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Securities Available For Sale | 6 Months Ended
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Dec. 31, 2016
Investments, Debt and Equity Securities [Abstract] |
Securities Available For Sale | Securities Available for Sale Securities available for sale consist of the following at the dates indicated:
| December 31, 2016
| Amortized Cost |  | Gross Unrealized Gains |  | Gross Unrealized Losses |  | Estimated Fair Value
U.S. Government Agencies | $ | 72,885 |  |  | $ | 221 |  |  | $ | (419 | ) |  | $ | 72,687 |
Residential Mortgage-backed Securities of U.S. Government |  |  |  |  |  |  |  |  |  |  |
Agencies and Government-Sponsored Enterprises | 82,420 |  |  | 283 |  |  | (421 | ) |  | 82,282 |
Municipal Bonds | 17,953 |  |  | 431 |  |  | (59 | ) |  | 18,325 |
Corporate Bonds | 7,719 |  |  | 100 |  |  | (127 | ) |  | 7,692 |
Equity Securities | 63 |  |  | — |  |  | — |  |  | 63 |
Total | $ | 181,040 |  |  | $ | 1,035 |  |  | $ | (1,026 | ) |  | $ | 181,049 |
| June 30, 2016
| Amortized Cost |  | Gross Unrealized Gains |  | Gross Unrealized Losses |  | Estimated Fair Value
U.S. Government Agencies | $ | 77,356 |  |  | $ | 624 |  |  | $ | — |  |  | $ | 77,980 |
Residential Mortgage-backed Securities of U.S. Government |  |  |  |  |  |  |  |  |  |  |
Agencies and Government-Sponsored Enterprises | 95,668 |  |  | 1,824 |  |  | (84 | ) |  | 97,408 |
Municipal Bonds | 16,242 |  |  | 992 |  |  | — |  |  | 17,234 |
Corporate Bonds | 7,773 |  |  | 194 |  |  | — |  |  | 7,967 |
Equity Securities | 63 |  |  | — |  |  | — |  |  | 63 |
Total | $ | 197,102 |  |  | $ | 3,634 |  |  | $ | (84 | ) |  | $ | 200,652 |
Debt securities available for sale by contractual maturity at the dates indicated are shown below. Mortgage-backed securities are not included in the maturity categories because the borrowers in the underlying pools may prepay without penalty; therefore, it is unlikely that the securities will pay at their stated maturity schedule.
| December 31, 2016
| Amortized Cost |  | Estimated Fair Value
Due within one year | $ | 903 |  |  | $ | 904 |
Due after one year through five years | 75,809 |  |  | 75,663 |
Due after five years through ten years | 18,013 |  |  | 18,276 |
Due after ten years | 3,832 |  |  | 3,861 |
Mortgage-backed securities | 82,420 |  |  | 82,282 |
Total | $ | 180,977 |  |  | $ | 180,986 |
The Company had no sales of securities available for sale during the three and six months ended December 31, 2016 and 2015. Securities available for sale with costs totaling $135,556 and $151,359 with market values of $135,733 and $154,132 at December 31, 2016 and June 30, 2016, respectively, were pledged as collateral to secure various public deposits and other borrowings. The gross unrealized losses and the fair value for securities available for sale aggregated by the length of time that individual securities have been in a continuous unrealized loss position as of December 31, 2016 and June 30, 2016 were as follows:
| December 31, 2016
| Less than 12 Months |  | 12 Months or More |  | Total
| Fair Value |  | Unrealized Losses |  | Fair Value |  | Unrealized Losses |  | Fair Value |  | Unrealized Losses
U.S. Government Agencies | $ | 48,047 |  |  | $ | (419 | ) |  | $ | — |  |  | $ | — |  |  | $ | 48,047 |  |  | $ | (419 | )
Residential Mortgage-backed Securities of U.S. Government Agencies and Government-Sponsored Enterprises | 44,958 |  |  | (358 | ) |  | 4,156 |  |  | (63 | ) |  | 49,114 |  |  | (421 | )
Municipal Bonds | 5,042 |  |  | (59 | ) |  | — |  |  | — |  |  | 5,042 |  |  | (59 | )
Corporate Bonds | — |  |  | — |  |  | 3,738 |  |  | (127 | ) |  | 3,738 |  |  | (127 | )
Total | $ | 98,047 |  |  | $ | (836 | ) |  | $ | 7,894 |  |  | $ | (190 | ) |  | $ | 105,941 |  |  | $ | (1,026 | )
| June 30, 2016
| Less than 12 Months |  | 12 Months or More |  | Total
| Fair Value |  | Unrealized Losses |  | Fair Value |  | Unrealized Losses |  | Fair Value |  | Unrealized Losses
Residential Mortgage-backed Securities of U.S. Government Agencies and Government-Sponsored Enterprises | $ | 1,970 |  |  | $ | (20 | ) |  | $ | 6,040 |  |  | $ | (64 | ) |  | $ | 8,010 |  |  | $ | (84 | )
Total | $ | 1,970 |  |  | $ | (20 | ) |  | $ | 6,040 |  |  | $ | (64 | ) |  | $ | 8,010 |  |  | $ | (84 | )
The total number of securities with unrealized losses at December 31, 2016, and June 30, 2016 were 131 and 44, respectively. Unrealized losses on securities have not been recognized in income because management has the intent and ability to hold the securities for the foreseeable future, and has determined that it is not more likely than not that the Company will be required to sell the securities prior to a recovery in value. The decline in fair value was largely due to increases in market interest rates. The Company had no other than temporary impairment losses during the three and six months ended December 31, 2016 or the year ended June 30, 2016. As a requirement for membership, the Bank invests in stock of the FHLB of Atlanta and the Federal Reserve Bank of Richmond ("FRB"). No ready market exists for this stock and the carrying value approximates its fair value based on the redemption provisions of the FHLB of Atlanta and the FRB.

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