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Fair Value (Tables)
6 Months Ended
Dec. 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
 
 
 
 
 
December 31, 2015 Using
 
 
 
Balance at
December 31,
2015
 
Level 1
 
Level 2
 
Level 3
 
Assets:
 
 
 
 
 
 
 
 
 
 
 
 
 
Obligations of U.S. government-sponsored entities and agencies
 
$
14,011
 
$
 
$
14,011
 
$
 
Obligations of states and political subdivisions
 
 
53,634
 
 
 
 
53,634
 
 
 
Mortgage-backed securities – residential
 
 
62,731
 
 
 
 
62,731
 
 
 
Mortgage-backed securities – commercial
 
 
1,478
 
 
 
 
1,478
 
 
 
Collateralized mortgage obligations - residential
 
 
4,938
 
 
 
 
4,938
 
 
 
Pooled trust preferred security
 
 
475
 
 
 
 
475
 
 
 
 
 
 
 
 
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
 
 
 
 
 
December 31, 2015 Using
 
 
 
Balance at
December 31,
2015
 
Level 1
 
Level 2
 
Level 3
 
Impaired loans:
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial Real Estate - Other
 
$
1,954
 
$
 
$
 
$
1,954
 
1-4 Family residential real estate
 
 
 
 
 
 
 
 
 
 
 
 
 
Non-owner occupied
 
 
336
 
 
 
 
 
 
336
 
 
 
 
 
 
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 December 31, 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
 
$
1,096
 
Sales comparison approach
 
Adjustment for differences between comparable sales
 
 

82.9% to
-38.7
%
 
-7.5
%
1-4 Family residential real estate non-owner occupied
 
$
336
 
Sales comparison approach
 
Adjustment for differences between comparable sales
 
 

38.6% to
-4.7
%
 
20.7
%
 
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
%
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:
 
 
 
December 31, 2015
 
June 30, 2015
 
 
 
Carrying
Amount
 
Estimated
Fair
Value
 
Carrying
Amount
 
Estimated
Fair
Value
 
Financial Assets:
 
 
 
 
 
 
 
 
 
 
 
 
 
Level 1 inputs:
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
 
$
9,888
 
$
9,888
 
$
10,544
 
$
10,544
 
Level 2 inputs:
 
 
 
 
 
 
 
 
 
 
 
 
 
Certificates of deposits in other financial institutions
 
 
5,415
 
 
5,415
 
 
4,470
 
 
4,456
 
Loans held for sale
 
 
285
 
 
292
 
 
462
 
 
468
 
Accrued interest receivable
 
 
1,057
 
 
1,057
 
 
1,035
 
 
1,035
 
Level 3 inputs:
 
 
 
 
 
 
 
 
 
 
 
 
 
Securities held-to-maturity
 
 
3,530
 
 
3,633
 
 
3,655
 
 
3,722
 
Loans, net
 
 
238,414
 
 
239,091
 
 
226,087
 
 
226,915
 
Financial Liabilities:
 
 
 
 
 
 
 
 
 
 
 
 
 
Level 2 inputs:
 
 
 
 
 
 
 
 
 
 
 
 
 
Demand and savings deposits
 
 
278,092
 
 
278,092
 
 
266,635
 
 
266,635
 
Time deposits
 
 
64,575
 
 
64,652
 
 
66,361
 
 
66,498
 
Short-term borrowings
 
 
19,654
 
 
19,654
 
 
19,838
 
 
19,838
 
Federal Home Loan Bank advances
 
 
10,411
 
 
10,567
 
 
6,240
 
 
6,537
 
Accrued interest payable
 
 
40
 
 
40
 
 
41
 
 
41