Securities (Tables)

9 Months Ended

Mar. 31, 2016

Securities [Abstract]

Components of Securities

Securities at March 31, 2016 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	$	4,592	$	293	$	-	$	4,885
State and political subdivisions		63,238		8		-		63,246
Mortgage-backed securities-residential		6,738		159		13		6,884
Mortgage-backed securities-multi-family		22,933		959		1		23,891
Asset-backed securities		5		-		1		4
Corporate debt securities		4,033		154		6		4,181
Total debt securities		101,539		1,573		21		103,091
Equity securities		62		93		-		155
Total securities available-for-sale		101,601		1,666		21		103,246
Securities held-to-maturity:
U.S. government sponsored enterprises		2,000		14		-		2,014
State and political subdivisions		97,729		3,410		7		101,132
Mortgage-backed securities-residential		15,072		621		-		15,693
Mortgage-backed securities-multi-family		73,587		2,047		23		75,611
Corporate debt securities		1,000		-		-		1,000
Other securities		2,188		15		1		2,202
Total securities held-to-maturity		191,576		6,107		31		197,652
Total securities	$	293,177	$	7,773	$	52	$	300,898

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 March 31, 2016.

	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	$	2,406	$	13		2	$	-	$	-			$	2,406	$	13		2
Mortgage-backed securities-multi-family		1,876		1		1		-		-				1,876		1		1
Asset-backed securities		-		-		-		4		1		1		4		1		1
Corporate debt securities		-		-		-		494		6		1		494		6		1
Total securities available-for-sale		4,282		14		3		498		7		2		4,780		21		5
Securities held-to-maturity:
State and political subdivisions		969		6		11		26		1		1		995		7		12
Mortgage-backed securities-multi-family		6,333		23		5		-		-		-		6,333		23		5
Other securities		-		-		-		161		1		1		161		1		1
Total securities held-to-maturity		7,302		29		16		187		2		2		7,489		31		18
Total securities	$	11,584	$	43		19	$	685	$	9		4	$	12,269	$	52		23

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 June 30, 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:
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 March 31, 2016, 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	$	63,694	$	63,723
After one year through five years		8,169		8,589
After five years through ten years		-		-
After ten years		-		-
Total available-for-sale debt securities		71,863		72,312
Mortgage-backed and asset-backed securities		29,676		30,779
Equity securities		62		155
Total available-for-sale securities		101,601		103,246
Held-to-maturity debt securities
Within one year		14,012		14,201
After one year through five years		52,959		54,390
After five years through ten years		25,455		26,601
After ten years		10,491		11,156
Total held-to-maturity debt securities		102,917		106,348
Mortgage-backed		88,659		91,304
Total held-to-maturity securities		191,576		197,652
Total securities	$	293,177	$	300,898