Investment Securities (Tables)

12 Months Ended

Jun. 30, 2015

Investments, Debt and Equity Securities [Abstract]

Schedule of Available-for-sale Securities Reconciliation

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”)

Schedule of Investments with Unrealized Loss Position

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.

Investments Classified by Contractual Maturity

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