Note

– Securities

Available –for-Sale	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
September 30 , 2019
Obligations of U.S. government-sponsored entities and agencies	$	14,646	$	184	$	(13	)	$	14,817
Obligations of state and political subdivisions		55,737		1,966		(4	)		57,699
U.S. Government-sponsored mortgage-backed securities–residential		54,497		576		(209	)		54,864
U.S. Government-sponsored mortgage-backed securities– commercial		1,651		11		(2	)		1,660
U.S. Government-sponsored collateralized mortgage obligations– residential		8,378		201		(16	)		8,563
Total available-for-sale securities	$	134,909	$	2,938	$	(244	)	$	137,603

Held-to-Maturity	Amortized Cost		Gross Unrecognized Gains		Gross Unrecognized Losses		Fair Value
September 30 , 2019
Obligations of state and political subdivisions	$	3,686	$	78	$	—	$	3,764
Total held-to-maturity securities	$	3,686	$	78	$	—	$	3,764

Available–for-Sale	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
June 30, 201 9
Obligations of U.S. government-sponsored entities and agencies	$	19,227	$	287	$	(1	)	$	19,513
Obligations of state and political subdivisions		56,405		1,557		(33	)		57,929
U.S. Government-sponsored mortgage-backed securities – residential		56,309		450		(448	)		56,311
U.S. Government-sponsored collateralized mortgage obligations – residential		10,087		198		(28	)		10,257
Total available-for-sale securities	$	142,028	$	2,492	$	(510	)	$	144,010

Held-to-Maturity	Amortized Cost		Gross Unrecognized Gains		Gross Unrecognized Losses		Fair Value
June 30, 201 9
Obligations of state and political subdivisions	$	3,786	$	35	$	—	$	3,821
Total held-to-maturity securities	$	3,786	$	35	$	—	$	3,821

Proceeds from the sale and call of available-for-sale securities were as follows:

	Three Months Ended September 30,
	2019		2018
Proceeds from sales and calls	$	4,460	$	2,573
Gross realized gains		106		593
Gross realized losses		—		6

The income tax provision related to the net realized gains amounted to

$22

for the

three

months ended

September 30, 2019.

The income tax benefit related to the net realized losses amounted to

$124

for the

three

months ended

September 30, 2018.

The amortized cost and fair values of debt securities at

September 30, 2019,

by expected maturity, are shown below. Expected maturities will differ from contractual maturities because borrowers

may

have the right to call or prepay obligations with or without call or prepayment penalties. Securities

not

due at a single maturity date, primarily mortgage-backed securities, are shown separately.

Available-for-Sale	Amortized Cost		Estimated Fair Value
Due in one year or less	$	5,362	$	5,382
Due after one year through five years		14,540		14,802
Due after five years through ten years		23,261		23,727
Due after ten years		27,220		28,605
Total		70,383		72,516

U.S. Government-sponsored mortgage-backed and related securities		64,526		65,087
Total available-for-sale securities	$	134,909	$	137,603

Held-to-Maturity
Due after five years through ten years	$	451	$	472
Due after ten years		3,235		3,292
Total held-to-maturity securities	$	3,686	$	3,764

The following table summarizes the securities with unrealized losses at

September 30, 2019

and

June 30, 2019,

aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position:

	Less than 12 Months					12 Months or more					Total
Available-for-sale	Fair Value		Unrealized Loss			Fair Value		Unrealized Loss			Fair Value		Unrealized Loss
September 30, 2019
Obligations of US government-sponsored entities and agencies	$	2,668	$	(13	)	$	—	$	—		$	2,668	$	(13	)
Obligations of states and political subdivisions		1,780		(3	)		209		(1	)		1,989		(4	)
U.S. Government-sponsored mortgage-backed securities – residential		2,558		(6	)		29,328		(203	)		31,886		(209	)
U.S. Government-sponsored mortgage-backed securities – commercial		705		(2	)		—		—			705		(2	)
U.S. Government-sponsored collateralized mortgage obligations – residential		462		(1	)		1,486		(15	)		1,948		(16	)
Total temporarily impaired	$	8,173	$	(25	)	$	31,023	$	(219	)	$	39,196	$	(244	)

	Less than 12 Months				12 Months or more					Total
Available-for-sale	Fair Value		Unrealized Loss		Fair Value		Unrealized Loss			Fair Value		Unrealized Loss
June 30, 201 9
Obligations of U.S. government-sponsored entities and agencies	$	—	$	—	$	998	$	(1	)	$	998	$	(1	)
Obligations of states and political subdivisions		—		—		5,201		(33	)		5,201		(33	)
U.S. Government-sponsored mortgage-backed securities – residential		—		—		36,362		(448	)		36,362		(448	)
U.S. Government-sponsored collateralized mortgage obligations - residential		—		—		3,277		(28	)		3,277		(28	)
Total temporarily impaired	$	—	$	—	$	45,838	$	(510	)	$	45,838	$	(510	)

Management evaluates securities for other-than-temporary impairment (OTTI) on a quarterly basis, and more frequently when economic or market conditions warrant such an evaluation. The securities portfolio is evaluated for OTTI by segregating the portfolio into

two

general segments and applying the appropriate OTTI model. Investment securities are generally evaluated for OTTI under FASB ASC Topic

320,

Accounting for Certain Investments in Debt and Equity Securities

In determining OTTI under the ASC Topic

320

model, management considers many factors, including: (

) the length of time and the extent to which the fair value has been less than cost, (

) the financial condition and near-term prospects of the issuer, (

) whether the market decline was affected by macroeconomic conditions, and (

) whether the entity has the intent to sell the debt security or more likely than

not

will be required to sell the debt security before its anticipated recovery. The assessment of whether an other-than-temporary decline exists involves a high degree of subjectivity and judgment and is based on the information available to management at a point in time.

The unrealized losses within the securities portfolio as of

September 30, 2019

have

not

been recognized into income because the decline in fair value is

not

attributed to credit quality and management does

not

intend to sell, and it is

not

likely that management will be required to sell, the securities prior to their anticipated recovery. The decline in fair value within the securities portfolio is largely due to changes in interest rates and the fair value is expected to recover as the securities approach maturity. The mortgage-backed securities and collateralized mortgage obligations were primarily issued by Fannie Mae, Freddie Mac and Ginnie Mae, institutions which the government has affirmed its commitment to support. The Corporation does

not

own any private label mortgage-backed securities.