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Investment Securities | 3 Months Ended
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Sep. 30, 2018
Investments, Debt and Equity Securities [Abstract] |
Investment Securities | Note 5: Investment Securities The amortized cost and estimated fair value of investment securities as of September 30, 2018 and June 30, 2018 were as follows:
September 30, 2018 |  | Amortized Cost |  |  | Gross Unrealized Gains |  |  | Gross Unrealized (Losses) |  |  | Estimated Fair Value |  |  | Carrying Value |
(In Thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Held to maturity: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. government sponsored enterprise MBS (1) |  | $ | 76,051 |  |  | $ | 215 |  |  | $ | (835 | ) |  | $ | 75,431 |  |  | $ | 76,051 |
U.S. SBA securities (2) |  |  | 2,960 |  |  |  | — |  |  |  | (17 | ) |  |  | 2,943 |  |  |  | 2,960 |
Certificate of deposits |  |  | 600 |  |  |  | — |  |  |  | — |  |  |  | 600 |  |  |  | 600 |
Total investment securities - held to maturity |  | $ | 79,611 |  |  | $ | 215 |  |  | $ | (852 | ) |  | $ | 78,974 |  |  | $ | 79,611 |
Available for sale: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. government agency MBS |  | $ | 4,024 |  |  | $ | 132 |  |  | $ | — |  |  | $ | 4,156 |  |  | $ | 4,156 |
U.S. government sponsored enterprise MBS |  |  | 2,451 |  |  |  | 110 |  |  |  | — |  |  |  | 2,561 |  |  |  | 2,561 |
Private issue CMO (3) |  |  | 313 |  |  |  | 3 |  |  |  | — |  |  |  | 316 |  |  |  | 316 |
Total investment securities - available for sale |  | $ | 6,788 |  |  | $ | 245 |  |  | $ | — |  |  | $ | 7,033 |  |  | $ | 7,033 |
Total investment securities |  | $ | 86,399 |  |  | $ | 460 |  |  | $ | (852 | ) |  | $ | 86,007 |  |  | $ | 86,644 |
(1) | Mortgage-Backed Securities ("MBS").
(2) | Small Business Administration ("SBA").
(3) | Collateralized Mortgage Obligations ("CMO").
June 30, 2018 |  | Amortized Cost |  |  | Gross Unrealized Gains |  |  | Gross Unrealized (Losses) |  |  | Estimated Fair Value |  |  | Carrying Value |
(In Thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Held to maturity: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. government sponsored enterprise MBS |  | $ | 84,227 |  |  | $ | 203 |  |  | $ | (762 | ) |  | $ | 83,668 |  |  | $ | 84,227 |
U.S. SBA securities |  |  | 2,986 |  |  |  | — |  |  |  | (15 | ) |  |  | 2,971 |  |  |  | 2,986 |
Certificate of deposits |  |  | 600 |  |  |  | — |  |  |  | — |  |  |  | 600 |  |  |  | 600 |
Total investment securities - held to maturity |  | $ | 87,813 |  |  | $ | 203 |  |  | $ | (777 | ) |  | $ | 87,239 |  |  | $ | 87,813 |
Available for sale: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. government agency MBS |  | $ | 4,234 |  |  | $ | 150 |  |  | $ | — |  |  | $ | 4,384 |  |  | $ | 4,384 |
U.S. government sponsored enterprise MBS |  |  | 2,640 |  |  |  | 122 |  |  |  | — |  |  |  | 2,762 |  |  |  | 2,762 |
Private issue CMO |  |  | 346 |  |  |  | 4 |  |  |  | — |  |  |  | 350 |  |  |  | 350 |
Total investment securities - available for sale |  | $ | 7,220 |  |  | $ | 276 |  |  | $ | — |  |  | $ | 7,496 |  |  | $ | 7,496 |
Total investment securities |  | $ | 95,033 |  |  | $ | 497 |  |  | $ | (777 | ) |  | $ | 94,735 |  |  | $ | 95,309 |
In the first quarters of fiscal 2019 and 2018, the Corporation received MBS principal payments of $8.3 million and $6.0 million, respectively, and there were no sales of investment securities during these periods. The Corporation did not purchase any investment securities in the first quarter of fiscal 2019; while the Corporation purchased U.S. government sponsored enterprise MBS totaling $10.1 million, to be held to maturity, during the first quarter of fiscal 2018. The Corporation held investments with an unrealized loss position of $852,000 at September 30, 2018 and $777,000 at June 30, 2018.
As of September 30, 2018 |  | Unrealized Holding Losses |  |  | Unrealized Holding Losses |  |  | Unrealized Holding Losses |
(In Thousands) |  | Less Than 12 Months |  |  | 12 Months or More |  |  | Total |
|  | Fair |  |  | Unrealized |  |  | Fair |  |  | Unrealized |  |  | Fair |  |  | Unrealized |
Description of Securities |  | Value |  |  | Losses |  |  | Value |  |  | Losses |  |  | Value |  |  | Losses |
Held to maturity: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. government sponsored enterprise MBS |  | $ | 16,232 |  |  | $ | 264 |  |  | $ | 26,623 |  |  | $ | 571 |  |  | $ | 42,855 |  |  | $ | 835 |
U.S. SBA securities |  |  | 2,936 |  |  |  | 17 |  |  |  | — |  |  |  | — |  |  |  | 2,936 |  |  |  | 17 |
Total investment securities |  | $ | 19,168 |  |  | $ | 281 |  |  | $ | 26,623 |  |  | $ | 571 |  |  | $ | 45,791 |  |  | $ | 852 |
As of June 30, 2018 | Unrealized Holding Losses |  | Unrealized Holding Losses |  | Unrealized Holding Losses |
(In Thousands) | Less Than 12 Months |  | 12 Months or More |  | Total |
| Fair |  | Unrealized |  | Fair |  | Unrealized |  | Fair |  | Unrealized |
Description of Securities | Value |  | Losses |  | Value |  | Losses |  | Value |  | Losses |
Held to maturity: |  |  |  |  |  |  |  |  |  |  |  |
U.S. government sponsored enterprise MBS |  | $ | 47,045 |  |  | $ | 762 |  |  | $ | — |  |  | $ | — |  |  | $ | 47,045 |  |  | $ | 762 |
U.S. SBA securities |  |  | 2,964 |  |  |  | 15 |  |  |  | — |  |  |  | — |  |  |  | 2,964 |  |  |  | 15 |
Total investment securities |  | $ | 50,009 |  |  | $ | 777 |  |  | $ | — |  |  | $ | — |  |  | $ | 50,009 |  |  | $ | 777 |
The Corporation evaluates individual investment securities quarterly for other-than-temporary declines in market value. At September 30, 2018, $571,000 of the total $852,000 unrealized holding losses were more than 12 months; while at June 30, 2018, all of the unrealized holding loss was less than 12 months. The Corporation does not believe that there were any other-than-temporary impairments on the investment securities at September 30, 2018 and 2017; therefore, no impairment losses were recorded for the quarters ended September 30, 2018 and 2017. Contractual maturities of investment securities as of September 30, 2018 and June 30, 2018 were as follows:
|  | September 30, 2018 |  |  | June 30, 2018 |
(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 |  |  | 29,549 |  |  |  | 28,969 |  |  |  | 24,961 |  |  |  | 24,569 |
Due after five through ten years |  |  | 14,141 |  |  |  | 13,886 |  |  |  | 22,847 |  |  |  | 22,477 |
Due after ten years |  |  | 35,321 |  |  |  | 35,519 |  |  |  | 39,405 |  |  |  | 39,593 |
Total investment securities - held to maturity |  | $ | 79,611 |  |  | $ | 78,974 |  |  | $ | 87,813 |  |  | $ | 87,239 |
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 |  |  | 6,788 |  |  |  | 7,033 |  |  |  | 7,220 |  |  |  | 7,496 |
Total investment securities - available for sale |  | $ | 6,788 |  |  | $ | 7,033 |  |  | $ | 7,220 |  |  | $ | 7,496 |
Total investment securities |  | $ | 86,399 |  |  | $ | 86,007 |  |  | $ | 95,033 |  |  | $ | 94,735 |

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