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FAIR VALUE (Tables)
12 Months Ended
Jun. 30, 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
June 30, 2014 Using
 
 
 
Balance at
June 30, 2014
 
Level 1
 
Level 2
 
Level 3
 
Assets:
 
 
 
 
 
 
 
 
 
 
 
 
 
Securities available-for-sale:
 
 
 
 
 
 
 
 
 
 
 
 
 
Obligations of government-sponsored entities
 
$
18,436
 
$
 
$
18,436
 
$
 
Obligations of states and political subdivisions
 
 
45,512
 
 
 
 
45,512
 
 
 
Mortgage-backed securities - residential
 
 
58,104
 
 
 
 
58,104
 
 
 
Collateralized mortgage obligations
 
 
3,929
 
 
 
 
3,929
 
 
 
Trust preferred security
 
 
412
 
 
 
 
412
 
 
 
  
 
 
 
 
 
Fair Value Measurements at
June 30, 2013 Using
 
 
 
Balance at
June 30, 2013
 
Level 1
 
Level 2
 
Level 3
 
Securities available-for-sale:
 
 
 
 
 
 
 
 
 
 
 
 
 
Obligations of government sponsored entities
 
$
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 years ended June 30, 2014 and 2013:
 
 
 
Trust Preferred Security
 
 
 
2014
 
2013
 
Beginning balance
 
$
162
 
$
64
 
Realized losses included in other income
 
 
 
 
 
Change in fair value included in other comprehensive income
 
 
250
 
 
98
 
Transfers out of Level 3
 
 
(412)
 
 
 
Ending balance, June 30
 
$
 
$
162
 
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
June 30, 2014 Using
 
 
 
Balance at
June 30, 2014
 
Level 1
 
Level 2
 
Level 3
 
Impaired loans:
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial Real Estate - Other
 
$
101
 
$
 
$
 
$
101
 
  
 
 
 
 
 
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 June 30, 2014:
 
 
 
Fair
Value
 
Valuation
Technique
 
Unobservable
Inputs
 
Range
 
Weighted Average
 
Impaired loans:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial Real Estate -
Other
 
$
101
 
Sales comparison
approach
 
Adjustment for
differences between
comparable sales
 
-14.00% to 31.90%
 
 
22.52
%
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:
 
 
 
2014
 
2013
 
 
 
Carrying
Amount
 
Estimated
Fair
Value
 
Carrying
Amount
 
Estimated
Fair
Value
 
Financial Assets:
 
 
 
 
 
 
 
 
 
 
 
 
 
Level 1 inputs:
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
 
$
11,125
 
$
11,125
 
$
9,356
 
$
9,356
 
Level 2 inputs:
 
 
 
 
 
 
 
 
 
 
 
 
 
Certificates of deposits in other financial institutions
 
 
2,703
 
 
2,703
 
 
4,175
 
 
4,175
 
Loans held for sale
 
 
559
 
 
570
 
 
93
 
 
97
 
Accrued interest receivable
 
 
1,048
 
 
1,048
 
 
1,044
 
 
1,044
 
Level 3 inputs:
 
 
 
 
 
 
 
 
 
 
 
 
 
Securities held-to-maturity
 
 
3,000
 
 
3,040
 
 
3,000
 
 
2,926
 
Loans, net
 
 
222,561
 
 
223,128
 
 
214,544
 
 
212,555
 
Financial Liabilities:
 
 
 
 
 
 
 
 
 
 
 
 
 
Level 2 inputs:
 
 
 
 
 
 
 
 
 
 
 
 
 
Demand and savings deposits
 
 
243,222
 
 
243,222
 
 
214,898
 
 
214,898
 
Time deposits
 
 
70,675
 
 
70,583
 
 
79,209
 
 
79,575
 
Short-term borrowings
 
 
19,489
 
 
19,489
 
 
12,490
 
 
12,490
 
Federal Home Loan Bank advances
 
 
6,296
 
 
6,655
 
 
6,366
 
 
7,049
 
Accrued interest payable
 
 
44
 
 
44
 
 
48
 
 
48