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Derivative and Other Financial Instruments with Off-Balance Sheet Risks (Tables)
 12 Months Ended
Jun. 30, 2013
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Undisbursed Funds Commitments
The following table provides information at the dates indicated regarding undisbursed funds to borrowers on existing lines of credit with the Corporation as well as commitments to originate loans to be held for investment at the dates indicated below.

Commitments
June 30,
2013
June 30,
2012
(Dollars In Thousands)
 
 
Undisbursed loan funds – Construction loans
$
292

$
—

Undisbursed lines of credit – Mortgage loans
774

1,028

Undisbursed lines of credit – Commercial business loans
952

1,340

Undisbursed lines of credit – Consumer loans
779

863

Commitments to extend credit on loans to be held for investment
6,872

1,720

Total
$
9,669

$
4,951
Schedule of Allowance for Loan Losses of Undisbursed Funds and Commitments on Loans Held for Investment
The following table provides information regarding the allowance for loan losses for the undisbursed funds and commitments to extend credit on loans to be held for investment for the years ended June 30, 2013 and 2012.

 
For the Year Ended
June 30,
(In Thousands)
2013
2012
Balance, beginning of the year
$
66

$
94

Provision (recovery)
49

(28
)
Balance, end of the year
$
115

$
66
Schedule of Impact of Derivative Financial Instruments on Gain on Sale of Loans
The net impact of derivative financial instruments on the gain on sale of loans contained in the Consolidated Statements of Operations for the years ended June 30, 2013, 2012 and 2011 was as follows:

(In Thousands)
For the Year Ended June 30,
Derivative Financial Instruments
2013
2012
2011
 
 
 
 
Commitments to extend credit on loans to be held for sale
$
(5,013
)
$
3,343

$
(2,327
)
Mandatory loan sale commitments and TBA MBS trades
8,121

(1,895
)
4,028

Option contracts
214

(360
)
(24
)
Total
$
3,322

$
1,088

$
1,677
Schedule of Outstanding Derivative Instruments
The outstanding derivative financial instruments at the dates indicated were as follows:

(In Thousands)
June 30, 2013
 
June 30, 2012
Derivative Financial Instruments
Amount
Fair
Value
 
Amount
Fair
Value
 
 
 
 
 
 
Commitments to extend credit on loans to be held for sale (1)
$
255,635

$
(1,032
)
 
$
220,357

$
3,981

Best efforts loan sale commitments
(29,847
)
—

 
(30,498
)
—

Mandatory loan sale commitments and TBA MBS trades
(410,897
)
6,805

 
(408,636
)
(1,316
)
Option contracts
(10,000
)
589

 
(15,000
)
36

Total
$
(195,109
)
$
6,362

 
$
(233,777
)
$
2,701


(1) 
Net of 23.6% percent at June 30, 2013 and 33.8% percent at June 30, 2012 of commitments, which management has estimated may not fund.