XML 84 R34.htm IDEA: XBRL DOCUMENT v3.2.0.727
FAIR VALUE (Tables)
12 Months Ended
Jun. 30, 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
June 30, 2015 Using
 
 
 
Balance at
 
 
 
 
 
 
 
 
 
 
 
 
June 30, 2015
 
Level 1
 
Level 2
 
Level 3
 
Assets:
 
 
 
 
 
 
 
 
 
 
 
 
 
Securities available-for-sale:
 
 
 
 
 
 
 
 
 
 
 
 
 
Obligations of government-sponsored entities
 
$
16,558
 
$
 
$
16,558
 
$
 
Obligations of states and political subdivisions
 
 
48,963
 
 
 
 
48,963
 
 
 
Mortgage-backed securities - residential
 
 
64,914
 
 
 
 
64,914
 
 
 
Mortgage-backed securities - commercial
 
 
1,486
 
 
 
 
1,486
 
 
 
Collateralized mortgage obligations
 
 
4,683
 
 
 
 
4,683
 
 
 
Trust preferred security
 
 
540
 
 
 
 
540
 
 
 
 
 
 
 
 
 
Fair Value Measurements at
 
 
 
 
 
 
June 30, 2014 Using
 
 
 
Balance at
 
 
 
 
 
 
 
 
 
 
 
 
June 30, 2014
 
Level 1
 
Level 2
 
Level 3
 
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, 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 year ended June 30, 2014:
 
 
 
2014
 
Beginning balance
 
$
162
 
Realized losses included in other income
 
 
 
Change in fair value included in other comprehensive income
 
 
250
 
Transfers out of Level 3
 
 
(412)
 
Ending balance, June 30
 
$
 
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, 2015 Using
 
 
 
Balance at
 
 
 
 
 
 
 
 
 
 
 
 
June 30, 2015
 
Level 1
 
Level 2
 
Level 3
 
Impaired loans:
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial Real Estate - Other
 
$
1,983
 
$
 
$
 
$
1,983
 
 
 
 
 
 
 
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 June 30, 2015:
 
 
 
Fair
Value
 
Valuation
Technique
 
Unobservable
Inputs
 
 
Range
 
Weighted
Average
 
Impaired loans:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial Real Estate - Other
 
$
733
 
Income approach
 
Liquidation adjustment for distressed sales
 
 
-40.0
%
 
-40.0
%
Commercial Real Estate - Other
 
$
125
 
Cost approach
 
Liquidation adjustment for distressed sales
 
 
-40.0
%
 
-40.0
%
Commercial Real Estate - Other
 
$
1,121
 
Sales comparison approach
 
Adjustment for differences between comparable sales
 
 
82.9% to -71.6
%
 
-11.7
%
Commercial Real Estate - Other
 
$
4
 
Settlement Contract
 
Adjustment for difference between loan balance and settlement value
 
 
-91.8
%
 
-91.8
%
 
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:
 
 
 
2015
 
2014
 
 
 
 
 
 
Estimated
 
 
 
Estimated
 
 
 
Carrying
 
Fair
 
Carrying
 
Fair
 
 
 
Amount
 
Value
 
Amount
 
Value
 
Financial Assets:
 
 
 
 
 
 
 
 
 
 
 
 
 
Level 1 inputs:
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
 
$
10,544
 
$
10,544
 
$
11,125
 
$
11,125
 
Level 2 inputs:
 
 
 
 
 
 
 
 
 
 
 
 
 
Certificates of deposits in other financial institutions
 
 
4,470
 
 
4,456
 
 
2,703
 
 
2,703
 
Loans held for sale
 
 
462
 
 
468
 
 
559
 
 
570
 
Accrued interest receivable
 
 
1,035
 
 
1,035
 
 
1,048
 
 
1,048
 
Level 3 inputs:
 
 
 
 
 
 
 
 
 
 
 
 
 
Securities held-to-maturity
 
 
3,655
 
 
3,722
 
 
3,000
 
 
3,040
 
Loans, net
 
 
226,087
 
 
226,915
 
 
222,561
 
 
223,128
 
Financial Liabilities:
 
 
 
 
 
 
 
 
 
 
 
 
 
Level 2 inputs:
 
 
 
 
 
 
 
 
 
 
 
 
 
Demand and savings deposits
 
 
266,635
 
 
266,635
 
 
243,222
 
 
243,222
 
Time deposits
 
 
66,361
 
 
66,498
 
 
70,675
 
 
70,583
 
Short-term borrowings
 
 
19,838
 
 
19,838
 
 
19,489
 
 
19,489
 
Federal Home Loan Bank advances
 
 
6,240
 
 
6,537
 
 
6,296
 
 
6,655
 
Accrued interest payable
 
 
41
 
 
41
 
 
44
 
 
44