Securities (Tables)

6 Months Ended

Dec. 31, 2017

Securities at December 31, 2017 consisted of the following:

(In thousands)	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		EstimatedFair Value
Securities available-for-sale:
U.S. government sponsored enterprises	$	5,552	$	83	$	12	$	5,623
State and political subdivisions		71,627		97		4		71,720
Mortgage-backed securities-residential		4,098		41		43		4,096
Mortgage-backed securities-multi-family		19,899		303		131		20,071
Corporate debt securities		1,260		-		3		1,257
Total debt securities		102,436		524		193		102,767
Equity securities		62		140		-		202
Total securities available-for-sale		102,498		664		193		102,969
Securities held-to-maturity:
U.S. government sponsored enterprises		7,246		-		95		7,151
State and political subdivisions		127,725		3,967		205		131,487
Mortgage-backed securities-residential		7,479		184		-		7,663
Mortgage-backed securities-multi-family		94,183		664		399		94,448
Corporate debt securities		1,000		15		-		1,015
Other securities		1,507		19		3		1,523
Total securities held-to-maturity		239,140		4,849		702		243,287
Total securities	$	341,638	$	5,513	$	895	$	346,256

Securities at June 30, 2017 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	$	4,566	$	151	$	-	$	4,717
State and political subdivisions		57,885		227		-		58,112
Mortgage-backed securities-residential		4,868		72		27		4,913
Mortgage-backed securities-multi-family		20,344		483		62		20,765
Asset-backed securities		1		-		-		1
Corporate debt securities		2,765		29		3		2,791
Total debt securities		90,429		962		92		91,299
Equity securities		62		122		-		184
Total securities available-for-sale		90,491		1,084		92		91,483
Securities held-to-maturity:
U.S. government sponsored enterprises		6,000		-		53		5,947
State and political subdivisions		115,805		3,434		95		119,144
Mortgage-backed securities-residential		10,798		274		2		11,070
Mortgage-backed securities-multi-family		88,702		1,259		199		89,762
Corporate debt securities		1,000		-		5		995
Other securities		1,525		21		12		1,534
Total securities held-to-maturity		223,830		4,988		366		228,452
Total securities	$	314,321	$	6,072	$	458	$	319,935

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, 2017.

	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:
U.S. government sponsored enterprises	$	985	$	12		1	$	-	$	-		-	$	985	$	12		1
State and political subdivisions		2,122		4		3		-		-		-		2,122		4		3
Mortgage-backed securities-residential		1,051		43		1		-		-		-		1,051		43		1
Mortgage-backed securities-multi-family		8,129		131		5		-		-		-		8,129		131		5
Corporate debt securities		-		-		-		757		3		2		757		3		2
Total securities available-for-sale		12,287		190		10		757		3		2		13,044		193		12
Securities held-to-maturity:
U.S. government sponsored enterprises		5,181		64		1		1,969		31		1		7,150		95		2
State and political subdivisions		18,840		142		116		3,892		63		35		22,732		205		151
Mortgage-backed securities-multi-family		44,450		388		26		1,424		11		2		45,874		399		28
Other securities		591		3		1		-		-		-		591		3		1
Total securities held-to-maturity		69,062		597		144		7,285		105		38		76,347		702		182
Total securities	$	81,349	$	787		154	$	8,042	$	108		40	$	89,391	$	895		194

	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	$	1,164	$	27		1	$	-	$	-		-	$	1,164	$	27		1
Mortgage-backed securities-multi-family		6,488		62		4		-		-		-		6,488		62		4
Corporate debt securities		760		3		2		-		-		-		760		3		2
Total securities available for sale		8,412		92		7		-		-		-		8,412		92		7
Securities held to maturity:
U.S. government sponsored enterprises		5,947		53		2		-		-		-		5,947		53		2
State and political subdivisions		8,976		76		64		514		19		6		9,490		95		70
Mortgage-backed securities-residential		1,864		2		1		-		-		-		1,864		2		1
Mortgage-backed securities-multi-family		23,823		199		15		-		-		-		23,823		199		15
Corporate debt securities		995		5		1		-		-		-		995		5		1
Other securities		467		11		1		74		1		1		541		12		2
Total securities held to maturity		42,072		346		84		588		20		7		42,660		366		91
Total securities	$	50,484	$	438		91	$	588	$	20		7	$	51,072	$	458		98

Investments Classified by Contractual Maturity Date

The estimated fair values of debt securities at December 31, 2017, 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	$	72,628	$	72,719
After one year through five years		4,814		4,896
After five years through ten years		997		985
After ten years		-		-
Total available-for-sale debt securities		78,439		78,600
Mortgage-backed and asset-backed securities		23,997		24,167
Equity securities		62		202
Total available-for-sale securities		102,498		102,969

Held-to-maturity debt securities
Within one year		18,927		19,112
After one year through five years		62,551		63,626
After five years through ten years		41,479		42,685
After ten years		14,521		15,753
Total held-to-maturity debt securities		137,478		141,176
Mortgage-backed		101,662		102,111
Total held-to-maturity securities		239,140		243,287
Total securities	$	341,638	$	346,256