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Fair Value (Tables)
9 Months Ended
Mar. 31, 2015
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, 2015 Using
 
 
 
Balance at
March 31,
2015
 
Level 1
 
Level 2
 
Level 3
 
Assets:
 
 
 
 
 
 
 
 
 
 
 
 
 
Obligations of U.S. government-sponsored entities and agencies
 
$
17,212
 
$
 
$
17,212
 
$
 
Obligations of states and political subdivisions
 
 
46,269
 
 
 
 
46,269
 
 
 
Mortgage-backed securities – residential
 
 
58,585
 
 
 
 
58,585
 
 
 
Mortgage-backed securities – commercial
 
 
1,485
 
 
 
 
1,485
 
 
 
Collateralized mortgage obligations
 
 
4,140
 
 
 
 
4,140
 
 
 
Trust preferred security
 
 
529
 
 
 
 
529
 
 
 
 
 
 
 
 
Fair Value Measurements at
June 30, 2014 Using
 
 
 
Balance at
June 30, 2014
 
Level 1
 
Level 2
 
Level 3
 
Assets:
 
 
 
 
 
 
 
 
 
 
 
 
 
Obligations of U.S. government-sponsored entities and agencies
 
$
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, 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, 2015 Using
 
 
 
Balance at
March 31, 2015
 
Level 1
 
Level 2
 
Level 3
 
Impaired loans:
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial Real Estate - Other
 
$
30
 
$
 
$
 
$
30
 
  
 
 
 
 
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, 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, 2015:
 
 
 
Fair
Value
 
Valuation
Technique
 
Unobservable
Inputs
 
Range
 
Weighted
Average
 
 
 
 
 
 
 
 
 
 
 
 
 
Impaired loans:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial Real Estate - Other
 
$
26
 
Sales comparison approach
 
Adjustment for differences between comparable sales
 
-35.50% to -71.60%
 
-37.50
%
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial Real Estate - Other
 
$
4
 
Settlement Contract
 
Adjustment for difference between loan balance and settlement value
 
-91.80%
 
-91.80
%
 
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:
 
 
 
March 31, 2015
 
June 30, 2014
 
 
 
Carrying
Amount
 
Estimated
Fair
Value
 
Carrying
Amount
 
Estimated
Fair
Value
 
Financial Assets:
 
 
 
 
 
 
 
 
 
 
 
 
 
Level 1 inputs:
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
 
$
15,911
 
$
15,911
 
$
11,125
 
$
11,125
 
Level 2 inputs:
 
 
 
 
 
 
 
 
 
 
 
 
 
Certificates of deposits in other financial institutions
 
 
4,217
 
 
4,199
 
 
2,703
 
 
2,703
 
Loans held for sale
 
 
583
 
 
605
 
 
559
 
 
570
 
Accrued interest receivable
 
 
1,260
 
 
1,260
 
 
1,048
 
 
1,048
 
Level 3 inputs:
 
 
 
 
 
 
 
 
 
 
 
 
 
Securities held-to-maturity
 
 
3,690
 
 
3,725
 
 
3,000
 
 
3,040
 
Loans, net
 
 
228,782
 
 
230,204
 
 
222,561
 
 
223,128
 
Financial Liabilities:
 
 
 
 
 
 
 
 
 
 
 
 
 
Level 2 inputs:
 
 
 
 
 
 
 
 
 
 
 
 
 
Demand and savings deposits
 
 
262,900
 
 
262,900
 
 
243,222
 
 
243,222
 
Time deposits
 
 
67,919
 
 
68,109
 
 
70,675
 
 
70,583
 
Short-term borrowings
 
 
19,189
 
 
19,189
 
 
19,489
 
 
19,489
 
Federal Home Loan Bank advances
 
 
6,254
 
 
6,558
 
 
6,296
 
 
6,655
 
Accrued interest payable
 
 
45
 
 
45
 
 
44
 
 
44