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Disclosures About Fair Value of Assets and Liabilities (Tables)

3 Months Ended

Sep. 30, 2018

Disclosures About Fair Value of Assets and Liabilities [Abstract]

Schedule of financial assets measured at fair value on a recurring basis

						Fair Value Measurements Using
(in thousands)		Fair Value				Quoted Prices in Active Markets for Identical Assets (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Unobservable Inputs (Level 3)
September 30, 2018
Agency mortgage-backed: residential		$	46			--			$	46			$	--
Agency bonds			500				--				500				--
		$	546			$	--			$	546			$	--
June 30, 2018
Agency mortgage-backed: residential		$	48			$	--			$	48			$	--

Schedule of assets measured at fair value on a non-recurring basis

						Fair Value Measurements Using
(in thousands)		Fair Value				Quoted Prices in Active Markets for Identical Assets (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Unobservable Inputs (Level 3)
September 30, 2018
Loans
One- to four-family		$	198			$	--			$	--			$	198
Other real estate owned, net
One- to four-family		$	234			$	--			$	--			$	234
June 30, 2018
Loans
One- to four-family		$	513			$	--			$	--			$	513
Other real estate owned, net
One- to four-family		$	5			$	--			$	--			$	5

Schedule of fair value measurements for financial instruments measured at fair value on a non-recurring basis

										Range
		Fair Value				Valuation		Unobservable		(Weighted
September 30, 2018		(in thousands)				Technique(s)		Input(s)		Average)
Loans:
One- to four-family		$	198			Sales comparison approach		Adjustments for differences between comparable sales		-11.6% to 2.4% (-3.2%)
Foreclosed and repossessed assets:
One- to four-family		$	234			Sales comparison approach		Adjustments for differences between comparable sales		28.5% to 45.8% (39.9%)

										Range
		Fair Value				Valuation		Unobservable		(Weighted
June 30, 2018		(in thousands)				Technique(s)		Input(s)		Average)
Loans:
One- to four-family		$	513			Sales comparison approach		Adjustment for differences between comparable sales		-38.5% to 20.7% (-27.8%)
Foreclosed and repossessed assets:
One- to four-family		$	5			Sales comparison approach		Adjustments for differences between comparable sales		0.0% to 0.0% (0.0%)

Schedule of foregoing methods and assumptions, the carrying value and fair value

						Fair Value Measurements at
(in thousands)		Carrying				September 30, 2018 Using
		Value				Level 1				Level 2				Level 3				Total
Financial assets
Cash and cash equivalents		$	9,931			$	9,931											$	9,931
Time deposits in other financial institutions			4,952				4,896												4,896
Available-for-sale securities			546							$	546								546
Held-to-maturity securities			902								890								890
Loans held-for-sale			110												109				109
Loans receivable - net			268,881												266,192				266,192
Federal Home Loan Bank stock			6,482																n/a
Accrued interest receivable			721								721								721
Financial liabilities
Deposits		$	196,810			$	75,315			$	121,188								196,503
Federal Home Loan Bank advances			50,014								49,994								49,994
Advances by borrowers for taxes and insurance			1,039				1,039												1,039
Accrued interest payable			24								24								24

						Fair Value Measurements at
(in thousands)		Carrying				June 30, 2018 Using
		Value				Level 1				Level 2				Level 3				Total
Financial assets
Cash and cash equivalents		$	9,943			$	9,943											$	9,943
Term deposits in other financial institutions			5,692				5,692												5,692
Available-for-sale securities			48							$	48								48
Held-to-maturity securities			1,002								998								998
Loans receivable – net			270,310											$	271,295				271,295
Federal Home Loan Bank stock			6,482																n/a
Accrued interest receivable			706								706								706
Financial liabilities
Deposits		$	195,056			$	75,163			$	120,215							$	195,378
Federal Home Loan Bank advances			53,052								53,043								53,043
Advances by borrowers for taxes and insurance			762								762								762
Accrued interest payable			22								22								22

X

- Definition

Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances.

+ References

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Tabular disclosure of assets and liabilities by class, including financial instruments measured at fair value that are classified in shareholders' equity, if any, that are measured at fair value on a nonrecurring basis in periods after initial recognition (for example, impaired assets). Disclosures may include, but are not limited to: (a) the fair value measurements recorded and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements are categorized in their entirety (levels 1, 2, 3).

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Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

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Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities.

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