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Investment Securities (Tables)

9 Months Ended

Mar. 31, 2018

Investments, Debt and Equity Securities [Abstract]

Schedule of Available-for-sale Securities Reconciliation

The amortized cost and estimated fair value of investment securities as of March 31, 2018 and June 30, 2017 were as follows:



As of March 31, 2018	Amortized Cost			Gross Unrealized Gains			Gross Unrealized Losses			Estimated Fair Value			Carrying Value
(In Thousands)
Held to maturity:
Certificates of deposit	$	600		$	—		$	—		$	600		$	600
U.S. SBA loan pool securities⁽¹⁾	3,009			—			18			2,991			3,009
U.S. government sponsored enterprise MBS ⁽²⁾	92,115			110			875			91,350			92,115
Total investment securities - held to maturity	$	95,724		$	110		$	893		$	94,941		$	95,724

Available for sale:
U.S. government agency MBS	$	4,490		$	166		$	—		$	4,656		$	4,656
U.S. government sponsored enterprise MBS	2,820			131			—			2,951			2,951
Private issue CMO ⁽³⁾	391			4			—			395			395
Total investment securities - available for sale	$	7,701		$	301		$	—		$	8,002		$	8,002
Total investment securities	$	103,425		$	411		$	893		$	102,943		$	103,726


⁽¹⁾	Small Business Administration ("SBA").


⁽²⁾	Mortgage-Backed Securities (“MBS”).


⁽³⁾	Collateralized Mortgage Obligations (“CMO”).



As of June 30, 2017	Amortized Cost			Gross Unrealized Gains			Gross Unrealized Losses			Estimated Fair Value			Carrying Value
(In Thousands)
Held to maturity:
Certificates of deposit	$	600		$	—		$	—		$	600		$	600
U.S. government sponsored enterprise MBS	59,841			265			77			60,029			59,841
Total investment securities - held to maturity	$	60,441		$	265		$	77		$	60,629		$	60,441

Available for sale:
U.S. government agency MBS	$	5,197		$	186		$	—		$	5,383		$	5,383
U.S. government sponsored enterprise MBS	3,301			173			—			3,474			3,474
Private issue CMO	456			5			—			461			461
Total investment securities - available for sale	$	8,954		$	364		$	—		$	9,318		$	9,318
Total investment securities	$	69,395		$	629		$	77		$	69,947		$	69,759

Investments Classified by Contractual Maturity



	March 31, 2018							June 30, 2017
(In Thousands)	Amortized Cost			Estimated Fair Value				Amortized Cost			Estimated Fair Value

Held to maturity:
Due in one year or less	$	600		$	600			$	600		$	600
Due after one through five years	16,745			16,534				4,698			4,708
Due after five through ten years	35,636			35,139				41,404			41,374
Due after ten years	42,743			42,668				13,739			13,947
Total investment securities - held to maturity	$	95,724		$	94,941			$	60,441		$	60,629

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	7,701			8,002				8,954			9,318
Total investment securities - available for sale	$	7,701		$	8,002			$	8,954		$	9,318
Total investment securities	$	103,425		$	102,943			$	69,395		$	69,947