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Securities Held to Maturity | 9 Months Ended
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Mar. 31, 2019
Securities Held to Maturity [Member] |
Schedule Of Held To Maturity Securities [Line Items] |
Securities | 8. SECURITIES HELD TO MATURITY The amortized cost, gross unrecognized gains and losses and fair values of debt and mortgage-backed securities held to maturity at March 31, 2019 and June 30, 2018 and stratification by contractual maturity of debt securities held to maturity at March 31, 2019 are presented below:
| March 31, 2019 |
| Amortized Cost |  |  | Gross Unrecognized Gains |  |  | Gross Unrecognized Losses |  |  | Fair Value |
| (In Thousands) |
Investment securities held to maturity: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Debt securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Obligations of state and political subdivisions | $ | 107,375 |  |  | $ | 906 |  |  | $ | 180 |  |  | $ | 108,101 |
Subordinated debt |  | 63,107 |  |  |  | 152 |  |  |  | 191 |  |  |  | 63,068 |
Total debt securities |  | 170,482 |  |  |  | 1,058 |  |  |  | 371 |  |  |  | 171,169 |
Mortgage-backed securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Collateralized mortgage obligations |  | 49,368 |  |  |  | 158 |  |  |  | 298 |  |  |  | 49,228 |
Residential pass-through securities |  | 174,338 |  |  |  | 848 |  |  |  | 1,625 |  |  |  | 173,561 |
Commercial pass-through securities |  | 198,011 |  |  |  | 1,030 |  |  |  | 185 |  |  |  | 198,856 |
Total mortgage-backed securities |  | 421,717 |  |  |  | 2,036 |  |  |  | 2,108 |  |  |  | 421,645 |
Total securities held to maturity | $ | 592,199 |  |  | $ | 3,094 |  |  | $ | 2,479 |  |  | $ | 592,814 |
| March 31, 2019 |
| Amortized Cost |  |  | Fair Value |
| (In Thousands) |
Debt securities held to maturity: |  |  |  |  |  |  |
Due in one year or less | $ | 9,692 |  |  | $ | 9,675 |
Due after one year through five years |  | 31,293 |  |  |  | 31,286 |
Due after five years through ten years |  | 126,502 |  |  |  | 127,160 |
Due after ten years |  | 2,995 |  |  |  | 3,048 |
Total | $ | 170,482 |  |  | $ | 171,169 |
| June 30, 2018 |
| Amortized Cost |  |  | Gross Unrecognized Gains |  |  | Gross Unrecognized Losses |  |  | Fair Value |
| (In Thousands) |
Securities held to maturity: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Debt securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Obligations of state and political subdivisions | $ | 109,483 |  |  | $ | 79 |  |  | $ | 1,865 |  |  | $ | 107,697 |
Subordinated debt |  | 46,294 |  |  |  | 37 |  |  |  | 284 |  |  |  | 46,047 |
Total debt securities |  | 155,777 |  |  |  | 116 |  |  |  | 2,149 |  |  |  | 153,744 |
Mortgage-backed securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Collateralized mortgage obligations: |  | 56,886 |  |  |  | 6 |  |  |  | 1,348 |  |  |  | 55,544 |
Residential pass-through securities: |  | 200,622 |  |  |  | 19 |  |  |  | 4,005 |  |  |  | 196,636 |
Commercial pass-through securities: |  | 176,445 |  |  |  | - |  |  |  | 2,870 |  |  |  | 173,575 |
Total mortgage-backed securities |  | 433,953 |  |  |  | 25 |  |  |  | 8,223 |  |  |  | 425,755 |
Total securities held to maturity | $ | 589,730 |  |  | $ | 141 |  |  | $ | 10,372 |  |  | $ | 579,499 |
There were no sales of securities held to maturity during the three and nine months ended March 31, 2019 and March 31, 2018. Securities held to maturity pledged for borrowings at the FHLB and other institutions, and securities pledged for public funds and other purposes, were as follows as of the dates presented below:
|  |  |  |  | March 31, |  |  | June 30, |
|  |  |  |  | 2019 |  |  | 2018 |
|  |  |  |  | (In Thousands) |
Held to maturity securities pledged: |  |  |  |  |  |  |  |  |  |  |
Pledged for borrowings at the FHLB of New York |  |  |  |  | $ | 135,046 |  |  | $ | 142,646 |
Pledged to secure public funds on deposit |  |  |  |  |  | 7,071 |  |  |  | 7,604 |
Pledged for potential borrowings at the Federal Reserve Bank of New York |  |  |  |  |  | 104,744 |  |  |  | 107,520 |
Pledged for collateral for depositor sweep accounts |  |  |  |  |  | 27,811 |  |  |  | 25,976 |
Total held to maturity securities pledged |  |  |  |  | $ | 274,672 |  |  | $ | 283,746 |

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