Investment Securities (Tables)

9 Months Ended

Mar. 31, 2016

The amortized cost and estimated fair value of investment securities as of March 31, 2016 and June 30, 2015 were as follows:



March 31, 2016	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⁾	20,214		149		—			20,363		20,214
Total investment securities - held to maturity	$	21,014	$	149	$	—		$	21,163	$	21,014

Available for sale:
U.S. government agency MBS	$	6,674	$	273	$	—		$	6,947	$	6,947
U.S. government sponsored enterprise MBS	4,219		231		—			4,450		4,450
Private issue CMO ⁽²⁾	615		3		(1		)	617		617
Common stock - community development financial institution	250		—		(103		)	147		147
Total investment securities - available for sale	$	11,758	$	507	$	(104	)	$	12,161	$	12,161
Total investment securities	$	32,772	$	656	$	(104	)	$	33,324	$	33,175


⁽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 March 31, 2016 and June 30, 2015 were as follows:



	March 31, 2016				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	20,214		20,363		—		—
Due after ten years	—		—		—		—
Total investment securities - held to maturity	$	21,014	$	21,163	$	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	11,508		12,014		13,404		14,010
No stated maturity (common stock)	250		147		250		151
Total investment securities - available for sale	$	11,758	$	12,161	$	13,654	$	14,161
Total investment securities	$	32,772	$	33,324	$	14,454	$	14,961