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Investment Securities (Tables)

3 Months Ended

Sep. 30, 2019

Investment Securities

Schedule of available-for-sale securities reconciliation


					Gross			Gross			Estimated
		Amortized			Unrealized			Unrealized			Fair			Carrying
September 30, 2019		Cost			Gains			(Losses)			Value			Value
(In Thousands)
Held to maturity:
U.S. government sponsored enterprise MBS (1)		$	81,412		$	1,238		$	(41)		$	82,609		$	81,412
U.S. SBA securities (2)			2,876			—			(13)			2,863			2,876
Certificate of deposits			800			—			—			800			800
Total investment securities - held to maturity		$	85,088		$	1,238		$	(54)		$	86,272		$	85,088

Available for sale:
U.S. government agency MBS		$	3,303		$	110		$	—		$	3,413		$	3,413
U.S. government sponsored enterprise MBS			1,773			78			—			1,851			1,851
Private issue CMO (3)			245			8			—			253			253
Total investment securities - available for sale		$	5,321		$	196		$	—		$	5,517		$	5,517
Total investment securities		$	90,409		$	1,434		$	(54)		$	91,789		$	90,605

⁽¹⁾

Mortgage-Backed Securities ("MBS").

⁽²⁾

Small Business Administration ("SBA").

⁽³⁾

Collateralized Mortgage Obligations ("CMO").


					Gross			Gross			Estimated
		Amortized			Unrealized			Unrealized			Fair			Carrying
June 30, 2019		Cost			Gains			(Losses)			Value			Value
(In Thousands)
Held to maturity
U.S. government sponsored enterprise MBS		$	90,394		$	1,289		$	(14)		$	91,669		$	90,394
U.S. SBA securities			2,896			—			(6)			2,890			2,896
Certificate of deposits			800			—			—			800			800
Total investment securities - held to maturity		$	94,090		$	1,289		$	(20)		$	95,359		$	94,090

Available for sale
U.S. government agency MBS		$	3,498		$	116		$	(1)		$	3,613		$	3,613
U.S. government sponsored enterprise MBS			1,998			89			—			2,087			2,087
Private issue CMO			261			8			—			269			269
Total investment securities - available for sale		$	5,757		$	213		$	(1)		$	5,969		$	5,969
Total investment securities		$	99,847		$	1,502		$	(21)		$	101,328		$	100,059

Schedule of investments with unrealized loss position


		Unrealized Holding						Unrealized Holding						Unrealized Holding
As of September 30, 2019		Losses						Losses						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		$	7,312		$	39		$	1,478		$	2		$	8,790		$	41
U.S. SBA securities			—		$	—			2,855			13			2,855			13
Total investment securities		$	7,312		$	39		$	4,333		$	15		$	11,645		$	54


		Unrealized Holding						Unrealized Holding						Unrealized Holding
As of June 30, 2019		Losses						Losses						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		$	6,507		$	8		$	1,657		$	6		$	8,164		$	14
U.S. SBA securities			—		$	—			2,883			6			2,883			6
Total investment securities - held to maturity		$	6,507		$	8		$	4,540		$	12		$	11,047		$	20

Available for sale
U.S. government agency MBS		$	289		$	1		$	—		$	—		$	289		$	1
Total investment securities - available for sale		$	289		$	1		$	—		$	—		$	289		$	1
Total investment securities		$	6,796		$	9		$	4,540		$	12		$	11,336		$	21

Schedule of investments classified by contractual maturity


		September 30, 2019						June 30, 2019
					Estimated						Estimated
		Amortized			Fair			Amortized			Fair
(In Thousands)		Cost			Value			Cost			Value

Held to maturity:
Due in one year or less		$	800		$	800		$	400		$	400
Due after one through five years			28,616			28,734			32,584			32,728
Due after five through ten years			32,703			33,447			35,306			36,090
Due after ten years			22,969			23,291			25,800			26,141
Total investment securities - held to maturity		$	85,088		$	86,272		$	94,090		$	95,359

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			5,321			5,517			5,757			5,969
Total investment securities - available for sale		$	5,321		$	5,517		$	5,757		$	5,969
Total investment securities		$	90,409		$	91,789		$	99,847		$	101,328