Investment Securities (Tables)

9 Months Ended

Mar. 31, 2015

The amortized cost and estimated fair value of investment securities as of March 31, 2015 and June 30, 2014 were as follows:



March 31, 2015	Amortized Cost		Gross Unrealized Gains		Gross Unrealized (Losses)		Estimated Fair Value		Carrying Value
(In Thousands)
Held to maturity:
Certificates of deposit	$	800	$	—	$	—	$	800	$	800
Total investment securities - held to maturity	$	800	$	—	$	—	$	800	$	800

Available for sale:
U.S. government agency MBS ⁽¹⁾	$	7,944	$	288	$	—	$	8,232	$	8,232
U.S. government sponsored enterprise MBS	5,398		330		—		5,728		5,728
Private issue CMO ⁽²⁾	771		5		—		776		776
Common stock - community development financial institution	250		—		—		250		250
Total investment securities - available for sale	$	14,363	$	623	$	—	$	14,986	$	14,986
Total investment securities	$	15,163	$	623	$	—	$	15,786	$	15,786


⁽¹⁾	Mortgage-Backed Securities (“MBS”).


⁽²⁾	Collateralized Mortgage Obligations (“CMO”).



June 30, 2014	Amortized Cost		Gross Unrealized Gains		Gross Unrealized (Losses)		Estimated Fair Value		Carrying Value
(In Thousands)
Held to maturity:
Certificates of deposit	$	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	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

Contractual maturities of investment securities as of March 31, 2015 and June 30, 2014 were as follows:



	March 31, 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	14,113		14,736		15,741		16,347
No stated maturity (common stock)	250		250		—		—
Total investment securities - available for sale	$	14,363	$	14,986	$	15,741	$	16,347
Total investment securities	$	15,163	$	15,786	$	16,541	$	17,147