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Fair Value (Tables)
3 Months Ended
Sep. 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
 
 
 
 
 
September 30, 2015 Using
 
 
 
Balance at
 
 
 
 
 
 
 
 
 
September 30,
2015
 
Level 1
 
Level 2
 
Level 3
 
Assets:
 
 
 
 
 
 
 
 
 
 
 
 
 
Obligations of U.S. government-sponsored entities and agencies
 
$
16,305
 
$
 
$
16,305
 
$
 
Obligations of states and political subdivisions
 
 
51,589
 
 
 
 
51,589
 
 
 
Mortgage-backed securities – residential
 
 
62,532
 
 
 
 
62,532
 
 
 
Mortgage-backed securities – commercial
 
 
1,495
 
 
 
 
1,495
 
 
 
Collateralized mortgage obligations - residential
 
 
5,325
 
 
 
 
5,325
 
 
 
Pooled trust preferred security
 
 
517
 
 
 
 
517
 
 
 
 
 
 
 
 
Fair Value Measurements at
 
 
 
 
 
June 30, 2015 Using
 
 
 
Balance at
 
 
 
 
 
 
 
 
 
June 30, 2015
 
Level 1
 
Level 2
 
Level 3
 
Assets:
 
 
 
 
 
 
 
 
 
 
 
 
 
Obligations of U.S. government-sponsored entities and agencies
 
$
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 - residential
 
 
4,683
 
 
 
 
4,683
 
 
 
Pooled trust preferred security
 
 
540
 
 
 
 
540
 
 
 
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
 
 
 
 
 
September 30, 2015 Using
 
 
 
Balance at
 
 
 
 
 
 
 
 
 
September 30,
2015
 
Level 1
 
Level 2
 
Level 3
 
Impaired loans:
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial Real Estate - Other
 
$
1,954
 
$
 
$
 
$
1,954
 
 
 
 
 
 
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
 
$
1,979
 
$
 
$
 
$
1,979
 
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 September 30, 2015:
 
 
 
Fair
 
Valuation
 
Unobservable
 
 
 
 
Weighted
 
 
 
Value
 
Technique
 
Inputs
 
Range
 
Average
 
Impaired loans:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Liquidation adjustment
 
 
 
 
 
 
 
Commercial Real Estate - Other
 
$
733
 
Income approach
 
for distressed sales
 
 
-40.0%
 
 
-40.0%
 
 
 
 
 
 
 
 
Liquidation adjustment
 
 
 
 
 
 
 
Commercial Real Estate - Other
 
$
125
 
Cost approach
 
for distressed sales
 
 
-40.0%
 
 
-40.0%
 
 
 
 
 
 
 
 
Adjustment for
 
 
 
 
 
 
 
 
 
 
 
 
Sales comparison
 
differences between
 
 
82.9% to
 
 
 
 
Commercial Real Estate - Other
 
$
1,096
 
approach
 
comparable sales
 
 
-38.7%
 
 
-7.5%
 
 
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
 
Valuation
 
Unobservable
 
 
 
 
Weighted
 
 
 
Value
 
Technique
 
Inputs
 
Range
 
Average
 
Impaired loans:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Liquidation adjustment
 
 
 
 
 
 
 
Commercial Real Estate - Other
 
$
733
 
Income approach
 
for distressed sales
 
 
-40.0%
 
 
-40.0%
 
 
 
 
 
 
 
 
Liquidation adjustment
 
 
 
 
 
 
 
Commercial Real Estate - Other
 
$
125
 
Cost approach
 
for distressed sales
 
 
-40.0%
 
 
-40.0%
 
 
 
 
 
 
 
 
Adjustment for
 
 
 
 
 
 
 
 
 
 
 
 
Sales comparison
 
differences between
 
 
82.9% to
 
 
 
 
Commercial Real Estate - Other
 
$
1,121
 
approach
 
comparable sales
 
 
-71.6%
 
 
-11.7%
 
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:
 
 
 
September 30, 2015
 
June 30, 2015
 
 
 
 
 
Estimated
 
 
 
Estimated
 
 
 
Carrying
 
Fair
 
Carrying
 
Fair
 
 
 
Amount
 
Value
 
Amount
 
Value
 
Financial Assets:
 
 
 
 
 
 
 
 
 
 
 
 
 
Level 1 inputs:
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
 
$
13,648
 
$
13,648
 
$
10,544
 
$
10,544
 
Level 2 inputs:
 
 
 
 
 
 
 
 
 
 
 
 
 
Certificates of deposits in other financial institutions
 
 
5,913
 
 
5,910
 
 
4,470
 
 
4,456
 
Loans held for sale
 
 
307
 
 
310
 
 
462
 
 
468
 
Accrued interest receivable
 
 
1,310
 
 
1,310
 
 
1,035
 
 
1,035
 
Level 3 inputs:
 
 
 
 
 
 
 
 
 
 
 
 
 
Securities held-to-maturity
 
 
3,565
 
 
3,712
 
 
3,655
 
 
3,722
 
Loans, net
 
 
231,400
 
 
232,295
 
 
226,087
 
 
226,915
 
Financial Liabilities:
 
 
 
 
 
 
 
 
 
 
 
 
 
Level 2 inputs:
 
 
 
 
 
 
 
 
 
 
 
 
 
Demand and savings deposits
 
 
275,893
 
 
275,893
 
 
266,635
 
 
266,635
 
Time deposits
 
 
64,998
 
 
65,104
 
 
66,361
 
 
66,498
 
Short-term borrowings
 
 
22,229
 
 
22,229
 
 
19,838
 
 
19,838
 
Federal Home Loan Bank advances
 
 
6,225
 
 
6,534
 
 
6,240
 
 
6,537
 
Accrued interest payable
 
 
39
 
 
39
 
 
41
 
 
41