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Disclosures About Fair Value of Assets and Liabilities (Tables)

3 Months Ended

Sep. 30, 2019

Fair Value Disclosures [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, 2019
U.S. Treasury notes		$	499			$	--			$	499			$	--
Agency bonds			505				--				505				--
Agency mortgage-backed: residential			42				--				42				--
		$	1,046			$	--			$	1,046			$	--
June 30, 2019
U.S. Treasury notes		$	497			$	--			$	497			$	--
Agency bonds			505				--				505				--
Agency mortgage-backed: residential			43				--				43				--
		$	1,045			$	--			$	1,045			$	--

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, 2019
Loans
One- to four-family		$	9			$	--			$	--			$	9
June 30, 2019
Loans
One- to four-family		$	593			$	--			$	--			$	593
Other real estate owned, net
One- to four-family		$	117			$	--			$	--			$	117

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, 2019		(in thousands)				Technique(s)		Input(s)		Average)
Loans:
One- to four-family		$	9			Sales comparison approach		Adjustments for differences between comparable sales		-82.2% to 151.3% (20.5%)

										Range
		Fair Value				Valuation		Unobservable		(Weighted
June 30, 2019		(in thousands)				Technique(s)		Input(s)		Average)
Loans:
One- to four-family		$	593			Sales comparison approach		Adjustment for differences between comparable sales		25.3% to -50.6% (-0.6%)
Foreclosed and repossessed assets:
One- to four-family		$	117			Sales comparison approach		Adjustments for differences between comparable sales		8.6% to 31.0% (29.0%)

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

						Fair Value Measurements at
						September 30, 2019 Using
(in thousands)		Carrying Value				Level 1				Level 2				Level 3				Total
Financial assets
Cash and cash equivalents		$	12,155			$	12,155											$	12,155
Time deposits in other financial institutions			3,465				3,475												3,475
Available-for-sale securities			1,046							$	1,046								1,046
Held-to-maturity securities			680								686								686
Loans receivable - net			279,633												283,880				283,880
Federal Home Loan Bank stock			6,482																n/a
Accrued interest receivable			743								743								743
Financial liabilities
Deposits		$	196,079			$	68,437			$	127,649								196,086
Federal Home Loan Bank advances			64,373								64,505								64,505
Advances by borrowers for taxes and insurance			1,050								1,050								1,050
Accrued interest payable			29								29								29

						Fair Value Measurements at
						June 30, 2019 Using
(in thousands)		Carrying Value				Level 1				Level 2				Level 3				Total
Financial assets
Cash and cash equivalents		$	9,861			$	9,861											$	9,861
Term deposits in other financial institutions			6,962				6,963												6,963
Available-for-sale securities			1,045							$	1,045								1,045
Held-to-maturity securities			775								775								775
Loans receivable – net			280,969											$	285,700				285,700
Federal Home Loan Bank stock			6,482																n/a
Accrued interest receivable			758								758								758
Financial liabilities
Deposits		$	195,836			$	69,944			$	123,920							$	193,864
Federal Home Loan Bank advances			66,703								66,719								66,719
Advances by borrowers for taxes and insurance			763								763								763
Accrued interest payable			28								28								28

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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-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258

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- Definition

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).

+ References

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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).

+ References

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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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