Investment Securities

6 Months Ended

Dec. 31, 2016

Investments, Debt and Equity Securities [Abstract]

Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block]

3. Investment Securities

The following table summarizes the amortized cost and fair value of securities available-for-sale and securities held-to-maturity at December 31, 2016 and June 30, 2016, the corresponding amounts of gross unrealized gains recognized in accumulated other comprehensive income and gross unrecognized gains and losses:

	December 31, 2016
(in thousands)	Amortized cost		Gross unrealized/ unrecognized gains		Gross unrealized/ unrecognized losses		Estimated fair value
Available-for-sale Securities
Agency mortgage-backed: residential	$	78	$	1	$	—	$	79
FHLMC stock		8		99		—		107
	$	86	$	100	$	—	$	186
Held-to-maturity Securities
Agency mortgage-backed: residential	$	1,768	$	54	$	9	$	1,813
U.S. Treasury notes		6,500		—		—		6,500
Agency bonds		1,007		—		—		1,007
	$	9,275	$	54	$	9	$	9,320

			June 30, 2016
(in thousands)	Amortized cost		Gross unrealized/ unrecognized gains		Gross unrealized/ unrecognized losses		Estimated fair value
Available-for-sale Securities
Agency mortgage-backed: residential	$	79	$	2	$	—	$	81
FHLMC stock		8		45		—		53
	$	87	$	47	$	—	$	134
Held-to-maturity Securities
Agency mortgage-backed: residential	$	2,048	$	70	$	2	$	2,118
Agency bonds		2,031		2		1		2,033
	$	4,079	$	72	$	3	$	4,151

At December 31, 2016, the Company’s equity securities consist of Federal Home Loan Mortgage Company (FHLMC or Freddie Mac) stock, while our debt securities consist of agency bonds, U.S. Treasury Notes and mortgage-backed securities. Mortgage-backed securities do not have a single maturity date. The amortized cost and fair value of held-to-maturity debt securities are shown by contractual maturity. Securities not due at a single maturity date are shown separately.

	December 31, 2016
(in thousands)	Amortized Cost		Fair Value
Held-to-maturity Securities
Within one year	$	7,000	$	7,000
One to five years		507		507
Mortgage-backed		1,768		1,813
	$	9,275	$	9,320

Our pledged securities totaled $652,000 and $1.7 million at December 31, 2016, and June 30, 2016, respectively.

There were no sales of investment securities during the six month periods ended December 31, 2016 and 2015.