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|   |   |                                                                                                                         |
|--------|--------|------------------------------------------------------------------------------------------------------------------------------|
| þ |   | ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended June 30, 2011 |

|   |   |                                                                                                                                                                                                                                                                                                                                                                         |
|--------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| o      |   | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from                      to                      |

|                                                                |   |                                 |
|---------------------------------------------------------------------|--------|--------------------------------------|
| Maryland                                                            |   | 27-1330256                           |
| (State or Other Jurisdiction ofIncorporation or Organization)  |   | (I.R.S. Employer Identification No.) |

| 27 East Main Street, Versailles, Ohio    |   | 45380      |
|------------------------------------------|--------|------------|
| (Address of Principal Executive Offices) |   | (Zip Code) |

| (937) 526-4515                           |
|-----------------------------------------------|
| (Telephone Number, including Area Code)  |

|                                    |
|-----------------------------------------|
| Title of Each Class                     |
| Common Stock, par value $0.01 per share |

|                      |   |                |   |                                          |   |                             |
|---------------------------|--------|---------------------|--------|-----------------------------------------------|--------|----------------------------------|
| Large accelerated filer o |   | Accelerated filer o |   | Non-accelerated filer o                       |   | Smaller reporting company þ |
|                      |   |                |   | (Do not check if a smaller reporting company) |   |                             |

| Document                                                                      |   | Part of Form 10-K |
|-------------------------------------------------------------------------------|--------|-------------------|
|                                                                          |   |              |
| Proxy Statement for the 2011 Annual Meeting of Stockholders of the Registrant |   | Part III     |

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o

| ITEM 1.    | Business                                                                                                           | 3      |
|------------|--------------------------------------------------------------------------------------------------------------------|--------|
|       |                                                                                                               |   |
| ITEM 1A.   | Risk Factors                                                                                                       | 38     |
|       |                                                                                                               |   |
| ITEM 1B.   | Unresolved Staff Comments                                                                                          | 38     |
|       |                                                                                                               |   |
| ITEM 2.    | Properties                                                                                                         | 38     |
|       |                                                                                                               |   |
| ITEM 3.    | Legal Proceedings                                                                                                  | 39     |
|       |                                                                                                               |   |
| ITEM 4.    | Reserved and Removed                                                                                          | 39     |
|       |                                                                                                               |   |
| ITEM 5.    | Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities | 39     |
|       |                                                                                                               |   |
| ITEM 6.    | Selected Financial Data                                                                                            | 40     |
|       |                                                                                                               |   |
| ITEM 7.    | Management’s Discussion and Analysis of Financial Condition and Results of Operations                        | 40     |
|       |                                                                                                               |   |
| ITEM 7A.   | Quantitative and Qualitative Disclosures About Market Risk                                                         | 52     |
|       |                                                                                                               |   |
| ITEM 8.    | Financial Statements and Supplementary Data                                                                        | 53     |
|       |                                                                                                               |   |
| ITEM 9.    | Changes in and Disagreements With Accountants on Accounting and Financial Disclosure                               | 98     |
|       |                                                                                                               |   |
| ITEM 9A.   | Controls and Procedures                                                                                            | 98     |
|       |                                                                                                               |   |
| ITEM 9B.   | Other Information                                                                                                  | 99     |
|       |                                                                                                               |   |
| ITEM 10.   | Directors, Executive Officers and Corporate Governance                                                             | 99     |
|       |                                                                                                               |   |
| ITEM 11.   | Executive Compensation                                                                                             | 99     |
|       |                                                                                                               |   |
| ITEM 12.   | Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters                     | 99     |
|       |                                                                                                               |   |
| ITEM 13.   | Certain Relationships and Related Transactions, and Director Independence                                          | 99     |
|       |                                                                                                               |   |
| ITEM 14.   | Principal Accountant Fees and Services                                                                             | 99     |
|       |                                                                                                               |   |
| ITEM 15.   | Exhibits and Financial Statement Schedules                                                                         | 100    |
|       |                                                                                                               |   |
| Signatures | 101                                                                                                                |

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| ITEM 1. | Business |
|---------|----------|

|   | · | Statements of our goals, intentions and expectations; |
|--------|--------|-------------------------------------------------------|

|   | · | Statements regarding our business plans, prospects, growth and operating strategies; |
|--------|--------|--------------------------------------------------------------------------------------|

|   | · | Statements regarding the asset quality of our loan and investment portfolios; and |
|--------|--------|-----------------------------------------------------------------------------------|

|   | · | Estimates of our risks and future costs and benefits. |
|--------|--------|-------------------------------------------------------|

|   | · | our ability to manage our operations under the current adverse economic conditions,  nationally and in our market area; |
|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------|

|   | · | adverse changes in the financial industry, securities, credit and national and local real estate markets (including real estate values); |
|--------|--------|------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | further declines in the yield on our assets resulting from the current low market interest rate environment; |
|--------|--------|--------------------------------------------------------------------------------------------------------------|

|   | · | adverse changes in the local, national and international agricultural markets, including weather, pests and government regulation and support, which impact the value of our farmland loans; |
|--------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | our ability to successfully implement our plan to increase our non-residential lending without significant decrease in asset quality; |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------|

|   | · | risks related to high concentration of loans secured by real estate located in our market area; |
|--------|--------|-------------------------------------------------------------------------------------------------|

|   | · | our success in building our new home office on a cost effective basis; |
|--------|--------|------------------------------------------------------------------------|

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|   | · | our ability to offer new deposit products on a cost-effective basis and develop and gather core deposits; |
|--------|--------|-----------------------------------------------------------------------------------------------------------|

|   | · | our ability to manage costs as a public company; |
|--------|--------|--------------------------------------------------|

|   | · | our reliance on a small executive staff; |
|--------|--------|------------------------------------------|

|   | · | competition among depository and other financial institutions; |
|--------|--------|----------------------------------------------------------------|

|   | · | inflation and changes in the interest rate environment that reduce our margins or reduce the fair value of financial instruments; |
|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------|

|   | · | adverse changes in the securities markets; |
|--------|--------|--------------------------------------------|

|   | · | changes in laws or government regulations or policies affecting financial institutions, including changes in regulatory fees and capital requirements, additional consumer protection requirements and changes in the level of government support of housing finance; |
|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | the impact of the Dodd-Frank Wall Street Reform and Consumer Protection Act and the regulations promulgated thereunder, including the likely impact on our compliance costs of our being subject to regulations by the Federal Reserve Board and the FDIC rather than the Office of Thrift Supervision; |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | our ability to enter new markets successfully and capitalize on growth opportunities; |
|--------|--------|---------------------------------------------------------------------------------------|

|   | · | our ability to successfully integrate acquired entities, if any; |
|--------|--------|------------------------------------------------------------------|

|   | · | changes in consumer spending, borrowing and savings habits; |
|--------|--------|-------------------------------------------------------------|

|   | · | decreases in asset quality, including significant increases in our loan losses; |
|--------|--------|---------------------------------------------------------------------------------|

|   | · | future deposit insurance premium levels and special assessments; |
|--------|--------|------------------------------------------------------------------|

|   | · | significantly increased competition with depository and non-depository financial institutions; |
|--------|--------|------------------------------------------------------------------------------------------------|

|   | · | changes in accounting policies and practices, as may be adopted by the bank regulatory agencies, the Financial Accounting Standards Board, the Securities and Exchange Commission and the Public Company Accounting Oversight Board; |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | changes in our organization, compensation and benefit plans; |
|--------|--------|--------------------------------------------------------------|

|   | · | changes in our financial condition or results of operations that reduce capital available to pay dividends; and |
|--------|--------|-----------------------------------------------------------------------------------------------------------------|

|   | · | changes in the financial condition or future prospects of issuers of securities that we own. |
|--------|--------|----------------------------------------------------------------------------------------------|

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|                                       |   | At June 30,            |   |
|--------------------------------------------|--------|------------------------|--------|
|                                       |   | 2011                   |   |   | 2010 |   |
|                                       |   | Amount                 |   |   | Percent |   |   | Amount |   |   | Percent |   |
|                                       |   | (Dollars in thousands) |   |
| Real estate loans:                         |   |                   |   |   |   |   |   |   |   |   |   |   |
| One- to four-family                        |   | $                      | 27,845 |   |   |   | 73.87 | % |   | $ | 27,556 |   |   |   | 74.76 | % |
| Multi-family                               |   |                   | 235    |   |   |   | 0.63 | % |   |   | 189 |   |   |   | 0.51 | % |
| Construction                               |   |                   | 403    |   |   |   | 1.07 | % |   |   | 171 |   |   |   | 0.47 | % |
| Non-residential  real estate (1) |   |                   | 7,676  |   |   |   | 20.36 | % |   |   | 7,254 |   |   |   | 19.68 | % |
| Total real estate loans                    |   |                   | 36,159 |   |   |   | 95.93 | % |   |   | 35,170 |   |   |   | 95.42 | % |
|                                       |   |                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Commercial loans                           |   |                   | 487    |   |   |   | 1.29 | % |   |   | 474 |   |   |   | 1.28 | % |
| Consumer loans                             |   |                   | 1,046  |   |   |   | 2.78 | % |   |   | 1,215 |   |   |   | 3.30 | % |
| Total loans                                |   | $                      | 37,692 |   |   |   | 100.00 | % |   | $ | 36,859 |   |   |   | 100.00 | % |
|                                       |   |                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net deferred loan fees                     |   |                   | 44     |   |   |   | 0.12 |   |   |   | 55 |   |   |   | 0.15 |   |
| Allowance for losses                       |   |                   | (221   | ) |   |   | 0.59 | % |   |   | (191 | ) |   |   | 0.52 | % |
| Loans, net                                 |   | $                      | 37,515 |   |   |   |   |   |   | $ | 36,723 |   |   |   |   |   |

|   | (1) | Includes $5.1 million secured by farmland for the year ended June 30, 2011 and $4.9 million for the year ended June 30, 2010. |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------------|

|   | (2) | At June 30, 2011, all of our construction loans were secured by one- to four-family real estate. |
|--------|-----|--------------------------------------------------------------------------------------------------|

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|                                 |   | One- to Four-Family Real Estate |   |   | Multi-Family Real Estate |   |   | Non-Residential Real Estate |   |   | Construction               |   |
|--------------------------------------|--------|---------------------------------|--------|--------|--------------------------|--------|--------|-----------------------------|--------|--------|----------------------------|--------|
|                                 |   | Amount                          |   |   | Weighted Average Rate    |   |   | Amount                      |   |   | Weighted Average Rate |   |   | Amount |   |   | Weighted Average Rate |   |   | Amount |   |   | Weighted Average Rate |   |
|                                 |   | (Dollars in thousands)          |   |
| Due During the Years Ending June 30, |   |                            |   |   |                     |   |   |                        |   |   |                       |   |   |   |   |   |   |   |   |   |   |   |   |   |
| 2012                                 |   | $                               | 1,708  |   |                     |   | 4.96   | %                           |   | $      | 21                         |   |   |   | 6.24 | % |   | $ | 721 |   |   |   | 5.65 | % |   | $ | 15 |   |   |   | 4.59 | % |
| 2013 and 2014                        |   |                            | 3,153  |   |                     |   | 4.95   |                        |   |   | 35                         |   |   |   | 6.27 |   |   |   | 1,131 |   |   |   | 5.74 |   |   |   | 39 |   |   |   | 4.60 |   |
| 2015 and 2016                        |   |                            | 3,165  |   |                     |   | 4.96   |                        |   |   | 26                         |   |   |   | 6.44 |   |   |   | 1,121 |   |   |   | 5.77 |   |   |   | 42 |   |   |   | 4.60 |   |
| 2017 to 2021                         |   |                            | 7,574  |   |                     |   | 4.96   |                        |   |   | 66                         |   |   |   | 6.62 |   |   |   | 2,192 |   |   |   | 5.78 |   |   |   | 124 |   |   |   | 4.60 |   |
| 2022 to 2031                         |   |                            | 10,236 |   |                     |   | 5.01   |                        |   |   | 43                         |   |   |   | 6.79 |   |   |   | 2,222 |   |   |   | 5.99 |   |   |   | 171 |   |   |   | 4.65 |   |
| 2031 and beyond                      |   |                            | 2,009  |   |                     |   | 5.19   |                        |   |   | 44                         |   |   |   | 6.50 |   |   |   | 289 |   |   |   | 6.26 |   |   |   | 12 |   |   |   | 5.50 |   |
|                                 |   |                            |   |   |                     |   |   |                        |   |   |                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total                                |   | $                               | 27,845 |   |                     |   | 5.00   | %                           |   | $      | 235                        |   |   |   | 6.52 | % |   | $ | 7,676 |   |   |   | 5.84 | % |   | $ | 403 |   |   |   | 4.65 | % |

|                                 |   | Consumer               |    |   | Commercial                 |   |    | Total  |   |
|--------------------------------------|--------|------------------------|---------|--------|----------------------------|--------|---------|--------|--------|
|                                 |   | Amount                 |    |   | Weighted Average Rate |   |    | Amount |   |   | Weighted Average Rate |   |   | Amount |   |   | Weighted Average Rate |   |
|                                 |   | (Dollars in thousands) |    |
| Due During the Years Ending June 30, |   |                   |    |   |                       |   |    |   |   |   |   |   |   |   |   |   |   |   |
| 2012                                 |   | $                      | 456     |   |                       |   | 7.33    | %      |   | $ | 148 |   |   |   | 5.51 | % |   | $ | 3,069 |   |   |   | 5.51 | % |
| 2013 and 2014                        |   |                   | 322     |   |                       |   | 6.99    |   |   |   | 205 |   |   |   | 6.07 |   |   |   | 4,885 |   |   |   | 5.32 |   |
| 2015 and 2016                        |   |                   | 122     |   |                       |   | 6.72    |   |   |   | 115 |   |   |   | 5.95 |   |   |   | 4,591 |   |   |   | 5.24 |   |
| 2017 to 2021                         |   |                   | 106     |   |                       |   | 6.38    |   |   |   | 19 |   |   |   | 5.31 |   |   |   | 10,081 |   |   |   | 5.16 |   |
| 2022 to 2031                         |   |                   | 40      |   |                       |   | 5.25    |   |   |   | — |   |   |   | — |   |   |   | 12,712 |   |   |   | 5.19 |   |
| 2031 and beyond                      |   |                   | — |   |                       |   | — |   |   |   | — |   |   |   | — |   |   |   | 2,354 |   |   |   | 5.35 |   |
|                                 |   |                   |    |   |                       |   |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total                                |   | $                      | 1,046   |   |                       |   | 6.98    | %      |   | $ | 487 |   |   |   | 5.84 | % |   | $ | 37,692 |   |   |   | 5.24 | % |

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|                                     |   | Due After June 30, 2012 |   |
|------------------------------------------|--------|-------------------------|--------|
|                                     |   | Fixed                   |   |   | Adjustable |   |   | Total |   |
|                                     |   | (In thousands)          |   |
| Real Estate:                             |   |                    |   |   |   |   |   |   |   |
| One- to four-family                      |   | $                       | 20,355 |   |   | $ | 5,782 |   |   | $ | 26,137 |   |
| Multi-family                             |   |                    | 214    |   |   |   | — |   |   |   | 214 |   |
| Construction                             |   |                    | 388    |   |   |   | — |   |   |   | 388 |   |
| Non-residential / commercial real estate |   |                    | 5,792  |   |   |   | 1,163 |   |   |   | 6,955 |   |
| Total real estate loans                  |   |                    | 26,749 |   |   |   | 6,945 |   |   |   | 33,694 |   |
|                                     |   |                    |   |   |   |   |   |   |   |   |   |   |
| Commercial                               |   |                    | 339    |   |   |   | — |   |   |   | 339 |   |
| Consumer loans                           |   |                    | 590    |   |   |   | — |   |   |   | 590 |   |
|                                     |   |                    |   |   |   |   |   |   |   |   |   |   |
| Total loans                              |   | $                       | 27,678 |   |   | $ | 6,945 |   |   | $ | 34,623 |   |

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|                       |   | At June 30,    |   |
|----------------------------|--------|----------------|--------|
| Type of Loan               |   | 2011           |   |   | 2010 |   |
|                       |   | (In thousands) |   |
|                       |   |           |   |   |   |   |
| Office                     |   | $              | 805    |   |   | $ | 417 |   |
| Industrial                 |   |           | 562    |   |   |   | 310 |   |
| Retail                     |   |           | 1,017  |   |   |   | 1,083 |   |
| Farm/Agriculture           |   |           | 5,104  |   |   |   | 4,945 |   |
| Mixed use                  |   |           | 79     |   |   |   | 382 |   |
| Other Improved Real Estate |   |           | 109    |   |   |   | 117 |   |
| Total                      |   | $              | 7,676  |   |   | $ | 7,254 |   |

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|                               |   | Years Ended June 30, |    |
|------------------------------------|--------|----------------------|---------|
|                               |   | 2011                 |    |   | 2010 |   |
|                               |   | (In thousands)       |    |
|                               |   |                 |    |   |   |   |
| Total loans at beginning of period |   | $                    | 36,723  |   |   | $ | 34,428 |   |
|                               |   |                 |    |   |   |   |   |   |
| Loans originated:                  |   |                 |    |   |   |   |   |   |
| Real estate loans:                 |   |                 |    |   |   |   |   |   |
| One- to four-family                |   |                 | 8,584   |   |   |   | 5,556 |   |
| Multi-family                       |   |                 | 86      |   |   |   | 82 |   |
| Construction                       |   |                 | 1,104   |   |   |   | 706 |   |
| Non-residential                    |   |                 | 2,607   |   |   |   | 2,633 |   |
| Total real estate loans            |   |                 | 12,381  |   |   |   | 8.977 |   |
| Commercial loans                   |   |                 | 313     |   |   |   | 220 |   |
| Consumer loans                     |   |                 | 1,492   |   |   |   | 1,330 |   |
| Total loans originated             |   |                 | 14,186  |   |   |   | 10,527 |   |
|                               |   |                 |    |   |   |   |   |   |
| Deduct:                            |   |                 |    |   |   |   |   |   |
| Principal repayments               |   |                 | 13,353  |   |   |   | 8,299 |   |
| Loan sales                         |   |                 | — |   |   |   | — |   |
| Home equity lines of credit, net   |   |                 | — |   |   |   | — |   |
| Net, other                         |   |                 | 41      |   |   |   | (67 | ) |
| Net loan activity                  |   |                 | 792     |   |   |   | 2,295 |   |
| Total loans at end of period       |   | $                    | 37,515  |   |   | $ | 36,723 |   |

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|                        |   | At June 30,       |    |
|-----------------------------|--------|-------------------|---------|
|                        |   | 2011              |    |   | 2010 |   |
|                        |   | 30-59DaysPast Due |    |   | 60-89DaysPast Due |   |   | 90 Daysor MorePast Due |   |   | 30-59DaysPast Due |   |   | 60-89DaysPast Due |   |   | 90 Daysor MorePast Due |   |
|                        |   | (In thousands)    |    |
| Real estate loans:          |   |              |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| One- to four-family         |   | $                 | 49      |   |   | $ | 93 |   |   | $ | — |   |   | $ | 144 |   |   | $ | 90 |   |   | $ | — |   |
| Multi-family                |   |              | — |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |
| Non-residential real estate |   |              | — |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |
| Construction                |   |              | — |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |
| Total real estate loans     |   |              | 49      |   |   |   | 93 |   |   |   | — |   |   |   | 144 |   |   |   | 90 |   |   |   | — |   |
|                        |   |              |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Commercial loans            |   |              | — |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |
| Consumer loans              |   |              | 4       |   |   |   | — |   |   |   | — |   |   |   | 25 |   |   |   | — |   |   |   | — |   |
| Total                       |   | $                 | 53      |   |   | $ | 93 |   |   | $ | — |   |   | $ | 169 |   |   | $ | 90 |   |   | $ | — |   |

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|                    |   | At June 30,    |    |
|-------------------------|--------|----------------|---------|
|                    |   | 2011           |    |   | 2010 |   |
|                    |   | (In thousands) |    |
|                    |   |           |    |   |   |   |
| Special mention assets  |   | $              | 70      |   |   | $ | — |   |
| Substandard assets      |   |           | — |   |   |   | 250 |   |
| Doubtful assets         |   |           | — |   |   |   | — |   |
| Loss assets             |   |           | — |   |   |   | — |   |
| Total classified assets |   | $              | 70      |   |   | $ | 250 |   |

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|                                                    |   | At June 30,            |    |
|---------------------------------------------------------|--------|------------------------|---------|
|                                                    |   | 2011                   |    |   | 2010 |   |
|                                                    |   | (Dollars in thousands) |    |
| Non-Accrual:                                            |   |                   |    |   |   |   |
| Real estate loans:                                      |   |                   |    |   |   |   |
| One- to four-family                                     |   | $                      | 70      |   |   | $ | 90 |   |
| Multi-family                                            |   |                   | — |   |   |   | — |   |
| Non-residential                                         |   |                   | — |   |   |   | — |   |
| Construction                                            |   |                   | — |   |   |   | — |   |
| Total real estate loans                                 |   |                   | 70      |   |   |   | 90 |   |
| Commercial loans                                        |   |                   | — |   |   |   | — |   |
| Consumer loans                                          |   |                   | — |   |   |   | — |   |
| Total nonaccrual loans                                  |   | $                      | 70      |   |   | $ | 90 |   |
|                                                    |   |                   |    |   |   |   |   |   |
| Accruing loans past due 90 days or more:                |   |                   |    |   |   |   |   |   |
| Real estate loans:                                      |   |                   |    |   |   |   |   |   |
| One- to four-family                                     |   | $                      | — |   |   | $ | — |   |
| Multi-family                                            |   |                   | — |   |   |   | — |   |
| Non-residential                                         |   |                   | — |   |   |   | — |   |
| Construction                                            |   |                   | — |   |   |   | — |   |
| Total real estate loans                                 |   |                   | — |   |   |   | — |   |
| Commercial loans                                        |   |                   | — |   |   |   | — |   |
| Consumer loans                                          |   |                   | — |   |   |   | — |   |
| Total accruing loans past due 90 daysor more            |   |                   | — |   |   |   | — |   |
| Total of non-accrual and 90 days or more past due loans |   | $                      | 70      |   |   | $ | 90 |   |
|                                                    |   |                   |    |   |   |   |   |   |
| Other nonperforming assets (1)                          |   |                   | — |   |   |   | 160 |   |
| Total nonperforming assets                              |   | $                      | 70      |   |   | $ | 250 |   |
|                                                    |   |                   |    |   |   |   |   |   |
| Total nonperforming loans to total loans                |   |                   | 0.18    | % |   |   | 0.24 | % |
| Total nonperforming assets to total assets              |   |                   | 0.16    | % |   |   | 0.55 | % |

|   | (1) | Consists of other real estate owned. |
|--------|-----|--------------------------------------|

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|                                                                                                |   | At June 30,            |          |
|-----------------------------------------------------------------------------------------------------|--------|------------------------|---------------|
|                                                                                                |   | 2011                   |          |   | 2010 |   |
|                                                                                                |   | (Dollars in thousands) |          |
|                                                                                                |   |                   |          |   |   |   |
| Allowance at beginning of period                                                                    |   | $                      | 191           |   |   | $ | 264 |   |
| Provision for loan losses                                                                           |   |                   | 30            |   |   |   | 20 |   |
| Charge offs:                                                                                        |   |                   |          |   |   |   |   |   |
| Real estate loans                                                                                   |   |                   |          |   |   |   |   |   |
| One- to four-family                                                                                 |   |                   |  — |   |   |   | 14 |   |
| Multi-family                                                                                        |   |                   |  — |   |   |   | 79 |   |
| Non-residential real estate                                                                         |   |                   | —       |   |   |   | — |   |
| Construction                                                                                        |   |                   | —       |   |   |   | — |   |
| Commercial                                                                                          |   |                   | —       |   |   |   | — |   |
| Consumer                                                                                            |   |                   | —       |   |   |   | — |   |
| Total charge-offs                                                                                   |   | $                      | —       |   |   | $ | 93 |   |
|                                                                                                |   |                   |          |   |   |   |   |   |
| Recoveries:                                                                                         |   |                   |          |   |   |   |   |   |
| Real estate loans                                                                                   |   |                   |          |   |   |   |   |   |
| One- to four-family                                                                                 |   |                   | —       |   |   |   | — |   |
| Multi-family                                                                                        |   |                   | —       |   |   |   | — |   |
| Non-residential  real estate                                                              |   |                   | —       |   |   |   | — |   |
| Construction                                                                                        |   |                   | —       |   |   |   | — |   |
| Commercial                                                                                          |   |                   | —       |   |   |   | — |   |
| Consumer                                                                                            |   |                   | —       |   |   |   | — |   |
| Total recoveries                                                                                    |   | $                      | —       |   |   | $ | — |   |
| Net charge-offs (recoveries)                                                                        |   | $                      | —       |   |   | $ | 93 |   |
|                                                                                                |   |                   |          |   |   |   |   |   |
| Allowance at end of period                                                                          |   | $                      | 221           |   |   | $ | 191 |   |
|                                                                                                |   |                   |          |   |   |   |   |   |
| Allowance to nonperforming loans                                                                    |   |                   | 316.85        | % |   |   | 211.59 | % |
| Allowance to total loans outstanding     at the end of the period               |   |                   | 0.59          | % |   |   | 0.52 | % |
| Net charge-offs (recoveries) to average     loans outstanding during the period |   |                   | 0.00          | % |   |   | 0.26 | % |

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|                            |   | At June 30,            |    |
|---------------------------------|--------|------------------------|---------|
|                            |   | 2011                   |    |   | 2010 |   |
|                            |   | Amount                 |    |   | % ofAllowanceto TotalAllowance |   |   | % ofLoans inCategoryto TotalLoans |   |   | Amount |   |   | % ofAllowanceto TotalAllowance |   |   | % ofLoans inCategoryto TotalLoans |   |
|                            |   | (Dollars in thousands) |    |
| Real estate loans:              |   |                   |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| One- to four-family             |   | $                      | 186     |   |   |   | 84.16 | % |   |   | 73.87 | % |   | $ | 143 |   |   |   | 74.87 | % |   |   | 74.76 | % |
| Multi-family                    |   |                   | — |   |   |   | 0.17 |   |   |   | 0.63 |   |   |   | 1 |   |   |   | 0.52 |   |   |   | 0.51 |   |
| Non-residential real estate     |   |                   | 25      |   |   |   | 11.31 |   |   |   | 20.36 |   |   |   | 38 |   |   |   | 19.90 |   |   |   | 19.68 |   |
| Construction                    |   |                   | 1       |   |   |   | 0.45 |   |   |   | 1.07 |   |   |   | 1 |   |   |   | 0.52 |   |   |   | 0.47 |   |
| Total real estate loans         |   |                   | 212     |   |   |   | 95.92 | % |   |   | 95.93 | % |   |   | 183 |   |   |   | 95.81 | % |   |   | 95.42 | % |
| Commercial loans                |   |                   | 2       |   |   |   | 0.91 |   |   |   | 1.29 |   |   |   | 2 |   |   |   | 1.05 |   |   |   | 1.28 |   |
| Consumer loans                  |   |                   | 3       |   |   |   | 1.36 |   |   |   | 2.78 |   |   |   | 6 |   |   |   | 3.14 |   |   |   | 3.30 |   |
| Unallocated                     |   |                   | 4       |   |   |   | 1.81 |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |
| Total allowance for loan losses |   | $                      | 221     |   |   |   | 100.00 | % |   |   | 100.00 | % |   | $ | 191 |   |   |   | 100.00 | % |   |   | 100.00 | % |

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|                           |   | At June 30,    |    |
|--------------------------------|--------|----------------|---------|
|                           |   | 2011           |    |   | 2010 |   |
|                           |   | AmortizedCost  |    |   | FairValue |   |   | AmortizedCost |   |   | FairValue |   |
|                           |   | (In thousands) |    |
| Securities available for sale: |   |           |    |   |   |   |   |   |   |   |   |   |
| U.S. Government agencies       |   | $              | — |   |   | $ | — |   |   | $ | — |   |   | $ | — |   |
| Mortgage-backed securities     |   |           | — |   |   |   | — |   |   |   | — |   |   |   | — |   |
| Total debt securities          |   |           | — |   |   |   | — |   |   |   | — |   |   |   | — |   |
| Mutual fund (1)                |   |           | 694     |   |   |   | 699 |   |   |   | 694 |   |   |   | 708 |   |
| Total available for sale       |   |           | 694     |   |   |   | 699 |   |   |   | 694 |   |   |   | 708 |   |
|                           |   |           |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Securities held to maturity:   |   |           |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| U.S. Government agencies       |   | $              | — |   |   | $ | — |   |   | $ | — |   |   | $ | — |   |
| Mortgage-backed securities     |   |           | 694     |   |   |   | 730 |   |   |   | 903 |   |   |   | 946 |   |
| Total held to maturity         |   |           | 694     |   |   |   | 730 |   |   |   | 903 |   |   |   | 946 |   |
|                           |   |           |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total                          |   | $              | 1,388   |   |   | $ | 1,429 |   |   | $ | 1,597 |   |   | $ | 1,654 |   |

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|                                                                       |   | No Stated Maturity     |    |   | One Year or Less     |   |    | More than One Year to Five Years |   |   | More than Five Years to Ten Years |   |   | More than Ten Years |    |   | Total                |   |
|----------------------------------------------------------------------------|--------|------------------------|---------|--------|----------------------|--------|---------|---------------------------------------|--------|--------|-----------------------------------|--------|--------|---------------------|---------|--------|----------------------|--------|
|                                                                       |   | AmortizedCost          |    |   | WeightedAverageYield |   |    | AmortizedCost                         |   |   | WeightedAverageYield              |   |   | AmortizedCost       |    |   | WeightedAverageYield |   |   | AmortizedCost |   |   | WeightedAverageYield |   |   | AmortizedCost |   |   | WeightedAverageYield |   |   | AmortizedCost |   |   | WeightedAverageYield |   |
|                                                                       |   | (Dollars in thousands) |    |
| Securities available-for-sale:                                             |   |                   |    |   |                 |   |    |                                  |   |   |                              |   |   |                |    |   |                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| U.S. Governmentagencies                                                    |   | $                      | — |   |                 |   | — |                                  |   | $      | —                           |   |   |                | — |   |                 | $      | — |   |   |   | — |   |   | $ | — |   |   | $ | — |   |   | $ | — |   |   |   | — |   |   | $ | — |   |   |   | — |   |
| Mortgage-backed securities                                                 |   |                   | — |   |                 |   | — |                                  |   |   | —                           |   |   |                | — |   |                 |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |
| Total debt securities                                                      |   |                   | — |   |                 |   | — |                                  |   |   | —                           |   |   |                | — |   |                 |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |
| Mutual fund (1)                                                            |   |                   | 694     |   |                 |   | 1.88    | %                                     |   |   | —                           |   |   |                | — |   |                 |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | 694 |   |   |   | 1 88 | % |
| Total available for sale                                                   |   |                   | 694     |   |                 |   | 1.88    | %                                     |   |   | —                           |   |   |                | — |   |                 |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | 694 |   |   |   | 1.88 | % |
|                                                                       |   |                   |    |   |                 |   |    |                                  |   |   |                              |   |   |                |    |   |                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Securities held to maturity:                                               |   |                   |    |   |                 |   |    |                                  |   |   |                              |   |   |                |    |   |                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| U.S. Governmentagencies                                                    |   | $                      | — |   |                 |   | — |                                  |   | $      | —                           |   |   |                | — |   |                 | $      | — |   |   |   | — |   |   | $ | — |   |   | $ | — |   |   | $ | — |   |   |   | — |   |   | $ | — |   |   |   | — |   |
| Mortgage-backed securities                                                 |   |                   | — |   |                 |   | — |                                  |   |   | —                           |   |   |                | — |   |                 |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | 694 |   |   |   | 3.33 | % |   |   | 694 |   |   |   | 3.33 | % |
| Total held to maturity                                                     |   |                   | — |   |                 |   | — |                                  |   |   | —                           |   |   |                | — |   |                 |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | 694 |   |   |   | 3.33 |   |   |   | 694 |   |   |   | 3.33 |   |
|                                                                       |   |                   |    |   |                 |   |    |                                  |   |   |                              |   |   |                |    |   |                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total                                                                      |   | $                      | 694     |   |                 |   | 1.88    | %                                     |   |   | —                           |   |   |                |    |   |                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   | $ | 694 |   |   |   | 3.33 | % |   | $ | 1,388 |   |   |   | 2.61 | % |
| _________________________(1) Consists of AMF Short US Government Fund |

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|                    |   | At June 30,            |   |
|-------------------------|--------|------------------------|--------|
|                    |   | 2011                   |   |   | 2010 |   |
|                    |   | Amount                 |   |   | Percent |   |   | Amount |   |   | Percent |   |
|                    |   | (Dollars in thousands) |   |
|                    |   |                   |   |   |   |   |   |   |   |   |   |   |
| Savings accounts        |   | $                      | 8,970  |   |   |   | 33.88 | % |   | $ | 8,145 |   |   |   | 31.40 | % |
| Certificates of deposit |   |                   | 17,506 |   |   |   | 66.12 | % |   |   | 17,792 |   |   |   | 68.60 | % |
| Total                   |   | $                      | 26,476 |   |   |   | 100.00 | % |   | $ | 25,937 |   |   |   | 100.00 | % |

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|                           |   | Certificatesof Deposit |   |
|--------------------------------|--------|------------------------|--------|
|                           |   | (In thousands)         |   |
| Maturity Period:               |   |                   |   |
| Three months or less           |   | $                      | 958    |   |
| Over three through six months  |   |                   | 198    |   |
| Over six through twelve months |   |                   | 756    |   |
| Over twelve months             |   |                   | 950    |   |
| Total                          |   | $                      | 2,863  |   |

|           |   | At June 30,    |   |
|----------------|--------|----------------|--------|
|           |   | 2011           |   |   | 2010 |   |
|           |   | (In thousands) |   |
|           |   |           |   |   |   |   |
| Interest Rate: |   |           |   |   |   |   |
| 2% or less     |   | $              | 15,250 |   |   | $ | 10,211 |   |
| 2.01% - 3.00%  |   |           | 1,670  |   |   |   | 6,602 |   |
| 3.01% - 4.00%  |   |           | 303    |   |   |   | 418 |   |
| 4.01% - 5.00%  |   |           | 185    |   |   |   | 467 |   |
| 5.01% - 6.00%  |   |           | 98     |   |   |   | 94 |   |
|           |   |           |   |   |   |   |   |   |
| Total          |   | $              | 17,506 |   |   | $ | 17,792 |   |

|           |   | At June 30, 2011       |   |
|----------------|--------|------------------------|--------|
|           |   | Period to Maturity     |   |
|           |   | Less ThanOne Year      |   |   | Over OneYear toTwo Years |   |   | Over TwoYears toThreeYears |   |   | OverThreeYears |   |   | Total |   |   | Percentage ofTotalCertificateAccounts |   |
|           |   | (Dollars in thousands) |   |
|           |   |                   |   |
| Interest Rate: |   |                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| 2% or less     |   | $                      | 10,585 |   |   | $ | 3,997 |   |   | $ | 367 |   |   | $ | 301 |   |   | $ | 15,250 |   |   |   | 87.11 | % |
| 2.01% - 3.00%  |   |                   | 331    |   |   |   | 566 |   |   |   | 586 |   |   |   | 187 |   |   |   | 1,670 |   |   |   | 9.54 |   |
| 3.01% - 4.00%  |   |                   | 89     |   |   |   | 214 |   |   |   | - |   |   |   | - |   |   |   | 303 |   |   |   | 1.73 |   |
| 4.01% - 5.00%  |   |                   | 185    |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 185 |   |   |   | 1.06 |   |
| 5.01% - 6.00%  |   |                   | 98     |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 98 |   |   |   | 0.56 |   |
|           |   |                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total          |   | $                      | 11,288 |   |   | $ | 4,777 |   |   | $ | 953 |   |   | $ | 488 |   |   | $ | 17,506 |   |   |   | 100.00 | % |

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|                                              |   | At or for the Year Ended June 30, |   |
|---------------------------------------------------|--------|-----------------------------------|--------|
|                                              |   | 2011                              |   |   | 2010 |   |
|                                              |   | (Dollars in thousands)            |   |
|                                              |   |                              |   |   |   |   |
| Maximum amount at any month end:                  |   |                              |   |   |   |   |
| FHLB advances                                     |   | $                                 | 7,500  |   |   | $ | 8,500 |   |
| Average amount outstanding during the period:     |   |                              |   |   |   |   |   |   |
| FHLB advances                                     |   |                              | 6,292  |   |   |   | 8,250 |   |
| Weighted average interest rate during the period: |   |                              |   |   |   |   |   |   |
| FHLB advances                                     |   |                              | 3.41   | % |   |   | 4.66 | % |
| Balance outstanding at end of period:             |   |                              |   |   |   |   |   |   |
| FHLB advances                                     |   | $                                 | 6,000  |   |   | $ | 7,500 |   |
| Weighted average interest rate at end of period:  |   |                              |   |   |   |   |   |   |
| FHLB advances                                     |   |                              | 3.01   | % |   |   | 4.26 | % |

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|   | · | the total capital distributions for the applicable calendar year exceed the sum of the savings and loan association’s net income for that year to date plus the savings and loan association’s retained net income for the preceding two years; |
|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | the savings and loan association would not be at least adequately capitalized following the distribution; |
|--------|--------|-----------------------------------------------------------------------------------------------------------|

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|   | · | the distribution would violate any applicable statute, regulation, agreement or condition imposed by the association’s regulators; or |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | the savings and loan association is not eligible for expedited treatment of its filings. |
|--------|--------|------------------------------------------------------------------------------------------|

|   | · | the savings and loan association would be undercapitalized following the distribution; |
|--------|--------|----------------------------------------------------------------------------------------|

|   | · | the proposed capital distribution raises safety and soundness concerns; or |
|--------|--------|----------------------------------------------------------------------------|

|   | · | the capital distribution would violate a prohibition contained in any statute, regulation or agreement. |
|--------|--------|---------------------------------------------------------------------------------------------------------|

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|   | · | be made on terms that are substantially the same as, and follow credit underwriting procedures that are not less stringent than, those prevailing for comparable transactions with unaffiliated persons and that do not involve more than the normal risk of repayment or present other unfavorable features, and |
|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | not exceed certain limitations on the amount of credit extended to such persons, individually and in the aggregate, which limits are based, in part, on the amount of Versailles Savings’ capital. |
|--------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|   | · | well-capitalized (at least 5% leverage capital, 6% Tier 1 risk-based capital and 10% total risk-based capital); |
|--------|--------|----------------------------------------------------------------------------------------------------------------------|

|   | · | adequately capitalized (at least 4% leverage capital, 4% Tier 1 risk-based capital and 8% total risk-based capital); |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------|

|   | · | undercapitalized (less than 3% leverage capital, 4% Tier 1 risk-based capital or 8% total risk-based capital); |
|--------|--------|---------------------------------------------------------------------------------------------------------------------|

|   | · | significantly undercapitalized (less than 3% leverage capital, 3% Tier 1 risk-based capital or 6% total risk-based capital); and |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | critically undercapitalized (less than 2% tangible capital). |
|--------|--------|--------------------------------------------------------------|

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|   | · | Truth-In-Lending Act, governing disclosures of credit terms to consumer borrowers; |
|--------|--------|------------------------------------------------------------------------------------|

|   | · | Home Mortgage Disclosure Act, requiring financial institutions to provide information to enable the public and public officials to determine whether a financial institution is fulfilling its obligation to help meet the housing needs of the community it serves; |
|--------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | Equal Credit Opportunity Act, prohibiting discrimination on the basis of race, creed or other prohibited factors in extending credit; |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------|

|   | · | Fair Credit Reporting Act, governing the use and provision of information to credit reporting agencies; |
|--------|--------|---------------------------------------------------------------------------------------------------------|

|   | · | Fair Debt Collection Act, governing the manner in which consumer debts may be collected by collection agencies; |
|--------|--------|-----------------------------------------------------------------------------------------------------------------|

|   | · | Truth in Savings Act; and |
|--------|--------|---------------------------|

|   | · | rules and regulations of the various federal agencies charged with the responsibility of implementing such federal laws. |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------|

|   | · | Right to Financial Privacy Act, which imposes a duty to maintain confidentiality of consumer financial records and prescribes procedures for complying with administrative subpoenas of financial records; |
|--------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|   | · | Electronic Funds Transfer Act and Regulation E promulgated thereunder, which govern automatic deposits to and withdrawals from deposit accounts and customers’ rights and liabilities arising from the use of automated teller machines and other electronic banking services; |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | Check Clearing for the 21st Century Act (also known as “Check 21”), which gives “substitute checks,” such as digital check images and copies made from that image, the same legal standing as the original paper check; |
|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | The USA PATRIOT Act, which requires savings and loan associations operating to, among other things, establish broadened anti-money laundering compliance programs, due diligence policies and controls to ensure the detection and reporting of money laundering. Such required compliance programs are intended to supplement existing compliance requirements, also applicable to financial institutions, under the Bank Secrecy Act and the Office of Foreign Assets Control regulations; and |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | The Gramm-Leach-Bliley Act, which places limitations on the sharing of consumer financial information by financial institutions with unaffiliated third parties. Specifically, the Gramm-Leach-Bliley Act requires all financial institutions offering financial products or services to retail customers to provide such customers with the financial institution’s privacy policy and provide such customers the opportunity to “opt out” of the sharing of certain personal financial information with unaffiliated third parties. |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| ITEM 1A. | Risk Factors |
|----------|--------------|

| ITEM 1B. | Unresolved Staff Comments |
|----------|---------------------------|

| ITEM 2. | Properties |
|---------|------------|

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| ITEM 3. | Legal Proceedings |
|---------|-------------------|

| ITEM4. | Reserved and Removed |
|--------|----------------------|

I

| ITEM 5. | Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities |
|---------|--------------------------------------------------------------------------------------------------------------------|

|               |   | Prices of Common Stock |    |
|--------------------|--------|------------------------|---------|
|               |   | High                   |    |   | Low |   |
| Quarter Ended      |   |                   |    |   |   |   |
| June 30, 2011      |   | $                      | 14.00   |   |   | $ | 13.00 |   |
| March 31, 2011     |   |                   | 18.00   |   |   |   | 12.00 |   |
| December 31, 2010  |   |                   | — |   |   |   | — |   |
| September 30, 2010 |   |                   | — |   |   |   | — |   |

|               |   | Prices of Common Stock |    |
|--------------------|--------|------------------------|---------|
|               |   | High                   |    |   | Low |   |
| Quarter Ended      |   |                   |    |   |   |   |
| June 30, 2010      |   | $                      | — |   |   | $ | — |   |
| March 31, 2010     |   |                   | — |   |   |   | — |   |
| December 31, 2009  |   |                   | n/a     |   |   |   | n/a |   |
| September 30, 2009 |   |                   | n/a     |   |   |   | n/a |   |

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|   | · | regulatory capital requirements; |
|--------|--------|----------------------------------|

|   | · | our financial condition and results of operations; |
|--------|--------|----------------------------------------------------|

|   | · | tax considerations; |
|--------|--------|---------------------|

|   | · | statutory and regulatory limitations; and |
|--------|--------|-------------------------------------------|

|   | · | general economic conditions and forecasts. |
|--------|--------|--------------------------------------------|

| ITEM 6. | Selected Financial Data |
|---------|-------------------------|

| ITEM 7. | Management’s Discussion and Analysis of Financial Condition and Results of Operations |
|---------|---------------------------------------------------------------------------------------------|

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|   | · | Continue to Focus on Residential Lending.  We have been and will continue to be primarily a one- to four-family residential mortgage lender for borrowers in our market area.  As of June 30, 2011, $27.8 million, or 73.9%, of our total loan portfolio consisted of one- to four-family residential mortgage loans.  Although we have historically retained in our portfolio all loans that we originate, we will consider in the future whether to hold our originated mortgage loans for investment or to sell the loans to investors, choosing the strategy that we believe is most advantageous to us from a profitability and risk management standpoint. |
|--------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | Increase Non-residential Real Estate Lending.  While we will continue to emphasize one- to four-family residential mortgage loans, we also intend to continue to increase our originations of non-residential real estate loans in order to increase the yield of, and reduce the term of, our total loan portfolio.  We originated $2.6 million of non-residential real estate during the year ended June 30, 2011.  At June 30, 2011, $7.7 million, or 20.4%, of our total loan portfolio consisted of non-residential real estate loans. |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | Manage Interest Rate Risk While Maintaining or Enhancing to the Extent Practicable our Net Interest Margin.  Subject to market conditions, we have sought to enhance net interest income by emphasizing controls on the cost of funds rather than attempting to maximize asset yields, as loans with high yields often involve greater credit risk or may be repaid during periods of decreasing market interest rates. |
|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|   | · | Build a Larger Home Office Location and Provide Banking Relationships to a Larger Base of Customers. We were established in 1887 and have been operating continuously in Darke County since that time. Our share of FDIC-insured deposits in Darke County as of June 30, 2010 (the latest date for which such information is available) was 2.8%. We will seek to expand our customer base by building a new, larger home office in Versailles to replace our existing location, which will facilitate on-site parking, drive-through windows and ATMs.  In this way, we can offer our products and services to the new base of customers, by using our recognized brand name and the goodwill developed over years of providing timely, efficient banking services. |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | Offer New Deposit Products.  Over the course of the next several years, we anticipate expanding our menu of products to include money market deposit accounts and checking accounts.  These products will provide a lower cost funding source and a new source of non-interest income. |
|--------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | Maintain Strong Asset Quality.  We have emphasized maintaining strong asset quality by following conservative underwriting guidelines, sound loan administration, and focusing on loans secured by real estate located within our market area only. Our non-performing assets totaled $70,000 or 0.16% of total assets at June 30, 2011.  Our total nonperforming loans to total loans ratio was 0.18% at June 30, 2011. |
|--------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|                                                                    |   |                   |   |   | For the year ended June 30, |   |
|-------------------------------------------------------------------------|--------|------------------------|--------|--------|-----------------------------|--------|
|                                                                    |   | At June 30, 2011       |   |   | 2011                        |   |   | 2010 |   |
|                                                                    |   | ActualBalance          |   |   | Yield/Cost                  |   |   | AverageBalance |   |   | InterestandDividends |   |   | Yield/Cost |   |   | AverageBalance |   |   | InterestandDividends |   |   | Yield/Cost |   |
|                                                                    |   | (Dollars in thousands) |   |
| Assets:                                                                 |   |                   |   |   |                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest-earning assets:                                                |   |                   |   |   |                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Loans                                                                   |   | $                      | 37,515 |   |                        |   | 5.24 | % |   | $ | 37,246 |   |   | $ | 1,973 |   |   |   | 5.30 | % |   | $ | 36,107 |   |   | $ | 1,947 |   |   |   | 5.39 | % |
| Investment securities available for sale                                |   |                   | 699    |   |                        |   | 1.88 | % |   |   | 703 |   |   |   | 16 |   |   |   | 2.30 | % |   |   | 776 |   |   |   | 24 |   |   |   | 3.17 | % |
| Investment securities held to maturity                                  |   |                   | 694    |   |                        |   | 3.33 | % |   |   | 770 |   |   |   | 26 |   |   |   | 3.38 | % |   |   | 993 |   |   |   | 37 |   |   |   | 3.69 | % |
| FHLB stock                                                              |   |                   | 397    |   |                        |   | 4.50 | % |   |   | 397 |   |   |   | 17 |   |   |   | 4.37 | % |   |   | 392 |   |   |   | 18 |   |   |   | 4.59 | % |
| Other interest-earning assets                                           |   |                   | 3,722  |   |                        |   | 0.34 | % |   |   | 3,233 |   |   |   | 15 |   |   |   | 0.47 | % |   |   | 3,007 |   |   |   | 27 |   |   |   | 0.90 | % |
| Total interest-earning assets                                           |   |                   | 43,027 |   |                        |   | 4.72 | % |   |   | 42,349 |   |   |   | 2,047 |   |   |   | 4.84 | % |   |   | 41,275 |   |   |   | 2,053 |   |   |   | 4.98 | % |
|                                                                    |   |                   |   |   |                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Noninterest-earning assets                                              |   |                   | 1,479  |   |                        |   |   |   |   |   | 1,851 |   |   |   |   |   |   |   |   |   |   |   | 2,042 |   |   |   |   |   |   |   |   |   |
| Total assets                                                            |   | $                      | 44,506 |   |                        |   |   |   |   | $ | 44,200 |   |   |   |   |   |   |   |   |   |   | $ | 43,317 |   |   |   |   |   |   |   |   |   |
|                                                                    |   |                   |   |   |                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Liabilities and equity:                                                 |   |                   |   |   |                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest-bearing liabilities:                                           |   |                   |   |   |                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Savings deposits                                                        |   | $                      | 8,970  |   |                        |   | 0.15 | % |   | $ | 8,343 |   |   | $ | 11 |   |   |   | 0.14 | % |   | $ | 7,509 |   |   | $ | 10 |   |   |   | 0.13 | % |
| Certificates of deposit                                                 |   |                   | 17,506 |   |                        |   | 1.58 | % |   |   | 17,627 |   |   |   | 296 |   |   |   | 1.68 | % |   |   | 17,081 |   |   |   | 363 |   |   |   | 2.13 | % |
| Total interest-bearing deposits                                         |   |                   | 26,476 |   |                        |   | 1.05 | % |   |   | 25,970 |   |   |   | 307 |   |   |   | 1.19 | % |   |   | 24,590 |   |   |   | 373 |   |   |   | 1.52 | % |
|                                                                    |   |                   |   |   |                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| FHLB advances                                                           |   |                   | 6,000  |   |                        |   | 3.01 | % |   |   | 6,292 |   |   |   | 215 |   |   |   | 3.41 | % |   |   | 8,250 |   |   |   | 384 |   |   |   | 4.66 | % |
| Total interest-bearing liabilities                                      |   |                   | 32,476 |   |                        |   | 1.40 | % |   |   | 32,262 |   |   |   | 522 |   |   |   | 1.62 | % |   |   | 32,840 |   |   |   | 757 |   |   |   | 2.31 | % |
|                                                                    |   |                   |   |   |                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Other noninterest-bearing liabilities                                   |   |                   | 1,040  |   |                        |   |   |   |   |   | 1,223 |   |   |   |   |   |   |   |   |   |   |   | 1,427 |   |   |   |   |   |   |   |   |   |
| ESOP repurchase obligation                                              |   |                   | 22     |   |                        |   |   |   |   |   | 13 |   |   |   |   |   |   |   |   |   |   |   | - |   |   |   |   |   |   |   |   |   |
|                                                                    |   |                   |   |   |                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total shareholders’ equity                                        |   |                   | 10,968 |   |                        |   |   |   |   |   | 10,702 |   |   |   |   |   |   |   |   |   |   |   | 9,050 |   |   |   |   |   |   |   |   |   |
| Total liabilities and equity                                            |   | $                      | 44,506 |   |                        |   |   |   |   | $ | 44,200 |   |   |   |   |   |   |   |   |   |   | $ | 43,317 |   |   |   |   |   |   |   |   |   |
|                                                                    |   |                   |   |   |                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net interest income                                                     |   | $                      | 1,525  |   |                        |   |   |   |   |   |   |   |   | $ | 1,525 |   |   |   |   |   |   |   |   |   |   | $ | 1,296 |   |   |   |   |   |
| Interest rate spread                                                    |   |                   |   |   |                        |   |   |   |   |   |   |   |   |   |   |   |   |   | 3.22 | % |   |   |   |   |   |   |   |   |   |   | 2.67 | % |
| Net interest margin                                                     |   |                   |   |   |                        |   |   |   |   |   |   |   |   |   |   |   |   |   | 3.60 | % |   |   |   |   |   |   |   |   |   |   | 3.14 | % |
| Average interest-earning assets to average interest-bearing liabilities |   |                   |   |   |                        |   |   |   |   |   | 131.24 | % |   |   |   |   |   |   |   |   |   |   | 125.64 | % |   |   |   |   |   |   |   |   |

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| 2011 Compared to 2010                    |   | Volume         |   |   | Rate   |   |   | Net    |   |
|------------------------------------------|--------|----------------|--------|--------|--------|--------|--------|--------|--------|
|                                     |   | (In thousands) |   |
| Interest income:                         |   |           |   |   |   |   |   |   |   |
| Loans receivable                         |   | $              | 61     |   |   | $      | (35    | )      |   | $ | 26 |   |
| Investment securities available for sale |   |           | (2     | )      |   |   | (6     | )      |   |   | (8 | ) |
| Investment securities held to maturity   |   |           | (8     | )      |   |   | (3     | )      |   |   | (11 | ) |
| FHLB stock                               |   |           | 0      |   |   |   | (1     | )      |   |   | (1 | ) |
| Other interest-earning assets            |   |           | 2      |   |   |   | (14    | )      |   |   | (12 | ) |
| Total                                    |   |           | 53     |   |   |   | (59    | )      |   |   | (6 | ) |
|                                     |   |           |   |   |   |   |   |   |   |   |   |   |
| Interest expense:                        |   |           |   |   |   |   |   |   |   |   |   |   |
| Savings deposits                         |   |           | 1      |   |   |   | 0      |   |   |   | 1 |   |
| Certificates of deposit                  |   |           | 11     |   |   |   | (78    | )      |   |   | (67 | ) |
| FHLB advances                            |   |           | (79    | )      |   |   | (90    | )      |   |   | (169 | ) |
| Total                                    |   |           | (67    | )      |   |   | (168   | )      |   |   | (235 | ) |
| Increase in net interest income          |   | $              | 120    |   |   | $      | 109    |   |   | $ | 229 |   |

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|                 |   | Net Portfolio Value (Dollars in thousands) |   | NPV as % of PV of Assets |
|----------------------|--------|--------------------------------------------|--------|--------------------------|
| Change in Rates |   | $ Amount                                   |   |                     | $ Change |   | % Change |   | NPV Ratio |   | Change |
|                 | +300   | bp                                         |   |                     | 8,725 |   |   |   | (2,786 | ) |   |   | (24 | %) |   |   | 19.88 | % |   |   | (438 | ) bp |
|                 | +200   | bp                                         |   |                     | 9,803 |   |   |   | (1,707 | ) |   |   | (15 | %) |   |   | 21.68 | % |   |   | (257 | ) bp |
|                 | +100   | bp                                         |   |                     | 10,782 |   |   |   | (729 | ) |   |   | (6 | %) |   |   | 23.21 | % |   |   | (104 | ) bp |
|                 | +50    | bp                                         |   |                     | 11,188 |   |   |   | (323 | ) |   |   | (3 | %) |   |   | 23.81 | % |   |   | (45 | ) bp |
|                 | 0      | bp                                         |   |                     | 11,511 |   |   |   | — |   |   |   | — |   |   |   | 24.26 | % |   |   | — |   |
|                 | -50    | bp                                         |   |                     | 11,731 |   |   |   | 221 |   |   |   | 2 | % |   |   | 24.54 | % |   |   | 29 | bp |
|                 | -100   | bp                                         |   |                     | 12,003 |   |   |   | 493 |   |   |   | 4 | % |   |   | 24.93 | % |   |   | 67 | bp |

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|                                             |   | Actual                 |   |   | To Be Well CapitalizedUnder Prompt CorrectiveAction Regulations |   |
|--------------------------------------------------|--------|------------------------|--------|--------|-----------------------------------------------------------------|--------|
|                                             |   | Amount                 |   |   | Ratio                                                           |   |   | Amount |   |   | Ratio |   |
|                                             |   | (Dollars in thousands) |   |
| June 30, 2011:                                   |   |                   |   |   |                                                            |   |   |   |   |   |   |   |
| Total capital (to risk-weighted assets)          |   | $                      | 9,905  |   |                                                            |   | 38.1 | % |   | $ | 2,602 |   |   |   | 10.0 | % |
| Tier I (core) capital (to risk-weighted assets)  |   |                   | 9,685  |   |                                                            |   | 37.2 |   |   |   | 1,561 |   |   |   | 6.0 |   |
| Tier I (core) capital (to adjusted total assets) |   |                   | 9,685  |   |                                                            |   | 21.8 |   |   |   | 2,225 |   |   |   | 5.0 |   |
| Tangible capital (to adjusted total assets)      |   |                   | 9,685  |   |                                                            |   | 21.8 |   |   |   |   |   |   |   | N/A |   |
|                                             |   |                   |   |   |                                                            |   |   |   |   |   |   |   |   |   |   |   |
| June 30, 2010:                                   |   |                   |   |   |                                                            |   |   |   |   |   |   |   |   |   |   |   |
| Total capital (to risk-weighted assets)          |   |                   | 9,570  |   |                                                            |   | 35.5 | % |   | $ | 2,694 |   |   |   | 10.0 | % |
| Tier I (core) capital (to risk-weighted assets)  |   |                   | 9,380  |   |                                                            |   | 34.8 |   |   |   | 1,616 |   |   |   | 6.0 |   |
| Tier I (core) capital (to adjusted total assets) |   |                   | 9,380  |   |                                                            |   | 20.6 |   |   |   | 2,280 |   |   |   | 5.0 |   |
| Tangible capital (to adjusted total assets)      |   |                   | 9,380  |   |                                                            |   | 20.6 |   |   |   |   |   |   |   | N/A |   |
|                                             |   |                   |   |   |                                                            |   |   |   |   |   |   |   |   |   |   |   |

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| ITEM7A. | Quantitative and Qualitative Disclosures About Market Risk |
|---------|------------------------------------------------------------|

|   |   |
|--------|--------|

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| Report of Independent Registered Public Accounting Firm                                                     |  54 |
|-------------------------------------------------------------------------------------------------------------|----------|
|                                                                                                        |     |
| Consolidated Balance Sheets at June 30, 2011 and 2010                                                       |  55 |
|                                                                                                        |     |
| Consolidated Statements of Income for the years ended June 30, 2011 and 2010                                |  56 |
|                                                                                                        |     |
| Consolidated Statements of Comprehensive Income for the years ended June 30, 2011 and 2010                  |  57 |
|                                                                                                        |     |
| Consolidated Statements of Changes in Shareholders’ Equity for the years ended June 30, 2011 and 2010 |  58 |
|                                                                                                        |     |
| Consolidated Statements of Cash Flows for the years ended June 30, 2011 and 2010                            |  60 |
|                                                                                                        |     |
| Notes to Consolidated Financial Statements                                                                  |  62 |

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|   | /s/ Crowe Horwath LLP |
|--------|-----------------------|
|   | Crowe Horwath LLP     |

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| ITEM 8. | Financial Statements and Supplementary Data |
|---------|---------------------------------------------|

|                                                                                                                                       |   | 2011   |       |   | 2010   |   |
|--------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|------------|--------|--------|--------|
| ASSETS                                                                                                                                     |   |   |       |   |   |   |
|      Cash and cash equivalents due from financial                                                                 |   |   |       |   |   |   |
|        institutions                                                                                     |   | $      | 2,371,401  |   |   | $      | 1,672,815 |   |
|      Overnight deposits                                                                                           |   |   | 1,700,000  |   |   |   | 3,200,000 |   |
|           Total cash and cash equivalents                                                |   |   | 4,071,401  |   |   |   | 4,872,815 |   |
| Interest-bearing time deposits in other financial                                                                                          |   |   |       |   |   |   |   |   |
|   institutions                                                                                                                   |   |   | 292,000    |   |   |   | 486,000 |   |
|      Securities, available-for-sale                                                                               |   |   | 699,297    |   |   |   | 707,569 |   |
|      Securities held to maturity (fair value of $729,604 at                                                       |   |   |       |   |   |   |   |   |
|        June 30, 2011 and $946,110 at June 30, 2010)                                                     |   |   | 693,918    |   |   |   | 903,485 |   |
|      Federal Home Loan Bank stock                                                                                 |   |   | 397,500    |   |   |   | 397,500 |   |
|      Loans, net of allowance of $220,817 and $190,817                                                             |   |   | 37,514,804 |   |   |   | 36,722,899 |   |
|      Other real estate owned                                                                                      |   |   | -          |   |   |   | 160,000 |   |
|      Premises and equipment, net                                                                                  |   |   | 259,116    |   |   |   | 174,645 |   |
|      Accrued interest receivable                                                                                  |   |   | 122,997    |   |   |   | 134,889 |   |
|      Other assets                                                                                                 |   |   | 454,526    |   |   |   | 655,513 |   |
|           Total assets                                                                   |   | $      | 44,505,559 |   |   | $      | 45,215,315 |   |
|                                                                                                                                       |   |   |       |   |   |   |   |   |
| LIABILITIES                                                                                                                                |   |   |       |   |   |   |   |   |
|      Savings accounts                                                                                             |   | $      | 8,970,233  |   |   | $      | 8,144,648 |   |
|      Certificates of deposit                                                                                      |   |   | 17,505,499 |   |   |   | 17,792,043 |   |
|           Total deposits                                                                 |   |   | 26,475,732 |   |   |   | 25,936,691 |   |
|      Federal Home Loan Bank advances                                                                              |   |   | 6,000,000  |   |   |   | 7,500,000 |   |
|      Other liabilities                                                                                            |   |   | 1,039,362  |   |   |   | 1,194,307 |   |
|                                                                                                                                       |   |   |       |   |   |   |   |   |
| Common stock in ESOP subject to repurchase                                                                                                 |   |   |       |   |   |   |   |   |
|      obligation                                                                                              |   |   | 22,230     |   |   |   | - |   |
|                                                                                                                                       |   |   |       |   |   |   |   |   |
| SHAREHOLDERS’ EQUITY                                                                                                                 |   |   |       |   |   |   |   |   |
|      Preferred stock, $.01 par value, 1,000,000 shares                                                            |   |   |       |   |   |   |   |   |
|           authorized, none issued and outstanding                                        |   |   | -          |   |   |   | - |   |
|      Common stock, $.01 par value, 10,000,000 shares                                                              |   |   |       |   |   |   |   |   |
|           authorized, 427,504 shares issued                                              |   |   | 4,275      |   |   |   | 4,275 |   |
|      Additional paid-in capital                                                                                   |   |   | 3,794,894  |   |   |   | 3,813,656 |   |
|      Retained earnings                                                                                            |   |   | 8,165,438  |   |   |   | 7,954,578 |   |
|      Treasury stock, 35,460 shares, at cost                                                                       |   |   | (354,600   | )      |   |   | (354,600 | ) |
|      Unearned employee stock ownership plan shares                                                                |   |   | (316,350   | )      |   |   | (333,450 | ) |
|      Accumulated other comprehensive loss                                                                         |   |   | (325,422   | )      |   |   | (500,142 | ) |
|           Total shareholders’ equity                                               |   |   | 10,968,235 |   |   |   | 10,584,317 |   |
|                                                                                                                                       |   |   |       |   |   |   |   |   |
|                Total liabilities and shareholders’ equity |   | $      | 44,505,559 |   |   | $      | 45,215,315 |   |

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|                                                                                           |   | 2011   |      |   | 2010   |   |
|------------------------------------------------------------------------------------------------|--------|--------|-----------|--------|--------|--------|
| Interest and dividend income                                                                   |   |   |      |   |   |   |
|      Loans, including fees                                            |   | $      | 1,972,913 |   |   | $      | 1,947,002 |   |
|      Securities available for sale                                    |   |   | 15,975    |   |   |   | 24,116 |   |
|      Securities held to maturity                                      |   |   | 25,992    |   |   |   | 36,614 |   |
|      FHLB dividends                                                   |   |   | 17,387    |   |   |   | 18,004 |   |
|      Deposits with banks                                              |   |   | 15,111    |   |   |   | 27,153 |   |
|           Total interest and dividend income |   |   | 2,047,378 |   |   |   | 2,052,889 |   |
|                                                                                           |   |   |      |   |   |   |   |   |
| Interest expense                                                                               |   |   |      |   |   |   |   |   |
|      Deposits                                                         |   |   | 307,789   |   |   |   | 372,990 |   |
|      Federal Home Loan Bank advances                                  |   |   | 214,681   |   |   |   | 384,410 |   |
|           Total interest expense             |   |   | 522,470   |   |   |   | 757,400 |   |
|                                                                                           |   |   |      |   |   |   |   |   |
| Net interest income                                                                            |   |   | 1,524,908 |   |   |   | 1,295,489 |   |
|                                                                                           |   |   |      |   |   |   |   |   |
| Provision for loan losses                                                                      |   |   | 30,000    |   |   |   | 20,000 |   |
|                                                                                           |   |   |      |   |   |   |   |   |
| Net interest income after provision for loan losses                                            |   |   | 1,494,908 |   |   |   | 1,275,489 |   |
|                                                                                           |   |   |      |   |   |   |   |   |
| Noninterest income                                                                             |   |   |      |   |   |   |   |   |
|      Other income                                                     |   |   | 6,897     |   |   |   | 12,963 |   |
|      Gain (loss) on sale of other real estate owned                   |   |   | (764      | )      |   |   | - |   |
|      Gain (loss) on sale/disposal premises and equipment              |   |   | (1,687    | )      |   |   | - |   |
|           Total noninterest income           |   |   | 4,446     |   |   |   | 12,963 |   |
|                                                                                           |   |   |      |   |   |   |   |   |
| Noninterest expense                                                                            |   |   |      |   |   |   |   |   |
|      Salaries and employee benefits                                   |   |   | 591,328   |   |   |   | 514,537 |   |
|      Occupancy and equipment                                          |   |   | 34,756    |   |   |   | 37,551 |   |
|      Directors’ fees                                            |   |   | 60,000    |   |   |   | 62,900 |   |
|      Data processing                                                  |   |   | 73,659    |   |   |   | 64,632 |   |
|      Franchise taxes                                                  |   |   | 91,508    |   |   |   | 84,584 |   |
|      Legal, accounting and exam fees                                  |   |   | 229,458   |   |   |   | 155,308 |   |
|      Federal deposit insurance                                        |   |   | 21,600    |   |   |   | 24,732 |   |
|      Other                                                            |   |   | 79,885    |   |   |   | 95,870 |   |
|           Total noninterest expense          |   |   | 1,182,194 |   |   |   | 1,040,114 |   |
|                                                                                           |   |   |      |   |   |   |   |   |
| Income before income taxes                                                                     |   |   | 317,160   |   |   |   | 248,338 |   |
| Income tax expense                                                                             |   |   | 106,300   |   |   |   | 82,791 |   |
|                                                                                           |   |   |      |   |   |   |   |   |
| Net income                                                                                     |   | $      | 210,860   |   |   | $      | 165,547 |   |
|                                                                                           |   |   |      |   |   |   |   |   |
| Earnings per common share                                                                      |   | $      | 0.53      |   |   | $      | 0.18 |   |

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|                                                                                                         |   | 2011   |    |   | 2010   |   |
|--------------------------------------------------------------------------------------------------------------|--------|--------|---------|--------|--------|--------|
|                                                                                                         |   |   |    |   |   |   |
| Net income                                                                                                   |   | $      | 210,860 |   |   | $      | 165,547 |   |
|                                                                                                         |   |   |    |   |   |   |   |   |
| Other comprehensive income (loss):                                                                           |   |   |    |   |   |   |   |   |
|      Unrealized holding gains (losses) on                                           |   |   |    |   |   |   |   |   |
|        available for sale securities                                      |   |   | (8,272  | )      |   |   | 10,255 |   |
|      Reclassification adjustments for gains (losses)                                |   |   |    |   |   |   |   |   |
|        later recognized in income                                         |   |   | -       |   |   |   | - |   |
|           Net unrealized gains (losses) on                 |   |   |    |   |   |   |   |   |
|           available for sale securities                    |   |   | (8,272  | )      |   |   | 10,255 |   |
|           Tax effect                                       |   |   | 2,812   |   |   |   | (3,487 | ) |
|           Net of tax amount                                |   |   | (5,460  | )      |   |   | 6,768 |   |
|                                                                                                         |   |   |    |   |   |   |   |   |
|      Unrealized gains (losses) on defined benefit pension plan                      |   |   | 228,215 |   |   |   | (184,403 | ) |
|      Amortization of unrecognized net loss for defined                              |   |   |    |   |   |   |   |   |
|        benefit pension plan                                               |   |   | 30,845  |   |   |   | 24,220 |   |
|      Amortization of prior service cost for defined                                 |   |   |    |   |   |   |   |   |
|        benefit pension plan                                               |   |   | 2,898   |   |   |   | 2,898 |   |
|      Amortization of prior service cost for supplemental                            |   |   |    |   |   |   |   |   |
|        retirement plan                                                    |   |   | 11,042  |   |   |   | 11,042 |   |
|           Net unrealized gains (losses) on defined benefit |   |   |    |   |   |   |   |   |
|           pension and supplemental retirement plans        |   |   | 273,000 |   |   |   | (146,243 | ) |
|           Tax effect                                       |   |   | (92,820 | )      |   |   | 49,723 |   |
|           Net of tax amount                                |   |   | 180,180 |   |   |   | (96,520 | ) |
|                                                                                                         |   |   |    |   |   |   |   |   |
| Other comprehensive income (loss)                                                                            |   |   | 174,720 |   |   |   | (89,752 | ) |
|                                                                                                         |   |   |    |   |   |   |   |   |
| Comprehensive income                                                                                         |   | $      | 385,580 |   |   | $      | 75,795 |   |

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|                                                                                               |   |   |   |   |       |   |      |     |   |   |      |   |   |     |     |   | Accumulated   |   |     |   |   |
|----------------------------------------------------------------------------------------------------|--------|--------|--------|--------|------------|--------|-----------|----------|--------|--------|-----------|--------|--------|----------|----------|--------|---------------|--------|----------|--------|--------|
|                                                                                               |   |   |   |   | Additional |   |      |     |   |   |      |   |   | Unearned |     |   | Other         |   |     |   |   |
|                                                                                               |   | Common |   |   | Paid-In    |   |      | Retained |   |   | Treasury  |   |   | ESOP     |     |   | Comprehensive |   |     |   |   |
|                                                                                               |   | Stock  |   |   | Capital    |   |      | Earnings |   |   | Stock     |   |   | Shares   |     |   | Income (Loss) |   |     | Total  |   |
|                                                                                               |   |   |   |   |       |   |      |     |   |   |      |   |   |     |     |   |          |   |     |   |   |
| Balance at July 1, 2009                                                                            |   | $      | -      |   |       | $      | -         |     |   | $      | 7,789,031 |   |   | $        | -        |   |          | $      | -        |   |   | $ | (410,390 | ) |   | $ | 7,378,641 |   |
|                                                                                               |   |   |   |   |       |   |      |     |   |   |      |   |   |     |     |   |          |   |     |   |   |   |   |   |   |   |   |   |
| Comprehensive income:                                                                              |   |   |   |   |       |   |      |     |   |   |      |   |   |     |     |   |          |   |     |   |   |   |   |   |   |   |   |   |
|      Net income for the year ended June 30, 2010                          |   |   | -      |   |       |   | -         |     |   |   | 165,547   |   |   |     | -        |   |          |   | -        |   |   |   | - |   |   |   | 165,547 |   |
|                                                                                               |   |   |   |   |       |   |      |     |   |   |      |   |   |     |     |   |          |   |     |   |   |   |   |   |   |   |   |   |
|      Change in net unrealized gain (loss)                                 |   |   |   |   |       |   |      |     |   |   |      |   |   |     |     |   |          |   |     |   |   |   |   |   |   |   |   |   |
|        on securities available for sale,                        |   |   |   |   |       |   |      |     |   |   |      |   |   |     |     |   |          |   |     |   |   |   |   |   |   |   |   |   |
|        net of tax effects of $3,487                             |   |   | -      |   |       |   | -         |     |   |   | -         |   |   |     | -        |   |          |   | -        |   |   |   | 6,768 |   |   |   | 6,768 |   |
|                                                                                               |   |   |   |   |       |   |      |     |   |   |      |   |   |     |     |   |          |   |     |   |   |   |   |   |   |   |   |   |
|      Change in net unrealized loss of defined                             |   |   |   |   |       |   |      |     |   |   |      |   |   |     |     |   |          |   |     |   |   |   |   |   |   |   |   |   |
|        benefit pension plan, net of amortization                |   |   |   |   |       |   |      |     |   |   |      |   |   |     |     |   |          |   |     |   |   |   |   |   |   |   |   |   |
|          for unrealized losses and prior service cost |   |   |   |   |       |   |      |     |   |   |      |   |   |     |     |   |          |   |     |   |   |   |   |   |   |   |   |   |
|          of $27,118 and tax effects of $53,477        |   |   | -      |   |       |   | -         |     |   |   | -         |   |   |     | -        |   |          |   | -        |   |   |   | (103,808 | ) |   |   | (103,808 | ) |
|                                                                                               |   |   |   |   |       |   |      |     |   |   |      |   |   |     |     |   |          |   |     |   |   |   |   |   |   |   |   |   |
|      Amortization of prior service cost for                               |   |   |   |   |       |   |      |     |   |   |      |   |   |     |     |   |          |   |     |   |   |   |   |   |   |   |   |   |
|        supplemental retirement plan, net of                     |   |   |   |   |       |   |      |     |   |   |      |   |   |     |     |   |          |   |     |   |   |   |   |   |   |   |   |   |
|        tax effects of $(3,754)                                  |   |   | -      |   |       |   | -         |     |   |   | -         |   |   |     | -        |   |          |   | -        |   |   |   | 7,288 |   |   |   | 7,288 |   |
|           Total comprehensive income             |   |   |   |   |       |   |      |     |   |   |      |   |   |     |     |   |          |   |     |   |   |   |   |   |   |   |  75,795 |   |
|                                                                                               |   |   |   |   |       |   |      |     |   |   |      |   |   |     |     |   |          |   |     |   |   |   |   |   |   |   |   |   |
| Sale of 427,504 shares of $.01 par common                                                          |   |   |   |   |       |   |      |     |   |   |      |   |   |     |     |   |          |   |     |   |   |   |   |   |   |   |   |   |
|   stock, net of conversion costs of $811,709                                             |   |   |   |   |       |   |      |     |   |   |      |   |   |     |     |   |          |   |     |   |   |   |   |   |   |   |   |   |
|   including 35,460 shares purchased for the                                              |   |   |   |   |       |   |      |     |   |   |      |   |   |     |     |   |          |   |     |   |   |   |   |   |   |   |   |   |
|   supplemental retirement and deferred                                                   |   |   |   |   |       |   |      |     |   |   |      |   |   |     |     |   |          |   |     |   |   |   |   |   |   |   |   |   |
|   compensation plans and held in a rabbi trust                                           |   |   | 4,275  |   |       |   | 3,813,656 |     |   |   | -         |   |   |     | (354,600 | )      |          |   | -        |   |   |   | - |   |   |   | 3,463,331 |   |
|                                                                                               |   |   |   |   |       |   |      |     |   |   |      |   |   |     |     |   |          |   |     |   |   |   |   |   |   |   |   |   |
| 34,200 shares purchased under employee                                                             |   |   |   |   |       |   |      |     |   |   |      |   |   |     |     |   |          |   |     |   |   |   |   |   |   |   |   |   |
|   stock ownership plan                                                                   |   |   | -      |   |       |   | -         |     |   |   | -         |   |   |     | -        |   |          |   | (342,000 | )      |   |   | - |   |   |   | (342,000 | ) |
|                                                                                               |   |   |   |   |       |   |      |     |   |   |      |   |   |     |     |   |          |   |     |   |   |   |   |   |   |   |   |   |
| Commitment to release 855 employee                                                                 |   |   |   |   |       |   |      |     |   |   |      |   |   |     |     |   |          |   |     |   |   |   |   |   |   |   |   |   |
|   stock ownership plan shares                                                            |   |   | -      |   |       |   | -         |     |   |   | -         |   |   |     | -        |   |          |   | 8,550    |   |   |   | - |   |   |   | 8,550 |   |
|                                                                                               |   |   |   |   |       |   |      |     |   |   |      |   |   |     |     |   |          |   |     |   |   |   |   |   |   |   |   |   |
| Balance at June 30, 2010                                                                           |   | $      | 4,275  |   |       | $      | 3,813,656 |     |   | $      | 7,954,578 |   |   | $        | (354,600 | )      |          | $      | (333,450 | )      |   | $ | (500,142 | ) |   | $ | 10,584,317 |   |

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Table of Contents

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|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |   |   |   |       |   |      |     |   |   |      |   |   |     |     |   | Accumulated   |   |     |   |   |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|--------|--------|------------|--------|-----------|----------|--------|--------|-----------|--------|--------|----------|----------|--------|---------------|--------|----------|--------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |   |   |   | Additional |   |      |     |   |   |      |   |   | Unearned |     |   | Other         |   |     |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   | Common |   |   | Paid-In    |   |      | Retained |   |   | Treasury  |   |   | ESOP     |     |   | Comprehensive |   |     |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   | Stock  |   |   | Capital    |   |      | Earnings |   |   | Stock     |   |   | Shares   |     |   | Income (Loss) |   |     | Total  |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |   |   |   |       |   |      |     |   |   |      |   |   |     |     |   |          |   |     |   |   |
| Balance, July 1, 2010                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   | $      | 4,275  |   |       | $      | 3,813,656 |     |   | $      | 7,954,578 |   |   | $        | (354,600 | )      |          | $      | (333,450 | )      |   | $ | (500,142 | ) |   | $ | 10,584,317 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |   |   |   |       |   |      |     |   |   |      |   |   |     |     |   |          |   |     |   |   |   |   |   |   |   |   |   |
| Comprehensive income                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |   |   |   |       |   |      |     |   |   |      |   |   |     |     |   |          |   |     |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |   |   |   |       |   |      |     |   |   |      |   |   |     |     |   |          |   |     |   |   |   |   |   |   |   |   |   |
|      Net income for the period ended June 30, 2011                                                                                                                                                                                                                                                                                                                                                                                                                                                |   |   | -      |   |       |   | -         |     |   |   | 210,860   |   |   |     | -        |   |          |   | -        |   |   |   | - |   |   |   | 210,860 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |   |   |   |       |   |      |     |   |   |      |   |   |     |     |   |          |   |     |   |   |   |   |   |   |   |   |   |
|      Change in net unrealized gain (loss)                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   |   |   |   |       |   |      |     |   |   |      |   |   |     |     |   |          |   |     |   |   |   |   |   |   |   |   |   |
|        on securities available for sale,                                                                                                                                                                                                                                                                                                                                                                                                                                                |   |   |   |   |       |   |      |     |   |   |      |   |   |     |     |   |          |   |     |   |   |   |   |   |   |   |   |   |
|        net of tax effects of $2,812                                                                                                                                                                                                                                                                                                                                                                                                                                                |   |   | -      |   |       |   | -         |     |   |   | -         |   |   |     | -        |   |          |   | -        |   |   |   | (5,460 | ) |   |   | (5,460 | ) |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |   |   |   |       |   |      |     |   |   |      |   |   |     |     |   |          |   |     |   |   |   |   |   |   |   |   |   |
|      Change in net unrealized loss of defined                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |   |   |   |       |   |      |     |   |   |      |   |   |     |     |   |          |   |     |   |   |   |   |   |   |   |   |   |
|        benefit pension plan, plus amortization                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |   |   |   |       |   |      |     |   |   |      |   |   |     |     |   |          |   |     |   |   |   |   |   |   |   |   |   |
|        for unrealized losses and prior service cost                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |   |   |   |       |   |      |     |   |   |      |   |   |     |     |   |          |   |     |   |   |   |   |   |   |   |   |   |
|        of $33,743 and tax effects of $(89,066)                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |   | -      |   |       |   | -         |     |   |   | -         |   |   |     | -        |   |          |   | -        |   |   |   | 172,892 |   |   |   | 172,892 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |   |   |   |       |   |      |     |   |   |      |   |   |     |     |   |          |   |     |   |   |   |   |   |   |   |   |   |
|      Amortization of prior service cost for                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |   |   |   |       |   |      |     |   |   |      |   |   |     |     |   |          |   |     |   |   |   |   |   |   |   |   |   |
|        supplemental retirement plan, net of                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |   |   |   |       |   |      |     |   |   |      |   |   |     |     |   |          |   |     |   |   |   |   |   |   |   |   |   |
|        tax effects of $(3,754)                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |   | -      |   |       |   | -         |     |   |   | -         |   |   |     | -        |   |          |   | -        |   |   |   | 7,288 |   |   |   | 7,288 |   |
|           Total comprehensive income                                                                       |   |   |   |   |       |   |      |     |   |   |      |   |   |     |     |   |          |   |     |   |   |   |   |   |   |   | 385,580 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |   |   |   |       |   |      |     |   |   |      |   |   |     |     |   |          |   |     |   |   |   |   |   |   |   |   |   |
| Commitment to release 1,710 employee stock                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |   |   |   |       |   |      |     |   |   |      |   |   |     |     |   |          |   |     |   |   |   |   |   |   |   |   |   |
|   ownership plan shares at fair value                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |   | -      |   |       |   | 3,468     |     |   |   | -         |   |   |     | -        |   |          |   | 17,100   |   |   |   | - |   |   |   | 20,568 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |   |   |   |       |   |      |     |   |   |      |   |   |     |     |   |          |   |     |   |   |   |   |   |   |   |   |   |
| Transfer of 1,710 allocated ESOP common shares                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |   |   |   |       |   |      |     |   |   |      |   |   |     |     |   |          |   |     |   |   |   |   |   |   |   |   |   |
|   subject to repurchase  obligation at fair value                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   |   | -      |   |       |   | (17,100   | )        |   |   | -         |   |   |     | -        |   |          |   | -        |   |   |   | - |   |   |   | (17,100 | ) |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |   |   |   |       |   |      |     |   |   |      |   |   |     |     |   |          |   |     |   |   |   |   |   |   |   |   |   |
| Change in fair value of 1,710 allocated ESOP                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |   |   |   |       |   |      |     |   |   |      |   |   |     |     |   |          |   |     |   |   |   |   |   |   |   |   |   |
|   common shares subject to repurchase obligation                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |   | -      |   |       |   | (5,130    | )        |   |   | -         |   |   |     | -        |   |          |   | -        |   |   |   | - |   |   |   | (5,130 | ) |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |   |   |   |       |   |      |     |   |   |      |   |   |     |     |   |          |   |     |   |   |   |   |   |   |   |   |   |
| Balance, June 30, 2011                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   | $      | 4,275  |   |       | $      | 3,794,894 |     |   | $      | 8,165,438 |   |   | $        | (354,600 | )      |          | $      | (316,350 | )      |   | $ | (325,422 | ) |   | $ | 10,968,235 |   |

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|                                                                                                                                                          |   | 2011   |       |   | 2010   |   |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|------------|--------|--------|--------|
| Cash flows from operating activities                                                                                                                          |   |   |       |   |   |   |
|      Net income                                                                                                                      |   | $      | 210,860    |   |   | $      | 165,547 |   |
|      Adjustments to reconcile net income to                                                                                          |   |   |       |   |   |   |   |   |
|        net cash provided from operating activities                                                                         |   |   |       |   |   |   |   |   |
|           Provision for loan losses                                                                         |   |   | 30,000     |   |   |   | 20,000 |   |
|           Depreciation on premises and equipment                                                            |   |   | 9,103      |   |   |   | 7,640 |   |
|           Net premium accretion on                                                                          |   |   |       |   |   |   |   |   |
|             securities and interest bearing time deposits                                         |   |   | 261        |   |   |   | 231 |   |
|           Loss on sale or disposal of premises and equipment                                                |   |   | 1,687      |   |   |   | 208 |   |
|           Loss on sale of other real estate owned                                                           |   |   | 764        |   |   |   | - |   |
|           Compensation expense related to ESOP shares                                                       |   |   | 20,568     |   |   |   | 8,550 |   |
|           Deferred taxes                                                                                    |   |   | (56,916    | )      |   |   | (6,997 | ) |
|           Change in:                                                                                        |   |   |       |   |   |   |   |   |
|                Deferred loan costs                                                 |   |   | 11,029     |   |   |   | 7,120 |   |
|                Accrued interest receivable                                         |   |   | 11,892     |   |   |   | (4,039 | ) |
|                Other assets                                                        |   |   | 167,896    |   |   |   | (142,685 | ) |
|                Other liabilities                                                   |   |   | 118,055    |   |   |   | 78,301 |   |
|                     Net cash from operating activities    |   |   | 525,199    |   |   |   | 133,876 |   |
|                                                                                                                                                          |   |   |       |   |   |   |   |   |
| Cash flow from investing activities                                                                                                                           |   |   |       |   |   |   |   |   |
|      Maturities of interest bearing time deposits                                                                                    |   |   | 194,000    |   |   |   | 338,000 |   |
|      Maturities, repayments and calls of securities available for sale                                                               |   |   | -          |   |   |   | 200,000 |   |
|      Maturities, repayments and calls of securities held to maturity                                                                 |   |   | 209,307    |   |   |   | 220,584 |   |
|      Loan originations and payments, net                                                                                             |   |   | (832,934   | )      |   |   | (2,481,653 | ) |
|      Proceeds from sale of other real estate owned                                                                                   |   |   | 159,236    |   |   |   | - |   |
|      Purchase of FHLB stock                                                                                                          |   |   | -          |   |   |   | (8,300 | ) |
|      Proceeds from disposal of premises and equipment                                                                                |   |   | 365        |   |   |   | - |   |
|      Property and equipment purchases                                                                                                |   |   | (95,628    | )      |   |   | (156,698 | ) |
|                     Net cash used in investing activities |   |   | (365,654   | )      |   |   | (1,888,067 | ) |
|                                                                                                                                                          |   |   |       |   |   |   |   |   |
| Cash flow from financing activities                                                                                                                           |   |   |       |   |   |   |   |   |
|      Net change in deposits                                                                                                          |   |   | 539,041    |   |   |   | 1,351,548 |   |
|      Proceeds from issuance of common stock,                                                                                         |   |   |       |   |   |   |   |   |
|           net of conversion costs                                                                           |   |   | -          |   |   |   | 3,108,731 |   |
|      Cash provided to ESOP                                                                                                           |   |   | -          |   |   |   | (342,000 | ) |
|      Proceeds from FHLB advances                                                                                                     |   |   | 1,000,000  |   |   |   | 2,000,000 |   |
|      Repayments of FHLB advances                                                                                                     |   |   | (2,500,000 | )      |   |   | (2,000,000 | ) |
|                     Net cash used in financing activities |   |   | (960,959   | )      |   |   | 4,118,279 |   |
|                                                                                                                                                          |   |   |       |   |   |   |   |   |
| Net change in cash and cash equivalents                                                                                                                       |   |   | (801,414   | )      |   |   | 2,364,088 |   |
| Cash and cash equivalents, beginning of period                                                                                                                |   |   | 4,872,815  |   |   |   | 2,508,727 |   |
|                                                                                                                                                          |   |   |       |   |   |   |   |   |
| Cash and cash equivalents at end of period                                                                                                                    |   | $      | 4,071,401  |   |   | $      | 4,872,815 |   |

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|                                                                                               |   | 2011   |    |   | 2010   |   |
|----------------------------------------------------------------------------------------------------|--------|--------|---------|--------|--------|--------|
| Cash paid during the year for                                                                      |   |   |    |   |   |   |
|      Interest                                                             |   | $      | 541,689 |   |   | $      | 771,046 |   |
|      Income taxes                                                         |   |   | 8,850   |   |   |   | 171,655 |   |
|                                                                                               |   |   |    |   |   |   |   |   |
| Supplemental noncash disclosures:                                                                  |   |   |    |   |   |   |   |   |
|      Transfer from loans to real estate owned                             |   | $      | -       |   |   | $      | 160,000 |   |
|      Issuance of shares to Rabbi Trust to settle                          |   |   |    |   |   |   |   |   |
|           Obligation under deferred compensation |   |   |    |   |   |   |   |   |
|           and supplemental retirement plans      |   |   | -       |   |   |   | 354,600 |   |

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| Year ended June 30, | 2012   |   | $      | 194,000 |   |
|---------------------|--------|--------|--------|---------|--------|
|                | 2013   |   |   | -       |   |
|                | 2014   |   |   | 98,000  |   |
|                |   |   |   |    |   |
|                |   |   | $      | 292,000 |   |

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|                         |   |  2011 |    |
|------------------------------|--------|------------|---------|
|                         |   |       |    |   | Gross |   |   | Gross |   |   |   |   |
|                         |   | Amortized  |    |   | Unrealized |   |   | Unrealized |   |   | Fair |   |
|                         |   | Cost       |    |   | Gains |   |   | Losses |   |   | Value |   |
|                         |   |       |    |   |   |   |   |   |   |   |   |   |
| AMF Short US Government Fund |   | $          | 694,034 |   |   | $ | 5,263 |   |   | $ | - |   |   | $ | 699,297 |   |
|                         |   |       |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                         |   |  2010 |    |
|                         |   |       |    |   |   | Gross |   |   | Gross |   |   |   |   |   |
|                         |   | Amortized  |    |   | Unrealized |   |   | Unrealized |   |   | Fair |   |
|                         |   | Cost       |    |   | Gains |   |   | Losses |   |   | Value |   |
|                         |   |       |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| AMF Short US Government Fund |   | $          | 694,034 |   |   | $ | 13,535 |   |   | $ | - |   |   | $ | 707,569 |   |

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|                                     |   | 2011     |    |
|------------------------------------------|--------|----------|---------|
|                                     |   |     |    |   | Gross |   |   | Gross |   |   |   |   |
|                                     |   | Carrying |    |   | Unrecognized |   |   | Unrecognized |   |   | Fair |   |
|                                     |   | Amount   |    |   | Gains |   |   | Losses |   |   | Value |   |
| Government sponsored entities            |   |     |    |   |   |   |   |   |   |   |   |   |
|   residential mortgage-backed: |   |     |    |   |   |   |   |   |   |   |   |   |
|      FHLMC      |   | $        | 333,111 |   |   | $ | 13,779 |   |   | $ | - |   |   | $ | 346,890 |   |
|      GNMA       |   |     | 91,135  |   |   |   | 3,162 |   |   |   | - |   |   |   | 94,297 |   |
|      FNMA       |   |     | 269,672 |   |   |   | 18,745 |   |   |   | - |   |   |   | 288,417 |   |
|                                     |   |     |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                     |   | $        | 693,918 |   |   | $ | 35,686 |   |   | $ | - |   |   | $ | 729,604 |   |
|                                     |   |     |    |   |   |   |   |   |   |   |   |   |   |   |   |   |

|                                     |   | 2010     |    |
|------------------------------------------|--------|----------|---------|
|                                     |   |     |    |   | Gross |   |   | Gross |   |   |   |   |
|                                     |   | Carrying |    |   | Unrecognized |   |   | Unrecognized |   |   | Fair |   |
|                                     |   | Amount   |    |   | Gains |   |   | Losses |   |   | Value |   |
| Government sponsored entities            |   |     |    |   |   |   |   |   |   |   |   |   |
|   residential mortgage-backed: |   |     |    |   |   |   |   |   |   |   |   |   |
|      FHLMC      |   | $        | 405,452 |   |   | $ | 13,894 |   |   | $ | - |   |   | $ | 419,346 |   |
|      GNMA       |   |     | 100,754 |   |   |   | 2,758 |   |   |   | - |   |   |   | 103,512 |   |
|      FNMA       |   |     | 397,279 |   |   |   | 25,973 |   |   |   | - |   |   |   | 423,252 |   |
|                                     |   |     |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                     |   | $        | 903,485 |   |   | $ | 42,625 |   |   | $ | - |   |   | $ | 946,110 |   |

|                          |   | Available for sale |    |   | Held to maturity |   |
|-------------------------------|--------|--------------------|---------|--------|------------------|--------|
|                          |   | Amortized          |    |   | Fair             |   |   | Amortized |   |   | Fair |   |
|                          |   | Cost               |    |   | Value            |   |   | Cost |   |   | Value |   |
|                          |   |               |    |   |             |   |   |   |   |   |   |   |
| Government sponsored entities |   |               |    |   |             |   |   |   |   |   |   |   |
|   mortgage-backed   |   | $                  | -       |   |             | $      | - |   |   | $ | 693,918 |   |   | $ | 729,604 |   |
| AMF Short US Government Fund  |   |               | 694,034 |   |             |   | 699,297 |   |   |   | - |   |   |   | - |   |
|                          |   |               |    |   |             |   |   |   |   |   |   |   |   |   |   |   |
|                          |   | $                  | 694,034 |   |             | $      | 699,297 |   |   | $ | 693,918 |   |   | $ | 729,604 |   |

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|                                                                                             |   | 2011   |       |   | 2010   |       |
|--------------------------------------------------------------------------------------------------|--------|--------|------------|--------|--------|------------|
|                                                                                             |   |   |       |   |   |       |
| 1-4 family real estate                                                                           |   | $      | 27,844,602 |   |   | $          | 27,555,970 |   |
| Multi-family real estate                                                                         |   |   | 235,613    |   |   |       | 188,607 |   |
| Construction real estate                                                                         |   |   | 402,686    |   |   |       | 171,391 |   |
| Nonresidential real estate:                                                                      |   |   |       |   |   |       |   |   |
| Business                                                                                         |   |   | 2,571,517  |   |   |       | 2,308,904 |   |
| Agricultural                                                                                     |   |   | 5,104,184  |   |   |       | 4,945,303 |   |
|                                                                                             |   |   |       |   |   |       |   |   |
| Commercial loans                                                                                 |   |   | 486,701    |   |   |       | 473,419 |   |
| Consumer loans:                                                                                  |   |   |       |   |   |       |   |   |
| Loans on deposits                                                                                |   |   | 56,188     |   |   |       | 93,024 |   |
| Consumer auto                                                                                    |   |   | 390,499    |   |   |       | 434,039 |   |
| Consumer other secured                                                                           |   |   | 238,161    |   |   |       | 233,149 |   |
| Consumer unsecured                                                                               |   |   | 361,572    |   |   |       | 454,983 |   |
| Total loans                                                                                      |   |   | 37,691,723 |   |   |       | 36,858,789 |   |
|                                                                                             |   |   |       |   |   |       |   |   |
| Deferred loan costs                                                                              |   |   | 43,898     |   |   |       | 54,927 |   |
| Allowance for loan losses                                                                        |   |   | (220,817   | )      |   |       | (190,817 | ) |
|                                                                                             |   |   |       |   |   |       |   |   |
|                                                                                             |   | $      | 37,514,804 |   |   | $          | 36,722,899 |   |
|                                                                                             |   |   |       |   |   |       |   |   |
| Loans to principal officers, directors, and their affiliates during fiscal 2011 were as follows. |   |   |       |   |   |       |   |   |
|                                                                                             |   |   |       |   |   |       |   |   |
|                                                                                             |   |   |       |   |   |  2011 |   |
|                                                                                             |   |   |       |   |   |       |   |   |
| Beginning balance                                                                                |   |   |       |   |   | $          | 217,318 |   |
| Effect of changes in the composition                                                             |   |   |       |   |   |       |   |   |
|   of related parties                                                                   |   |   |       |   |   |       | 142,150 |   |
| Repayments                                                                                       |   |   |       |   |   |       | (164,817 | ) |
|                                                                                             |   |   |       |   |   |       |   |   |
| Ending balance                                                                                   |   |   |       |   |   | $          | 194,651 |   |

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|                           |   | 1-4 Family |    |   | Multi-Family |   |   | Construction |   |   | Nonresidential |   |   |       |    |   |     |   |   |        |   |   |   |   |
|--------------------------------|--------|------------|---------|--------|--------------|--------|--------|--------------|--------|--------|----------------|--------|--------|------------|---------|--------|----------|--------|--------|-------------|--------|--------|--------|--------|
|                           |   | Real       |    |   | Real         |   |   | Real         |   |   | Real           |   |   | Commercial |    |   | Consumer |   |   | Unallocated |   |   |   |   |
|                           |   | Estate     |    |   | Estate       |   |   | Estate       |   |   | Estate         |   |   | Loans      |    |   | Loans    |   |   | Balance     |   |   | Total  |   |
| Allowance for loan losses:     |   |       |    |   |         |   |   |         |   |   |           |   |   |       |    |   |     |   |   |        |   |   |   |   |
| Beginning balance              |   | $          | 142,657 |   |         | $      | 976    |         |   | $      | 887            |   |   | $          | 37,555  |   |     | $      | 2,451  |        |   | $      | 6,291  |   |   | $ | - |   |   | $ | 190,817 |   |
| Provision for loan losses      |   |       | 43,435  |   |         |   | (599   | )            |   |   | (243           | )      |   |       | (12,993 | )      |     |   | (894   | )           |   |   | (2,942 | )      |   |   | 4,236 |   |   |   | 30,000 |   |
| Loans charged-off              |   |       | -       |   |         |   | -      |         |   |   | -              |   |   |       | -       |   |     |   | -      |        |   |   | -      |   |   |   | - |   |   |   | - |   |
| Recoveries                     |   |       | -       |   |         |   | -      |         |   |   | -              |   |   |       | -       |   |     |   | -      |        |   |   | -      |   |   |   | - |   |   |   | - |   |
|                           |   |       |    |   |         |   |   |         |   |   |           |   |   |       |    |   |     |   |   |        |   |   |   |   |   |   |   |   |   |   |   |   |
| Total ending allowance balance |   | $          | 186,092 |   |         | $      | 377    |         |   | $      | 644            |   |   | $          | 24,562  |   |     | $      | 1,557  |        |   | $      | 3,349  |   |   | $ | 4,236 |   |   | $ | 220,817 |   |

|                                                              |   | 2011   |    |   | 2010   |   |
|-------------------------------------------------------------------|--------|--------|---------|--------|--------|--------|
| Allowance for loan losses:                                        |   |   |    |   |   |   |
| Beginning balance, July 1                                         |   | $      | 190,817 |   |   | $      | 264,451 |   |
| Provision for loan losses                                         |   |   | 30,000  |   |   |   | 20,000 |   |
| Loans charged-off                                                 |   |   | -       |   |   |   | (93,634 | ) |
| Recoveries                                                        |   |   | -       |   |   |   | - |   |
|        Ending balance, June 30 |   | $      | 220,817 |   |   | $      | 190,817 |   |

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|                                            |   | 1-4 Family |       |   | Multi-Family |   |    | Construction |   |   | Nonresidential |   |   |     |      |   |       |   |      |        |   |   |    |   |
|-------------------------------------------------|--------|------------|------------|--------|--------------|--------|---------|--------------|--------|--------|----------------|--------|--------|----------|-----------|--------|------------|--------|-----------|-------------|--------|--------|---------|--------|
|                                            |   | Real       |       |   | Real         |   |    | Real         |   |   | Real           |   |   | Consumer |      |   | Commercial |   |      | Unallocated |   |   |    |   |
|                                            |   | Estate     |       |   | Estate       |   |    | Estate       |   |   | Estate         |   |   | Loans    |      |   | Loans      |   |      | Balance     |   |   | Total   |   |
| Allowance for loan losses:                      |   |       |       |   |         |   |    |         |   |   |           |   |   |     |      |   |       |   |      |        |   |   |    |   |
| Ending allowance balance attributable to loans: |   |       |       |   |         |   |    |         |   |   |           |   |   |     |      |   |       |   |      |        |   |   |    |   |
| Individually evaluated for impairment           |   | $          | -          |   |         | $      | -       |         |   | $      | -              |   |   | $        | -         |   |       | $      | -         |        |   | $      | -       |   |   | $ | - |   |   | $ | - |   |
| Collectively evaluated for impairment           |   |       | 186,092    |   |         |   | 377     |         |   |   | 644            |   |   |     | 24,562    |   |       |   | 1,557     |        |   |   | 3,349   |   |   |   | 4,236 |   |   |   | 220,817 |   |
|                                            |   |       |       |   |         |   |    |         |   |   |           |   |   |     |      |   |       |   |      |        |   |   |    |   |   |   |   |   |   |   |   |   |
| Total ending allowance balance                  |   | $          | 186,092    |   |         | $      | 377     |         |   | $      | 644            |   |   | $        | 24,562    |   |       | $      | 1,557     |        |   | $      | 3,349   |   |   | $ | 4,236 |   |   | $ | 220,817 |   |
|                                            |   |       |       |   |         |   |    |         |   |   |           |   |   |     |      |   |       |   |      |        |   |   |    |   |   |   |   |   |   |   |   |   |
| Loans:                                          |   |       |       |   |         |   |    |         |   |   |           |   |   |     |      |   |       |   |      |        |   |   |    |   |   |   |   |   |   |   |   |   |
| Individually evaluated for impairment           |   | $          | 69,712     |   |         | $      | -       |         |   | $      | -              |   |   | $        | 488,589   |   |       | $      | -         |        |   | $      | -       |   |   | $ | - |   |   | $ | 558,301 |   |
| Collectively evaluated for impairment           |   |       | 27,862,001 |   |         |   | 237,409 |         |   |   | 403,562        |   |   |     | 7,237,251 |   |       |   | 1,064,170 |        |   |   | 490,058 |   |   |   | - |   |   |   | 37,294,451 |   |
|                                            |   |       |       |   |         |   |    |         |   |   |           |   |   |     |      |   |       |   |      |        |   |   |    |   |   |   |   |   |   |   |   |   |
| Total ending loans balance                      |   | $          | 27,931,713 |   |         | $      | 237,409 |         |   | $      | 403,562        |   |   | $        | 7,725,840 |   |       | $      | 1,064,170 |        |   | $      | 490,058 |   |   | $ | - |   |   | $ | 37,852,752 |   |

|                                                    |   |   |    |   |   |   |
|---------------------------------------------------------|--------|--------|---------|--------|--------|--------|
|                                                    |   | 2011   |    |   | 2010   |   |
| End of period unpaid principal balance of loans         |   |   |    |   |   |   |
|   with no allocated allowance for loan losses |   | $      | 558,073 |   |   | $      | 90,181 |   |
| End of period unpaid principal balance of loans         |   |   |    |   |   |   |   |   |
|   with allocated allowance for loan losses    |   |   | -       |   |   |   | - |   |
|                                                    |   |   |    |   |   |   |   |   |
| Total                                                   |   | $      | 558,073 |   |   | $      | 90,181 |   |
|                                                    |   |   |    |   |   |   |   |   |
| Amount of the allowance for loan losses allocated       |   | $      | -       |   |   | $      | - |   |

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|                                                                               |   | Unpaid    |          |   |       |   |    | Allowance for |   |   | Average    |   |   | Interest   |    |   | Cash Basis |   |
|------------------------------------------------------------------------------------|--------|-----------|---------------|--------|------------|--------|---------|---------------|--------|--------|------------|--------|--------|------------|---------|--------|------------|--------|
|                                                                               |   | Principal |          |   | Recorded   |   |    | Loan Losses   |   |   | Recorded   |   |   | Income     |    |   | Interest   |   |
|                                                                               |   | Balance   |          |   | Investment |   |    | Allocated     |   |   | Investment |   |   | Recognized |    |   | Recognized |   |
|      With no related allowance recorded:                  |   |      |          |   |       |   |    |          |   |   |       |   |   |       |    |   |       |   |
|      1-4 family real estate                               |   | $         | 69,691        |   |       | $      | 69,712  |          |   | $      | -          |   |   | $          | 83,063  |   |       | $      | 5,130 |   |   | $ | 5,130 |   |
|      Multi-family real estate                             |   |      | -             |   |       |   | -       |          |   |   | -          |   |   |       | -       |   |       |   | - |   |   |   | - |   |
|      Construction real estate                             |   |      | -             |   |       |   | -       |          |   |   | -          |   |   |       | -       |   |       |   | - |   |   |   | - |   |
|      Nonresidential real estate:                          |   |      |          |   |       |   |    |          |   |   |       |   |   |       |    |   |       |   |   |   |   |   |   |   |
|           Business               |   |      | 488,382       |   |       |   | 488,589 |          |   |   | -          |   |   |       | 40,716  |   |       |   | 22 |   |   |   | - |   |
|           Agricultural           |   |      | -             |   |       |   | -       |          |   |   | -          |   |   |       | -       |   |       |   | - |   |   |   | - |   |
|      Commercial loans                                     |   |      | -             |   |       |   | -       |          |   |   | -          |   |   |       | -       |   |       |   | - |   |   |   | - |   |
|      Consumer loans:                                      |   |      |          |   |       |   |    |          |   |   |       |   |   |       |    |   |       |   |   |   |   |   |   |   |
|           Loans on deposits      |   |      | -             |   |       |   | -       |          |   |   | -          |   |   |       | -       |   |       |   | - |   |   |   | - |   |
|           Consumer auto          |   |      | -             |   |       |   | -       |          |   |   | -          |   |   |       | -       |   |       |   | - |   |   |   | - |   |
|           Consumer other secured |   |      | -             |   |       |   | -       |          |   |   | -          |   |   |       | -       |   |       |   | - |   |   |   | - |   |
|           Consumer unsecured     |   |      | -             |   |       |   | -       |          |   |   | -          |   |   |       | -       |   |       |   | - |   |   |   | - |   |
|                                                                               |   |      |          |   |       |   |    |          |   |   |       |   |   |       |    |   |       |   |   |   |   |   |   |   |
|                                                                               |   |      |          |   |       |   |    |          |   |   |       |   |   |       |    |   |       |   |   |   |   |   |   |   |
| With an allowance recorded:                                                        |   |      |          |   |       |   |    |          |   |   |       |   |   |       |    |   |       |   |   |   |   |   |   |   |
|      1-4 family real estate                               |   |      | -             |   |       |   | -       |          |   |   | -          |   |   |       | -       |   |       |   | - |   |   |   | - |   |
|      Multi-family real estate                             |   |      | -             |   |       |   | -       |          |   |   | -          |   |   |       | -       |   |       |   | - |   |   |   | - |   |
|      Construction real estate                             |   |      | -             |   |       |   | -       |          |   |   | -          |   |   |       | -       |   |       |   | - |   |   |   | - |   |
|      Nonresidential real estate:                          |   |      |          |   |       |   |    |          |   |   |       |   |   |       |    |   |       |   |   |   |   |   |   |   |
|           Business               |   |      | -             |   |       |   | -       |          |   |   | -          |   |   |       | -       |   |       |   | - |   |   |   | - |   |
|           Agricultural           |   |      | -             |   |       |   | -       |          |   |   | -          |   |   |       | -       |   |       |   | - |   |   |   | - |   |
|      Commercial loans                                     |   |      | -             |   |       |   | -       |          |   |   | -          |   |   |       | -       |   |       |   | - |   |   |   | - |   |
|      Consumer loans:                                      |   |      |          |   |       |   |    |          |   |   |       |   |   |       |    |   |       |   |   |   |   |   |   |   |
|           Loans on deposits      |   |      | -             |   |       |   | -       |          |   |   | -          |   |   |       | -       |   |       |   | - |   |   |   | - |   |
|           Consumer auto          |   |      | -             |   |       |   | -       |          |   |   | -          |   |   |       | -       |   |       |   | - |   |   |   | - |   |
|           Consumer other secured |   |      | -             |   |       |   | -       |          |   |   | -          |   |   |       | -       |   |       |   | - |   |   |   | - |   |
|           Consumer unsecured     |   |      |   - |   |       |   | -       |          |   |   | -          |   |   |       | -       |   |       |   | - |   |   |   |  - |   |
|                                                                               |   |      |          |   |       |   |    |          |   |   |       |   |   |       |    |   |       |   |   |   |   |   |   |   |
|           Total                  |   | $         | 558,073       |   |       | $      | 558,301 |          |   | $      | -          |   |   | $          | 123,779 |   |       | $      | 5,152 |   |   | $ | 5,130 |   |

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|                                                                    |   | 2011   |    |   | 2010   |   |
|-------------------------------------------------------------------------|--------|--------|---------|--------|--------|--------|
| Average of unpaid principal balance of impaired loans during the period |   | $      | 123,734 |   |   | $      | 244,668 |   |
| Interest income recognized during impairment                            |   |   | 5,152   |   |   |   | 3,675 |   |
| Cash-basis interest income recognized                                   |   |   | 5,130   |   |   |   | 3,675 |   |

|                                                                               |   |       |   |   |                   |   |   | Loans Past Due Over |   |
|------------------------------------------------------------------------------------|--------|------------|--------|--------|------------------------|--------|--------|---------------------|--------|
|                                                                               |   | Nonaccrual |   |   | 90 Days Still Accruing |   |
|                                                                               |   | 2011       |   |   | 2010                   |   |   | 2011                |   |   | 2010 |   |
|                                                                               |   |       |   |   |                   |   |   |                |   |   |   |   |
|      1-4 family real estate                               |   | $          | 69,712 |   |                   | $      | 90,211 |                |   | $ | - |   |   | $ | - |   |
|      Multi-family real estate                             |   |       | -      |   |                   |   | -      |                |   |   | - |   |   |   | - |   |
|      Construction real estate                             |   |       | -      |   |                   |   | -      |                |   |   | - |   |   |   | - |   |
|      Nonresidential real estate:                          |   |       |   |   |                   |   |   |                |   |   |   |   |   |   |   |   |
|           Business               |   |       | -      |   |                   |   | -      |                |   |   | - |   |   |   | - |   |
|           Agricultural           |   |       | -      |   |                   |   | -      |                |   |   | - |   |   |   | - |   |
|      Commercial loans                                     |   |       | -      |   |                   |   | -      |                |   |   | - |   |   |   | - |   |
|      Consumer loans:                                      |   |       |   |   |                   |   |   |                |   |   |   |   |   |   |   |   |
|           Loans on deposits      |   |       | -      |   |                   |   | -      |                |   |   | - |   |   |   | - |   |
|           Consumer auto          |   |       | -      |   |                   |   | -      |                |   |   | - |   |   |   | - |   |
|           Consumer other secured |   |       | -      |   |                   |   | -      |                |   |   | - |   |   |   | - |   |
|           Consumer unsecured     |   |       | -      |   |                   |   | -      |                |   |   | - |   |   |   | - |   |
|                                                                               |   |       |   |   |                   |   |   |                |   |   |   |   |   |   |   |   |
|           Total                  |   | $          | 69,712 |   |                   | $      | 90,211 |                |   | $ | - |   |   | $ | - |   |

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|                                                                               |   | 30 - 59  |   |   | 60 - 89  |   |   | Greater than |   |   |     |   |   |      |    |   |   |   |
|------------------------------------------------------------------------------------|--------|----------|--------|--------|----------|--------|--------|--------------|--------|--------|----------|--------|--------|-----------|---------|--------|--------|--------|
|                                                                               |   | Days     |   |   | Days     |   |   | 90 Days      |   |   | Total    |   |   | Loans Not |    |   |   |   |
|                                                                               |   | Past Due |   |   | Past Due |   |   | Past Due     |   |   | Past Due |   |   | Past Due  |    |   | Total  |   |
|                                                                               |   |     |   |   |     |   |   |         |   |   |     |   |   |      |    |   |   |   |
|      1-4 family real estate                               |   | $        | 49,879 |   |     | $      | 94,188 |         |   | $      | -        |   |   | $         | 144,067 |   |   | $      | 27,787,646 |   |   | $ | 27,931,713 |   |
|      Multi-family real estate                             |   |     | -      |   |     |   | -      |         |   |   | -        |   |   |      | -       |   |   |   | 237,409 |   |   |   | 237,409 |   |
|      Construction real estate                             |   |     | -      |   |     |   | -      |         |   |   | -        |   |   |      | -       |   |   |   | 403,562 |   |   |   | 403,562 |   |
|      Nonresidential real estate:                          |   |     |   |   |     |   |   |         |   |   |     |   |   |      |    |   |   |   |   |   |   |   |   |   |
|           Business               |   |     | -      |   |     |   | -      |         |   |   | -        |   |   |      | -       |   |   |   | 2,578,060 |   |   |   | 2,578,060 |   |
|           Agricultural           |   |     | -      |   |     |   | -      |         |   |   | -        |   |   |      | -       |   |   |   | 5,147,780 |   |   |   | 5,147,780 |   |
|      Commercial loans                                     |   |     | -      |   |     |   | -      |         |   |   | -        |   |   |      | -       |   |   |   | 490,058 |   |   |   | 490,058 |   |
|      Consumer loans:                                      |   |     |   |   |     |   |   |         |   |   |     |   |   |      |    |   |   |   |   |   |   |   |   |   |
|           Loans on deposits      |   |     | -      |   |     |   | -      |         |   |   | -        |   |   |      | -       |   |   |   | 58,852 |   |   |   | 58,852 |   |
|           Consumer auto          |   |     | 3,495  |   |     |   | -      |         |   |   | -        |   |   |      | 3,495   |   |   |   | 393,139 |   |   |   | 396,634 |   |
|           Consumer other secured |   |     | -      |   |     |   | -      |         |   |   | -        |   |   |      | -       |   |   |   | 240,205 |   |   |   | 240,205 |   |
|           Consumer unsecured     |   |     | 1,096  |   |     |   | -      |         |   |   | -        |   |   |      | 1,096   |   |   |   | 367,383 |   |   |   | 368,479 |   |
|                                                                               |   |     |   |   |     |   |   |         |   |   |     |   |   |      |    |   |   |   |   |   |   |   |   |   |
|      Total                                                |   | $        | 54,470 |   |     | $      | 94,188 |         |   | $      | -        |   |   | $         | 148,658 |   |   | $      | 37,704,094 |   |   | $ | 37,852,752 |   |

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|                                                                                 |   |   |      |   | Special |   |   |        |   |   |     |   |   | Not    |   |
|--------------------------------------------------------------------------------------|--------|--------|-----------|--------|---------|--------|--------|-------------|--------|--------|----------|--------|--------|--------|--------|
|                                                                                 |   | Pass   |      |   | Mention |   |   | Substandard |   |   | Doubtful |   |   | Rated  |   |
|                                                                                 |   |   |      |   |    |   |   |        |   |   |     |   |   |   |   |
|      1-4 Family real estate                                 |   | $      | -         |   |    | $      | 69,712 |        |   | $      | -        |   |   | $      | -      |   |   | $ | 27,862,001 |   |
|      Multi-Family real estate                               |   |   | 237,409   |   |    |   | -      |        |   |   | -        |   |   |   | -      |   |   |   | - |   |
|      Construction real estate                               |   |   | 403,562   |   |    |   | -      |        |   |   | -        |   |   |   | -      |   |   |   | - |   |
|      Nonresidential real estate:                            |   |   |      |   |    |   |   |        |   |   |     |   |   |   |   |   |   |   |   |   |
|             Business     |   |   | 2,578,060 |   |    |   | -      |        |   |   | -        |   |   |   | -      |   |   |   | - |   |
|             Agricultural |   |   | 5,147,780 |   |    |   | -      |        |   |   | -        |   |   |   | -      |   |   |   | - |   |
|      Commercial loans                                       |   |   | 490,058   |   |    |   | -      |        |   |   | -        |   |   |   | -      |   |   |   | - |   |
|                                                                                 |   |   |      |   |    |   |   |        |   |   |     |   |   |   |   |   |   |   |   |   |
|      Total                                                  |   | $      | 8,856,869 |   |    | $      | 69,712 |        |   | $      | -        |   |   | $      | -      |   |   | $ | 27,862,001 |   |

|                                        |   | Consumer |   |   | Residential |   |
|---------------------------------------------|--------|----------|--------|--------|-------------|--------|
|                                        |   | Loans on |   |   |        |   |   | Other |   |   |   |   |   |   |   |   |   |   |
|                                        |   | Deposits |   |   | Auto        |   |   | Secured |   |   | Unsecured |   |   | Multi-family |   |   | Construction |   |
|                                        |   |     |   |   |        |   |   |   |   |   |   |   |   |   |   |   |   |   |
|      Performing    |   | $        | 58,852 |   |        | $      | 396,634 |   |   | $ | 240,205 |   |   | $ | 368,479 |   |   | $ | 237,409 |   |   |   | 403,562 |   |
|      Nonperforming |   |     | -      |   |        |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |
|                                        |   |     |   |   |        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|      Total         |   | $        | 58,852 |   |        | $      | 396,634 |   |   | $ | 240,205 |   |   | $ | 368,479 |   |   | $ | 237,409 |   |   | $ | 403,562 |   |

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|                                                              |   | 2011   |     |   | 2010   |   |
|-------------------------------------------------------------------|--------|--------|----------|--------|--------|--------|
|                                                              |   |   |     |   |   |   |
|      Land                                |   | $      | 153,328  |   |   | $      | 153,328 |   |
|      Building and improvements           |   |   | 306,761  |   |   |   | 230,700 |   |
|      Furniture and equipment             |   |   | 168,474  |   |   |   | 156,590 |   |
|           Total |   |   | 628,563  |   |   |   | 540,618 |   |
|      Accumulated depreciation            |   |   | (369,447 | )      |   |   | (365,973 | ) |
|                                                              |   |   |     |   |   |   |   |   |
|                                                              |   | $      | 259,116  |   |   | $      | 174,645 |   |

|                                                               |   | 2011   |    |   | 2010   |   |
|--------------------------------------------------------------------|--------|--------|---------|--------|--------|--------|
|                                                               |   |   |    |   |   |   |
|      Loans                                |   | $      | 117,131 |   |   | $      | 125,270 |   |
|      Securities                           |   |   | 2,660   |   |   |   | 3,741 |   |
|      Interest bearing deposits,           |   |   |    |   |   |   |   |   |
|        fed funds sold and other |   |   | 3,206   |   |   |   | 5,878 |   |
|                                                               |   |   |    |   |   |   |   |   |
|                                                               |   | $      | 122,997 |   |   | $      | 134,889 |   |

|                                                                                                    |   | 2011   |    |   | 2010   |   |
|---------------------------------------------------------------------------------------------------------|--------|--------|---------|--------|--------|--------|
|                                                                                                    |   |   |    |   |   |   |
| Savings                                                                                                 |   | $      | 11,362  |   |   | $      | 9,607 |   |
| Time deposits                |   |   | 296,427 |   |   |   | 363,383 |   |
|                                                                                                    |   |   |    |   |   |   |   |   |
|                                                                                                    |   | $      | 307,789 |   |   | $      | 372,990 |   |

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| Year ended June 30, | 2012   |   | $      | 11,288,570 |   |
|---------------------|--------|--------|--------|------------|--------|
|                | 2013   |   |   | 4,776,704  |   |
|                | 2014   |   |   | 952,347    |   |
|                | 2015   |   |   | 487,878    |   |
|                |   |   |   |       |   |
|                |   |   | $      | 17,505,499 |   |

|   |                                                                      |   | 2011   |      |   | 2010   |   |
|--------|---------------------------------------------------------------------------|--------|--------|-----------|--------|--------|--------|
|   |                                                                      |   |   |      |   |   |   |
| 1.14%  | Fixed rate advance, due October 2014                                      |   | $      | 1,000,000 |   |   | $      | - |   |
| 2.00%  | Fixed rate advance, due June 2012                                         |   |   | 1,000,000 |   |   |   | 1,000,000 |   |
| 2.89%  | Fixed rate advance, due September 2014                                    |   |   | 1,000,000 |   |   |   | 1,000,000 |   |
| 3.36%  | Fixed rate advance, due March 2017                                        |   |   | 1,000,000 |   |   |   | 1,000,000 |   |
| 5.93%  | Convertible advance, next reprice date August 2010, due August 2010       |   |   | -         |   |   |   | 500,000 |   |
| 6.27%  | Convertible advance, next reprice date September 2010, due September 2010 |   |   | -         |   |   |   | 1,000,000 |   |
| 5.79%  | Convertible advance, next reprice date August 2010, due November 2010     |   |   | -         |   |   |   | 1,000,000 |   |
| 4.39%  | Putable advance, next call date                                           |   |   |      |   |   |   |   |   |
|   | August 2011, due November 2011                                            |   |   | 1,000,000 |   |   |   | 1,000,000 |   |
| 4.26%  | Putable advance, next call date                                           |   |   |      |   |   |   |   |   |
|   | September 2011, due March 2014                                            |   |   | 1,000,000 |   |   |   | 1,000,000 |   |
|   |                                                                      |   |   |      |   |   |   |   |   |
|   |                                                                      |   | $      | 6,000,000 |   |   | $      | 7,500,000 |   |

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| Year ended June 30, | 2012       |   | $      | 2,000,000 |   |
|---------------------|------------|--------|--------|-----------|--------|
|                | 2013       |   |   | -         |   |
|                | 2014       |   |   | 1,000,000 |   |
|                | 2015       |   |   | 2,000,000 |   |
|                | 2016       |   |   | -         |   |
|                | Thereafter |   |   | 1,000,000 |   |
|                |       |   |   |      |   |
|                |       |   | $      | 6,000,000 |   |

|     |   | 2011   |    |   | 2010   |   |
|----------|--------|--------|---------|--------|--------|--------|
|     |   |   |    |   |   |   |
| Current  |   | $      | 163,216 |   |   | $      | 89,788 |   |
| Deferred |   |   | (56,916 | )      |   |   | (6,997 | ) |
|     |   |   |    |   |   |   |   |   |
| Total    |   | $      | 106,300 |   |   | $      | 82,791 |   |

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|                                                              |   | 2011   |    |   | 2010   |   |
|-------------------------------------------------------------------|--------|--------|---------|--------|--------|--------|
|                                                              |   |   |    |   |   |   |
| Federal statutory rate times financial statement income           |   | $      | 107,834 |   |   | $      | 84,435 |   |
| Effect of:                                                        |   |   |    |   |   |   |   |   |
|      Tax exempt interest income          |   |   | (1,423  | )      |   |   | (1,496 | ) |
|      Other, net                          |   |   | (111    | )      |   |   | (148 | ) |
|           Total |   | $      | 106,300 |   |   | $      | 82,791 |   |
|                                                              |   |   |    |   |   |   |   |   |
|      Effective tax rate                  |   |   | 33.52   | %      |   |   | 33.34 | % |

|                                                                                     |   | 2011   |     |   | 2010   |   |
|------------------------------------------------------------------------------------------|--------|--------|----------|--------|--------|--------|
| Deferred tax assets                                                                      |   |   |     |   |   |   |
|      Allowance for loan losses                                  |   | $      | 75,078   |   |   | $      | 64,878 |   |
|      Accrued compensation                                       |   |   | 301,823  |   |   |   | 280,971 |   |
|      Impairment loss on securities                              |   |   | 35,528   |   |   |   | 35,528 |   |
|      Pension                                                    |   |   | 112,959  |   |   |   | 180,717 |   |
|           Total deferred tax asset     |   |   | 525,388  |   |   |   | 562,094 |   |
|                                                                                     |   |   |     |   |   |   |   |   |
| Deferred tax liabilities:                                                                |   |   |     |   |   |   |   |   |
|      Deferred loan fees and costs                               |   |   | (14,925  | )      |   |   | (18,675 | ) |
|      FHLB stock                                                 |   |   | (75,070  | )      |   |   | (75,070 | ) |
|      Accrual to cash                                            |   |   | (27,862  | )      |   |   | (23,395 | ) |
|      Accumulated depreciation                                   |   |   | (3,716   | )      |   |   | (5,235 | ) |
|      Net unrealized gains on securities                         |   |   |     |   |   |   |   |   |
|        available for sale                             |   |   | (1,790   | )      |   |   | (4,602 | ) |
|           Total deferred tax liability |   |   | (123,363 | )      |   |   | (126,977 | ) |
|                                                                                     |   |   |     |   |   |   |   |   |
|           Net deferred tax asset       |   | $      | 402,025  |   |   | $      | 435,117 |   |

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|                                                                                     |   | 2011   |      |   | 2010   |   |
|------------------------------------------------------------------------------------------|--------|--------|-----------|--------|--------|--------|
|      Change in benefit obligation:                              |   |   |      |   |   |   |
|           Beginning benefit obligation |   | $      | 1,189,283 |   |   | $      | 918,847 |   |
|           Service cost                 |   |   | 72,957    |   |   |   | 44,063 |   |
|           Interest cost                |   |   | 57,657    |   |   |   | 52,242 |   |
|           Actuarial loss (gain)        |   |   | (126,999  | )      |   |   | 203,854 |   |
|           Benefits paid                |   |   | (29,723   | )      |   |   | (29,723 | ) |
|           Ending benefit obligation    |   |   | 1,163,175 |   |   |   | 1,189,283 |   |
|                                                                                     |   |   |      |   |   |   |   |   |
|      Change in plan assets, at fair value:                      |   |   |      |   |   |   |   |   |
|           Beginning plan assets        |   |   | 657,761   |   |   |   | 576,704 |   |
|           Actual return                |   |   | 144,946   |   |   |   | 57,911 |   |
|           Employer contribution        |   |   | 57,960    |   |   |   | 52,869 |   |
|           Benefits paid                |   |   | (29,723   | )      |   |   | (29,723 | ) |
|           Ending plan assets           |   |   | 830,944   |   |   |   | 657,761 |   |
|                                                                                     |   |   |      |   |   |   |   |   |
|      Funded status at end of year (plan assets less             |   |   |      |   |   |   |   |   |
|           benefit obligations)         |   | $      | (332,231  | )      |   | $      | (531,522 | ) |

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|                                             |   | 2011   |    |   | 2010   |   |
|--------------------------------------------------|--------|--------|---------|--------|--------|--------|
|                                             |   |   |    |   |   |   |
|      Net actuarial loss |   | $      | 485,403 |   |   | $      | 744,463 |   |
|      Prior service cost |   |   | 7,404   |   |   |   | 10,302 |   |
|                                             |   |   |    |   |   |   |   |   |
|                                             |   | $      | 492,807 |   |   | $      | 754,765 |   |

|                                                                                                        |   | 2011       |     |   | 2010       |   |
|-------------------------------------------------------------------------------------------------------------|--------|------------|----------|--------|------------|--------|
|                                                                                                        |   |       |     |   |       |   |
|      Service cost                                                                  |   | $          | 72,957   |   |       | $      | 44,063 |   |
|      Interest cost                                                                 |   |       | 57,657   |   |       |   | 52,242 |   |
|      Expected return on plan assets                                                |   |       | (43,729  | )      |       |   | (38,461 | ) |
|      Amortization of prior service cost                                            |   |       | 2,898    |   |       |   | 2,898 |   |
|      Amortization of net loss                                                      |   |       | 30,845   |   |       |   | 24,220 |   |
|                                                                                                        |   |       |     |   |       |   |   |   |
|           Net periodic benefit cost                       |   | $          | 120,628  |   |       | $      | 84,962 |   |
|                                                                                                        |   |       |     |   |       |   |   |   |
|                                                                                                        |   |  2011 |     |   |  2010 |   |
|                                                                                                        |   |       |     |   |       |   |   |   |
|      Unrealized (gain) or loss during the period                                   |   | $          | (228,215 | )      |       | $      | 184,403 |   |
|      Amortization of net loss                                                      |   |       | (30,845  | )      |       |   | (24,220 | ) |
|      Amortization of prior service cost                                            |   |       | (2,898   | )      |       |   | (2,898 | ) |
|           Total recognized in other                       |   |       |     |   |       |   |   |   |
|             comprehensive income                |   |       | (261,958 | )      |       |   | 157,285 |   |
|                                                                                                        |   |       |     |   |       |   |   |   |
|           Net periodic benefit cost                       |   |       | 120,628  |   |       |   | 84,962 |   |
|                                                                                                        |   |       |     |   |       |   |   |   |
|           Total recognized in net periodic benefit        |   |       |     |   |       |   |   |   |
|             cost and other comprehensive income |   | $          | (141,330 | )      |       | $      | 242,247 |   |

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|                                                                                                         |   | 2011   |   |   | 2010   |   |
|--------------------------------------------------------------------------------------------------------------|--------|--------|--------|--------|--------|--------|
| Weighted-average assumptions used to                                                                         |   |   |   |   |   |   |
|   determine net cost                                                                               |   |   |   |   |   |   |
|           Discount rate on benefit obligation              |   |   | 4.91   | %      |   |   | 5.78 | % |
|           Long-term expected rate of return on plan assets |   |   | 6.50   | %      |   |   | 6.50 | % |
|           Rate of compensation increase                    |   |   | 4.00   | %      |   |   | 4.00 | % |
|                                                                                                         |   |   |   |   |   |   |   |   |
| Weighted-average assumptions used to                                                                         |   |   |   |   |   |   |   |   |
|   determine benefit obligation at year-end                                                         |   |   |   |   |   |   |   |   |
|           Discount rate                                    |   |   | 5.67   | %      |   |   | 4.91 | % |
|           Rate of compensation increase                    |   |   | 4.00   | %      |   |   | 4.00 | % |

|                                                                                      |   | Percentage of Plan |   |
|-------------------------------------------------------------------------------------------|--------|--------------------|--------|
|                                                                                      |   | Assets at Year End |   |
|                                                                                      |   | 2011               |   |   | 2010 |   |
| Plan Assets                                                                               |   |               |   |   |   |   |
|      Mutual Funds:                                               |   |               |   |   |   |   |
|           S&P 500 growth            |   |               | 13.9   | % |   |   | 13.3 | % |
|           S&P 500 value             |   |               | 13.2   |   |   |   | 13.0 |   |
|           S&P Midcap 400 growth     |   |               | 8.3    |   |   |   | 7.3 |   |
|           S&P Midcap 400 value      |   |               | 7.5    |   |   |   | 7.3 |   |
|           S&P Smallcap 600 growth   |   |               | 2.1    |   |   |   | 1.8 |   |
|           S&P Smallcap 600 value    |   |               | 1.8    |   |   |   | 1.8 |   |
|           International equity funds    |   |               | 16.1   |   |   |   | 15.0 |   |
|           Emerging markets equity funds |   |               | 7.2    |   |   |   | 6.8 |   |
|           U.S. core fixed income funds  |   |               | 5.9    |   |   |   | 0.0 |   |
|      U.S. corporate stock                                        |   |               | 0.2    |   |   |   | 0.2 |   |
|      Cash and cash equivalents                                   |   |               | 23.8   |   |   |   | 33.5 |   |
|                                                                                      |   |               |   |   |   |   |   |   |
| Total Plan Assets                                                                         |   |               | 100.0  | % |   |   | 100.0 | % |

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|                                                    |   |       |   |   | Percentage of Plan |   |   | Weighted-        |   |
|---------------------------------------------------------|--------|------------|--------|--------|--------------------|--------|--------|------------------|--------|
|                                                    |   | Target     |   |   | Assets             |   |   | Average Expected |   |
|                                                    |   | Allocation |   |   | at Year-end        |   |   | Long-Term Rate   |   |
| Asset Category                                          |   | 2012       |   |   | 2011               |   |   | 2010             |   |   | of Return-2011 |   |
|                                                    |   |       |   |   |               |   |   |             |   |   |   |   |
|      Investment funds          |   |       | 80     | %      |               |   | 76     | %                |   |   | 66 | % |   |   | 6.5 | % |
|      Cash and cash equivalents |   |       | 20     |   |               |   | 24     |             |   |   | 34 |   |   |   | 4.0 |   |

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|                                                                                      |   | Fair Value Measurements at |    |
|-------------------------------------------------------------------------------------------|--------|----------------------------|---------|
|                                                                                      |   | June 30, 2011 Using:       |    |
|                                                                                      |   |                       |    |   |   |   |   | Significant |   |   |   |   |
|                                                                                      |   |                       |    |   | Quoted Prices in |   |   | Other |   |   | Significant |   |
|                                                                                      |   |                       |    |   | Active Markets for |   |   | Observable |   |   | Unobservable |   |
|                                                                                      |   | Carrying                   |    |   | Identical Assets |   |   | Inputs |   |   | Inputs |   |
|                                                                                      |   | Value                      |    |   | (Level 1) |   |   | (Level 2) |   |   | (Level 3) |   |
| Plan Assets                                                                               |   |                       |    |   |   |   |   |   |   |   |   |   |
|      Mutual Funds:                                               |   |                       |    |   |   |   |   |   |   |   |   |   |
|           S&P 500 growth            |   | $                          | 115,754 |   |   | $ | 115,754 |   |   | $ | - |   |   | $ | - |   |
|           S&P 500 value             |   |                       | 109,244 |   |   |   | 109,244 |   |   |   | - |   |   |   | - |   |
|           S&P Midcap 400 growth     |   |                       | 68,900  |   |   |   | 68,900 |   |   |   | - |   |   |   | - |   |
|           S&P Midcap 400 value      |   |                       | 62,580  |   |   |   | 62,580 |   |   |   | - |   |   |   | - |   |
|           S&P Smallcap 600 growth   |   |                       | 17,045  |   |   |   | 17,045 |   |   |   | - |   |   |   | - |   |
|           S&P Smallcap 600 value    |   |                       | 15,077  |   |   |   | 15,077 |   |   |   | - |   |   |   | - |   |
|           International equity funds    |   |                       | 134,052 |   |   |   | 134,052 |   |   |   | - |   |   |   | - |   |
|           Emerging markets equity funds |   |                       | 59,833  |   |   |   | 59,833 |   |   |   | - |   |   |   | - |   |
|           U. S. core fixed income funds |   |                       | 49,222  |   |   |   | 49,222 |   |   |   | - |   |   |   | - |   |
|      U. S. corporate stock                                       |   |                       | 1,710   |   |   |   | 1,710 |   |   |   | - |   |   |   | - |   |
|      Cash and cash equivalents                                   |   |                       | 197,527 |   |   |   | 197,527 |   |   |   | - |   |   |   | - |   |
|                                                                                      |   |                       |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total Plan Assets                                                                         |   | $                          | 830,944 |   |   | $ | 830,944 |   |   | $ | - |   |   | $ | - |   |

|                                                                                      |   | Fair Value Measurements at |    |
|-------------------------------------------------------------------------------------------|--------|----------------------------|---------|
|                                                                                      |   | June 30, 2010 Using:       |    |
|                                                                                      |   |                       |    |   |   |   |   | Significant |   |   |   |   |
|                                                                                      |   |                       |    |   | Quoted Prices in |   |   | Other |   |   | Significant |   |
|                                                                                      |   |                       |    |   | Active Markets for |   |   | Observable |   |   | Unobservable |   |
|                                                                                      |   | Carrying                   |    |   | Identical Assets |   |   | Inputs |   |   | Inputs |   |
|                                                                                      |   | Value                      |    |   | (Level 1) |   |   | (Level 2) |   |   | (Level 3) |   |
| Plan Assets                                                                               |   |                       |    |   |   |   |   |   |   |   |   |   |
|      Mutual Funds:                                               |   |                       |    |   |   |   |   |   |   |   |   |   |
|           S&P 500 growth            |   | $                          | 86,564  |   |   | $ | 86,564 |   |   | $ | - |   |   | $ | - |   |
|           S&P 500 value             |   |                       | 87,245  |   |   |   | 87,245 |   |   |   | - |   |   |   | - |   |
|           S&P Midcap 400 growth     |   |                       | 47,742  |   |   |   | 47,742 |   |   |   | - |   |   |   | - |   |
|           S&P Midcap 400 value      |   |                       | 47,762  |   |   |   | 47,762 |   |   |   | - |   |   |   | - |   |
|           S&P Smallcap 600 growth   |   |                       | 12,071  |   |   |   | 12,071 |   |   |   | - |   |   |   | - |   |
|           S&P Smallcap 600 value    |   |                       | 11,614  |   |   |   | 11,614 |   |   |   | - |   |   |   | - |   |
|           International equity funds    |   |                       | 99,020  |   |   |   | 99,020 |   |   |   | - |   |   |   | - |   |
|           Emerging markets equity funds |   |                       | 44,523  |   |   |   | 44,523 |   |   |   | - |   |   |   | - |   |
|      U.S. corporate stock                                        |   |                       | 1,473   |   |   |   | 1,473 |   |   |   | - |   |   |   | - |   |
|      Cash and cash equivalents          |   |                       | 220,747 |   |   |   | 220,747 |   |   |   | - |   |   |   | - |   |
|                                                                                      |   |                       |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total Plan Assets                                                                         |   | $                          | 657,761 |   |   | $ | 657,761 |   |   | $ | - |   |   | $ | - |   |

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| 2012      |   | $      | 29,729  |   |
|-----------|--------|--------|---------|--------|
| 2013      |   |   | 28,136  |   |
| 2014      |   |   | 26,491  |   |
| 2015      |   |   | 24,788  |   |
| 2016      |   |   | 23,045  |   |
| 2017-2021 |   |   | 407,384 |   |

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|                                                                          |   | 2011   |    |   | 2010   |   |
|-------------------------------------------------------------------------------|--------|--------|---------|--------|--------|--------|
|                                                                          |   |   |    |   |   |   |
|      Allocated                                       |   |   | 1,710   |   |   |   | - |   |
|      Committed to be released                        |   |   | 855     |   |   |   | 855 |   |
|      Unearned                                        |   |   | 31,635  |   |   |   | 33,345 |   |
|                                                                          |   |   |    |   |   |   |   |   |
|           Total ESOP shares |   |   | 34,200  |   |   |   | 34,200 |   |
|                                                                          |   |   |    |   |   |   |   |   |
|      Fair value of unearned shares                   |   | $      | 411,255 |   |   | $      | 333,450 |   |
|                                                                          |   |   |    |   |   |   |   |   |
|      Fair value of allocated shares subject to       |   |   |    |   |   |   |   |   |
|        repurchase obligation               |   | $      | 22,230  |   |   | $      | - |   |

|                                           |   | 2011    |    |   | 2010   |   |
|------------------------------------------------|--------|---------|---------|--------|--------|--------|
|                                           |   | Balance |    |   | Rate   |   |   | Balance |   |   | Rate |   |
|                                           |   |    |    |   |   |   |   |   |   |   |   |   |
| 1-4 family real estate – fixed rate      |   | $       | 125,000 |   |   |   | 5.50 | % |   | $ | 350,000 |   |   |   | 5.75 | % |
| Multi-family real estate – variable rate |   |    | -       |   |   |   | - |   |   |   | 85,500 |   |   |   | 6.50 |   |
| Nonresidential real estate - variable rate     |   |    | 35,920  |   |   |   | 4.00 |   |   |   | - |   |   |   | - |   |

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|                                                              |   | Fair Value Measurements |    |
|-------------------------------------------------------------------|--------|-------------------------|---------|
|                                                              |   | at June 30, 2011 Using  |    |
|                                                              |   | Quoted Prices in        |    |   | Significant |   |   | Significant |   |
|                                                              |   | Active Markets for      |    |   | Other Observable |   |   | Unobservable |   |
|                                                              |   | Identical Assets        |    |   | Inputs |   |   | Inputs |   |
|                                                              |   | (Level 1)               |    |   | (Level 2) |   |   | (Level 3) |   |
| Assets:                                                           |   |                    |    |   |   |   |   |   |   |
|        AMF Short US Government |   |                    |    |   |   |   |   |   |   |
|          Fund        |   | $                       | 699,297 |   |   | $ | - |   |   | $ | - |   |
|                                                              |   |                    |    |   |   |   |   |   |   |   |   |   |

|                                                              |   | Fair Value Measurements |    |
|-------------------------------------------------------------------|--------|-------------------------|---------|
|                                                              |   | at June 30, 2010 Using  |    |
|                                                              |   | Quoted Prices in        |    |   | Significant |   |   | Significant |   |
|                                                              |   | Active Markets for      |    |   | Other Observable |   |   | Unobservable |   |
|                                                              |   | Identical Assets        |    |   | Inputs |   |   | Inputs |   |
|                                                              |   | (Level 1)               |    |   | (Level 2) |   |   | (Level 3) |   |
| Assets:                                                           |   |                    |    |   |   |   |   |   |   |
|        AMF Short US Government |   |                    |    |   |   |   |   |   |   |
|          Fund        |   | $                       | 707,569 |   |   | $ | - |   |   | $ | - |   |

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|                                                                                        |   | June 30, 2011 |        |   | June 30, 2010 |   |
|---------------------------------------------------------------------------------------------|--------|---------------|-------------|--------|---------------|--------|
|                                                                                        |   | Carrying      |        |   | Fair          |   |   | Carrying |   |   | Fair |   |
|                                                                                        |   | Amount        |        |   | Value         |   |   | Amount |   |   | Value |   |
| Financial assets:                                                                           |   |          |        |   |          |   |   |   |   |   |   |   |
|      Cash and cash equivalents                                     |   | $             | 4,071,401   |   |          | $      | 4,071,401 |   |   | $ | 4,872,815 |   |   | $ | 4,872,815 |   |
|      Interest bearing time deposits                                |   |          |        |   |          |   |   |   |   |   |   |   |   |   |   |   |
|           in other financial institutions |   |          | 292,000     |   |          |   | 292,000 |   |   |   | 486,000 |   |   |   | 486,000 |   |
|      Securities available for sale                                 |   |          | 699,297     |   |          |   | 699,297 |   |   |   | 707,569 |   |   |   | 707,569 |   |
|      Securities held to maturity                                   |   |          | 693,918     |   |          |   | 729,604 |   |   |   | 903,485 |   |   |   | 946,110 |   |
|      Net loans                                                     |   |          | 37,514,804  |   |          |   | 39,809,000 |   |   |   | 36,722,899 |   |   |   | 39,161,000 |   |
|      FHLB stock                                                    |   |          | 397,500     |   |          |   | N/A |   |   |   | 397,500 |   |   |   | N/A |   |
|      Accrued interest receivable                                   |   |          | 122,997     |   |          |   | 122,997 |   |   |   | 134,889 |   |   |   | 134,889 |   |
|                                                                                        |   |          |        |   |          |   |   |   |   |   |   |   |   |   |   |   |
| Financial liabilities:                                                                      |   |          |        |   |          |   |   |   |   |   |   |   |   |   |   |   |
|      Deposits                                                      |   |          | (26,475,732 | )      |          |   | (26,725,000 | ) |   |   | (25,936,691 | ) |   |   | (26,280,000 | ) |
|      FHLB advances                                                 |   |          | (6,000,000  | )      |          |   | (6,210,000 | ) |   |   | (7,500,000 | ) |   |   | (7,903,000 | ) |
|      Accrued interest payable                                      |   |          | (52,775     | )      |          |   | (52,775 | ) |   |   | (71,994 | ) |   |   | (71,994 | ) |

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|                            |   |                   |   |   |              |   |   |               |   |   |         |   |   | To Be            |   |
|---------------------------------|--------|------------------------|--------|--------|-------------------|--------|--------|--------------------|--------|--------|--------------|--------|--------|------------------|--------|
|                            |   |                   |   |   |              |   |   |               |   |   |         |   |   | Well Capitalized |   |
|                            |   |                   |   |   |              |   |   | For                |   |   | Under Prompt |   |
|                            |   |                   |   |   |              |   |   | Capital            |   |   | Corrective   |   |
|                            |   | Actual                 |   |   | Adequacy Purposes |   |   | Action Regulations |   |
|                            |   | Amount                 |   |   | Ratio             |   |   | Amount             |   |   | Ratio        |   |   | Amount           |   |   | Ratio |   |
| June 30, 2011                   |   | (Dollars in thousands) |   |
| Total capital                   |   |                   |   |   |              |   |   |               |   |   |         |   |   |             |   |   |   |   |
|  (to risk-weighted assets) |   | $                      | 9,905  |   |              |   | 38.1   | %                  |   | $      | 2,082        |   |   |             | 8.0    | % |   | $ | 2,602 |   |   |   | 10.0 | % |
| Tier I (core) capital           |   |                   |   |   |              |   |   |               |   |   |         |   |   |             |   |   |   |   |   |   |   |   |   |   |
| (to risk-weighted assets)       |   |                   | 9,685  |   |              |   | 37.2   |               |   |   | 1,041        |   |   |             | 4.0    |   |   |   | 1,561 |   |   |   | 6.0 |   |
| Tier I (core) capital           |   |                   |   |   |              |   |   |               |   |   |         |   |   |             |   |   |   |   |   |   |   |   |   |   |
| (to adjusted total assets)      |   |                   | 9,685  |   |              |   | 21.8   |               |   |   | 1,780        |   |   |             | 4.0    |   |   |   | 2,225 |   |   |   | 5.0 |   |
| Tangible capital                |   |                   |   |   |              |   |   |               |   |   |         |   |   |             |   |   |   |   |   |   |   |   |   |   |
| (to adjusted total assets)      |   |                   | 9,685  |   |              |   | 21.8   |               |   |   | 668          |   |   |             | 1.5    |   |   |   | N/A |   |   |   |   |   |
|                            |   |                   |   |   |              |   |   |               |   |   |         |   |   |             |   |   |   |   |   |   |   |   |   |   |
| June 30, 2010                   |   |                   |   |   |              |   |   |               |   |   |         |   |   |             |   |   |   |   |   |   |   |   |   |   |
| Total capital                   |   |                   |   |   |              |   |   |               |   |   |         |   |   |             |   |   |   |   |   |   |   |   |   |   |
|  (to risk-weighted assets) |   | $                      | 9,570  |   |              |   | 35.5   | %                  |   | $      | 2,155        |   |   |             | 8.0    | % |   | $ | 2,694 |   |   |   | 10.0 | % |
| Tier I (core) capital           |   |                   |   |   |              |   |   |               |   |   |         |   |   |             |   |   |   |   |   |   |   |   |   |   |
| (to risk-weighted assets)       |   |                   | 9,380  |   |              |   | 34.8   |               |   |   | 1,078        |   |   |             | 4.0    |   |   |   | 1,616 |   |   |   | 6.0 |   |
| Tier I (core) capital           |   |                   |   |   |              |   |   |               |   |   |         |   |   |             |   |   |   |   |   |   |   |   |   |   |
| (to adjusted total assets)      |   |                   | 9,380  |   |              |   | 20.6   |               |   |   | 1,824        |   |   |             | 4.0    |   |   |   | 2,280 |   |   |   | 5.0 |   |
| Tangible capital                |   |                   |   |   |              |   |   |               |   |   |         |   |   |             |   |   |   |   |   |   |   |   |   |   |
| (to adjusted total assets)      |   |                   | 9,380  |   |              |   | 20.6   |               |   |   | 684          |   |   |             | 1.5    |   |   |   | N/A |   |   |   |   |   |

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|                                            |   | 2011   |   |   | 2010   |   |
|-------------------------------------------------|--------|--------|--------|--------|--------|--------|
|                                            |   |   |   |   |   |   |
| Total capital, computed in accordance with GAAP |   | $      | 9,359  |   |   | $      | 8,880 |   |
| Accumulated other comprehensive loss            |   |   | 326    |   |   |   | 500 |   |
| Tier I (tangible) capital                       |   |   | 9,685  |   |   |   | 9,380 |   |
| Allowance for loan losses                       |   |   | 220    |   |   |   | 190 |   |
|                                            |   |   |   |   |   |   |   |   |
| Total capital                                   |   | $      | 9,905  |   |   | $      | 9,570 |   |

|                                                                                                      |   | 2011   |    |   | 2010   |   |
|-----------------------------------------------------------------------------------------------------------|--------|--------|---------|--------|--------|--------|
|                                                                                                      |   |   |    |   |   |   |
| Basic                                                                                                     |   |   |    |   |   |   |
|      Net income available to common shareholders                                 |   | $      | 210,860 |   |   | $      | 71,686 |   |
|                                                                                                      |   |   |    |   |   |   |   |   |
|           Weighted average common shares outstanding    |   |   | 427,504 |   |   |   | 427,504 |   |
|           Less:  Average unearned ESOP shares |   |   | (32,490 | )      |   |   | (33,772 | ) |
|                                                                                                      |   |   |    |   |   |   |   |   |
|      Average shares                                                              |   |   | 395,014 |   |   |   | 393,732 |   |
|                                                                                                      |   |   |    |   |   |   |   |   |
| Earnings per common share                                                                                 |   | $      | .53     |   |   | $      | .18 |   |

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|                                                                    |   |          |     |   | Current |   |    |          |   |
|-------------------------------------------------------------------------|--------|---------------|----------|--------|---------|--------|---------|---------------|--------|
|                                                                    |   | Balance at    |     |   | Period  |   |    | Balance at    |   |
|                                                                    |   | June 30, 2010 |     |   | Change  |   |    | June 30, 2011 |   |
|                                                                    |   |          |     |   |    |   |    |          |   |
| Unrealized gains (losses) on                                            |   |          |     |   |    |   |    |          |   |
|   securities available for sale                               |   | $             | 8,933    |   |    | $      | (5,460  | )             |   | $ | 3,473 |   |
| Unrealized loss and unamortized                                         |   |          |     |   |    |   |    |          |   |   |   |   |
|   prior service cost on defined                               |   |          |     |   |    |   |    |          |   |   |   |   |
|   benefit pension plan                                        |   |          | (498,146 | )      |    |   | 172,892 |          |   |   | (325,254 | ) |
| Unamortized prior service cost                                          |   |          |     |   |    |   |    |          |   |   |   |   |
|   on supplemental retirement plan                             |   |          | (10,929  | )      |    |   | 7,288   |          |   |   | (3,641 | ) |
|                                                                    |   |          |     |   |    |   |    |          |   |   |   |   |
|            Total |   | $             | (500,142 | )      |    | $      | 174,720 |          |   | $ | (325,422 | ) |

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|                                                                           |   | 2011   |       |   | 2010   |   |
|--------------------------------------------------------------------------------|--------|--------|------------|--------|--------|--------|
| ASSETS                                                                         |   |   |       |   |   |   |
| Cash and cash equivalents                                                      |   | $      | 1,252,347  |   |   | $      | 1,347,434 |   |
| Investment in banking subsidiary                                               |   |   | 9,358,903  |   |   |   | 8,880,476 |   |
| Loan receivable from ESOP                                                      |   |   | 329,365    |   |   |   | 342,000 |   |
| Other assets                                          |   |   | 55,858     |   |   |   | 17,368 |   |
|                                                                           |   |   |       |   |   |   |   |   |
|      Total assets                                     |   | $      | 10,996,473 |   |   | $      | 10,587,278 |   |
|                                                                           |   |   |       |   |   |   |   |   |
| LIABILITIES AND EQUITY                                                         |   |   |       |   |   |   |   |   |
| Accrued expenses and other liabilities                                         |   | $      | 6,008      |   |   | $      | 2,961 |   |
| ESOP repurchase obligation                                                     |   |   | 22,230     |   |   |   | - |   |
| Shareholders’ equity                                                     |   |   | 10,968,235 |   |   |   | 10,584,317 |   |
|                                                                           |   |   |       |   |   |   |   |   |
|      Total liabilities and shareholders’ equity |   | $      | 10,996,473 |   |   | $      | 10,587,278 |   |

|                                        |   | 2011   |     |   | 2010   |   |
|---------------------------------------------|--------|--------|----------|--------|--------|--------|
|                                        |   |   |     |   |   |   |
| Interest income                             |   | $      | 13,409   |   |   | $      | 6,277 |   |
| Other expense                               |   |   | 122,987  |   |   |   | 41,803 |   |
| Loss before income tax and                  |   |   |     |   |   |   |   |   |
|   undistributed subsidiary income |   |   | (109,578 | )      |   |   | (35,526 | ) |
| Income tax benefit                          |   |   | 37,300   |   |   |   | 12,100 |   |
| Equity in undistributed subsidiary income   |   |   | 283,138  |   |   |   | 95,112 |   |
|                                        |   |   |     |   |   |   |   |   |
| Net income                                  |   | $      | 210,860  |   |   | $      | 71,686 |   |

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|                                                                                                                         |   | 2011   |      |   | 2010   |   |
|------------------------------------------------------------------------------------------------------------------------------|--------|--------|-----------|--------|--------|--------|
| Cash flows from operating activities                                                                                    |   |   |      |   |   |   |
|      Net income                                                                                     |   | $      | 210,860   |   |   | $      | 71,686 |   |
|      Adjustments:                                                                                   |   |   |      |   |   |   |   |   |
|           Equity in undistributed subsidiary income                        |   |   | (283,138  | )      |   |   | (95,112 | ) |
|           Change in other assets                                           |   |   | (38,490   | )      |   |   | (17,368 | ) |
|           Change in other liabilities                                      |   |   | 3,046     |   |   |   | 2,961 |   |
|                Net cash from operating activities |   |   | (107,722  | )      |   |   | (37,833 | ) |
|                                                                                                                         |   |   |      |   |   |   |   |   |
| Cash flows from investing activities                                                                                         |   |   |      |   |   |   |   |   |
|      Purchase of stock in Versailles Savings and Loan Company                                       |   |   | -         |   |   |   | (1,381,464 | ) |
|      ESOP loan repayment                                                                            |   |   | 12,635    |   |   |   | - |   |
|      Loan to ESOP                                                                                   |   |   | -         |   |   |   | (342,000 | ) |
|                Net cash from investing activities |   |   | 12,635    |   |   |   | (1,723,464 | ) |
|                                                                                                                         |   |   |      |   |   |   |   |   |
| Cash flows from financing activities                                                                                         |   |   |      |   |   |   |   |   |
|      Proceeds from stock issue                                                                      |   |   | -         |   |   |   | 3,108,731 |   |
|                Net cash from financing activities |   |   | -         |   |   |   | 3,108,731 |   |
|                                                                                                                         |   |   |      |   |   |   |   |   |
| Net change in cash and cash equivalents                                                                                      |   |   | (95,087   | )      |   |   | 1,347,434 |   |
|                                                                                                                         |   |   |      |   |   |   |   |   |
| Beginning cash and cash equivalents                                                                                          |   |   | 1,347,434 |   |   |   | - |   |
|                                                                                                                         |   |   |      |   |   |   |   |   |
| Ending cash and cash equivalents                                                                                             |   | $      | 1,252,347 |   |   | $      | 1,347,434 |   |

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| ITEM 9. | Changes in and Disagreements With Accountants on Accounting and Financial Disclosure |
|---------|--------------------------------------------------------------------------------------|

| ITEM 9A. | Controls and Procedures |
|----------|-------------------------|

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| ITEM 9B. | Other Information |
|----------|-------------------|

T

| ITEM 10. | Directors, Executive Officers and Corporate Governance |
|----------|--------------------------------------------------------|

| ITEM 11. | Executive Compensation |
|----------|------------------------|

| ITEM 12. | Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters |
|----------|------------------------------------------------------------------------------------------------|

| ITEM 13. | Certain Relationships and Related Transactions, and Director Independence |
|----------|---------------------------------------------------------------------------|

| ITEM 14. | Principal Accountant Fees and Services |
|----------|----------------------------------------|

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R

| ITEM 15. | Exhibits and Financial Statement Schedules |
|----------|--------------------------------------------|

|   | 3.1 | Articles of Incorporation of Versailles Financial Corporation** |
|--------|-----|-----------------------------------------------------------------|

|   | 3.2 | Bylaws of Versailles Financial Corporation** |
|--------|-----|----------------------------------------------|

|   | 4 | Form of Common Stock Certificate of Versailles Financial Corporation* |
|--------|---|-----------------------------------------------------------------------|

|   | 10.1 | Employee Stock Ownership Plan* |
|--------|------|--------------------------------|

|   | 10.2 | Versailles Savings and Loan Company Deferred Compensation Plan* |
|--------|------|-----------------------------------------------------------------|

|   | 10.3 | First Amendment to Versailles Savings and Loan Company Deferred Compensation Plan* |
|--------|------|------------------------------------------------------------------------------------|

|   | 10.4  | 2005 Sub-Plan to Versailles Savings and Loan Company Deferred Compensation Plan* |
|--------|------------|----------------------------------------------------------------------------------|

|   | 10.5 | First Amendment to 2005 Sub-Plan to Versailles Savings and Loan Company Deferred Compensation Plan* |
|--------|------|-----------------------------------------------------------------------------------------------------|

|   | 10.6 | Trust Agreement for Versailles Savings and Loan Company Deferred Compensation Plan and 2005 Sub-Plan to Versailles Savings and Loan Company Deferred Compensation Plan* |
|--------|------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 10.8 | Employment Agreement by and between Versailles Savings and Loan Company and Douglas P. Ahlers*** |
|--------|------|--------------------------------------------------------------------------------------------------|

|   | 10.9 | Employment Agreement by and between Versailles Savings and Loan Company and Cheryl J. Leach*** |
|--------|------|------------------------------------------------------------------------------------------------|

|   | 21 | Subsidiaries of Registrant* |
|--------|----|-----------------------------|

|   | 31.1 | Certification of Chief Executive Officer pursuant to Rule 13a-14(a) of the Securities Exchange Act of 1934, as amended, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 |
|--------|------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 31.2 | Certification of Chief Financial Officer pursuant to Rule 13a-14(a) of the Securities Exchange Act of 1934, as amended, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 |
|--------|------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 32 | Certification of Chief Executive Officer and Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 |
|--------|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| * | Incorporated by reference to the Registration Statement on Form S-1 of Versailles Financial Corporation (File No. 333-161968), filed with the Securities and Exchange Commission on September 17, 2009. |
|---|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ** | Incorporated by reference to the Registration Statement on Form S-1/A of Versailles Financial Corporation (File No. 333-161968), filed with the Securities and Exchange Commission on November 3, 2009. |
|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| *** | Incorporated by reference to the Form 8-K of Versailles Financial Corporation (File No. 000-53870), filed with the Securities and Exchange Commission on January 11, 2010. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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N

|                     | VERSAILLES FINANCIAL CORPORATION |
|--------------------------|----------------------------------|
|                     |                             |   |
|                     |                             |   |
| Date: September 28, 2011 | By:                              | /s/ Douglas P. Ahlers |
|                     |                             | Douglas P. Ahlers |
|                     |                             | President and Chief Executive Officer |
|                     |                             |  (Duly Authorized Representative) |

| Signatures                |   | Title                                                                                             |   | Date          |
|---------------------------|--------|---------------------------------------------------------------------------------------------------|--------|--------------------|
| /s/ Douglas P. Ahlers     |   | President, Chief Executive Officer and Director (Principal Executive Officer)                     |   | September 28, 2011 |
| Douglas P. Ahlers         |   |                                                                                              |   |               |
|                      |   |                                                                                              |   |               |
| /s/ Cheryl J. Leach       |   | Executive Vice President and Chief Financial Officer (Principal Financial and Accounting Officer) |   | September 28, 2011 |
| Cheryl J. Leach           |   |                                                                                              |   |               |
|                      |   |                                                                                              |   |               |
| /s/ Edward L. Borchers    |   | Director                                                                                          |   | September 28, 2011 |
| Edward L. Borchers        |   |                                                                                              |   |               |
|                      |   |                                                                                              |   |               |
| /s/ Kevin J. Drees        |   | Director                                                                                          |   | September 28, 2011 |
| Kevin J. Drees            |   |                                                                                              |   |               |
|                      |   |                                                                                              |   |               |
| /s/ Thomas L. Guillozet   |   | Director                                                                                          |   | September 28, 2011 |
| Thomas L. Guillozet  |   |                                                                                              |   |               |
| /s/James C. Poeppelman    |   | Director                                                                                          |   | September 28, 2011 |
| James C. Poeppelman  |   |                                                                                              |   |               |

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Table of Contents

| 31.1 | Certification of Chief Executive Officer pursuant to Rule 13a-14(a) of the Securities Exchange Act of 1934, as amended, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 |
|------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 31.2 | Certification of Chief Financial Officer pursuant to Rule 13a-14(a) of the Securities Exchange Act of 1934, as amended, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 |
|------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 32 | Certification of Chief Executive Officer and Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 |
|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|