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Securities Held to Maturity

3 Months Ended

Sep. 30, 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 September 30, 2019 and June 30, 2019 and stratification by contractual maturity of debt securities held to maturity at September 30, 2019 are presented below:

	September 30, 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	$	37,888			$	802			$	7			$	38,683
Total debt securities	$	37,888			$	802			$	7			$	38,683
Total securities held to maturity	$	37,888			$	802			$	7			$	38,683

	September 30, 2019
	Amortized Cost				Fair Value
	(In Thousands)
Debt securities held to maturity:
Due in one year or less	$	6,155			$	6,159
Due after one year through five years		19,931				20,203
Due after five years through ten years		11,802				12,321
Total	$	37,888			$	38,683

	June 30, 2019
	Amortized Cost				Gross Unrecognized Gains				Gross Unrecognized Losses				Fair Value
	(In Thousands)
Securities held to maturity:
Debt securities:
Obligations of state and political subdivisions	$	104,086			$	1,787			$	16			$	105,857
Corporate bonds		63,086				914				-				64,000
Total debt securities		167,172				2,701				16				169,857
Mortgage-backed securities:
Collateralized mortgage obligations (1)		46,370				568				168				46,770
Residential pass-through securities (1)		166,283				1,961				518				167,726
Commercial pass-through securities (1)		196,816				3,504				6				200,314
Non-agency securities		11				-				-				11
Total mortgage-backed securities		409,480				6,033				692				414,821
Total securities held to maturity	$	576,652			$	8,734			$	708			$	584,678

(1) Government-sponsored enterprises.

There were no sales of securities held to maturity during the three months ended September 30, 2019 and September 30, 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:

					September 30,				June 30,
					2019				2019
					(In Thousands)
Held to maturity securities pledged:
Pledged for borrowings at the FHLB of New York					$	-			$	136,696
Pledged to secure public funds on deposit						-				7,023
Pledged for potential borrowings at the Federal Reserve Bank of New York						37,888				103,419
Pledged for collateral for depositor sweep accounts						-				12,884
Total held to maturity securities pledged					$	37,888			$	260,022

X

- Definition

The entire disclosure for investments in certain debt and equity securities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 320
-URI http://asc.fasb.org/subtopic&trid=2209399

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 946
-SubTopic 320
-URI http://asc.fasb.org/subtopic&trid=2324412

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 320
-URI http://asc.fasb.org/topic&trid=2196928

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 940
-SubTopic 320
-URI http://asc.fasb.org/subtopic&trid=2176304

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