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Investment Securities (Tables)

3 Months Ended

Sep. 30, 2018

Investments, Debt and Equity Securities [Abstract]

Schedule of available-for-sale securities reconciliation

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

Schedule of investments with unrealized loss position

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

Schedule of investments classified by contractual maturity

		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