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v3.20.2

Investment Securities (Tables) | 3 Months Ended
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Sep. 30, 2020
Investment Securities |
Schedule of available-for-sale securities reconciliation |
|  |  |  |  | Gross |  | Gross |  | Estimated |  |  |
|  | Amortized | Unrealized |  | Unrealized |  | Fair |  | Carrying
September 30, 2020 |  | Cost | Gains |  | (Losses) |  | Value |  | Value
(In Thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Held to maturity: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. government sponsored enterprise MBS (1) |  | $ | 191,224 |  | $ | 2,844 |  | $ | (147) |  | $ | 193,921 |  | $ | 191,224
U.S. SBA securities (2) |  |  | 2,044 |  |  | — |  |  | (18) |  |  | 2,026 |  |  | 2,044
Certificate of deposits |  |  | 600 |  |  | — |  |  | — |  |  | 600 |  |  | 600
Total investment securities - held to maturity |  | $ | 193,868 |  | $ | 2,844 |  | $ | (165) |  | $ | 196,547 |  | $ | 193,868
Available for sale: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. government agency MBS |  | $ | 2,612 |  | $ | 114 |  | $ | — |  | $ | 2,726 |  | $ | 2,726
U.S. government sponsored enterprise MBS |  |  | 1,489 |  |  | 17 |  |  | — |  |  | 1,506 |  |  | 1,506
Private issue CMO (3) |  |  | 188 |  |  | — |  |  | (4) |  |  | 184 |  |  | 184
Total investment securities - available for sale |  | $ | 4,289 |  | $ | 131 |  | $ | (4) |  | $ | 4,416 |  | $ | 4,416
Total investment securities |  | $ | 198,157 |  | $ | 2,975 |  | $ | (169) |  | $ | 200,963 |  | $ | 198,284
| (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, 2020 |  | Cost | Gains |  | (Losses) |  | Value |  | Value
(In Thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Held to maturity |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. government sponsored enterprise MBS |  | $ | 115,763 |  | $ | 2,636 |  | $ | (45) |  | $ | 118,354 |  | $ | 115,763
U.S. SBA securities |  |  | 2,064 |  |  | — |  |  | (17) |  |  | 2,047 |  |  | 2,064
Certificate of deposits |  |  | 800 |  |  | — |  |  | — |  |  | 800 |  |  | 800
Total investment securities - held to maturity |  | $ | 118,627 |  | $ | 2,636 |  | $ | (62) |  | $ | 121,201 |  | $ | 118,627
Available for sale |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. government agency MBS |  | $ | 2,823 |  | $ | 120 |  | $ | — |  | $ | 2,943 |  | $ | 2,943
U.S. government sponsored enterprise MBS |  |  | 1,556 |  |  | 21 |  |  | — |  |  | 1,577 |  |  | 1,577
Private issue CMO |  |  | 204 |  |  | — |  |  | (7) |  |  | 197 |  |  | 197
Total investment securities - available for sale |  | $ | 4,583 |  | $ | 141 |  | $ | (7) |  | $ | 4,717 |  | $ | 4,717
Total investment securities |  | $ | 123,210 |  | $ | 2,777 |  | $ | (69) |  | $ | 125,918 |  | $ | 123,344
Schedule of investments with unrealized loss position |
|  | Unrealized Holding |  | Unrealized Holding |  | Unrealized Holding
As of September 30, 2020 |  | 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 |  | $ | 63,446 |  | $ | 147 |  | $ | — |  | $ | — |  | $ | 63,446 |  | $ | 147
U.S. SBA securities |  |  | — |  | $ | — |  |  | 2,026 |  |  | 18 |  |  | 2,026 |  |  | 18
Total investment securities - held to maturity |  | $ | 63,446 |  | $ | 147 |  | $ | 2,026 |  | $ | 18 |  | $ | 65,472 |  | $ | 165
Available for sale |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Private issue CMO |  | $ | 184 |  | $ | 4 |  | $ | — |  | $ | — |  | $ | 184 |  | $ | 4
Total investment securities – available for sale |  | $ | 184 |  | $ | 4 |  | $ | — |  | $ | — |  | $ | 184 |  | $ | 4
Total investment securities |  | $ | 63,630 |  | $ | 151 |  | $ | 2,026 |  | $ | 18 |  | $ | 65,656 |  | $ | 169
|  | Unrealized Holding |  | Unrealized Holding |  | Unrealized Holding
As of June 30, 2020 |  | 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 |  | $ | 12,731 |  | $ | 45 |  | $ | — |  | $ | — |  | $ | 12,731 |  | $ | 45
U.S. SBA securities |  |  | — |  | $ | — |  |  | 2,040 |  |  | 17 |  |  | 2,040 |  |  | 17
Total investment securities - held to maturity |  | $ | 12,731 |  | $ | 45 |  | $ | 2,040 |  | $ | 17 |  | $ | 14,771 |  | $ | 62
Available for sale |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Private issue CMO |  | $ | 197 |  | $ | 7 |  | $ | — |  | $ | — |  | $ | 197 |  | $ | 7
Total investment securities - available for sale |  | $ | 197 |  | $ | 7 |  | $ | — |  | $ | — |  | $ | 197 |  | $ | 7
Total investment securities |  | $ | 12,928 |  | $ | 52 |  | $ | 2,040 |  | $ | 17 |  | $ | 14,968 |  | $ | 69
Schedule of investments classified by contractual maturity |
|  | September 30, 2020 |  | June 30, 2020
|  |  |  |  | Estimated |  |  |  |  | Estimated
|  | Amortized |  | Fair |  | Amortized |  | Fair
(In Thousands) |  | Cost |  | Value |  | Cost |  | Value
Held to maturity: |  |  |  |  |  |  |  |  |  |  |  |
Due in one year or less |  | $ | 600 |  | $ | 600 |  | $ | 800 |  | $ | 800
Due after one through five years |  |  | 21,057 |  |  | 21,956 |  |  | 19,389 |  |  | 20,194
Due after five through ten years |  |  | 69,215 |  |  | 70,425 |  |  | 50,895 |  |  | 52,315
Due after ten years |  |  | 102,996 |  |  | 103,566 |  |  | 47,543 |  |  | 47,892
Total investment securities - held to maturity |  | $ | 193,868 |  | $ | 196,547 |  | $ | 118,627 |  | $ | 121,201
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 |  |  | 4,289 |  |  | 4,416 |  |  | 4,583 |  |  | 4,717
Total investment securities - available for sale |  | $ | 4,289 |  | $ | 4,416 |  | $ | 4,583 |  | $ | 4,717
Total investment securities |  | $ | 198,157 |  | $ | 200,963 |  | $ | 123,210 |  | $ | 125,918

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- Definition For all investments in an unrealized loss position, including those for which other-than-temporary impairments have not been recognized in earnings (including investments for which a portion of an other-than-temporary impairment has been recognized in other comprehensive income), a tabular disclosure of the aggregate related fair value of investments with unrealized losses and the aggregate amount of unrealized losses (that is, the amount by which amortized cost basis exceeds fair value). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=121645371&loc=d3e27290-111563 + Details
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