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Derivative and Other Financial Instruments with Off-Balance Sheet Risks (Tables)
 12 Months Ended
Jun. 30, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Undisbursed Funds Commitments
The following table provides information at the dates indicated regarding undisbursed funds to borrowers on existing lines of credit with the Corporation as well as commitments to originate loans to be held for investment at the dates indicated below:
Commitments
June 30,
2015
June 30,
2014
(Dollars In Thousands)
 
 
Undisbursed loan funds – Construction loans
$
3,359

$
1,090

Undisbursed lines of credit – Mortgage loans
414

616

Undisbursed lines of credit – Commercial business loans
822

1,222

Undisbursed lines of credit – Consumer loans
708

774

Commitments to extend credit on loans to be held for investment
4,745

2,247

Total
$
10,048

$
5,949
Schedule of Allowance for Loan Losses of Undisbursed Funds and Commitments on Loans Held for Investment
The following table provides information regarding the allowance for loan losses for the undisbursed funds and commitments to extend credit on loans to be held for investment for the years ended June 30, 2015 and 2014:
 
For the Year Ended
June 30,
(In Thousands)
2015
2014
Balance, beginning of the year
$
61

$
115

Provision (recovery)
15

(54
)
Balance, end of the year
$
76

$
61
Schedule of Impact of Derivative Financial Instruments on Gain on Sale of Loans
The net impact of derivative financial instruments on the gain on sale of loans contained in the Consolidated Statements of Operations for the years ended June 30, 2015, 2014 and 2013 was as follows:

(In Thousands)
For the Year Ended June 30,
Derivative Financial Instruments
2015
2014
2013
 
 
 
 
Commitments to extend credit on loans to be held for sale
$
(1,067
)
$
3,598

$
(5,013
)
Mandatory loan sale commitments and TBA MBS trades
2,169

(8,233
)
8,121

Option contracts
(168
)
(18
)
214

Total net gain (loss)
$
934

$
(4,653
)
$
3,322
Schedule of Outstanding Derivative Instruments
The outstanding derivative financial instruments at the dates indicated were as follows:
(In Thousands)
June 30, 2015
 
June 30, 2014
Derivative Financial Instruments
Amount
Fair
Value
 
Amount
Fair
Value
 
 
 
 
 
 
Commitments to extend credit on loans to be held for sale(1)
$
139,565

$
1,499

 
$
132,567

$
2,566

Best efforts loan sale commitments
(36,908
)
—

 
(18,069
)
—

Mandatory loan sale commitments and TBA MBS trades
(320,197
)
741

 
(258,021
)
(1,428
)
Option contracts
4,000

192

 
(10,000
)
—

Total
$
(213,540
)
$
2,432

 
$
(153,523
)
$
1,138


(1) 
Net of 26.9% at June 30, 2015 and 28.0% at June 30, 2014 of commitments, which management has estimated may not fund.