Investment Securities (Tables)

9 Months Ended

Mar. 31, 2017

The amortized cost and estimated fair value of investment securities as of March 31, 2017 and June 30, 2016 were as follows:



March 31, 2017	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⁾	40,235		241		(6		)	40,470		40,235
Total investment securities - held to maturity	$	41,035	$	241	$	(6	)	$	41,270	$	41,035

Available for sale:
U.S. government agency MBS	$	5,499	$	201	$	—		$	5,700	$	5,700
U.S. government sponsored enterprise MBS	3,474		187		—			3,661		3,661
Private issue CMO ⁽²⁾	497		4		—			501		501
Total investment securities - available for sale	$	9,470	$	392	$	—		$	9,862	$	9,862
Total investment securities	$	50,505	$	633	$	(6	)	$	51,132	$	50,897


⁽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 March 31, 2017 and June 30, 2016 were as follows:



	March 31, 2017				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	25,286		25,290		18,904		19,203
Due after ten years	14,949		15,180		20,275		20,435
Total investment securities - held to maturity	$	41,035	$	41,270	$	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	9,470		9,862		10,904		11,396
No stated maturity (common stock)	—		—		147		147
Total investment securities - available for sale	$	9,470	$	9,862	$	11,051	$	11,543
Total investment securities	$	50,505	$	51,132	$	51,030	$	51,981