Investment Securities (Tables)

6 Months Ended

Dec. 31, 2016

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



December 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⁾	32,569		283		(2		)	32,850		32,569
Total investment securities - held to maturity	$	33,369	$	283	$	(2	)	$	33,650	$	33,369

Available for sale:
U.S. government agency MBS	$	5,698	$	217	$	—		$	5,915	$	5,915
U.S. government sponsored enterprise MBS	3,628		197		—			3,825		3,825
Private issue CMO ⁽²⁾	534		4		—			538		538
Total investment securities - available for sale	$	9,860	$	418	$	—		$	10,278	$	10,278
Total investment securities	$	43,229	$	701	$	(2	)	$	43,928	$	43,647


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


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



June 30, 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	39,179		459		—			39,638		39,179
Total investment securities - held to maturity	$	39,979	$	459	$	—		$	40,438	$	39,979

Available for sale:
U.S. government agency MBS	$	6,308	$	264	$	—		$	6,572	$	6,572
U.S. government sponsored enterprise MBS	3,998		225		—			4,223		4,223
Private issue CMO	598		4		(1		)	601		601
Common stock - community development financial institution	147		—		—			147		147
Total investment securities - available for sale	$	11,051	$	493	$	(1	)	$	11,543	$	11,543
Total investment securities	$	51,030	$	952	$	(1	)	$	51,981	$	51,522

Contractual maturities of investment securities as of December 31, 2016 and June 30, 2016 were as follows:



	December 31, 2016				June 30, 2016
(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	15,854		15,896		18,904		19,203
Due after ten years	16,715		16,954		20,275		20,435
Total investment securities - held to maturity	$	33,369	$	33,650	$	39,979	$	40,438

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	9,860		10,278		10,904		11,396
No stated maturity (common stock)	—		—		147		147
Total investment securities - available for sale	$	9,860	$	10,278	$	11,051	$	11,543
Total investment securities	$	43,229	$	43,928	$	51,030	$	51,981