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Derivative and Other Financial Instruments with Off-Balance Sheet Risks (Tables) | 12 Months Ended
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Jun. 30, 2017
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, 2017 | June 30, 2016
(Dollars In Thousands) |  |
Undisbursed loan funds – Construction loans | $ | 9,015 |  | $ | 11,258 |
Undisbursed lines of credit – Mortgage loans | — |  | 20 |
Undisbursed lines of credit – Commercial business loans | 646 |  | 821 |
Undisbursed lines of credit – Consumer loans | 562 |  | 674 |
Commitments to extend credit on loans to be held for investment | 19,119 |  | 9,955 |
Total | $ | 29,342 |  | $ | 22,728 |
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, 2017 and 2016 :
| For the Year Ended June 30,
(In Thousands) | 2017 | 2016
Balance, beginning of the year | $ | 204 |  | $ | 76 |
Provision | 73 |  | 128 |
Balance, end of the year | $ | 277 |  | $ | 204 |
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, 2017, 2016 and 2015 was as follows:
(In Thousands) | For the Year Ended June 30,
Derivative Financial Instruments | 2017 | 2016 | 2015
Commitments to extend credit on loans to be held for sale | $ | (2,976 | ) | $ | 2,286 |  | $ | (1,067 | )
Mandatory loan sale commitments and TBA MBS trades | 3,782 |  | (3,937 | ) | 2,169 |
Option contracts | 260 |  | (112 | ) | (168 | )
Total net gain (loss) | $ | 1,066 |  | $ | (1,763 | ) | $ | 934 |
Schedule of Outstanding Derivative Instruments | The outstanding derivative financial instruments at the dates indicated were as follows:
(In Thousands) | June 30, 2017 |  | June 30, 2016
Derivative Financial Instruments | Amount | Fair Value |  | Amount | Fair Value
Commitments to extend credit on loans to be held for sale(1) | $ | 92,726 |  | $ | 809 |  |  | $ | 181,780 |  | $ | 3,785 |
Best efforts loan sale commitments | (17,225 | ) | — |  |  | (29,576 | ) | — |
Mandatory loan sale commitments and TBA MBS trades | (179,777 | ) | 586 |  |  | (302,727 | ) | (3,196 | )
Option contracts | (3,000 | ) | 37 |  |  | (5,000 | ) | — |
Total | $ | (107,276 | ) | $ | 1,432 |  |  | $ | (155,523 | ) | $ | 589 |
(1) | Net of 25.7% at June 30, 2017 and 37.5% at June 30, 2016 of commitments, which management has estimated may not fund.

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- Definition Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -URI http://asc.fasb.org/extlink&oid=64837297&loc=SL5624171-113959 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4A -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=64837297&loc=SL5618551-113959 + Details
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