Securities (Tables)

6 Months Ended

Dec. 31, 2015

Securities at December 31, 2015 consisted of the following:

(In thousands)	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Fair Value
Securities available-for-sale:
U.S. government sponsored enterprises	$	4,597	$	190	$	-	$	4,787
State and political subdivisions		53,113		7		-		53,120
Mortgage-backed securities-residential		7,046		114		25		7,135
Mortgage-backed securities-multi-family		23,108		589		11		23,686
Asset-backed securities		6		-		1		5
Corporate debt securities		4,537		175		9		4,703
Total debt securities		92,407		1,075		46		93,436
Equity securities		62		84		-		146
Total securities available-for-sale		92,469		1,159		46		93,582
Securities held-to-maturity:
U.S. government sponsored enterprises		2,000		-		45		1,955
State and political subdivisions		90,038		3,371		29		93,380
Mortgage-backed securities-residential		14,582		598		-		15,180
Mortgage-backed securities-multi-family		68,216		1,083		450		68,849
Corporate debt securities		1,000		-		-		1,000
Other securities		1,718		-		19		1,699
Total securities held-to-maturity		177,554		5,052		543		182,063
Total securities	$	270,023	$	6,211	$	589	$	275,645

Securities at June 30, 2015 consisted of the following:

(In thousands)	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Fair Value
Securities available-for-sale:
U.S. government sponsored enterprises	$	7,608	$	247	$	-	$	7,855
State and political subdivisions		39,574		9		1		39,582
Mortgage-backed securities-residential		7,797		155		10		7,942
Mortgage-backed securities-multi-family		25,291		486		42		25,735
Asset-backed securities		10		-		1		9
Corporate debt securities		4,544		242		12		4,774
Total debt securities		84,824		1,139		66		85,897
Equity securities		62		75		-		137
Total securities available-for-sale		84,886		1,214		66		86,034
Securities held-to-maturity:
U.S. government sponsored enterprises		2,000		-		49		1,951
State and political subdivisions		81,501		2,137		187		83,451
Mortgage-backed securities-residential		17,468		768		-		18,236
Mortgage-backed securities-multi-family		67,239		990		665		67,564
Other securities		792		-		18		774
Total securities held-to-maturity		169,000		3,895		919		171,976
Total securities	$	253,886	$	5,109	$	985	$	258,010

Securities in Continuous Unrealized Loss Position

The following table shows fair value and gross unrealized losses, aggregated by security category and length of time that individual securities have been in a continuous unrealized loss position, at December 31, 2015.

	Less Than 12 Months						More Than 12 Months						Total
(In thousands, except number of securities)	Fair Value		Unrealized Losses		Number of Securities		Fair Value		Unrealized Losses		Number of Securities		Fair Value		Unrealized Losses		Number of Securities
Securities available-for-sale:
Mortgage-backed securities-residential	$	-	$	-		-	$	1,492	$	25		1	$	1,492	$	25		1
Mortgage-backed securities-multi-family		-		-		-		2,613		11		2		2,613		11		2
Asset-backed securities		-		-		-		5		1		1		5		1		1
Corporate debt securities		-		-		-		764		9		2		764		9		2
Total securities available-for-sale		-		-		-		4,874		46		6		4,874		46		6
Securities held-to-maturity:
U.S. government sponsored enterprises		-		-		-		1,955		45		1		1,955		45		1
State and political subdivisions		647		3		7		2,514		26		13		3,161		29		20
Mortgage-backed securities-multi-family		7,117		66		2		30,773		384		7		37,890		450		9
Other securities		581		3		2		537		16		2		1,118		19		4
Total securities held-to-maturity		8,345		72		11		35,779		471		23		44,124		543		34
Total securities	$	8,345	$	72		11	$	40,653	$	517		29	$	48,998	$	589		40

	Less Than 12 Months						More Than 12 Months						Total
(In thousands, except number of securities)	Fair Value		Unrealized Losses		Number of Securities		Fair Value		Unrealized Losses		Number of Securities		Fair Value		Unrealized Losses		Number of Securities
Securities available-for-sale:
State and political subdivisions	$	799	$	1		1	$	-	$	-			$	799	$	1		1
Mortgage-backed securities-residential		-		-		-		1,630		10		1		1,630		10		1
Mortgage-backed securities-multi-family		2,023		26		1		753		16		1		2,776		42		2
Asset-backed securities		-		-		-		9		1		1		9		1		1
Corporate debt securities		273		2		1		491		10		2		764		12		3
Total securities available-for-sale		3,095		29		3		2,883		37		5		5,978		66		8
Securities held-to-maturity:
U.S. government sponsored enterprises		-		-		-		1,951		49		1		1,951		49		1
State and political subdivisions		11,171		143		49		1,221		44		9		12,392		187		58
Mortgage-backed securities-multi-family		14,464		100		4		28,187		565		6		42,651		665		10
Other securities		334		11		1		202		7		1		536		18		2
Total securities held-to-maturity		25,969		254		54		31,561		665		17		57,530		919		71
Total securities	$	29,064	$	283		57	$	34,444	$	702		22	$	63,508	$	985		79

Investments Classified by Contractual Maturity Date

The estimated fair values of debt securities at December 31, 2015, by contractual maturity are shown below. Expected maturities may differ from contractual maturities, because issuers may have the right to call or prepay obligations with or without call or prepayment penalties.

(In thousands)

Available-for-sale debt securities	Amortized Cost		Fair Value
Within one year	$	54,068	$	54,113
After one year through five years		8,179		8,497
After five years through ten years		-		-
After ten years		-		-
Total available-for-sale debt securities		62,247		62,610
Mortgage-backed and asset-backed securities		30,160		30,826
Equity securities		62		146
Total available-for-sale securities		92,469		93,582

Held-to-maturity debt securities
Within one year		12,908		13,128
After one year through five years		51,013		52,355
After five years through ten years		22,290		23,308
After ten years		8,545		9,243
Total held-to-maturity debt securities		94,756		98,034
Mortgage-backed		82,798		84,029
Total held-to-maturity securities		177,554		182,063
Total securities	$	270,023	$	275,645