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Investment Securities | 12 Months Ended
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Jun. 30, 2015
Investments, Debt and Equity Securities [Abstract] |
Investment Securities | Investment Securities The amortized cost and estimated fair value of investment securities as of June 30, 2015 and 2014 were as follows:
June 30, 2015 | Amortized Cost | Gross Unrealized Gains | Gross Unrealized (Losses) | Estimated Fair Value | Carrying Value
(In Thousands) |  |  |  |  |
Held to maturity |  |  |  |  |
Certificate of deposits | $ | 800 |  | $ | — |  | $ | — |  | $ | 800 |  | $ | 800 |
Total investment securities - held to maturity | $ | 800 |  | $ | — |  | $ | — |  | $ | 800 |  | $ | 800 |
Available for sale |  |  |  |  |
U.S. government agency MBS | $ | 7,613 |  | $ | 293 |  | $ | — |  | $ | 7,906 |  | $ | 7,906 |
U.S. government sponsored enterprise MBS | 5,083 |  | 304 |  | — |  | 5,387 |  | 5,387 |
Private issue CMO(1) | 708 |  | 9 |  | — |  | 717 |  | 717 |
Common stock(2) | 250 |  | — |  | (99 | ) | 151 |  | 151 |
Total investment securities - available for sale | $ | 13,654 |  | $ | 606 |  | $ | (99 | ) | $ | 14,161 |  | $ | 14,161 |
Total investment securities | $ | 14,454 |  | $ | 606 |  | $ | (99 | ) | $ | 14,961 |  | $ | 14,961 |
(1) | Collateralized Mortgage Obligations (“CMO”)
(2) | Common stock of a community development financial institution.
June 30, 2014 | Amortized Cost | Gross Unrealized Gains | Gross Unrealized (Losses) | Estimated Fair Value | Carrying Value
(In Thousands) |  |  |  |  |
Held to maturity |  |  |  |  |
Certificate of deposits | $ | 800 |  | $ | — |  | $ | — |  | $ | 800 |  | $ | 800 |
Total investment securities - held to maturity | $ | 800 |  | $ | — |  | $ | — |  | $ | 800 |  | $ | 800 |
Available for sale |  |  |  |  |
U.S. government agency MBS | $ | 8,772 |  | $ | 337 |  | $ | — |  | $ | 9,109 |  | $ | 9,109 |
U.S. government sponsored enterprise MBS | 6,128 |  | 257 |  | — |  | 6,385 |  | 6,385 |
Private issue CMO(1) | 841 |  | 12 |  | — |  | 853 |  | 853 |
Total investment securities - available for sale | $ | 15,741 |  | $ | 606 |  | $ | — |  | $ | 16,347 |  | $ | 16,347 |
Total investment securities | $ | 16,541 |  | $ | 606 |  | $ | — |  | $ | 17,147 |  | $ | 17,147 |
(1) | Collateralized Mortgage Obligations (“CMO”)
In fiscal 2015, 2014 and 2013, the Corporation received MBS principal payments of $2.3 million, $2.9 million and $3.3 million, respectively, and did not purchase or sell investment securities, other than in fiscal 2015 when the Corporation participated in a community development financial institution's recapitalization and reinvested matured time deposits; and fiscal 2014 when the Corporation placed an $800,000 investment in time deposits at four minority-owned financial institutions to help fulfill the Company’s Community Reinvestment Act ("CRA") obligation. As of June 30, 2015, the Corporation held investments with unrealized loss position of $99,000. This compares to June 30, 2014 when the Corporation held investments with no unrealized loss position.
As of June 30, 2015 | Unrealized Holding Losses |  | Unrealized Holding Losses |  | Unrealized Holding Losses
(In Thousands) | Less Than 12 Months |  | 12 Months or More |  | Total
| Fair | Unrealized |  | Fair | Unrealized |  | Fair | Unrealized
Description of Securities | Value | Losses |  | Value | Losses |  | Value | Losses
Common stock(1) | $ | 151 |  | $ | 99 |  |  | $ | — |  | $ | — |  |  | $ | 151 |  | $ | 99 |
Total | $ | 151 |  | $ | 99 |  |  | $ | — |  | $ | — |  |  | $ | 151 |  | $ | 99 |
(1) | Common stock of a community development financial institution.
As of June 30, 2015, the unrealized holding loss was less than 12 months on the common stock, primarily the result of their financial results and a recent merger with another community development financial institution. Based on the nature of the investment, management concluded that such unrealized loss was not other than temporary as of June 30, 2015. The Corporation does not believe that there is any OTTI at June 30, 2015 and 2014; and no OTTI have been recorded for fiscal 2015, 2014 and 2013. The Corporation intends and has the ability to hold the common stock and will not likely be required to sell the common stock before realizing a full recovery. Contractual maturities of investment securities as of June 30, 2015 and 2014 were as follows:
| June 30, 2015 |  | June 30, 2014
(In Thousands) | Amortized Cost | Estimated Fair Value |  | Amortized Cost | Estimated Fair Value
Held to maturity |  |  |  |  |
Due in one year or less | $ | 800 |  | $ | 800 |  |  | $ | 800 |  | $ | 800 |
Due after one through five years | — |  | — |  |  | — |  | — |
Due after five through ten years | — |  | — |  |  | — |  | — |
Due after ten years | — |  | — |  |  | — |  | — |
Total investment securities - held to maturity | $ | 800 |  | $ | 800 |  |  | $ | 800 |  | $ | 800 |
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 | 13,404 |  | 14,010 |  |  | 15,741 |  | 16,347 |
No stated maturity (common stock) | 250 |  | 151 |  |  | — |  | — |
Total investment securities - available for sale | $ | 13,654 |  | $ | 14,161 |  |  | $ | 15,741 |  | $ | 16,347 |
Total investment securities | $ | 14,454 |  | $ | 14,961 |  |  | $ | 16,541 |  | $ | 17,147 |

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