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INTANGIBLE ASSETS
 12 Months Ended
Jun. 30, 2012
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets Disclosure [Text Block]

NOTE 5—INTANGIBLE ASSETS

 

The following summarizes the original balance and accumulated amortization of core deposit intangible assets at June 30, 2012 and 2011:

 

   

2012

    

2011

  
Original balance   $ 1,927     $ 1,927  
Less: accumulated amortization     1,927       1,838  
Net balance, June 30   $ —     $ 89  

 

Amortization expense for the years ended June 30, 2012 and 2011 was $89 and $161, respectively. Amortization expense is estimated to be zero for the year ending June 30, 2013.