversion in July 2012, the Company recognized the fair value of the acquired institution’s equity as a separate component to equity capital on the balance sheet as required for business combinations of mutual institutions. Any acquisition-related costs and restructuring costs are recognized as period expenses as incurred.

Income Taxes—The Company accounts for income taxes using the asset and liability method. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carryforwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. Deferred tax assets are reduced, if necessary, by the amount of such benefits that are not expected to be realized based upon available evidence.

The Company recognizes interest and penalties accrued relative to unrecognized tax benefits in its respective federal or state income taxes accounts. As of June 30, 2013 and June 30, 2012, there were no accruals for uncertain tax positions and no accruals for interest and penalties. HomeTrust and the Bank file a consolidated United States federal income tax return, as well as separate unconsolidated North Carolina state income tax returns. The Company’s income tax returns subsequent to 2009 are subject to examination by the taxing authorities.

Employee Stock Ownership Plan—In connection with the Conversion, the Bank established an Employee Stock Ownership Plan (“ESOP”) for the benefit of all of its eligible employees. Full-time employees of the Company and the Bank who have been credited with at least 1,000 hours of service during a 12-month period and who have attained age 21 are eligible to participate in the ESOP. It is anticipated that the Bank will make contributions to the ESOP in amounts necessary to amortize the ESOP loan payable to the Company over a 20 year period.

Unearned ESOP shares are shown as a reduction of stockholders’ equity. Dividends on unearned ESOP shares, if paid, will be considered to be compensation expense. The Company recognizes compensation expense equal to the fair value of the Company’s ESOP shares during the periods in which they become committed to be released. To the extent that the fair value of the Company’s ESOP shares differs from the cost of such shares, the differential is recognized as additional paid in capital. The Company recognizes a tax deduction equal to the cost of the shares released. Because the ESOP is internally leveraged through a loan from the Company to the ESOP, the loan receivable by the Company from the ESOP is not reported as an asset nor is the debt of the ESOP shown as a liability in the consolidated financial statements.

Equity Incentive Plan—The Company issues restricted stock and stock options under the HomeTrust Bancshares, Inc. 2013 Omnibus Incentive Plan (“2013 Omnibus Incentive Plan”) to key officers and outside directors. In accordance with the requirements of Accounting Standards Codification (“ASC”) 718, Compensation – Stock Compensation, the Company has adopted a fair value based method of accounting for employee stock compensation plans, whereby compensation cost is measured based on the fair value of the award as of the grant date and recognized over the vesting period. The Company estimates forfeitures when recognizing compensation expense and this estimate is adjusted over the requisite service period or vesting schedule based on the extent to which actual forfeitures differ from such estimate. Changes in estimated forfeitures in future periods are recognized through a cumulative catch-up adjustment, which is recognized in the period of change and also will affect the amount of estimated unamortized compensation expense to be recognized in future periods.

Comprehensive Income—Comprehensive income consists of net income and net unrealized gains (losses) on securities available for sale and is presented in the consolidated statements of comprehensive income.

Derivative Instruments and Hedging—The Company recognizes all derivatives as either assets or liabilities in the balance sheet, and measures those instruments at fair value. Changes in the fair value of those derivatives are reported in current earnings or other comprehensive income depending on the purpose for which the derivative is held and whether the derivative qualifies for hedge accounting. Loan commitments related to the origination or acquisition of mortgage loans that will be held for sale must be accounted for as derivative instruments. The Company enters into commitments to originate loans whereby the interest rate on the loan is determined prior to funding (rate lock commitments). The Company also enters into forward sales commitments for the mortgage loans underlying the rate lock commitments. The fair values of these two derivative financial instruments are collectively insignificant to the consolidated financial statements.

Use of Estimates in Financial Statements—The preparation of financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

Recent Accounting Pronouncements—In December 2011, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2011-12, Deferral of the Effective Date for Amendments to the Presentation of Reclassifications of Items Out of Accumulated Other Comprehensive Income in ASU No. 2011-05. This ASU was made to allow FASB time to redeliberate whether to present on the face of the financial statements the effects of reclassifications out of accumulated other comprehensive income on the components of net income and other comprehensive income for all periods presented. While FASB is considering the operational concerns about the presentation requirements for reclassification adjustments, and the needs of financial statement users for additional information about reclassification adjustments, entities should continue to report reclassification out of accumulated other comprehensive income consistent with the presentation requirements in effect before ASU 2011-05. The amendments in this ASU were effective at the same time as the amendments in ASU 2011-05 so that entities will not be required to comply with the presentation requirements effective at the same time as the amendments in ASU 2011-05 that this ASU is deferring. The amendments in this ASU were effective for public entities for fiscal years, and interim periods within those years, beginning after December 15, 2011. The adoption of this ASU did not have a material effect on the Company’s Consolidated Financial Statements.

In July 2012, the FASB issued ASU No. 2012-02 “Testing Indefinite-Lived Intangible Assets for Impairment”, regarding goodwill which will allow an entity to first assess qualitative factors to determine whether it is necessary to perform the two-step quantitative goodwill impairment test. Under this ASU, an entity would not be required to calculate the fair value of a reporting unit unless the entity determines, based on a qualitative assessment, that it is more likely than not that its fair value is less than its carrying amount. The ASU includes a number of events and circumstances for an entity to consider in conducting the qualitative assessment. The guidance was effective for annual and interim goodwill impairment tests performed for fiscal years beginning after September 15, 2012. Early adoption was permitted, including for annual and interim goodwill impairment tests performed as of a date before July 27, 2012, if an entity’s financial statements for the most recent annual or interim period have not yet been issued or, for nonpublic entities, have not yet been made available for issuance. The adoption of this ASU did not have a material impact on the Company’s Consolidated Financial Statements.

In February 2013, the FASB issued ASU 2013-02 “Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income”. This ASU requires an entity to provide information about the amounts reclassified out of accumulated other comprehensive income by component. In addition, an entity is required to present, either on the face of the statement where net income is presented or in the notes, significant amounts reclassified out of accumulated other comprehensive income by the respective line items of net income but only if the amount reclassified is required under US GAAP to be reclassified to net income in its entirety in the same reporting period. For other amounts that are not required under US GAAP to be reclassified in their entirety to net income, an entity is required to cross-reference to other disclosures required under US GAAP that provide additional detail about these amounts. The new guidance was effective prospectively for reporting periods beginning after December 15, 2012. The adoption of this ASU did not have a material impact on the Company’s Consolidated Financial Statements.

2. Securities Available For Sale

12 Months Ended

Jun. 30, 2013

Notes

2. Securities Available For Sale

2. Securities Available for Sale

Securities available for sale consist of the following at the dates indicated:

	June 30, 2013
				Gross		Gross		Estimated
		Amortized		Unrealized		Unrealized		Fair
		Cost		Gains		Losses		Value
U.S. Government Agencies	$	6,000	$	2	$	-	$	6,002
Residential Mortgage-backed Securities
of U.S. Government Agencies and
Government-Sponsored Enterprises		18,794		81		(127)		18,748
Total	$	24,794	$	83	$	(127)	$	24,750

	June 30, 2012
				Gross		Gross		Estimated
		Amortized		Unrealized		Unrealized		Fair
		Cost		Gains		Losses		Value
U.S. Government Agencies	$	6,102	$	2	$	(2)	$	6,102
Residential Mortgage-backed Securities
of U.S. Government Agencies and
Government-Sponsored Enterprises		24,958		286		(11)		25,233
Total	$	31,060	$	288	$	(13)	$	31,335

Debt securities available for sale by contractual maturity at the dates indicated are shown below. Mortgage-backed securities are not included in the maturity categories because the borrowers in the underlying pools may prepay without penalty; therefore, it is unlikely that the securities will pay at their stated maturity schedule.

	June 30, 2013
		Amortized		Estimated
		Cost		Fair Value
Due within one year	$	-	$	-
Due after one year through five years		6,000		6,002
Due after five years through ten years		-		-
Due after ten years		-		-
Mortgage-backed securities		18,794		18,748
Total	$	24,794	$	24,750

	June 30, 2012
		Amortized		Estimated
		Cost		Fair Value
Due within one year	$	6,000	$	6,002
Due after one year through five years		102		100
Due after five years through ten years		-		-
Due after ten years		-		-
Mortgage-backed securities		24,958		25,233
Total	$	31,060	$	31,335

Gross proceeds and gross realized gains and losses from sales of securities recognized in net income follow:

	June 30,
		2013		2012		2011
Gross proceeds from sales of securities	$	-	$	-	$	8,555
Gross realized gains from sales of securities		-		-		443
Gross realized losses from sales of securities		-		-		13

Securities available for sale with costs totaling $21,429 and $15,563 with market values of $21,500 and $15,727 at June 30, 2013 and June 30, 2012, respectively, were pledged as collateral to secure various public deposits and retail repurchase agreements.

The gross unrealized losses and the fair value for securities available for sale aggregated by the length of time that individual securities have been in a continuous unrealized loss position as of June 30, 2013 and June 30, 2012 were as follows:

	June 30, 2013
	Less than 12 Months				12 Months or More				Total
		Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
		Value		Losses		Value		Losses		Value		Losses
Residential Mortgage-backed
Securities of U.S. Government
Agencies and Government-
Sponsored Enterprises		5,707		(122)		745		(5)		6,452		(127)
Total	$	5,707	$	(122)	$	745	$	(5)	$	6,452	$	(127)

	June 30, 2012
	Less than 12 Months				12 Months or More				Total
		Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
		Value		Losses		Value		Losses		Value		Losses
U.S. Government Agencies	$	-	$	-	$	100	$	(2)	$	100	$	(2)
Residential Mortgage-backed
Securities of U.S. Government
Agencies and Government-
Sponsored Enterprises		2,908		(8)		100		(3)		3,008		(11)
Total	$	2,908	$	(8)	$	200	$	(5)	$	3,108	$	(13)

The total number of securities with unrealized losses at June 30, 2013, and June 30, 2012 were 26 and 22, respectively. Unrealized losses on securities have not been recognized in income because management has the intent and ability to hold the securities for the foreseeable future, and has determined that it is not more likely than not that the Company will be required to sell the securities prior to a recovery in value. The decline in fair value was largely due to increases in market interest rates. The Company had no other than temporary impairment losses during the years ended June 2013, 2012 or 2011.

The Bank, as a member of the FHLB, is required to maintain an investment in FHLB capital stock. No ready market exists for the FHLB stock and the carrying value approximates its fair value based on the redemption provisions of the FHLB.

- Definition

Tabular disclosure of available-for-sale securities which includes, but is not limited to, changes in the cost basis and fair value, fair value and gross unrealized gain (loss), fair values by type of security, contractual maturity and classification, amortized cost basis, contracts to acquire securities to be accounted for as available-for-sale, debt maturities, transfers to trading, change in net unrealized holding gain (loss) net of tax, continuous unrealized loss position fair value, aggregate losses qualitative disclosures, other than temporary impairment (OTTI) losses or other disclosures related to available for sale securities.

+ References + Details

3. Loans

12 Months Ended

Jun. 30, 2013

Notes

3. Loans

3. Loans

Loans consist of the following at the dates indicated:

		June 30,		June 30,
		2013		2012
Retail consumer loans:
One- to four-family	$	602,980	$		620,486
Home equity lines of credit		125,676			143,052
Construction and land/lots		51,546			53,572
Consumer		3,349			3,819
Total retail consumer loans		783,551			820,929
Commercial loans:
Commercial real estate		231,086			238,644
Construction and development		23,994			42,362
Commercial and industrial		11,452			14,578
Municipal leases		116,377			115,516
Total commercial loans		382,909			411,100
Total loans		1,166,460			1,232,029
Deferred loan fees, net		(1,347)			(1,860)
Discount on loans from business combination		(930)			(1,124)
Total loans, net of deferred loan fees and discount		1,164,183			1,229,045
Allowance for loan and lease losses		(32,073)			(35,100)
Net loans	$	1,132,110	$		1,193,945

All the qualifying first mortgage loans, home equity lines of credit, and FHLB Stock are pledged as collateral by a blanket pledge to secure any outstanding FHLB advances.

The Company’s total loans by segment, class, and risk grade at the dates indicated follow:

				Special
		Pass		Mention		Substandard		Doubtful		Loss		Total
June 30, 2013
Retail consumer loans:
One- to four-family	$	537,329	$	14,003	$	47,896	$	3,715	$	37	$	602,980
Home equity lines of credit		117,438		1,374		6,679		184		1		125,676
Construction and land/lots		48,914		209		2,199		224		-		51,546
Consumer		3,144		62		134		6		3		3,349
Commercial loans:
Commercial real estate		179,310		20,105		27,116		4,555		-		231,086
Construction and development		9,872		2,853		10,950		318		1		23,994
Commercial and industrial		8,812		835		1,647		157		1		11,452
Municipal leases		114,418		1,959		-		-		-		116,377
Total loans	$	1,019,237	$	41,402	$	96,621	$	9,159	$	43	$	1,166,460

				Special
		Pass		Mention		Substandard		Doubtful		Loss		Total
June 30, 2012
Retail consumer loans:
One- to four-family	$	553,457	$	9,305	$	55,338	$	2,366	$	20	$	620,486
Home equity lines of credit		134,959		1,267		5,620		1,204		2		143,052
Construction and land/lots		48,759		704		3,084		1,025		-		53,572
Consumer		3,563		55		159		39		3		3,819
Commercial loans:
Commercial real estate		195,372		16,291		25,958		1,023		-		238,644
Construction and development		20,074		5,739		16,406		142		1		42,362
Commercial and industrial		9,818		1,073		3,527		157		3		14,578
Municipal leases		113,829		633		1,054		-		-		115,516
Total loans	$	1,079,831	$	35,067	$	111,146	$	5,956	$	29	$	1,232,029

The Company’s total loans by segment, class, and delinquency status at the dates indicated follows:

		Past Due								Total
		30-89 Days		90 Days+		Total		Current		Loans
June 30, 2013
Retail consumer loans:
One- to four-family	$	7,056	$	8,906	$	15,962	$	587,018	$	602,980
Home equity lines of credit		450		1,656		2,106		123,570		125,676
Construction and land/lots		242		429		671		50,875		51,546
Consumer		4		35		39		3,310		3,349
Commercial loans:
Commercial real estate		3,805		7,085		10,890		220,196		231,086
Construction and development		-		5,420		5,420		18,574		23,994
Commercial and industrial		193		172		365		11,087		11,452
Municipal leases		-		-		-		116,377		116,377
Total loans	$	11,750	$	23,703	$	35,453	$	1,131,007	$	1,166,460

		Past Due								Total
		30-89 Days		90 Days+		Total		Current		Loans
June 30, 2012
Retail consumer loans:
One- to four-family	$	10,532	$	11,629	$	22,161	$	598,325	$	620,486
Home equity lines of credit		388		2,613		3,001		140,051		143,052
Construction and land/lots		789		1,405		2,194		51,378		53,572
Consumer		54		35		89		3,730		3,819
Commercial loans:
Commercial real estate		4,188		6,071		10,259		228,385		238,644
Construction and development		331		6,001		6,332		36,030		42,362
Commercial and industrial		155		266		421		14,157		14,578
Municipal leases		-		-		-		115,516		115,516
Total loans	$	16,437	$	28,020	$	44,457	$	1,187,572	$	1,232,029

The Company’s recorded investment in loans, by segment and class, that are not accruing interest or are 90 days or more past due and still accruing interest at the dates indicated follow:

		June 30, 2013				June 30, 2012
				90 Days + &				90 Days + &
		Non-accruing		still accruing		Non-accruing		still accruing
Retail consumer loans:
One- to four-family	$	29,811	$	-	$	27,659	$	-
Home equity lines of credit		3,793		-		4,781		-
Construction and land/lots		2,172		-		3,437		-
Consumer		42		-		76		-
Commercial loans:
Commercial real estate		21,149		-		15,008		-
Construction and development		10,172		-		12,583		-
Commercial and industrial		1,422		-		637		-
Municipal leases		-		-		-		-
Total loans	$	68,561	$	-	$	64,181	$	-

TDRs are loans which have renegotiated loan terms to assist borrowers who are unable to meet the original terms of their loans. Such modifications to loan terms may include a lower interest rate, a reduction in principal, or a longer term to maturity. Additionally, all TDRs are considered impaired.

The Company’s loans that were performing under the payment terms of TDRs that were excluded from non-accruing loans above at the dates indicated follow:

		June 30,		June 30,
		2013		2012
Performing TDRs included in
impaired loans	$	14,012	$	20,588

An analysis of the allowance for loan losses by segment for the periods shown is as follows:

	June 30, 2013
	Retail
	Consumer	Commercial	Total
Balance at beginning of period	$21,172	$13,928	$35,100
Provision for loan losses	3,641	(2,541)	1,100
Charge-offs	(3,715)	(3,276)	(6,991)
Recoveries	854	2,010	2,864
Balance at end of period	$21,952	$10,121	$32,073

	June 30, 2012
	Retail
	Consumer	Commercial	Total
Balance at beginning of period	$23,538	$26,602	$50,140
Provision for loan losses	14,021	1,579	15,600
Charge-offs	(16,749)	(16,063)	(32,812)
Recoveries	362	1,810	2,172
Balance at end of period	$21,172	$13,928	$35,100

	June 30, 2011
	Retail
	Consumer	Commercial	Total
Balance at beginning of period	$14,748	$26,965	$41,713
Provision for loan losses	15,404	27,396	42,800
Charge-offs	(6,835)	(28,495)	(35,330)
Recoveries	221	736	957
Balance at end of period	$23,538	$26,602	$50,140

The Company’s ending balances of loans and the related allowance, by segment and class, at the dates indicated follows:

		Allowance for Loan Losses						Total Loans Receivable
		Loans						Loans
		individually		Loans				individually		Loans
		evaluated for		Collectively				evaluated for		Collectively
		impairment		Evaluated		Total		impairment		Evaluated		Total
June 30, 2013
Retail consumer loans:
One- to four-family	$	1,028	$	14,070	$	15,098	$	35,426	$	567,554	$	602,980
Home equity		479		3,348		3,827		4,322		121,354		125,676
Construction and land/lots		19		2,871		2,890		1,844		49,702		51,546
Consumer		3		135		138		3		3,346		3,349
Commercial loans:
Commercial real estate		110		6,473		6,583		19,446		211,640		231,086
Construction and development		255		2,144		2,399		9,780		14,214		23,994
Commercial and industrial		1		155		156		2,305		9,147		11,452
Municipal leases		-		982		982		-		116,377		116,377
Total	$	1,895	$	30,178	$	32,073	$	73,126	$	1,093,334	$	1,166,460

		Allowance for Loan Losses						Total Loans Receivable
		Loans						Loans
		individually		Loans				individually		Loans
		evaluated for		Collectively				evaluated for		Collectively
		impairment		Evaluated		Total		impairment		Evaluated		Total

June 30, 2012
Retail consumer loans:
One- to four-family	$	596	$	13,961	$	14,557	$	36,011	$	584,475	$	620,486
Home equity		238		3,293		3,531		4,382		138,670		143,052
Construction and land/lots		68		2,887		2,955		3,772		49,800		53,572
Consumer		2		127		129		3		3,816		3,819
Commercial loans:
Commercial real estate		407		6,047		6,454		20,266		218,378		238,644
Construction and development		154		6,099		6,253		14,389		27,973		42,362
Commercial and industrial		111		204		315		2,965		11,613		14,578
Municipal leases		-		906		906		-		115,516		115,516
Total	$	1,576	$	33,524	$	35,100	$	81,788	$	1,150,241	$	1,232,029

The Company’s impaired loans and the related allowance, by segment and class, at the dates indicated follows:

		Total Impaired Loans
		With a		With No				Related
		Recorded		Recorded				Recorded
		Allowance		Allowance		Total		Allowance
June 30, 2013
Retail consumer loans:
One- to four-family	$	14,194	$	30,219	$	44,413	$	1,176
Home equity lines of credit		3,303		2,651		5,954		518
Construction and land/lots		551		1,649		2,200		38
Consumer		39		3		42		4
Commercial loans:
Commercial real estate		998		22,716		23,714		119
Construction and development		518		10,034		10,552		256
Commercial and industrial		-		2,864		2,864		-
Municipal leases		-		-		-		-
Total impaired loans	$	19,603	$	70,136	$	89,739	$	2,111

		Total Impaired Loans
		With a		With No				Related
		Recorded		Recorded				Recorded
		Allowance		Allowance		Total		Allowance

June 30, 2012
Retail consumer loans:
One- to four-family	$	7,787	$	32,802	$	40,589	$	685
Home equity lines of credit		1,163		4,093		5,256		256
Construction and land/lots		462		3,440		3,902		75
Consumer		73		3		76		4
Commercial loans:
Commercial real estate		2,281		18,214		20,495		413
Construction and development		1,616		13,461		15,077		289
Commercial and industrial		501		2,779		3,280		115
Municipal leases		-		-		-		-
Total impaired loans	$	13,883	$	74,792	$	88,675	$	1,837

The table above includes $16,613 and $6,887, of impaired loans that were not individually evaluated at June 30, 2013 and June 30, 2012, respectively, because these loans did not meet the Company’s threshold for individual impairment evaluation. The recorded allowance above includes $216 and $261 related to these loans that were not individually evaluated at June 30, 2013 and June 30, 2012, respectively.

The Company’s average recorded investment in loans individually evaluated for impairment, period end unpaid principal balance as of the dates indicated below and interest income recognized on impaired loans for the year ended as follows:

	June 30, 2013						June 30, 2012
		Average		Unpaid		Interest		Average		Unpaid		Interest
		Recorded		Principal		Income		Recorded		Principal		Income
		Investment		Balance		Recognized		Investment		Balance		Recognized
Retail consumer loans:
One- to four-family	$	44,060	$	49,176	$	1,867	$	42,829	$	41,006	$	1,799
Home equity lines of credit		5,869		9,405		194		5,531		8,329		208
Construction and land/lots		2,906		4,617		169		4,926		8,244		253
Consumer		67		184		3		48		98		1
Commercial loans:
Commercial real estate		25,501		28,136		1,014		21,249		25,679		1,184
Construction and development		12,161		17,986		425		26,994		23,070		763
Commercial and industrial		3,006		3,801		153		3,138		4,535		218
Municipal leases		-		-		-		531		-		-
Total loans	$	93,570	$	113,305	$	3,825	$	105,246	$	110,961	$	4,426

The following table presents a breakdown of the types of concessions made on TDRs by loan class:

	Year Ended June 30, 2013					Year Ended June 30, 2012
	Number of Loans		Pre Modification Outstanding Recorded Investment		Post Modification Outstanding Recorded Investment	Number of Loans		Pre Modification Outstanding Recorded Investment		Post Modification Outstanding Recorded Investment

Below market interest rate:
Retail consumer:
One- to four-family	4	$	1,121	$	1,103	27	$	9,347	$	9,057
Home equity lines of credit	-		-		-	3		83		81
Construction and land/lots	-		-		-	2		175		171
Commercial:
Commercial real estate	1		237		231	1		285		280
Construction and development	-		-		-	2		760		254
Total	5	$	1,358	$	1,334	35	$	10,650	$	9,843

Extended payment terms:
Retail consumer:
One- to four-family	2	$	87	$	83	15	$	1,784	$	1,738
Home equity lines of credit	4		85		80	2		73		70
Commercial:
Commercial real estate	-		-		-	3		965		891
Construction and development	-		-		-	2		2,694		2,694
Commercial and industrial	1		10		10	3		106		100
Total	7	$	182	$	173	25	$	5,622	$	5,493

Other TDRs:
Retail consumer:
One- to four-family	85	$	6,830	$	6,456	12		2,261		2,348
Home equity lines of credit	39		1,232		1,157	1		35		35
Construction and land/lots	8		395		377	1		181		170
Commercial:
Commercial real estate	4		1,651		1,119	7		2,786		2,435
Construction and development	-		-		-	7		2,827		1,704
Commercial and industrial	1		30		27	-		-		-
Total	137	$	10,138	$	9,136	28	$	8,090	$	6,692

Total	149	$	11,678	$	10,643	88	$	24,362	$	22,028

During the year ended June 30, 2013, one to four family TDRs increased by 91 loans or $8.0 million and home equity lines of credit TDRs increased by 43 loans or $1.3 million, including including 77 one- to four-family TDRs totaling $4.9 million and 41 home equity lines of credit TDRs totaling $1.2 million representing loans classified as TDRs as a result of recent regulatory reporting requirements of the Office of the Comptroller of the Currency (“OCC”), the Bank’s primary federal regulator, requiring that banks classify mortgages and other loans discharged by troubled borrowers in bankruptcy as TDRs.

The following table presents loans that were modified as TDRs within the previous twelve months and for which there was a payment default during the years ended June 30, 2013 and 2012.

	Year Ended June 30, 2013			Year Ended June 30, 2012
	Number of		Recorded	Number of		Recorded
	Loans		Investment	Loans		Investment
Below market interest rate:
Retail consumer:
One- to four-family	-	$	-	8	$	2,713
Consumer	-		-	1		55
Total	-	$	-	9	$	2,768

Extended payment terms:
Retail consumer:
One to four family	2	$	83	5	$	501
Home equity lines of credit	1		12	-		-
Commercial:
Construction and development	-		-	2		2,694
Commercial and industrial	1		10	-		-
Total	4	$	105	7	$	3,195

Other TDRs:
Retail consumer:
One- to four-family	27	$	2,510	3	$	404
Home equity lines of credit	6		111	-		-
Construction and land/lots	5		164	1		171
Commercial:
Commercial real estate	3		126	4		640
Construction and development	-		-	1		531
Commercial and industrial	1		27	-		-
Total	42	$	2,938	9	$	1,746
Total	46	$	3,043	25	$	7,709

Loans that were modified as TDRs within the previous twelve months for which there was a payment default during the year ended June 30, 2013 included 23 one- to four-family loans totaling $1.3 million due to the addition of loans where the borrower’s obligation to the Company has been discharged in bankruptcy, per regulatory guidance. Other TDRs include TDRs that have a below market interest rate and extended payment terms. The Company does not typically forgive principal when restructuring troubled debt.

In the determination of the allowance for loan losses, management considers TDRs for all loan classes, and the subsequent nonperformance in accordance with their modified terms, by measuring impairment on a loan-by-loan basis based on either the value of the loan’s expected future cash flows discounted at the loan’s original effective interest rate or on the collateral value, net of the estimated costs of disposal, if the loan is collateral dependent.

- Definition

The entire disclosure for claims held for amounts due a entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses.

+ References + Details

4. Premises and Equipment

12 Months Ended

Jun. 30, 2013

Notes

4. Premises and Equipment

4. Premises and Equipment

Premises and equipment consist of the following:

	June 30,
	2013		2012
Land		$5,720		$5,720
Land held under capital lease		2,052		2,052
Office buildings		26,286		25,855
Furniture, fixtures and equipment		12,456		11,521
Total		46,514		45,148
Less accumulated depreciation		(24,114)		(22,042)
Premises and equipment, net		$22,400		$23,106

5. Accrued Interest Receivable

12 Months Ended

Jun. 30, 2013

Notes

5. Accrued Interest Receivable

5. Accrued Interest Receivable

Accrued interest receivable consists of the following:

	June 30,
		2013	2012
Loans		$5,392	$5,871
Securities available for sale		35	42
Other		122	95
Total		$5,549	$6,008

6. Deposit Accounts

12 Months Ended

Jun. 30, 2013

Notes

6. Deposit Accounts

6. Deposit Accounts

Deposit accounts consist of the following:

			Weighted Average
			Interest Rates
	June 30,		June 30,
	2013	2012	2013	2012
Noninterest-bearing accounts	$60,828	$57,109	0.00%	0.00%
NOW accounts	195,659	173,574	0.11%	0.19%
Money market accounts	275,718	257,865	0.28%	0.39%
Savings accounts	82,158	347,669	0.19%	0.17%
Certificates of deposit	540,387	629,958	0.90%	1.22%
Total	$1,154,750	$1,466,175	0.52%	0.66%

Maturities of certificates of deposit are as follows:

	June 30, 2013		June 30, 2012
Within 1 year		$374,514		$445,111
1 year to 2 years		75,944		87,122
2 years to 3 years		44,097		36,276
3 years to 4 years		25,321		31,046
4 years to 5 years		20,511		30,403
Total		$540,387		$629,958

Certificates of deposit with balances of $100 or greater totaled $266,458 and $302,246 at June 30, 2013 and 2012, respectively. Generally, deposit amounts in excess of $250,000 are not federally insured.

Interest expense on deposits consists of the following:

	June 30,
		2013	2012	2011
NOW accounts		$212	$320	$457
Money market accounts		895	1,397	1,852
Savings accounts		199	314	508
Certificates of deposit		5,669	8,213	14,981
Total		$6,975	$10,244	$14,798

In December 2010, the Bank incurred a loss of approximately $4,500 related to a check kiting scheme by one of its customers. This loss is included in other expense on the consolidated statements of income for June 30, 2011.

7. Other Borrowings

12 Months Ended

Jun. 30, 2013

Notes

7. Other Borrowings

7. Other Borrowings

Other borrowings consist of:

	June 30,
	2013			2012
		Balance	Weighted Average Rate		Balance	Weighted Average Rate
FHLB advances maturing:
Within one year	$	-	-	$	-	0.00%
One year to five years		-	-		80	2.00%
Five to ten years		-	-		15,000	4.96%
Retail repurchase agreements		-	-		7,185	.24%
Total	$	-	-	$	22,265	3.43%

Securities available for sale with costs totaling $11,868 (market value of $11,931) were pledged as collateral for the retail repurchase agreements at June 30, 2012. No retail repurchase agreements existed at June 30, 2013. All qualifying first mortgage loans, home equity lines of credit, and FHLB Stock were pledged as collateral to secure the FHLB advances.

In fiscal years ended June 2013 and 2012 and 2011, the Company prepaid $15,100, $11,000, and $64,000 of FHLB advances with weighted average interest rates of 4.88%, 6.02%, and 4.47%, respectively. The Company incurred prepayment penalties on these transactions of $3,069, $2,111, and $3,988, respectively, which is disclosed in the consolidated statements of income.

8. Capital Lease Obligations

12 Months Ended

Jun. 30, 2013

Notes

8. Capital Lease Obligations

8. Leases

The Company leases certain real property under long-term operating lease agreements. Rent expense under operating leases was $653, $403, and $250 for the years ended June 30, 2013, 2012, and 2011, respectively.

The following schedule summarizes aggregate future minimum lease payments under these operating leases at June 30, 2013.

Fiscal year ending:		June 30, 2013

2014	$	698
2015		692
2016		699
2017		613
Thereafter		774
Present value of net minimum lease payments	$	3,476

The Company currently leases land for one of its retail office locations under a capital lease. Leases that meet the criteria for capitalization are recorded as assets and the related obligations are reflected as capital lease obligations on the accompanying balance sheets, because the lease has been deemed to have a bargain purchase option. Included in premises and equipment at June 30, 2013 and June 30, 2012 is $2,052 as the capitalized cost of the leased land.

Aggregate future minimum lease payments due under this capital lease obligation are as follows:

Fiscal year ending:		June 30, 2013

2014	$	122
2015		122
2016		122
2017		123
2018-2029		2,930
Total minimum lease payments		3,419
Less: amount representing interest		(1,403)
Present value of net minimum lease payments	$	2,016

9. Income Taxes

12 Months Ended

Jun. 30, 2013

Notes

9. Income Taxes

9. Income Taxes

Income tax expense (benefit) consists of:

	June 30,
		2013		2012		2011
Current:
Federal	$	324	$	(118)	$	(1,619)
State		44		8		51
Total current expense (benefit)		368		(110)		(1,568)
Deferred:
Federal		911		(769)		(9,664)
State		696		232		(2,031)
Total deferred expense (benefit)		1,607		(537)		(11,695)
Total income tax expense (benefit)	$	1,975	$	(647)	$	(13,263)

Income tax expense (benefit) differed from the amounts computed by applying the U.S. federal income tax rate of 34% to pretax income from continuing operations before income taxes as a result of the following:

	Year Ended June 30,
	2013			2012			2011
		$	Rate		$	Rate		$	Rate

Tax at federal income tax rate	$	3,749	34%	$	1,319	34%	$	(9,520)	(34)%
Increase (decrease) resulting from:
Tax exempt income		(1,946)	(18)		(2,136)	(55)		(2,049)	(7)
Gain from business combination		-	-		-	-		(1,987)	(7)
Change in valuation allowance for deferred tax assets, allocated to income tax expense		(390)	(4)		28	1		2,028	7
State tax, net of federal benefit		489	4		156	4		(1,306)	(5)
Other		73	1		(14)	(1)		(429)	(1)
Total	$	1,975	18%	$	(647)	(17)%	$	(13,263)	(47)%

The sources and tax effects of temporary differences that give rise to significant portions of the deferred tax assets (liabilities) at June 30, 2013 and 2012 are presented below:

		June 30,
		2013		2012
Deferred tax assets:
Alternative minimum tax credit	$	3,650	$	3,422
Allowance for loan losses		12,564		13,281
Deferred compensation and post-retirement benefits		16,998		17,067
Accrued vacation and sick leave		358		361
Impairments on real estate owned		972		1,177
Capital loss carryforward		10		579
Net operating loss carryforward		16,336		16,920
Discount from business combination		509		571
Unrealized loss on securities held for sale		16		-
Other		590		896
Total gross deferred tax assets		52,003		54,274
Less valuation allowance		(2,178)		(2,570)
Deferred tax assets		49,825		51,704

Deferred tax (liabilities):
Depreciable basis of fixed assets		(1,026)		(1,257)
Deferred loan fees		(530)		(546)
FHLB stock, book basis in excess of tax		(147)		(777)
Stock Compensation Plans		(694)		-
Unrealized gain on securities available for sale		-		(93)
Other		-		(104)
Total gross deferred tax liabilities		(2,397)		(2,777)
Net deferred tax assets	$	47,428	$	48,927

The Company has net operating loss carry forwards of $42.9 million and $43.7 million as of June 30, 2013 and June 30, 2012, respectively, with a recorded tax benefit of $16.3 million and $16.9 million included in deferred tax assets. These loss carryforwards will begin to expire for federal tax purposes as of June 30, 2031.

The valuation allowance for deferred tax assets as of June 30, 2013 and 2012 was $2,178 and $2,570, respectively. The net change in the total valuation allowance for June 30, 2013 and 2012 was ($392) and $28, respectively, which relates primarily to North Carolina state income taxes due to limitations on state net operating loss carry forwards. In assessing the realizability of deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax assets will not be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which those temporary differences become deductible. Management performed a robust evaluation of the Company’s deferred tax assets at June 30, 2013 and June 30, 2012. Management considered all available positive and negative evidence including the possibility of future reversals of existing taxable temporary differences, projected future taxable income, tax planning strategies, and recent financial performance in making this assessment. Negative evidence considered included the Company’s pre-tax loss for the year ended June 30, 2011 and relatively high net loan chargeoffs during the years ended June 30, 2012 and 2011. Positive evidence considered included pre-tax income for the year ended June 30, 2013 and 2012, the Company’s history of generating taxable income, no prior history of generating loss carry forwards or expiration of loss carry forwards, its regulatory “well capitalized” status, the long-term nature of the deferred compensation deferred tax asset, the Company’s improving credit quality indicators, and its ability to sell its municipal lease portfolio to convert current tax-free income to future taxable income. Based upon this evaluation, management believes there is more positive evidence than negative evidence and it is more likely than not the Company will realize the benefits of these deductible differences, net of the existing valuation allowances at June 30, 2013 and June 30, 2012. The amount of the deferred tax asset considered realizable, however, could be reduced in the near term if negative trends occur with credit quality and earnings during the carryforward period.

Retained earnings at June 30, 2013 and 2012 include $19,570 representing pre-1988 tax bad debt reserve base year amounts for which no deferred tax liability has been provided since these reserves are not expected to reverse and may never reverse. Circumstances that would require an accrual of a portion or all of this unrecorded tax liability are a failure to meet the definition of a bank, dividend payments in excess of current year or accumulated earnings and profits, or other distributions in dissolution or liquidation of the Bank.

Income tax returns subsequent to 2009 are subject to examination by the taxing authorities.

10. Employee Benefit Plans

12 Months Ended

Jun. 30, 2013

Notes

10. Employee Benefit Plans

10. Employee Benefit Plans

The Company has a 401(k) savings/profit-sharing plan for its employees. The Company matches employee contributions dollar for dollar up to 6% of each employee’s compensation. The Company may also make discretionary profit sharing contributions for the benefit of all eligible participants as long as total contributions do not exceed applicable limitations. Employees become fully vested in the Company’s contributions after six years of service. The Company’s expense for 401(k) contributions to this plan was $827, $320, and $450 for the years ended June 30, 2013, 2012, and 2011, respectively.

Post-retirement health care benefits are provided to certain key officers under the Company’s Executive Medical Care Plan (“EMCP”). The EMCP is unfunded and is not qualified under the Internal Revenue Code. Plan expense (benefit) for the years ended June 30, 2013, 2012, and 2011 was $229, $197, and ($766), respectively. The decrease in expense for 2011 was due to a change in the cost estimate of the rate of increase of future medical care premiums for certain participants in the plan. Total accrued expenses related to this plan included in other liabilities were $4,952 and $4,846, respectively, as of June 30, 2013 and 2012.

11. Deferred Compensation Agreements

12 Months Ended

Jun. 30, 2013

Notes

11. Deferred Compensation Agreements

11. Deferred Compensation Agreements

The Company’s Director Emeritus Plans (“Plans”) provides certain benefits to Emeritus Directors for providing current advisory services to the Company. The Plans are unfunded and are not qualified under the Internal Revenue Code. Plan benefits vary by participant and are payable to a designated beneficiary in the event of death. The Company records an expense based on the present value of expected future benefits. The Plans were revised during 2013 and 2011 to update participants and change future benefits. These revisions were approved by the Board of Directors. Plan expenses for the years ended June 30, 2013, 2012, and 2011 were $471, $553, and $2,369 respectively. Total accrued expenses related to these plans included in other liabilities were $10,996 and $11,700, respectively, as of June 30, 2013 and 2012.

The Company has deferred compensation agreements with certain members of the Company’s Board of Directors. The future payments related to these agreements are to be funded with life insurance contracts which are payable to the Company in the event of the director’s death. For the years ended June 30, 2013, 2012, and 2011 deferred compensation expense including the net gain on the insurance contracts was ($18), ($82), and $43, respectively.

The net cash surrender value of the related life insurance policies and deferred compensation liability are detailed below:

	June 30,
		2013		2012
Net cash surrender value of life insurance, related to deferred compensation	$	6,238	$	6,533
Deferred compensation liability, included in other liabilities		1,827		1,931

Long term deferred compensation and supplemental retirement plans are provided to certain key current and former officers. These plans are unfunded and are not qualified under the Internal Revenue Code. The benefits will vary by participant and are payable to a designated beneficiary in the event of death. Plan expenses for the years ended June 30, 2013, 2012, and 2011 were $1,014, $1,155, and $1,681, respectively. Total accrued expenses related to these plans included in other liabilities were $20,694 and $20,386, respectively, as of June 30, 2013 and 2012.

In addition, the Company has a deferred compensation plan provided to certain officers and directors. The plan allows the participants to defer any of their annual compensation, including bonus payments, up to the maximum allowed for each participant. The plan is unfunded and is not qualified under the Internal Revenue Code. Plan expenses for the years ended June 30, 2013, 2012, and 2011 were $243, $260, and $254 respectively. The total deferred compensation plan payable included in other liabilities was $5,948 and $5,679, respectively as of June 30, 2013 and 2012.

12. Employee Stock Ownership Plan

12 Months Ended

Jun. 30, 2013

Notes

12. Employee Stock Ownership Plan

12. Employee Stock Ownership Plan

In connection with the Conversion, the Bank established the ESOP for the benefit of all of its eligible employees. Shares released are allocated to each eligible participant based on the ratio of each participant’s compensation, as defined in the ESOP, to the total compensation of all eligible plan participants. Forfeited shares shall be reallocated among other participants in the Plan. At the discretion of the Bank, cash dividends, when paid on allocated shares, will be distributed to participants’ accounts, paid in cash to the participants, or used to repay the principal and interest on the ESOP loan used to acquire Company stock on which dividends were paid. Cash dividends on unallocated shares will be used to repay the outstanding debt of the ESOP.

Compensation expense related to the ESOP for the fiscal year ended June 30, 2013 was $749. Shares held by the ESOP include the following:

	June 30,
	2013
Unallocated ESOP shares		1,005,100
ESOP shares committed to be released		52,900
Total ESOP shares		1,058,000
Fair value of unallocated ESOP shares	$	17,046

13. Net Income Per Share

12 Months Ended

Jun. 30, 2013

Notes

13. Net Income Per Share

13. Net Income per Share

The following is a reconciliation of the numerator and denominator of basic and diluted net income per share of common stock (in thousands, except share and per share data):

	June 30,
		2013		2012

Numerator:
Net income available to common stockholders	$	9,053	$	4,527
Denominator:
Weighted-average common shares outstanding - basic		19,922,283		-
Effect of dilutive shares		19,404		-
Weighted-average common shares outstanding - diluted		19,941,687		-
Net income per share - basic	$	0.45	$	-
Net income per share - diluted	$	0.45	$	-

14. Equity Incentive Plan

12 Months Ended

Jun. 30, 2013

Notes

14. Equity Incentive Plan

14. Equity Incentive Plan

On January 17, 2013, the Company’s stockholders approved the 2013 Omnibus Incentive Plan, which provides for awards of restricted stock, restricted stock units, stock options, stock appreciation rights and cash awards to directors, emeritus directors, officers, employees and advisory directors. The cost of equity-based awards under the 2013 Omnibus Incentive Plan generally is based on the fair value of the awards on their grant date. The maximum number of shares that may be utilized for awards under the plan is 2,962,400, including 2,116,000 for stock options and stock appreciation rights and 846,400 for awards of restricted stock and restricted stock units.

Shares of common stock issued under the 2013 Omnibus Incentive Plan may be authorized but unissued shares or, in the case of restricted stock awards, may be repurchased shares. As of June 30, 2013, the Company had repurchased all 846,400 shares on the open market for issuance under the 2013 Omnibus Incentive Plan, for $13.3 million, at an average cost of $15.71 per share.

Share based compensation expense related to stock options and restricted stock recognized for the fiscal year ended June 30, 2013 was $1,113 before the related tax benefit of $434.

The table below presents stock option activity for the fiscal year ended June 30, 2013:

		Weighted-	Remaining	Aggregate
		average	contractual life	Intrinsic
	Options	exercise price	(years)	Value
Options outstanding at June 30, 2012	-	-	-
Granted	1,557,000	$14.37	9.6
Exercised	-	-	-
Forfeited	-	-	-
Expired	-	-	-
Options outstanding at June 30, 2013	1,557,000	$14.37	9.6	$4,033

The fair value of each option is estimated on the date of grant using the Black-Scholes-Merton option pricing model. The weighted average fair value of each option granted in 2013 was $4.50. Assumptions used for grants were as follows:

Assumptions in Estimating Option Values
Weighted-average volatility	28.19%
Expected dividend yield	0.00%
Risk-free interest rate	1.28%
Expected life (years)	6.6

At June 30, 2013, the Company had $6.5 million of unrecognized compensation expense related to 1,557,000 stock options scheduled to vest over five- and seven-year vesting periods. The weighted average period over which compensation cost related to non-vested awards is expected to be recognized was 4.7 years at June 30, 2013. No awards were vested as of June 30, 2013. All unexercised options expire ten years after the grant date

The table below presents restricted stock award activity for the year ended June 30, 2013:

		Weighted-	Aggregate
	Restricted	average grant	Intrinsic
	stock awards	date fair value	Value
Non-vested at June 30, 2012	-	-
Granted	511,300	$14.37
Vested	-	-
Forfeited	-	-
Non-vested at June 30, 2013	511,300	$14.37	$8,672

At June 30, 2013, unrecognized compensation expense was $6.8 million related to 511,300 shares of restricted stock scheduled to vest over five- and seven-year vesting periods. The weighted average period over which compensation cost related to non-vested awards is expected to be recognized was 4.7 years at June 30, 2013.

15. Commitments and Contingencies

12 Months Ended

Jun. 30, 2013

Notes

15. Commitments and Contingencies

15. Commitments and Contingencies

Loan Commitments – Legally binding commitments to extend credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. Since many commitments may expire without being drawn upon, the total commitment amounts do not necessarily represent future cash requirements. In the normal course of business, there are various outstanding commitments to extend credit that are not reflected in the consolidated financial statements. At June 30, 2013 and June 30, 2012, respectively, loan commitments (excluding $27,013 and $14,960 of undisbursed portions of construction loans) totaled $27,147 and $44,736 of which $3,083 and $5,322 were variable rate commitments and $24,064 and $39,414 were fixed rate commitments. The fixed rate loans had interest rates ranging from 2.50% to 9.25% at June 30, 2013 and 3.59% to 5.75% at June 30, 2012, and terms ranging from 6 to 30 years. Pre-approved but unused lines of credit (principally second mortgage home equity loans and overdraft protection loans) totaled $151,611 and $154,283 at June 30, 2013 and 2012, respectively. These amounts represent the Company’s exposure to credit risk, and in the opinion of management have no more than the normal lending risk that the Company commits to its borrowers. The Company has freestanding derivative instruments consisting of commitments to originate fixed rate conforming loans and commitments to sell fixed rate conforming loans. The fair value of these commitments was not material at June 30, 2013 or June 30, 2012.

The Company grants construction and permanent loans collateralized primarily by residential and commercial real estate to customers throughout its primary market area. In addition, the Company grants municipal leases to customers throughout North and South Carolina. The Company’s loan portfolio can be affected by the general economic conditions within these market areas. Management believes that the Company has no concentration of credit in the loan portfolio.

Restrictions on Cash – The Bank is required by regulation to maintain a varying cash reserve balance with the Federal Reserve System. The daily average calculated cash reserve required as of June 30, 2013 and June 30, 2012 was $1,284, and $1,121, respectively, which was satisfied by vault cash and balances held at the Federal Reserve.

Guarantees – Standby letters of credit obligate the Company to meet certain financial obligations of its customers, if, under the contractual terms of the agreement, the customers are unable to do so. The financial standby letters of credit issued by the Company are irrevocable and payment is only guaranteed upon the borrower’s failure to perform its obligations to the beneficiary. Total commitments under standby letters of credit as of June 30, 2013 and June 30, 2012 were $66 and $75. There was no liability recorded for these letters of credit at June 30, 2013 or June 30, 2012.

Litigation – The Company is involved in several litigation matters in the ordinary course of business. One matter, originally filed in March 2012, involves claims of $12.5 million in compensatory damages and a request for additional punitive treble damages resulting from the purported failure of the Company and a third party brokerage firm to discover a Ponzi scheme conducted by a customer holding accounts at each entity. The Company believes that the lawsuit is without merit and intends to defend itself vigorously. Management, after review with its legal counsel, is of the opinion that this litigation should not have a material effect on the Company’s financial position or results of operations, although new developments could result in management modifying its assessment. There can be no assurance that the Company will successfully defend or resolve this litigation matter.

The Company is also subject to a variety of other legal matters that have arisen in the ordinary course of our business. In the current economic environment, litigation has increased significantly, primarily as a result of defaulted borrowers asserting claims to defeat or delay foreclosure proceedings. There can be no assurance that loan workouts and other activities will not expose the Company to additional legal actions, including lender liability or environmental claims. Therefore, the Company may be exposed to substantial liabilities, which could adversely affect its results of operations and financial condition. Moreover, the expenses of legal proceedings will adversely affect its results of operations until they are resolved.

16. Capital

12 Months Ended

Jun. 30, 2013

Notes

16. Capital

16. Capital

As a savings and loan holding company regulated by the Federal Reserve Board, the Company is not currently subject to any separate regulatory capital requirements, however, the Bank must maintain various minimum capital ratios established by banking regulators to be categorized as well capitalized. Failure of the Bank to maintain these minimum capital ratios may be deemed to constitute an unsafe and unsound banking practice and could subject the Bank to regulatory action. As of June 30, 2013, the most recent notification from the OCC categorized the Bank as well capitalized under the regulatory framework for prompt corrective action. There are no conditions or events since that notification that management believes have changed the institution’s category.

The Bank’s actual and required minimum capital amounts and ratios as of June 30, 2013 and 2012, are presented below:

	Actual			For Capital Adequacy Purposes				To Be Well Capitalized Under Prompt Corrective Action Provisions
		Amount	Ratio		Amount	Ratio		Amount	Ratio

As of June 30, 2013:
Tier I Capital (to Total Adjusted Assets)	$	228,454	15.25%	$	59,920	4.00%	$	74,901	5.00%
Tier I Capital (to Risk-weighted Assets)	$	228,454	21.89%	$	-	-%	$	62,620	6.00%
Total Risk-based Capital (to Risk- weighted Assets)	$	241,736	23.16%	$	83,493	8.00%	$	104,367	10.00%

As of June 30, 2012:
Tier I Capital (to Total Adjusted Assets)	$	122,273	7.32%	$	66,801	4.00%	$	83,502	5.00%
Tier I Capital (to Risk-weighted Assets)	$	122,273	11.18%	$	-	-%	$	65,634	6.00%
Total Risk-based Capital (to Risk- weighted Assets)	$	136,216	12.45%	$	87,512	8.00%	$	109,390	10.00%

A reconciliation of the Bank’s total equity capital under US GAAP and regulatory capital amounts follows:

	June 30,
	2013	2012

Total equity capital under US GAAP	$276,669	$172,485
Accumulated other comprehensive (income) loss, net of tax	29	(181)
Investment in nonincludable subsidiary	(696)	(898)
Disallowed deferred tax assets	(47,428)	(48,927)
Other	(120)	(206)
Tier I Capital	228,454	122,273
Allowable portion of allowance for loan losses	13,282	13,943
Total Risk-based Capital	$241,736	$136,216

- Definition

The entire disclosure for banks, savings institutions, and credit unions, for regulatory capital requirements imposed by the Federal Reserve System (FRB), the Federal Deposit Insurance Corporation (FDIC), the Office of Thrift Supervision (OTS) or for any state imposed capital requirements, as applicable. The disclosure may include (1) a description of regulatory capital requirements (a) for capital adequacy purposes and (b) established by the prompt corrective action provisions of Section 38 of the Federal Depository Insurance Act; (2) the actual or possible material effects of noncompliance with such requirements; (3) whether the entity is in compliance with the regulatory capital requirements including (a) required and actual ratios and amounts of Tier 1 leverage, Tier 1 risk-based, and total risk-based capital, tangible capital (for savings institutions), and Tier 3 capital for market risk (for certain banks and bank holding companies), (b) factors that may significantly affect capital adequacy; (4) the prompt corrective action category in which the entity was classified as of its most recent notification; (5) whether management believes any conditions or events since notification have changed the entity's category. Also may include additional information that might be disclosed in situations where substantial doubt about the entity's ability to continue as a going concern for a reasonable period of time.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 505
-Section 50
-Paragraph 1G
-URI http://asc.fasb.org/extlink&oid=7881181&loc=SL5958577-112826

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 505
-Section 50
-Paragraph 1C
-URI http://asc.fasb.org/extlink&oid=7881181&loc=SL5958572-112826

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 505
-Section 50
-Paragraph 1E
-URI http://asc.fasb.org/extlink&oid=7881181&loc=SL5958574-112826

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 505
-Section 50
-Paragraph 1H
-URI http://asc.fasb.org/extlink&oid=7881181&loc=d3e65071-112826

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 505
-Section 50
-Paragraph 1A
-URI http://asc.fasb.org/extlink&oid=7881181&loc=SL5958569-112826

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 505
-Section 50
-Paragraph 1B
-URI http://asc.fasb.org/extlink&oid=7881181&loc=SL5958570-112826

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 505
-Section 50
-Paragraph 1F
-URI http://asc.fasb.org/extlink&oid=7881181&loc=SL5958575-112826

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 505
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=7881181&loc=SL5958568-112826

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 505
-Section 50
-Paragraph 1D
-URI http://asc.fasb.org/extlink&oid=7881181&loc=SL5958573-112826

+ Details

17. Parent Company Financial Information

12 Months Ended

Jun. 30, 2013

Notes

17. Parent Company Financial Information

17. Parent Company Financial Information

The Company’s principal asset is its investment in its subsidiary, the Bank. The following presents condensed financial information of the Company as of June 30, 2013. Since the Company became the holding company of the Bank in July 2012, prior years are not applicable.

Condensed balance sheet

	June 30,
		2013
Assets
Cash	$	43,045
Certificates of deposit in other banks		10,197
Total loans		23,947
Allowance for loan losses		(224)
Net loans		23,723
Real estate owned		3,529
Investment in bank subsidiary		276,669
ESOP loan receivable		10,152
Other assets		602
Total Assets	$	367,917

Liabilities and Stockholders’ Equity
Other liabilities		402
Stockholders’ Equity		367,515
Total Liabilities and Stockholders’ Equity	$	367,917

Condensed statement of income

	June 30,
		2013

Income
Interest income	$	1,615
Other income		8
Equity earnings in Bank subsidiary		10,123
Total income		11,746

Expense
Management fee expense		354
Real estate owned expense		195
Loss on sale and impairment of real estate owned		638
Provision for loan losses		1,300
Other expense		47
Total expense		2,534

Income Before Income Taxes		9,212
Income Tax Expense		159
Net Income	$	9,053

Condensed statement of cash flows

	June 30,
		2013
Operating Activities:
Net income	$	9,053
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for loan losses		1,300
Loss on sale and impairment of real estate owned		638
Increase in accrued interest receivable and other assets		(602)
Equity in undistributed income of Bank		(10,123)
ESOP compensation expense		749
Restricted stock and stock option expense		1,113
Increase in other liabilities		402
Net cash provided by operating activities		2,530

Investing Activities:
Purchase of certificates of deposit in other banks		(10,446)
Maturities of certificates of deposit in other banks		249
Purchase of loans from Bank subsidiary		(32,332)
Repayment of loans		7,149
Purchase of real estate owned from Bank subsidiary		(5,892)
Capital improvements to real estate owned		(240)
Increase in investment in Bank subsidiary		(104,851)
ESOP loan		(10,580)
ESOP principal payments received		428
Proceeds from sale of real estate owned		2,125
Net cash used in investing activities		(154,390)

Financing Activities:
Proceeds from stock conversion		208,204
Common stock repurchased		(13,299)
Net cash provided by financing activities		194,905
Net Increase in Cash and Cash Equivalents		43,045
Cash and Cash Equivalents at Beginning of Period		-
Cash and Cash Equivalents at End of Period{end}	$	43,045

18. Fair Value of Financial Instruments

12 Months Ended

Jun. 30, 2013

Notes

18. Fair Value of Financial Instruments

18. Fair Value of Financial Instruments

The Company utilizes fair value measurements to record fair value adjustments to certain assets and to determine fair value disclosures. Securities available for sale are recorded at fair value on a recurring basis. Additionally, from time to time, the Company may be required to record at fair value other assets on a nonrecurring basis, such as impaired loans. These nonrecurring fair value adjustments typically involve application of lower of cost or market accounting or write-downs of individual assets.

Fair Value Hierarchy

The Company groups assets at fair value in three levels, based on the markets in which the assets are traded and the reliability of the assumptions used to determine fair value. These levels are:

Level 1: Valuation is based upon quoted prices for identical instruments traded in active markets.

Level 2: Valuation is based upon quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active, and model-based valuation techniques for which all significant assumptions are observable in the market.

Level 3: Valuation is generated from model-based techniques that use at least one significant assumption not observable in the market. These unobservable assumptions reflect estimates of assumptions that market participants would use in pricing the asset. Valuation techniques include use of option pricing models, discounted cash flow models and similar techniques.

Following is a description of valuation methodologies used for assets recorded at fair value. The Company does not have any liabilities recorded at fair value.

Investment Securities Available for Sale

Securities available for sale are valued on a recurring basis at quoted market prices where available. If quoted market prices are not available, fair values are based on quoted prices of comparable securities. Level 1 securities include those traded on an active exchange, such as the New York Stock Exchange or U.S. Treasury securities that are traded by dealers or brokers in active over-the-counter markets and money market funds. Level 2 securities include mortgage-backed securities and debentures issued by government sponsored enterprises, municipal bonds, and corporate debt securities.

Loans

The Company does not record loans at fair value on a recurring basis. From time to time, however, a loan is considered impaired and an allowance for loan losses is established. Loans for which it is probable that payment of interest and principal will not be made in accordance with the contractual terms of the loan agreement are considered impaired. Once a loan is identified as individually impaired, the fair value is estimated using one of several methods, including collateral value, market value of similar debt, enterprise value, liquidation value and discounted cash flows. The Company reviews all impaired loans each quarter to determine if an allowance is necessary. Those impaired loans not requiring an allowance represent loans for which the fair value of the expected repayments or collateral exceed the recorded investments in such loans.

At June 30, 2013 and June 30, 2012, most of the total impaired loans were evaluated based on the fair value of the collateral. For these collateral dependent impaired loans, the Company obtains updated appraisals at least annually. These appraisals are reviewed for appropriateness and then discounted for estimated closing costs to determine if an allowance is necessary. As part of the quarterly review of impaired loans, the Company reviews these appraisals to determine if any additional discounts to the fair value are necessary. If a current appraisal is not obtained, the Company determines whether a discount is needed to the value from the original appraisal based on the decline in value of similar properties with recent appraisals. Impaired loans where a charge-off has occurred or an allowance is established during the period being reported require classification in the fair value hierarchy. The Company records all impaired loans with an allowance as nonrecurring Level 3.

Real Estate Owned

REO is considered held for sale and is adjusted to fair value less estimated selling costs upon transfer of the loan to foreclosed assets. Fair value is based upon independent market prices, appraised value of the collateral or management’s estimation of the value of the collateral. The Company considers all REO carried at fair value as nonrecurring Level 3.

The following table presents financial assets measured at fair value on a recurring basis at the dates indicated:

	June 30, 2013
Description		Total		Level 1		Level 2		Level 3

U.S Government Agencies	$	6,002	$	-	$	6,002	$	-
Residential Mortgage-backed Securities of U.S. Government Agencies and Government sponsored Enterprises		18,748		-		18,748		-
Total	$	24,750	$	-	$	24,750	$	-

	June 30, 2012
Description		Total		Level 1		Level 2		Level 3

U.S Government Agencies	$	6,102	$	-	$	6,102	$	-
Residential Mortgage-backed Securities of U.S. Government Agencies and Government sponsored Enterprises		25,233		-		25,233		-
Total	$	31,335	$	-	$	31,335	$	-

The following table presents financial assets measured at fair value on a non-recurring basis during the periods indicated:

	Year Ended June 30, 2013
Description		Total		Level 1		Level 2		Level 3

Impaired loans	$	12,106	$	-	$	-	$	12,106
Real estate owned		2,403		-		-		2,403
Total	$	14,509	$	-	$	-	$	14,509

	Year Ended June 30, 2012
Description		Total		Level 1		Level 2		Level 3

Impaired loans	$	30,585	$	-	$	-	$	30,585
Real estate owned		12,093		-		-		12,093
Total	$	42,678	$	-	$	-	$	42,678

Quantitative information about Level 3 fair value measurements during the period ended June 30, 2013 is shown in the table below:

	Fair Value
	at June 30,	Valuation	Unobservable		Weighted
	2013	Techniques	Input	Range	Average
Nonrecurring measurements:
Impaired loans, net	$12,106	Discounted Appraisals	Collateral discounts	5% - 40%	12%
Real estate owned	2,403	Discounted Appraisals	Collateral discounts	10% - 15%	12%

The stated carrying value and estimated fair value amounts of financial instruments as of June 30, 2013 and June 30, 2012, are summarized below:

	June 30, 2013
		Carrying		Fair
		Value		Value		Level 1		Level 2		Level 3
Cash and interest-bearing deposits	$	125,713	$	125,713	$	125,713	$	-	$	-
Certificates of deposit in other banks		136,617		136,617		-		136,617		-
Securities available for sale		24,750		24,750		-		24,750		-
Loans, net		1,132,110		1,064,954		-		-		1,064,954
Loans held for sale		10,770		10,942		-		-		10,942
Federal Home Loan Bank stock		1,854		1,854		1,854		-		-
Accrued interest receivable		5,549		5,549		-		157		5,392
Noninterest-bearing and NOW deposits		256,487		256,487		-		256,487		-
Money market accounts		275,718		275,718		-		275,718		-
Savings accounts		82,158		82,158		-		82,158		-
Certificates of deposit		540,387		545,716		-		545,716		-
Accrued interest payable		84		84		-		84		-

	June 30, 2012
		Carrying		Fair
		Value		Value		Level 1		Level 2		Level 3
Cash and interest-bearing deposits	$	224,801	$	224,801	$	224,801	$	-	$	-
Certificates of deposit in other banks		108,010		108,010		-		108,010		-
Securities available for sale		31,335		31,335		-		31,335		-
Loans, net		1,204,732		1,155,429		-		-		1,155,429
Loans held for sale		10,787		10,949		-		-		10,949
Federal Home Loan Bank stock		6,300		6,300		6,300		-		-
Accrued interest receivable		6,008		6,008		-		137		5,871
Noninterest-bearing and NOW deposits		230,683		230,683		-		230,683		-
Money market accounts		257,865		257,865		-		257,865		-
Savings accounts		347,669		347,669		-		347,669		-
Certificates of deposit		629,958		634,379		-		634,379		-
Other borrowings		22,265		24,998		-		24,998		-
Accrued interest payable		242		242		-		242		-

The Company had off-balance sheet financial commitments, which include approximately $205,771 and $213,979 of commitments to originate loans, undisbursed portions of interim construction loans, and unused lines of credit at June 30, 2013 and June 30, 2012 (see Note 5). Since these commitments are based on current rates, the carrying amount approximates the fair value.

Estimated fair values were determined using the following methods and assumptions:

Cash and interest-bearing deposits – The stated amounts approximate fair values as maturities are less than 90 days.

Certificates of deposit in other banks – The stated amounts approximate fair values.

Securities available for sale and investment securities – Fair values are based on quoted market prices where available. If quoted market prices are not available, fair values are based on quoted market prices of comparable instruments.

Loans, net – Fair values for loans are estimated by segregating the portfolio by type of loan and discounting scheduled cash flows using current market interest rates for loans with similar terms and credit quality. A prepayment assumption is used as an estimate of the portion of loans that will be repaid prior to their scheduled maturity. Both the carrying value and estimated fair value amounts are shown net of the allowance for loan losses.

Loans held for sale - The fair value of loans held for sale is determined by outstanding commitments from investors on a “best efforts” basis or current investor yield requirements, calculated on the aggregate loan basis.

Federal Home Loan Bank Stock – No ready market exists for this stock and it has no quoted market value. However, redemption of this stock has historically been at par value. Accordingly, cost is deemed to be a reasonable estimate of fair value.

Deposits – Fair values for demand deposits, money market accounts, and savings accounts are the amounts payable on demand as of June 30, 2013 and June 30, 2012. The fair value of certificates of deposit is estimated by discounting the contractual cash flows using current market interest rates for accounts with similar maturities.

Other borrowings – The fair value of advances from the FHLB is estimated based on current rates for borrowings with similar terms. Fair values for retail repurchase agreements are the amounts payable as of June 30, 2012.

Accrued interest receivable and payable – The stated amounts of accrued interest receivable and payable approximate the fair value.

Limitations – Fair value estimates are made at a specific point in time, based on relevant market information and information about the financial instrument. These estimates do not reflect any premium or discount that could result from offering for sale at one time the Company’s entire holdings of a particular financial instrument. Because no market exists for a significant portion of the Company’s financial instruments, fair value estimates are based on judgments regarding future expected loss experience, current economic conditions, risk characteristics of various financial instruments, and other factors. These estimates are subjective in nature and involve uncertainties and matters of significant judgment and therefore cannot be determined with precision. Changes in assumptions could significantly affect the estimates.

Fair value estimates are based on existing on-and-off balance sheet financial instruments without attempting to estimate the value of anticipated future business and the value of assets and liabilities that are not considered financial instruments. For example, a significant asset not considered a financial asset is premises and equipment. In addition, tax ramifications related to the realization of the unrealized gains and losses can have a significant effect on fair value estimates and have not been considered in any of the estimates.

19. Unaudited Interim Financial Information

12 Months Ended

Jun. 30, 2013

Notes

19. Unaudited Interim Financial Information

19. Unaudited Interim Financial Information

The unaudited statements of income for each of the quarters during the fiscal years ended June 30, 2013 and 2012 are summarized below:

	Three months ended
	June 30, 2013	March 31, 2013		December 31, 2012	September 30, 2012

Interest and dividend income	$14,498	$14,683		$15,481	$15,727
Interest expense	1,495	1,647		1,904	2,209
Net interest income	13,003	13,036		13,577	13,518
Provision for loan losses	(1,200)	500		300	1,500
Net interest income after provision for loan losses	14,203	12,536		13,277	12,018
Noninterest income	2,563	2,627		2,853	2,344
Noninterest expense	12,561	12,058		13,381	13,393
Net income before provision for income taxes	4,205	3,105		2,749	969
Income tax expense (benefit)	1,187	490		481	(183)
Net income	$3,018	$2,615		$2,268	$1,152
Net income per common share:
Basic	0.15		0.13	0.11		0.06
Diluted	0.15		0.13	0.11		0.06

	Three months ended
	June 30, 2012	March 31, 2012	December 31, 2011	September 30, 2011

Interest and dividend income	$16,388	$16,648	$17,248	$17,207
Interest expense	2,529	2,741	3,129	3,379
Net interest income	13,859	13,907	14,119	13,828
Provision for loan losses	2,000	4,500	3,800	5,300
Net interest income after provision for loan losses	11,859	9,407	10,319	8,528
Noninterest income	2,795	3,908	2,051	1,674
Noninterest expense	13,421	11,598	11,610	10,032
Net income before provision for income taxes	1,233	1,717	760	170
Income tax benefit	(151)	(299)	(83)	(114)
Net income	$1,384	$2,016	$843	$284
Net income per common share:
Basic	-	-	-	-
Diluted	-	-	-	-

20. Subsequent Events

12 Months Ended

Jun. 30, 2013

Notes

20. Subsequent Events

20. Subsequent Events

On July 31, 2013, the Company completed its acquisition of BankGreenville Financial Corporation (“BankGreenville”). BankGreenville shareholders received $6.63 per share in cash consideration, representing approximately $7,823 of aggregate deal consideration. Additional contingent cash consideration of up to $0.75 per share (or approximately $885) may be realized at the expiration of twenty four months following the closing of this transaction. The contingent consideration is based on the performance of a select pool of loans totaling approximately $8.0 million. BankGreenville reported total assets of $105.1 million, total deposits of $90.0 million, and stockholders’ equity of $9.6 million at June 30, 2013.

The BankGreenville acquisition is being accounted for under the acquisition method of accounting with the Company treated as the acquirer. Under the acquisition method of accounting, the assets and liabilities of BankGreenville as of July 31, 2013, will be recorded by the Company at their respective fair values, and the excess of the merger consideration over the fair value of BankGreenville’s net assets will be allocated to goodwill. The book value of assets acquired was $102.5 million and liabilities assumed was $94.1 million. The calculations to determine fair values were incomplete at the time of filing of this Annual Report on Form 10-K. Until the determination of the fair values is complete, it is impractical to include disclosures related to the fair value of the assets acquired and liabilities assumed as required by the accounting guidance.

2. Securities Available For Sale: Securities Available for Sale Pledged as Collateral Policy (Policies)	12 Months Ended
	Jun. 30, 2013
Policies
Securities Available for Sale Pledged as Collateral Policy	Securities available for sale with costs totaling $21,429 and $15,563 with market values of $21,500 and $15,727 at June 30, 2013 and June 30, 2012, respectively, were pledged as collateral to secure various public deposits and retail repurchase agreements.

2. Securities Available For Sale: Securities with Unrealized Losses Policy (Policies)

12 Months Ended

Jun. 30, 2013

Policies

Securities with Unrealized Losses Policy

3. Loans: Impaired Financing Receivable, Policy (Policies)	12 Months Ended
	Jun. 30, 2013
Policies
Impaired Financing Receivable, Policy	The table above includes $16,613 and $6,887, of impaired loans that were not individually evaluated at June 30, 2013 and June 30, 2012, respectively, because these loans did not meet the Company’s threshold for individual impairment evaluation. The recorded allowance above includes $216 and $261 related to these loans that were not individually evaluated at June 30, 2013 and June 30, 2012, respectively.

3. Loans: Loans and Leases Receivable, Troubled Debt Restructuring Policy (Policies)	12 Months Ended
	Jun. 30, 2013
Policies
Loans and Leases Receivable, Troubled Debt Restructuring Policy	During the year ended June 30, 2013, one to four family TDRs increased by 91 loans or $8.0 million and home equity lines of credit TDRs increased by 43 loans or $1.3 million, including including 77 one- to four-family TDRs totaling $4.9 million and 41 home equity lines of credit TDRs totaling $1.2 million representing loans classified as TDRs as a result of recent regulatory reporting requirements of the Office of the Comptroller of the Currency (“OCC”), the Bank’s primary federal regulator, requiring that banks classify mortgages and other loans discharged by troubled borrowers in bankruptcy as TDRs.

3. Loans: Troubled Debt Restructurings with Payment Default Policy (Policies)

12 Months Ended

Jun. 30, 2013

Policies

Troubled Debt Restructurings with Payment Default Policy

6. Deposit Accounts: Certificates of Deposit With Balances of $100 Or Greater Totaled $266,458 and $302,246 At June 30, 2013 and 2012, Respectively. Generally, Deposit Amounts in Excess of $250,000 Are Not Federally Insured. (Policies)	12 Months Ended
	Jun. 30, 2013
Policies
Certificates of Deposit With Balances of $100 Or Greater Totaled $266,458 and $302,246 At June 30, 2013 and 2012, Respectively. Generally, Deposit Amounts in Excess of $250,000 Are Not Federally Insured.	Certificates of deposit with balances of $100 or greater totaled $266,458 and $302,246 at June 30, 2013 and 2012, respectively. Generally, deposit amounts in excess of $250,000 are not federally insured.

7. Other Borrowings: Securities Available for Sale Pledged as Collateral for Retail Repurchase Agreements Policy (Policies)	12 Months Ended
	Jun. 30, 2013
Policies
Securities Available for Sale Pledged as Collateral for Retail Repurchase Agreements Policy	Securities available for sale with costs totaling $11,868 (market value of $11,931) were pledged as collateral for the retail repurchase agreements at June 30, 2012. No retail repurchase agreements existed at June 30, 2013. All qualifying first mortgage loans, home equity lines of credit, and FHLB Stock were pledged as collateral to secure the FHLB advances.

7. Other Borrowings: Federal Home Loan Advances Prepayment Policy (Policies)	12 Months Ended
	Jun. 30, 2013
Policies
Federal Home Loan Advances Prepayment Policy	In fiscal years ended June 2013 and 2012 and 2011, the Company prepaid $15,100, $11,000, and $64,000 of FHLB advances with weighted average interest rates of 4.88%, 6.02%, and 4.47%, respectively. The Company incurred prepayment penalties on these transactions of $3,069, $2,111, and $3,988, respectively, which is disclosed in the consolidated statements of income.

8. Capital Lease Obligations: Operating Lease Policy (Policies)	12 Months Ended
	Jun. 30, 2013
Policies
Operating Lease Policy	The Company leases certain real property under long-term operating lease agreements. Rent expense under operating leases was $653, $403, and $250 for the years ended June 30, 2013, 2012, and 2011, respectively.

8. Capital Lease Obligations: Capital Lease Policy (Policies)	12 Months Ended
	Jun. 30, 2013
Policies
Capital Lease Policy	The Company currently leases land for one of its retail office locations under a capital lease. Leases that meet the criteria for capitalization are recorded as assets and the related obligations are reflected as capital lease obligations on the accompanying balance sheets, because the lease has been deemed to have a bargain purchase option. Included in premises and equipment at June 30, 2013 and June 30, 2012 is $2,052 as the capitalized cost of the leased land.

9. Income Taxes: Deferred Tax Asset and Liability Policy (Policies)

12 Months Ended

Jun. 30, 2013

Policies

Deferred Tax Asset and Liability Policy

Income tax returns subsequent to 2009 are subject to examination by the taxing authorities.

10. Employee Benefit Plans: Employee Benefit Plans Policy (Policies)

12 Months Ended

Jun. 30, 2013

Policies

Employee Benefit Plans Policy

11. Deferred Compensation Agreements: Deferred Compensation Agreements Policy (Policies)

12 Months Ended

Jun. 30, 2013

Policies

Deferred Compensation Agreements Policy

11. Deferred Compensation Agreements: Long Term Deferred Compensation and Supplemental Retirement Plans Policy (Policies)	12 Months Ended
	Jun. 30, 2013
Policies
Long Term Deferred Compensation and Supplemental Retirement Plans Policy	Long term deferred compensation and supplemental retirement plans are provided to certain key current and former officers. These plans are unfunded and are not qualified under the Internal Revenue Code. The benefits will vary by participant and are payable to a designated beneficiary in the event of death. Plan expenses for the years ended June 30, 2013, 2012, and 2011 were $1,014, $1,155, and $1,681, respectively. Total accrued expenses related to these plans included in other liabilities were $20,694 and $20,386, respectively, as of June 30, 2013 and 2012.

11. Deferred Compensation Agreements: Deferred Compensation Plan for Officers and Directors Policy (Policies)	12 Months Ended
	Jun. 30, 2013
Policies
Deferred Compensation Plan for Officers and Directors Policy	In addition, the Company has a deferred compensation plan provided to certain officers and directors. The plan allows the participants to defer any of their annual compensation, including bonus payments, up to the maximum allowed for each participant. The plan is unfunded and is not qualified under the Internal Revenue Code. Plan expenses for the years ended June 30, 2013, 2012, and 2011 were $243, $260, and $254 respectively. The total deferred compensation plan payable included in other liabilities was $5,948 and $5,679, respectively as of June 30, 2013 and 2012.

12. Employee Stock Ownership Plan: ESOP Compensation Expense Policy (Policies)	12 Months Ended
	Jun. 30, 2013
Policies
ESOP Compensation Expense Policy	Compensation expense related to the ESOP for the fiscal year ended June 30, 2013 was $749. Shares held by the ESOP include the following:

14. Equity Incentive Plan: Equity Incentive Plan Policy (Policies)

12 Months Ended

Jun. 30, 2013

Policies

Equity Incentive Plan Policy

Share based compensation expense related to stock options and restricted stock recognized for the fiscal year ended June 30, 2013 was $1,113 before the related tax benefit of $434.

15. Commitments and Contingencies: Loan Commitments, Policy (Policies)

12 Months Ended

Jun. 30, 2013

Policies

Loan Commitments, Policy

15. Commitments and Contingencies: Restrictions on Cash Policy (Policies)	12 Months Ended
	Jun. 30, 2013
Policies
Restrictions on Cash Policy	Restrictions on Cash – The Bank is required by regulation to maintain a varying cash reserve balance with the Federal Reserve System. The daily average calculated cash reserve required as of June 30, 2013 and June 30, 2012 was $1,284, and $1,121, respectively, which was satisfied by vault cash and balances held at the Federal Reserve.

15. Commitments and Contingencies: Standby Letters of Credit Policy (Policies)	12 Months Ended
	Jun. 30, 2013
Policies
Standby Letters of Credit Policy	Guarantees – Standby letters of credit obligate the Company to meet certain financial obligations of its customers, if, under the contractual terms of the agreement, the customers are unable to do so. The financial standby letters of credit issued by the Company are irrevocable and payment is only guaranteed upon the borrower’s failure to perform its obligations to the beneficiary. Total commitments under standby letters of credit as of June 30, 2013 and June 30, 2012 were $66 and $75. There was no liability recorded for these letters of credit at June 30, 2013 or June 30, 2012.

18. Fair Value of Financial Instruments: Off-Balance-Sheet Credit Exposure, Policy (Policies)	12 Months Ended
	Jun. 30, 2013
Policies
Off-Balance-Sheet Credit Exposure, Policy	The Company had off-balance sheet financial commitments, which include approximately $205,771 and $213,979 of commitments to originate loans, undisbursed portions of interim construction loans, and unused lines of credit at June 30, 2013 and June 30, 2012 (see Note 5). Since these commitments are based on current rates, the carrying amount approximates the fair value.

20. Subsequent Events: Subsequent Events, Policy (Policies)

12 Months Ended

Jun. 30, 2013

Policies

Subsequent Events, Policy

2. Securities Available For Sale: Schedule of Available-for-sale Securities Reconciliation (Tables)

12 Months Ended

Jun. 30, 2013

2. Securities Available For Sale: Schedule of Available-for-sale Securities Reconciliation (Details) - USD ($) $ in Thousands	Jun. 30, 2013	Jun. 30, 2012
US Government Agencies
Available-for-sale Securities, Amortized Cost Basis	$ 6,000	$ 6,102
Securities Available for Sale, Gross Unrealized Gains	2	2
Securities Available for Sale, Gross Unrealized Losses		(2)
Securities available for sale, fair value	6,002	6,102
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises
Available-for-sale Securities, Amortized Cost Basis	18,794	24,958
Securities Available for Sale, Gross Unrealized Gains	81	286
Securities Available for Sale, Gross Unrealized Losses	(127)	(11)
Securities available for sale, fair value	18,748	25,233
Total available for sale securities
Available-for-sale Securities, Amortized Cost Basis	24,794	31,060
Securities Available for Sale, Gross Unrealized Gains	83	288
Securities Available for Sale, Gross Unrealized Losses	(127)	(13)
Securities available for sale, fair value	$ 24,750	$ 31,335

2. Securities Available For Sale: Schedule of Investments Classified by Contractual Maturity Date (Details) - USD ($) $ in Thousands	Jun. 30, 2013	Jun. 30, 2012
Available for Sale Securities Debt Maturities Within One Year Amortized Cost		$ 6,000
Available for Sale Securities Debt Maturities Within One Year Fair Value		6,002
Available-for-sale Securities, Debt Maturities, Year Two Through Five, Amortized Cost Basis	$ 6,000	102
Available-for-sale Securities, Debt Maturities, Year Two Through Five, Fair Value	6,002	100
Available-for-sale Securities, Debt Maturities, Amortized Cost Basis	24,794	31,060
Securities available for sale, at fair value	24,750	31,335
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises
Available-for-sale Securities, Debt Maturities, Amortized Cost Basis	18,794	24,958
Securities available for sale, at fair value	$ 18,748	$ 25,233

2. Securities Available For Sale: Schedule of Gross Proceeds and Gross Realized Gains and Losses from Sales of Securities (Details) $ in Thousands	12 Months Ended
	Jun. 30, 2011 USD ($)
Details
Proceeds from sales of securities available for sale	$ 8,555
Gross realized gains from sales of securities	443
Available-for-sale Securities, Gross Realized Losses	$ 13

2. Securities Available For Sale: Securities Available for Sale Pledged as Collateral Policy (Details) - USD ($) $ in Thousands	Jun. 30, 2013	Jun. 30, 2012
Details
Available-for-sale Securities Pledged as Collateral	$ 21,429	$ 15,563
Securities Available for Sale Pledged as Collateral Market Value	$ 21,500	$ 15,727

2. Securities Available For Sale: Schedule of Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value (Details) - USD ($) $ in Thousands	Jun. 30, 2013	Jun. 30, 2012
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value	$ 5,707	$ 2,908
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Unrealized Losses	(122)	(8)
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	745	100
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or More, Unrealized Losses	(5)	(3)
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	6,452	3,008
Available-for-sale Securities, Continuous Unrealized Loss Position, Unrealized Losses	(127)	(11)
Total available for sale securities
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value	5,707	2,908
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Unrealized Losses	(122)	(8)
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	745	200
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or More, Unrealized Losses	(5)	(5)
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	6,452	3,108
Available-for-sale Securities, Continuous Unrealized Loss Position, Unrealized Losses	$ (127)	(13)
US Government Agencies
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value		100
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or More, Unrealized Losses		(2)
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value		100
Available-for-sale Securities, Continuous Unrealized Loss Position, Unrealized Losses		$ (2)

3. Loans: Schedule of Accounts, Notes, Loans and Financing Receivable (Details) - USD ($) $ in Thousands	Jun. 30, 2013	Jun. 30, 2012
Loans Receivable, Gross
Financing Receivable	$ 1,166,460	$ 1,232,029
Deferred loan fees, net
Loans Receivable Net of Deferred Loan Fees and Discount	(1,347)	(1,860)
Discount on loans from business combination
Loans Receivable Net of Deferred Loan Fees and Discount	(930)	(1,124)
Loans net of deferred loan fees and discount
Loans Receivable Net of Deferred Loan Fees and Discount	1,164,183	1,229,045
Allowance for Loan and Lease Losses
Loans Receivable Net of Deferred Loan Fees and Discount	(32,073)	(35,100)
Loans Receivable, Net
Loans Receivable Net of Deferred Loan Fees and Discount	1,132,110	1,193,945
Retail consumer loans \| One to four family loans
Financing Receivable	602,980	620,486
Retail consumer loans \| Home equity lines of credit
Financing Receivable	125,676	143,052
Retail consumer loans \| Construction and land/lots loans
Financing Receivable	51,546	53,572
Retail consumer loans \| Consumer loans
Financing Receivable	3,349	3,819
Retail consumer loans \| Total retail consumer loans
Financing Receivable	783,551	820,929
Commercial loans \| Commercial real estate loans
Financing Receivable	231,086	238,644
Commercial loans \| Construction and development loans
Financing Receivable	23,994	42,362
Commercial loans \| Commercial and industrial loans
Financing Receivable	11,452	14,578
Commercial loans \| Municipal leases
Financing Receivable	116,377	115,516
Commercial loans \| Total commercial loans
Financing Receivable	$ 382,909	$ 411,100

3. Loans: Financing Receivable Credit Quality Indicators (Details) - USD ($) $ in Thousands	Jun. 30, 2013	Jun. 30, 2012
Pass \| Total loans by credit quality
Financing Receivables Credit Quality	$ 1,019,237	$ 1,079,831
Pass \| Retail consumer loans \| One to four family loans
Financing Receivables Credit Quality	537,329	553,457
Pass \| Retail consumer loans \| Home equity lines of credit
Financing Receivables Credit Quality	117,438	134,959
Pass \| Retail consumer loans \| Construction and land/lots loans
Financing Receivables Credit Quality	48,914	48,759
Pass \| Retail consumer loans \| Consumer loans
Financing Receivables Credit Quality	3,144	3,563
Pass \| Commercial loans \| Commercial real estate loans
Financing Receivables Credit Quality	179,310	195,372
Pass \| Commercial loans \| Construction and development loans
Financing Receivables Credit Quality	9,872	20,074
Pass \| Commercial loans \| Commercial and industrial loans
Financing Receivables Credit Quality	8,812	9,818
Pass \| Commercial loans \| Municipal leases
Financing Receivables Credit Quality	114,418	113,829
Special Mention \| Total loans by credit quality
Financing Receivables Credit Quality	41,402	35,067
Special Mention \| Retail consumer loans \| One to four family loans
Financing Receivables Credit Quality	14,003	9,305
Special Mention \| Retail consumer loans \| Home equity lines of credit
Financing Receivables Credit Quality	1,374	1,267
Special Mention \| Retail consumer loans \| Construction and land/lots loans
Financing Receivables Credit Quality	209	704
Special Mention \| Retail consumer loans \| Consumer loans
Financing Receivables Credit Quality	62	55
Special Mention \| Commercial loans \| Commercial real estate loans
Financing Receivables Credit Quality	20,105	16,291
Special Mention \| Commercial loans \| Construction and development loans
Financing Receivables Credit Quality	2,853	5,739
Special Mention \| Commercial loans \| Commercial and industrial loans
Financing Receivables Credit Quality	835	1,073
Special Mention \| Commercial loans \| Municipal leases
Financing Receivables Credit Quality	1,959	633
Substandard \| Total loans by credit quality
Financing Receivables Credit Quality	96,621	111,146
Substandard \| Retail consumer loans \| One to four family loans
Financing Receivables Credit Quality	47,896	55,338
Substandard \| Retail consumer loans \| Home equity lines of credit
Financing Receivables Credit Quality	6,679	5,620
Substandard \| Retail consumer loans \| Construction and land/lots loans
Financing Receivables Credit Quality	2,199	3,084
Substandard \| Retail consumer loans \| Consumer loans
Financing Receivables Credit Quality	134	159
Substandard \| Commercial loans \| Commercial real estate loans
Financing Receivables Credit Quality	27,116	25,958
Substandard \| Commercial loans \| Construction and development loans
Financing Receivables Credit Quality	10,950	16,406
Substandard \| Commercial loans \| Commercial and industrial loans
Financing Receivables Credit Quality	1,647	3,527
Substandard \| Commercial loans \| Municipal leases
Financing Receivables Credit Quality		1,054
Doubtful \| Total loans by credit quality
Financing Receivables Credit Quality	9,159	5,956
Doubtful \| Retail consumer loans \| One to four family loans
Financing Receivables Credit Quality	3,715	2,366
Doubtful \| Retail consumer loans \| Home equity lines of credit
Financing Receivables Credit Quality	184	1,204
Doubtful \| Retail consumer loans \| Construction and land/lots loans
Financing Receivables Credit Quality	224	1,025
Doubtful \| Retail consumer loans \| Consumer loans
Financing Receivables Credit Quality	6	39
Doubtful \| Commercial loans \| Commercial real estate loans
Financing Receivables Credit Quality	4,555	1,023
Doubtful \| Commercial loans \| Construction and development loans
Financing Receivables Credit Quality	318	142
Doubtful \| Commercial loans \| Commercial and industrial loans
Financing Receivables Credit Quality	157	157
Unlikely to be Collected Financing Receivable \| Total loans by credit quality
Financing Receivables Credit Quality	43	29
Unlikely to be Collected Financing Receivable \| Retail consumer loans \| One to four family loans
Financing Receivables Credit Quality	37	20
Unlikely to be Collected Financing Receivable \| Retail consumer loans \| Home equity lines of credit
Financing Receivables Credit Quality	1	2
Unlikely to be Collected Financing Receivable \| Retail consumer loans \| Consumer loans
Financing Receivables Credit Quality	3	3
Unlikely to be Collected Financing Receivable \| Commercial loans \| Construction and development loans
Financing Receivables Credit Quality	1	1
Unlikely to be Collected Financing Receivable \| Commercial loans \| Commercial and industrial loans
Financing Receivables Credit Quality	1	3
Total by Grade \| Total loans by credit quality
Financing Receivables Credit Quality	1,166,460	1,232,029
Total by Grade \| Retail consumer loans \| One to four family loans
Financing Receivables Credit Quality	602,980	620,486
Total by Grade \| Retail consumer loans \| Home equity lines of credit
Financing Receivables Credit Quality	125,676	143,052
Total by Grade \| Retail consumer loans \| Construction and land/lots loans
Financing Receivables Credit Quality	51,546	53,572
Total by Grade \| Retail consumer loans \| Consumer loans
Financing Receivables Credit Quality	3,349	3,819
Total by Grade \| Commercial loans \| Commercial real estate loans
Financing Receivables Credit Quality	231,086	238,644
Total by Grade \| Commercial loans \| Construction and development loans
Financing Receivables Credit Quality	23,994	42,362
Total by Grade \| Commercial loans \| Commercial and industrial loans
Financing Receivables Credit Quality	11,452	14,578
Total by Grade \| Commercial loans \| Municipal leases
Financing Receivables Credit Quality	$ 116,377	$ 115,516

3. Loans: Schedule of Past Due Financing Receivables (Details) - USD ($) $ in Thousands	Jun. 30, 2013	Jun. 30, 2012
Total loans
Financing receivable Recorded Investment 30 to 89 Days Past Due	$ 11,750	$ 16,437
Financing Receivable, Recorded Investment, Equal to Greater than 90 Days Past Due	23,703	28,020
Financing Receivable, Recorded Investment, Past Due	35,453	44,457
Financing Receivable, Recorded Investment, Current	1,131,007	1,187,572
Total loans receivable	1,166,460	1,232,029
Retail consumer loans \| One to four family loans
Financing receivable Recorded Investment 30 to 89 Days Past Due	7,056	10,532
Financing Receivable, Recorded Investment, Equal to Greater than 90 Days Past Due	8,906	11,629
Financing Receivable, Recorded Investment, Past Due	15,962	22,161
Financing Receivable, Recorded Investment, Current	587,018	598,325
Total loans receivable	602,980	620,486
Retail consumer loans \| Home equity lines of credit
Financing receivable Recorded Investment 30 to 89 Days Past Due	450	388
Financing Receivable, Recorded Investment, Equal to Greater than 90 Days Past Due	1,656	2,613
Financing Receivable, Recorded Investment, Past Due	2,106	3,001
Financing Receivable, Recorded Investment, Current	123,570	140,051
Total loans receivable	125,676	143,052
Retail consumer loans \| Construction and land/lots loans
Financing receivable Recorded Investment 30 to 89 Days Past Due	242	789
Financing Receivable, Recorded Investment, Equal to Greater than 90 Days Past Due	429	1,405
Financing Receivable, Recorded Investment, Past Due	671	2,194
Financing Receivable, Recorded Investment, Current	50,875	51,378
Total loans receivable	51,546	53,572
Retail consumer loans \| Consumer loans
Financing receivable Recorded Investment 30 to 89 Days Past Due	4	54
Financing Receivable, Recorded Investment, Equal to Greater than 90 Days Past Due	35	35
Financing Receivable, Recorded Investment, Past Due	39	89
Financing Receivable, Recorded Investment, Current	3,310	3,730
Total loans receivable	3,349	3,819
Commercial loans \| Commercial real estate loans
Financing receivable Recorded Investment 30 to 89 Days Past Due	3,805	4,188
Financing Receivable, Recorded Investment, Equal to Greater than 90 Days Past Due	7,085	6,071
Financing Receivable, Recorded Investment, Past Due	10,890	10,259
Financing Receivable, Recorded Investment, Current	220,196	228,385
Total loans receivable	231,086	238,644
Commercial loans \| Construction and development loans
Financing receivable Recorded Investment 30 to 89 Days Past Due		331
Financing Receivable, Recorded Investment, Equal to Greater than 90 Days Past Due	5,420	6,001
Financing Receivable, Recorded Investment, Past Due	5,420	6,332
Financing Receivable, Recorded Investment, Current	18,574	36,030
Total loans receivable	23,994	42,362
Commercial loans \| Commercial and industrial loans
Financing receivable Recorded Investment 30 to 89 Days Past Due	193	155
Financing Receivable, Recorded Investment, Equal to Greater than 90 Days Past Due	172	266
Financing Receivable, Recorded Investment, Past Due	365	421
Financing Receivable, Recorded Investment, Current	11,087	14,157
Total loans receivable	11,452	14,578
Commercial loans \| Municipal leases
Financing Receivable, Recorded Investment, Current	116,377	115,516
Total loans receivable	$ 116,377	$ 115,516

3. Loans: Schedule of Past Due Loans Still Accruing and Nonaccruing Interest (Details) - USD ($) $ in Thousands	Jun. 30, 2013	Jun. 30, 2012
Total loans nonaccruing and still accruing interest
Financing Receivable, Recorded Investment, Nonaccrual Status	$ 68,561	$ 64,181
Retail consumer loans \| One to four family loans
Financing Receivable, Recorded Investment, Nonaccrual Status	29,811	27,659
Retail consumer loans \| Home equity lines of credit
Financing Receivable, Recorded Investment, Nonaccrual Status	3,793	4,781
Retail consumer loans \| Construction and land/lots loans
Financing Receivable, Recorded Investment, Nonaccrual Status	2,172	3,437
Retail consumer loans \| Consumer loans
Financing Receivable, Recorded Investment, Nonaccrual Status	42	76
Commercial loans \| Commercial real estate loans
Financing Receivable, Recorded Investment, Nonaccrual Status	21,149	15,008
Commercial loans \| Construction and development loans
Financing Receivable, Recorded Investment, Nonaccrual Status	10,172	12,583
Commercial loans \| Commercial and industrial loans
Financing Receivable, Recorded Investment, Nonaccrual Status	$ 1,422	$ 637

3. Loans: Schedule of Troubled Debt Restructurings Performing and Excluded from Nonaccruing Loans (Details) - USD ($) $ in Thousands	Jun. 30, 2013	Jun. 30, 2012
Performing Financing Receivable
Performing restructured loans included in impaired loans	$ 14,012	$ 20,588

3. Loans: Schedule of Ending Balances of Loans and the Related Allowance by Segment and Class (Details) - USD ($) $ in Thousands	Jun. 30, 2013	Jun. 30, 2012
Allowance for loan losses	$ (32,073)	$ (35,100)
Allowance for Loan Losses \| Total loans
Financing Receivable Allowance for Credit Losses Individually Evaluated For Impairment	1,895	1,576
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment	30,178	33,524
Allowance for loan losses	32,073	35,100
Financing Receivable, Individually Evaluated for Impairment	73,126	81,788
Financing Receivable, Collectively Evaluated for Impairment	1,093,334	1,150,241
Loans Receivable Gross	1,166,460	1,232,029
Allowance for Loan Losses \| Retail consumer loans \| One to four family loans
Financing Receivable Allowance for Credit Losses Individually Evaluated For Impairment	1,028	596
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment	14,070	13,961
Allowance for loan losses	15,098	14,557
Financing Receivable, Individually Evaluated for Impairment	35,426	36,011
Financing Receivable, Collectively Evaluated for Impairment	567,554	584,475
Loans Receivable Gross	602,980	620,486
Allowance for Loan Losses \| Retail consumer loans \| Home equity lines of credit
Financing Receivable Allowance for Credit Losses Individually Evaluated For Impairment	479	238
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment	3,348	3,293
Allowance for loan losses	3,827	3,531
Financing Receivable, Individually Evaluated for Impairment	4,322	4,382
Financing Receivable, Collectively Evaluated for Impairment	121,354	138,670
Loans Receivable Gross	125,676	143,052
Allowance for Loan Losses \| Retail consumer loans \| Construction and land/lots loans
Financing Receivable Allowance for Credit Losses Individually Evaluated For Impairment	19	68
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment	2,871	2,887
Allowance for loan losses	2,890	2,955
Financing Receivable, Individually Evaluated for Impairment	1,844	3,772
Financing Receivable, Collectively Evaluated for Impairment	49,702	49,800
Loans Receivable Gross	51,546	53,572
Allowance for Loan Losses \| Retail consumer loans \| Consumer loans
Financing Receivable Allowance for Credit Losses Individually Evaluated For Impairment	3	2
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment	135	127
Allowance for loan losses	138	129
Financing Receivable, Individually Evaluated for Impairment	3	3
Financing Receivable, Collectively Evaluated for Impairment	3,346	3,816
Loans Receivable Gross	3,349	3,819
Allowance for Loan Losses \| Commercial loans \| Commercial real estate loans
Financing Receivable Allowance for Credit Losses Individually Evaluated For Impairment	110	407
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment	6,473	6,047
Allowance for loan losses	6,583	6,454
Financing Receivable, Individually Evaluated for Impairment	19,446	20,266
Financing Receivable, Collectively Evaluated for Impairment	211,640	218,378
Loans Receivable Gross	231,086	238,644
Allowance for Loan Losses \| Commercial loans \| Construction and development loans
Financing Receivable Allowance for Credit Losses Individually Evaluated For Impairment	255	154
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment	2,144	6,099
Allowance for loan losses	2,399	6,253
Financing Receivable, Individually Evaluated for Impairment	9,780	14,389
Financing Receivable, Collectively Evaluated for Impairment	14,214	27,973
Loans Receivable Gross	23,994	42,362
Allowance for Loan Losses \| Commercial loans \| Commercial and industrial loans
Financing Receivable Allowance for Credit Losses Individually Evaluated For Impairment	1	111
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment	155	204
Allowance for loan losses	156	315
Financing Receivable, Individually Evaluated for Impairment	2,305	2,965
Financing Receivable, Collectively Evaluated for Impairment	9,147	11,613
Loans Receivable Gross	11,452	14,578
Allowance for Loan Losses \| Commercial loans \| Municipal leases
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment	982	906
Allowance for loan losses	982	906
Financing Receivable, Collectively Evaluated for Impairment	116,377	115,516
Loans Receivable Gross	$ 116,377	$ 115,516

3. Loans: Schedule of Impaired Loans and Related Allowance by Segment and Class (Details) - Total Impaired Loans - USD ($) $ in Thousands	Jun. 30, 2013	Jun. 30, 2012
Total impaired loans
Impaired Financing Receivable, with Related Allowance, Recorded Investment	$ 19,603	$ 13,883
Impaired Financing Receivable, with No Related Allowance, Recorded Investment	70,136	74,792
Impaired Financing Receivable, Recorded Investment	89,739	88,675
Impaired Financing Receivable, Related Allowance	2,111	1,837
Retail consumer loans \| One to four family loans
Impaired Financing Receivable, with Related Allowance, Recorded Investment	14,194	7,787
Impaired Financing Receivable, with No Related Allowance, Recorded Investment	30,219	32,802
Impaired Financing Receivable, Recorded Investment	44,413	40,589
Impaired Financing Receivable, Related Allowance	1,176	685
Retail consumer loans \| Home equity lines of credit
Impaired Financing Receivable, with Related Allowance, Recorded Investment	3,303	1,163
Impaired Financing Receivable, with No Related Allowance, Recorded Investment	2,651	4,093
Impaired Financing Receivable, Recorded Investment	5,954	5,256
Impaired Financing Receivable, Related Allowance	518	256
Retail consumer loans \| Construction and land/lots loans
Impaired Financing Receivable, with Related Allowance, Recorded Investment	551	462
Impaired Financing Receivable, with No Related Allowance, Recorded Investment	1,649	3,440
Impaired Financing Receivable, Recorded Investment	2,200	3,902
Impaired Financing Receivable, Related Allowance	38	75
Retail consumer loans \| Consumer loans
Impaired Financing Receivable, with Related Allowance, Recorded Investment	39	73
Impaired Financing Receivable, with No Related Allowance, Recorded Investment	3	3
Impaired Financing Receivable, Recorded Investment	42	76
Impaired Financing Receivable, Related Allowance	4	4
Commercial loans \| Commercial real estate loans
Impaired Financing Receivable, with Related Allowance, Recorded Investment	998	2,281
Impaired Financing Receivable, with No Related Allowance, Recorded Investment	22,716	18,214
Impaired Financing Receivable, Recorded Investment	23,714	20,495
Impaired Financing Receivable, Related Allowance	119	413
Commercial loans \| Construction and development loans
Impaired Financing Receivable, with Related Allowance, Recorded Investment	518	1,616
Impaired Financing Receivable, with No Related Allowance, Recorded Investment	10,034	13,461
Impaired Financing Receivable, Recorded Investment	10,552	15,077
Impaired Financing Receivable, Related Allowance	256	289
Commercial loans \| Commercial and industrial loans
Impaired Financing Receivable, with Related Allowance, Recorded Investment		501
Impaired Financing Receivable, with No Related Allowance, Recorded Investment	2,864	2,779
Impaired Financing Receivable, Recorded Investment	$ 2,864	3,280
Impaired Financing Receivable, Related Allowance		$ 115

3. Loans: Impaired Financing Receivable, Policy (Details) - USD ($) $ in Thousands	Jun. 30, 2013	Jun. 30, 2012
Details
Impaired Loans Not Individually Evaluated	$ 16,613	$ 6,887
Recorded Allowance of Impaired Loans Not Individually Evaluated	$ 216	$ 261

3. Loans: Troubled Debt Restructurings on Financing Receivables (Details) $ in Thousands	12 Months Ended
	Jun. 30, 2013 USD ($)	Jun. 30, 2012 USD ($)
Total troubled debt restructured loans
Financing Receivable, Modifications, Number of Contracts	149	88
Financing Receivable, Modifications, Pre-Modification Recorded Investment	$ 11,678	$ 24,362
Financing Receivable, Modifications, Post-Modification Recorded Investment	$ 10,643	$ 22,028
Below market interest rate \| Total troubled debt restructured loans below market interest rate
Financing Receivable, Modifications, Number of Contracts	5	35
Financing Receivable, Modifications, Pre-Modification Recorded Investment	$ 1,358	$ 10,650
Financing Receivable, Modifications, Post-Modification Recorded Investment	$ 1,334	$ 9,843
Below market interest rate \| Retail consumer loans \| One to four family loans
Financing Receivable, Modifications, Number of Contracts	4	27
Financing Receivable, Modifications, Pre-Modification Recorded Investment	$ 1,121	$ 9,347
Financing Receivable, Modifications, Post-Modification Recorded Investment	$ 1,103	$ 9,057
Below market interest rate \| Retail consumer loans \| Home equity lines of credit
Financing Receivable, Modifications, Number of Contracts		3
Financing Receivable, Modifications, Pre-Modification Recorded Investment		$ 83
Financing Receivable, Modifications, Post-Modification Recorded Investment		$ 81
Below market interest rate \| Retail consumer loans \| Construction and land/lots loans
Financing Receivable, Modifications, Number of Contracts		2
Financing Receivable, Modifications, Pre-Modification Recorded Investment		$ 175
Financing Receivable, Modifications, Post-Modification Recorded Investment		$ 171
Below market interest rate \| Commercial loans \| Commercial real estate loans
Financing Receivable, Modifications, Number of Contracts	1	1
Financing Receivable, Modifications, Pre-Modification Recorded Investment	$ 237	$ 285
Financing Receivable, Modifications, Post-Modification Recorded Investment	$ 231	$ 280
Below market interest rate \| Commercial loans \| Construction and development loans
Financing Receivable, Modifications, Number of Contracts		2
Financing Receivable, Modifications, Pre-Modification Recorded Investment		$ 760
Financing Receivable, Modifications, Post-Modification Recorded Investment		$ 254
Extended payment terms \| Total troubled debt restructured loans extended payment terms
Financing Receivable, Modifications, Number of Contracts	7	25
Financing Receivable, Modifications, Pre-Modification Recorded Investment	$ 182	$ 5,622
Financing Receivable, Modifications, Post-Modification Recorded Investment	$ 173	$ 5,493
Extended payment terms \| Retail consumer loans \| One to four family loans
Financing Receivable, Modifications, Number of Contracts	2	15
Financing Receivable, Modifications, Pre-Modification Recorded Investment	$ 87	$ 1,784
Financing Receivable, Modifications, Post-Modification Recorded Investment	$ 83	$ 1,738
Extended payment terms \| Retail consumer loans \| Home equity lines of credit
Financing Receivable, Modifications, Number of Contracts	4	2
Financing Receivable, Modifications, Pre-Modification Recorded Investment	$ 85	$ 73
Financing Receivable, Modifications, Post-Modification Recorded Investment	$ 80	$ 70
Extended payment terms \| Commercial loans \| Commercial real estate loans
Financing Receivable, Modifications, Number of Contracts		3
Financing Receivable, Modifications, Pre-Modification Recorded Investment		$ 965
Financing Receivable, Modifications, Post-Modification Recorded Investment		$ 891
Extended payment terms \| Commercial loans \| Construction and development loans
Financing Receivable, Modifications, Number of Contracts		2
Financing Receivable, Modifications, Pre-Modification Recorded Investment		$ 2,694
Financing Receivable, Modifications, Post-Modification Recorded Investment		$ 2,694
Extended payment terms \| Commercial loans \| Commercial and industrial loans
Financing Receivable, Modifications, Number of Contracts	1	3
Financing Receivable, Modifications, Pre-Modification Recorded Investment	$ 10	$ 106
Financing Receivable, Modifications, Post-Modification Recorded Investment	$ 10	$ 100
Other Troubled Debt Restructurings \| Total troubled debt restructured loans other troubled debt restructurings
Financing Receivable, Modifications, Number of Contracts	137	28
Financing Receivable, Modifications, Pre-Modification Recorded Investment	$ 10,138	$ 8,090
Financing Receivable, Modifications, Post-Modification Recorded Investment	$ 9,136	$ 6,692
Other Troubled Debt Restructurings \| Retail consumer loans \| One to four family loans
Financing Receivable, Modifications, Number of Contracts	85	12
Financing Receivable, Modifications, Pre-Modification Recorded Investment	$ 6,830	$ 2,261
Financing Receivable, Modifications, Post-Modification Recorded Investment	$ 6,456	$ 2,348
Other Troubled Debt Restructurings \| Retail consumer loans \| Home equity lines of credit
Financing Receivable, Modifications, Number of Contracts	39	1
Financing Receivable, Modifications, Pre-Modification Recorded Investment	$ 1,232	$ 35
Financing Receivable, Modifications, Post-Modification Recorded Investment	$ 1,157	$ 35
Other Troubled Debt Restructurings \| Retail consumer loans \| Construction and land/lots loans
Financing Receivable, Modifications, Number of Contracts	8	1
Financing Receivable, Modifications, Pre-Modification Recorded Investment	$ 395	$ 181
Financing Receivable, Modifications, Post-Modification Recorded Investment	$ 377	$ 170
Other Troubled Debt Restructurings \| Commercial loans \| Commercial real estate loans
Financing Receivable, Modifications, Number of Contracts	4	7
Financing Receivable, Modifications, Pre-Modification Recorded Investment	$ 1,651	$ 2,786
Financing Receivable, Modifications, Post-Modification Recorded Investment	$ 1,119	$ 2,435
Other Troubled Debt Restructurings \| Commercial loans \| Construction and development loans
Financing Receivable, Modifications, Number of Contracts		7
Financing Receivable, Modifications, Pre-Modification Recorded Investment		$ 2,827
Financing Receivable, Modifications, Post-Modification Recorded Investment		$ 1,704
Other Troubled Debt Restructurings \| Commercial loans \| Commercial and industrial loans
Financing Receivable, Modifications, Number of Contracts	1
Financing Receivable, Modifications, Pre-Modification Recorded Investment	$ 30
Financing Receivable, Modifications, Post-Modification Recorded Investment	$ 27

3. Loans: Loans and Leases Receivable, Troubled Debt Restructuring Policy (Details) $ in Thousands	12 Months Ended
	Jun. 30, 2013 USD ($)
One to four family loans
Increase in Number of Troubled Debt Restructurings	91
Increase in Amount of Troubled Debt Restructurings	$ 8,000
Increase in Amount of Troubled Debt Restructurings as a Result of Regulations	$ 1,300
Number of Troubled Debt Restructurings per OCC Requirements	77
Amount of Troubled Debt Restructurings Per OCC Requirements	$ 4,900
Home equity lines of credit
Increase in Number of Troubled Debt Restructurings	43
Number of Troubled Debt Restructurings per OCC Requirements	41
Amount of Troubled Debt Restructurings Per OCC Requirements	$ 1,200

4. Premises and Equipment: Property, Plant and Equipment (Details) - USD ($) $ in Thousands	Jun. 30, 2013	Jun. 30, 2012
Details
Land	$ 5,720	$ 5,720
Capital Leased Assets, Gross	2,052	2,052
Office buildings	26,286	25,855
Furniture and Fixtures, Gross	12,456	11,521
Property, Plant, and Equipment, Owned, Gross	46,514	45,148
Property, Plant, and Equipment, Owned, Accumulated Depreciation	(24,114)	(22,042)
Property, Plant, and Equipment, Owned, Net	$ 22,400	$ 23,106

6. Deposit Accounts: Schedule of Deposit Accounts (Details) - USD ($) $ in Thousands	Jun. 30, 2013	Jun. 30, 2012
Noninterest-bearing Deposit Liabilities	$ 60,828	$ 57,109
Interest-bearing Domestic Deposit, Negotiable Order of Withdrawal (NOW)	195,659	173,574
Interest-bearing Domestic Deposit, Money Market	275,718	257,865
Interest-bearing Domestic Deposit, Savings	82,158	347,669
Interest-bearing Domestic Deposit, Certificates of Deposits	540,387	629,958
Interest-bearing Deposit Liabilities	$ 1,154,750	$ 1,466,175
Noninterest bearing deposit liabilities
Weighted Average Interest Rates	0.00%	0.00%
Interest bearing domestic deposit negotiable order of withdrawal (NOW)
Weighted Average Interest Rates	0.11%	0.19%
Interest bearing domestic deposit money market
Weighted Average Interest Rates	0.28%	0.39%
Interest bearing domestic deposit savings
Weighted Average Interest Rates	0.19%	0.17%
Interest bearing domestic certificates of deposit
Weighted Average Interest Rates	0.90%	1.22%
Interest bearing deposit liabilities
Weighted Average Interest Rates	0.52%	0.66%

6. Deposit Accounts: Schedule of Maturities of Certificates of Deposit (Details) - USD ($) $ in Thousands	Jun. 30, 2013	Jun. 30, 2012
Details
Time Deposit Maturities, Next Twelve Months	$ 374,514	$ 445,111
Time Deposit Maturities, Year Two	75,944	87,122
Time Deposit Maturities, Year Three	44,097	36,276
Time Deposit Maturities, Year Four	25,321	31,046
Time Deposit Maturities, Year Five	20,511	30,403
Time Deposits	$ 540,387	$ 629,958

6. Deposit Accounts: Certificates of Deposit With Balances of $100 Or Greater Totaled $266,458 and $302,246 At June 30, 2013 and 2012, Respectively. Generally, Deposit Amounts in Excess of $250,000 Are Not Federally Insured. (Details) - USD ($) $ in Thousands	Jun. 30, 2013	Jun. 30, 2012
Details
Certificates of Deposit With Balances of $100 or Greater	$ 266,458	$ 302,246

7. Other Borrowings: Schedule of Other Borrowings (Details) $ in Thousands	12 Months Ended
	Jun. 30, 2012 USD ($)
Details
Federal Home Loan Bank, Advances, Maturities Summary, Average Interest Rate of Amounts Due within One Year of Balance Sheet Date	0.00%
Federal Home Loan Bank Advances Maturities Summary Due One to Five Years Of Balance Sheet Date	$ 80
Federal Home Loan Bank Advances Maturities Summary Average Interest Rate One To Five Years From Balance Sheet Date	2.00%
Federal Home Loan Bank, Advances, Maturities Summary, Due after Year Five	$ 15,000
Federal Home Loan Bank, Advances, Maturities Summary by Interest Rate Type, after Five Years	4.96%
Investment Repurchase Agreement, Amount to be Received	$ 7,185
Repurchase Agreement Counterparty, Weighted Average Maturity of Agreements	0.24%
Federal Home Loan Bank, Advances	$ 22,265
Federal Home Loan Bank Advances Maturities Summary Average Interest Rate	3.43%

7. Other Borrowings: Securities Available for Sale Pledged as Collateral for Retail Repurchase Agreements Policy (Details) - USD ($) $ in Thousands	Jun. 30, 2013	Jun. 30, 2012
Details
Securities Pledged as Collateral for Retail Repurchase Agreements	$ 0	$ 11,868
Securities Pledged as Collateral for Retail Repurchase Agreements Market Value		$ 11,931

8. Capital Lease Obligations: Schedule of Future Minimum Rental Payments for Operating Leases (Details) $ in Thousands	12 Months Ended
	Jun. 30, 2013 USD ($)
Details
Operating Leases, Future Minimum Payments Due, Next Twelve Months	$ 698
Operating Leases, Future Minimum Payments, Due in Two Years	692
Operating Leases, Future Minimum Payments, Due in Three Years	699
Operating Leases, Future Minimum Payments, Due in Four Years	613
Operating Leases, Future Minimum Payments, Due Thereafter	774
Operating Leases Future Minimum Payments Net Minimum Payments	$ 3,476

8. Capital Lease Obligations: Capital Lease Policy (Details) - USD ($) $ in Thousands	Jun. 30, 2013	Jun. 30, 2012
Details
Capitall lease obligations included in property plant and equipment	$ 2,052	$ 2,052

8. Capital Lease Obligations: Schedule of Future Minimum Lease Payments for Capital Leases (Details) $ in Thousands	Jun. 30, 2013 USD ($)
Details
Capital Leases, Future Minimum Payments Due, Next Twelve Months	$ 122
Capital Leases, Future Minimum Payments Due in Two Years	122
Capital Leases, Future Minimum Payments Due in Three Years	122
Capital Leases, Future Minimum Payments Due in Four Years	123
Capital Leases, Future Minimum Payments Due Thereafter	2,930
Capital Leases, Future Minimum Payments Due	3,419
Capital Leases, Future Minimum Payments, Interest Included in Payments	(1,403)
Capital Leases Future Minimum Payments Net Minimum Payments	$ 2,016

9. Income Taxes: Schedule of Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2013	Jun. 30, 2012
Details
Deferred Tax Assets, Tax Credit Carryforwards, Alternative Minimum Tax	$ 3,650	$ 3,422
Deferred tax asset allowance for loan losses	12,564	13,281
Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits, Postretirement Benefits	16,998	17,067
Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits	358	361
Deferred Tax Assets, Tax Deferred Expense, Reserves and Accruals, Impairment Losses	972	1,177
Deferred Tax Assets, Capital Loss Carryforwards	10	579
Deferred Tax Assets, Operating Loss Carryforwards	16,336	16,920
Deferred tax asset discount from business combination	509	571
Deferred Tax Assets, Unrealized Losses on Available-for-Sale Securities, Gross	16
Deferred Tax Assets, Other	590	896
Deferred Tax Assets, Gross	52,003	54,274
Less valuation allowance	(2,178)	(2,570)
Deferred Tax Assets, Net of Valuation Allowance, Current	49,825	51,704
Deferred tax liabilities depreciable basis of fixed assets	(1,026)	(1,257)
Deferred tax liabilities deferred loan fees	(530)	(546)
Deferred tax liabilities Federal Home Loan Bank Stock, book basis in excess of tax	(147)	(777)
Deferred tax liabilities stock compensation plans	(694)
Deferred Tax Liabilities, Unrealized Gains on Trading Securities		(93)
Deferred Tax Liabilities, Other		(104)
Deferred Tax Liabilities, Gross, Current	(2,397)	(2,777)
Deferred income taxes	$ 47,428	$ 48,927

11. Deferred Compensation Agreements: Schedule of Net Cash Surrender Value Life Insurance Policies and Deferred Compensation Liability (Details) - USD ($) $ in Thousands	Jun. 30, 2013	Jun. 30, 2012
Details
Net cash surrender value of life insurance	$ 6,238	$ 6,533
Deferred Compensation Liability, Current	$ 1,827	$ 1,931

12. Employee Stock Ownership Plan: Schedule of Shares Held by the Employee Stock Ownership Plan (ESOP) (Details) $ in Thousands	Jun. 30, 2013 USD ($) shares
Details
Employee Stock Ownership Plan (ESOP), Number of Suspense Shares	1,005,100
Employee Stock Ownership Plan (ESOP), Number of Committed-to-be-Released Shares	52,900
Employee Stock Ownership Plan (ESOP), Shares in ESOP	1,058,000
Employee Stock Ownership Plan (ESOP), Deferred Shares, Fair Value \| $	$ 17,046

13. Net Income Per Share: Schedule of Earnings Per Share, Basic and Diluted (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Jun. 30, 2013	Jun. 30, 2012
Weighted Average Number of Shares Outstanding Basic	19,922,283
Weighted Average Number of Diluted Shares Outstanding	19,941,687
Earning per Share Basic	$ 0.45
Earnings Per Share Diluted	$ 0.45
Numerator
Net Income (Loss) Available to Common Stockholders Basic	$ 9,053	$ 4,527
Denominator
Weighted Average Number of Shares Outstanding Basic	19,922,283
Shares Used in Computation of Diluted Earnings (Loss) Per Share	19,404
Weighted Average Number of Diluted Shares Outstanding	19,941,687
Earning per Share Basic	$ 0.45
Earnings Per Share Diluted	$ 0.45

14. Equity Incentive Plan: Equity Incentive Plan Stock Option Activity (Details) $ / shares in Units, $ in Thousands	12 Months Ended
	Jun. 30, 2013 USD ($) $ / shares shares
Outstanding Stock Award
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross \| shares	1,557,000
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price \| $ / shares	$ 14.37
Share-based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Remaining Contractual Term2	9.6
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Intrinsic Value \| $	$ 4,033
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross \| shares	1,557,000
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice \| $ / shares	$ 14.37
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageRemainingContractualTerm2	9.6
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Intrinsic Value \| $	$ 4,033
Options Granted
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross \| shares	1,557,000
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price \| $ / shares	$ 14.37
Share-based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Remaining Contractual Term2	9.6
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross \| shares	1,557,000
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice \| $ / shares	$ 14.37
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageRemainingContractualTerm2	9.6

14. Equity Incentive Plan: Equity Incentive Plan Restricted Stock Award Activity (Details) $ / shares in Units, $ in Thousands	12 Months Ended
	Jun. 30, 2013 USD ($) $ / shares shares
Nonvested Options
Stock Issued During Period, Shares, Restricted Stock Award, Gross \| shares	511,300
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value \| $ / shares	$ 14.37
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Intrinsic Value \| $	$ 8,672
StockIssuedDuringPeriodSharesRestrictedStockAwardGross \| shares	511,300
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue \| $ / shares	$ 14.37
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Intrinsic Value \| $	$ 8,672
Options Granted
Stock Issued During Period, Shares, Restricted Stock Award, Gross \| shares	511,300
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value \| $ / shares	$ 14.37
StockIssuedDuringPeriodSharesRestrictedStockAwardGross \| shares	511,300
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue \| $ / shares	$ 14.37