XML 76 R12.htm IDEA: XBRL DOCUMENT
v2.4.0.6

Note 5: Investment Securities | 3 Months Ended
--- | ---
Dec. 31, 2012
Notes |
Note 5: Investment Securities | Note 5: Investment Securities The amortized cost and estimated fair value of investment securities as of December 31, 2012 and June 30, 2012 were as follows:
|  | Gross |  | Gross |  | Estimated |
| Amortized | Unrealized |  | Unrealized |  | Fair | Carrying
| Cost | Gains |  | (Losses) |  | Value | Value
December 31, 2012 |  |  |  |  |  |  |  |  |
(In Thousands) |  |  |  |  |  |  |  |  |
Available for sale |  |  |  |  |  |  |  |  |
U.S. government agency MBS (1) | $11,157 |  | $443 |  | $- |  | $11,600 |  | $11,600
U.S. government sponsored |  |  |  |  |  |  |  |  |
enterprise MBS | 7,960 |  | 468 |  | - |  | 8,428 |  | 8,428
Private issue CMO (2) | 1,162 |  | - |  | (6) |  | 1,156 |  | 1,156
Total investment securities | $20,279 |  | $911 |  | $(6) |  | $21,184 |  | $21,184
|  | Gross |  | Gross |  | Estimated |
| Amortized | Unrealized |  | Unrealized |  | Fair | Carrying
| Cost | Gains |  | (Losses) |  | Value | Value
June 30, 2012 |  |  |  |  |  |  |  |  |
(In Thousands) |  |  |  |  |  |  |  |  |
Available for sale |  |  |  |  |  |  |  |  |
U.S. government agency MBS | $11,854 |  | $460 |  | $- |  | $12,314 |  | $12,314
U.S. government sponsored |  |  |  |  |  |  |  |  |
enterprise MBS | 8,850 |  | 492 |  | - |  | 9,342 |  | 9,342
Private issue CMO | 1,243 |  | 4 |  | (5) |  | 1,242 |  | 1,242
Total investment securities | $21,947 |  | $956 |  | $(5) |  | $22,898 |  | $22,898
(1) Mortgage-Backed Securities (“MBS”). (2) Collateralized Mortgage Obligations (“CMO”). In the second quarter of fiscal 2013 and 2012, the Corporation received MBS principal payments of $905,000 and $1.1 million, respectively, and did not purchase or sell investment securities. The Corporation evaluates individual investment securities quarterly for other-than-temporary declines in market value. As of December 31, 2012 and June 30, 2012, the gross unrealized holding losses relate to one adjustable rate private issue CMO which has been in an unrealized loss position for more than 12 months. The unrealized holding losses were primarily the result of perceived credit and liquidity concerns of privately issued CMO investment securities. Based on the nature of the investments, management concluded that such unrealized losses were not other than temporary as of December 31, 2012 and June 30, 2012. The Bank does not believe that there are any other-than-temporary impairments at December 31, 2012 and 2011; therefore, no impairment losses have been recorded for the quarter ended December 31, 2012 and 2011. The Corporation intends and has the ability to hold these CMO investment securities until maturity and will not likely be required to sell the CMO investment securities before realizing a full recovery. Contractual maturities of investment securities as of December 31, 2012 and June 30, 2012 were as follows:
| December 31, 2012 |  | June 30, 2012
|  |  | Estimated |  |  |  | Estimated
| Amortized |  | Fair |  | Amortized |  | Fair
| Cost |  | Value |  | Cost |  | Value
(In Thousands) |  |  |  |  |  |  |
Available for sale |  |  |  |  |  |  |
Due in one year or less | $- |  | $- |  | $- |  | $-
Due after one through five years | - |  | - |  | - |  | -
Due after five through ten years | - |  | - |  | - |  | -
Due after ten years | 20,279 |  | 21,184 |  | 21,947 |  | 22,898
Total investment securities | $20,279 |  | $21,184 |  | $21,947 |  | $22,898

X
- Details
Name: | us-gaap_DisclosureTextBlockAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for investments in certain debt and equity securities. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=6872113&loc=d3e27405-111563 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 30 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6379141&loc=d3e15032-111544 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 115 -Paragraph 3, 19, 20, 21, 22, 137 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 320 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6957658&loc=d3e62557-112803 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -Glossary Equity Security -URI http://asc.fasb.org/extlink&oid=6511694 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -Glossary Debt Security -URI http://asc.fasb.org/extlink&oid=6509901 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6872113&loc=d3e27232-111563 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=6872113&loc=d3e27357-111563 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6872113&loc=d3e27161-111563 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=6872113&loc=d3e27290-111563 + Details
Name: | us-gaap_InvestmentsInDebtAndMarketableEquitySecuritiesAndCertainTradingAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration