Investment Securities (Tables)

6 Months Ended

Dec. 31, 2015

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



December 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
U.S. government sponsored enterprise MBS ⁽¹⁾	10,163		—		(34		)	10,129		10,163
Total investment securities - held to maturity	$	10,963	$	—	$	(34	)	$	10,929	$	10,963

Available for sale:
U.S. government agency MBS	$	7,025	$	229	$	—		$	7,254	$	7,254
U.S. government sponsored enterprise MBS	4,385		242		—			4,627		4,627
Private issue CMO ⁽²⁾	647		7		—			654		654
Common stock - community development financial institution	250		—		(107		)	143		143
Total investment securities - available for sale	$	12,307	$	478	$	(107	)	$	12,678	$	12,678
Total investment securities	$	23,270	$	478	$	(141	)	$	23,607	$	23,641


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


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



June 30, 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	$	7,613	$	293	$	—		$	7,906	$	7,906
U.S. government sponsored enterprise MBS	5,083		304		—			5,387		5,387
Private issue CMO	708		9		—			717		717
Common stock - community development financial institution	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

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



	December 31, 2015				June 30, 2015
(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	10,163		10,129		—		—
Due after ten years	—		—		—		—
Total investment securities - held to maturity	$	10,963	$	10,929	$	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	12,057		12,535		13,404		14,010
No stated maturity (common stock)	250		143		250		151
Total investment securities - available for sale	$	12,307	$	12,678	$	13,654	$	14,161
Total investment securities	$	23,270	$	23,607	$	14,454	$	14,961