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Fair Value (Tables)
9 Months Ended
Mar. 31, 2014
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]
Assets and liabilities measured at fair value on a recurring basis are summarized below, segregated by the level of the valuation inputs within the fair value hierarchy utilized to measure fair value:
 
 
 
 
 
 
Fair Value Measurements at
March 31, 2014 Using
 
 
 
Balance at
March 31, 2014
 
Level 1
 
Level 2
 
Level 3
 
Assets:
 
 
 
 
 
 
 
 
 
 
 
 
 
Obligations of U.S. government-sponsored entities and agencies
 
$
16,428
 
$
 
$
16,428
 
$
 
Obligations of states and political subdivisions
 
 
42,710
 
 
 
 
42,710
 
 
 
Mortgage-backed securities – residential
 
 
60,753
 
 
 
 
60,753
 
 
 
Collateralized mortgage obligations
 
 
4,212
 
 
 
 
4,212
 
 
 
Trust preferred security
 
 
373
 
 
 
 
 
 
373
 
 
 
 
 
 
 
Fair Value Measurements at
June 30, 2013 Using
 
 
 
Balance at
June 30, 2013
 
Level 1
 
Level 2
 
Level 3
 
Assets:
 
 
 
 
 
 
 
 
 
 
 
 
 
Obligations of U.S. government-sponsored entities and agencies
 
$
4,658
 
$
 
$
4,658
 
$
 
Obligations of states and political subdivisions
 
 
39,812
 
 
 
 
39,812
 
 
 
Mortgage-backed securities - residential
 
 
46,889
 
 
 
 
46,889
 
 
 
Collateralized mortgage obligations
 
 
5,708
 
 
 
 
5,708
 
 
 
Trust preferred security
 
 
162
 
 
 
 
 
 
162
 
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]
The following table presents a reconciliation of the trust preferred security measured at fair value on a recurring basis using significant unobservable inputs (Level 3) for the three and nine months ended March 31, 2014 and 2013:
 
 
 
Three Months Ended
 
Nine Months Ended
 
 
 
2014
 
2013
 
2014
 
2013
 
Beginning balance
 
$
270
 
$
138
 
$
162
 
$
64
 
Change in fair value included in other comprehensive income
 
 
103
 
 
 
 
211
 
 
74
 
Ending balance, March 31
 
$
373
 
$
138
 
$
373
 
$
138
 
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis, Valuation Techniques [Table Text Block]
Financial assets and financial liabilities measured at fair value on a non-recurring basis are summarized below:
 
 
 
 
 
 
Fair Value Measurements at
March 31, 2014 Using
 
 
 
Balance at
March 31, 2014
 
Level 1
 
Level 2
 
Level 3
 
Impaired loans:
 
 
 
 
 
 
 
 
 
 
 
 
 
1-4 Family
 
 
 
 
 
 
 
 
 
 
 
 
 
Owner occupied
 
$
89
 
$
 
$
 
$
89
 
Non-owner occupied
 
 
495
 
 
 
 
 
 
495
 
 
 
 
 
 
 
Fair Value Measurements at
June 30, 2013 Using
 
 
 
Balance at
June 30, 2013
 
Level 1
 
Level 2
 
Level 3
 
Impaired loans:
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial
 
$
43
 
$
 
$
 
$
43
 
1-4 Family
 
 
 
 
 
 
 
 
 
 
 
 
 
Owner occupied
 
 
101
 
 
 
 
 
 
101
 
Non-owner occupied
 
 
475
 
 
 
 
 
 
475
 
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Table Text Block]
The following table presents quantitative information about Level 3 fair value measurements for financial instruments measured at fair value on a non-recurring basis at March 31, 2014:
 
 
 
Fair Value
 
Valuation Technique
 
Unobservable Inputs
 
Range
 
Weighted Average
 
Impaired loans:
 
 
 
 
 
 
 
 
 
 
 
 
1-4 Family
 
 
 
 
 
 
 
 
 
 
 
 
Owner occupied
 
$
89
 
Sales comparison approach
 
Adjustment for differences between comparable sales
 
-17.61% to 23.60%
 
4.77%
 
Non-owner occupied
 
 
495
 
Income approach
 
Capitalization rate
 
9.58%
 
9.58%
 
Schedule Of Carrying Values and Estimated Fair Values Of Debt Instruments [Table Text Block]
The following table shows the estimated fair values of financial instruments that are reported at amortized cost in the Corporation’s consolidated balance sheets, segregated by the level of the valuation inputs within the fair value hierarchy utilized to measure fair value:
 
 
 
March 31, 2014
 
June 30, 2013
 
 
 
Carrying
Amount
 
Estimated
Fair
Value
 
Carrying
Amount
 
Estimated
Fair
Value
 
Financial Assets:
 
 
 
 
 
 
 
 
 
 
 
 
 
Level 1 inputs:
 
$
12,988
 
$
12,988
 
$
9,356
 
$
9,356
 
Cash and cash equivalents
 
 
 
 
 
 
 
 
 
 
 
 
 
Level 2 inputs:
 
 
 
 
 
 
 
 
 
 
 
 
 
Certificates of deposits in other financial institutions
 
 
2,948
 
 
2,948
 
 
4,175
 
 
4,175
 
Loans held for sale
 
 
511
 
 
522
 
 
93
 
 
97
 
Accrued interest receivable
 
 
1,197
 
 
1,197
 
 
1,044
 
 
1,044
 
Level 3 inputs:
 
 
 
 
 
 
 
 
 
 
 
 
 
Securities held-to-maturity
 
 
3,000
 
 
2,957
 
 
3,000
 
 
2,926
 
Loans, net
 
 
215,596
 
 
214,604
 
 
214,544
 
 
212,555
 
Financial Liabilities:
 
 
 
 
 
 
 
 
 
 
 
 
 
Level 2 inputs:
 
 
 
 
 
 
 
 
 
 
 
 
 
Demand and savings deposits
 
 
236,819
 
 
236,819
 
 
214,898
 
 
214,898
 
Time deposits
 
 
72,837
 
 
73,081
 
 
79,209
 
 
79,575
 
Short-term borrowings
 
 
18,441
 
 
18,441
 
 
12,490
 
 
12,490
 
Federal Home Loan Bank advances
 
 
6,311
 
 
6,755
 
 
6,366
 
 
7,049
 
Accrued interest payable
 
 
48
 
 
48
 
 
48
 
 
48