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Disclosures About Fair Value of Assets and Liabilities (Tables)
6 Months Ended
Dec. 31, 2016
Fair Value Disclosures [Abstract]  
Fair Value, Assets Measured on Recurring Basis [Table Text Block]
Financial assets measured at fair value on a recurring basis are summarized below:
 
 
 
 
 
 
Fair Value Measurements Using
 
 
 
 
 
Quoted
 
 
 
 
 
 
 
 
 
Prices in
 
 
 
 
 
 
 
 
 
Active
 
Significant
 
 
 
 
 
 
 
Markets for
 
Other
 
Significant
 
 
 
 
 
Identical
 
Observable
 
Unobservable
 
 
 
 
 
Assets
 
Inputs
 
Inputs
 
(in thousands)
 
Fair Value
 
(Level 1)
 
(Level 2)
 
(Level 3)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
December 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
Agency mortgage-backed: residential
 
$
79
 
$
 
$
79
 
$
 
FHLMC stock
 
 
107
 
 
 
 
107
 
 
 
 
 
$
186
 
$
 
$
186
 
$
 
June 30, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
Agency mortgage-backed: residential
 
$
81
 
$
 
$
81
 
$
 
FHLMC stock
 
 
53
 
 
 
 
53
 
 
 
 
 
$
134
 
$
 
$
134
 
$
 
Fair Value Measurements, Nonrecurring [Table Text Block]
Assets measured at fair value on a non-recurring basis are summarized below:
 
 
 
 
 
 
Fair Value Measurements Using
 
 
 
 
 
Quoted
 
 
 
 
 
 
 
 
 
 
Prices in
 
 
 
 
 
 
 
 
 
 
Active
 
Significant
 
 
 
 
 
 
 
Markets for
 
Other
 
Significant
 
 
 
 
 
Identical
 
Observable
 
Unobservable
 
 
 
 
 
Assets
 
Inputs
 
Inputs
 
(in thousands)
 
Fair Value
 
(Level 1)
 
(Level 2)
 
(Level 3)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
December 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
Other real estate owned, net
 
 
 
 
 
 
 
 
 
 
 
 
 
One- to four-family
 
$
23
 
 
 
 
 
$
23
 
Land
 
 
79
 
 
 
 
 
 
79
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
June 30, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
Other real estate owned, net
 
 
 
 
 
 
 
 
 
 
 
 
 
One- to four-family
 
$
274
 
 
 
 
 
$
274
 
Land
 
 
79
 
 
 
 
 
 
79
 
Fair Value Measurements, Recurring and Nonrecurring [Table Text Block]
The following table presents quantitative information about Level 3 fair value measurements for financial instruments measured at fair value on a non-recurring basis at December 31, 2016 and June 30, 2016:
 
 
 
 
 
 
 
 
 
Range
 
 
Fair Value
 
Valuation
 
Unobservable
 
(Weighted
December 31, 2016
 
(in thousands)
 
Technique(s)
 
Input(s)
 
Average)
Foreclosed and repossessed assets:
 
 
 
 
 
 
 
 
 
1-4 family
 
$
23
 
Sales comparison approach
 
Adjustments for differences between comparable sales
 
-14.4% to 21.0% (6.9%)
Land
 
$
79
 
Sales comparison approach
 
Adjustments for differences between comparable sales
 
3.5% to 6.6% (5.4%)
 
 
 
 
 
 
 
 
 
Range
 
 
Fair Value
 
Valuation
 
Unobservable
 
(Weighted
June 30, 2016
 
(in thousands)
 
Technique(s)
 
Input(s)
 
Average)
Foreclosed and repossessed assets:
 
 
 
 
 
 
 
 
 
1-4 family
 
$
274
 
Sales comparison approach
 
Adjustments for differences between comparable sales
 
-24.0% to 15.2% (-5.1%)
Land
 
$
79
 
Sales comparison approach
 
Adjustments for differences between comparable sales
 
3.5% to 6.6% (5.0%)
Fair Value, by Balance Sheet Grouping [Table Text Block]
Based on the foregoing methods and assumptions, the carrying value and fair value of the Company’s financial instruments at December 31, 2016 and June 30, 2016 are as follows:
 
 
 
 
 
 
Fair Value Measurements at
 
(in thousands)
 
Carrying
 
December 31, 2016 Using
 
 
 
Value
 
Level 1
 
Level 2
 
Level 3
 
Total
 
Financial assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
 
$
12,520
 
$
12,520
 
 
 
 
 
 
 
$
12,520
 
Term deposits in other financial institutions
 
 
4,699
 
 
4,699
 
 
 
 
 
 
 
 
4,699
 
Available-for-sale securities
 
 
186
 
 
 
 
$
186
 
 
 
 
 
186
 
Held-to-maturity securities
 
 
9,275
 
 
 
 
 
9,320
 
 
 
 
 
9,320
 
Loans held for sale
 
 
255
 
 
 
 
 
255
 
 
 
 
 
255
 
Loans receivable - net
 
 
247,257
 
 
 
 
 
 
 
 
250,777
 
 
250,777
 
Federal Home Loan Bank stock
 
 
6,482
 
 
 
 
 
 
 
 
 
 
 
n/a
 
Accrued interest receivable
 
 
676
 
 
 
 
 
13
 
 
663
 
 
676
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Financial liabilities
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Deposits
 
$
183,097
 
$
80,908
 
$
102,237
 
 
 
 
 
183,145
 
Federal Home Loan Bank advances
 
 
53,110
 
 
 
 
 
53,464
 
 
 
 
 
53,464
 
Advances by borrowers for taxes and insurance
 
 
242
 
 
242
 
 
 
 
 
 
 
 
242
 
Accrued interest payable
 
 
29
 
 
 
 
 
29
 
 
 
 
 
29
 
 
 
 
 
 
 
Fair Value Measurements at
 
(in thousands)
 
Carrying
 
June 30, 2016 Using
 
 
 
Value
 
Level 1
 
Level 2
 
Level 3
 
Total
 
Financial assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
 
$
13,108
 
$
13,108
 
 
 
 
 
 
 
$
13,108
 
Term deposits in other financial institutions
 
 
3,711
 
 
3,711
 
 
 
 
 
 
 
 
3,711
 
Available-for-sale securities
 
 
134
 
 
 
 
$
134
 
 
 
 
 
134
 
Held-to-maturity securities
 
 
4,079
 
 
 
 
 
4,151
 
 
 
 
 
4,151
 
Loans receivable – net
 
 
238,468
 
 
 
 
 
 
 
$
242,456
 
 
242,456
 
Federal Home Loan Bank stock
 
 
6,482
 
 
 
 
 
 
 
 
 
 
 
n/a
 
Accrued interest receivable
 
 
710
 
 
 
 
 
21
 
 
689
 
 
710
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Financial liabilities
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Deposits
 
$
188,572
 
$
81,814
 
$
106,820
 
 
 
 
$
188,634
 
Federal Home Loan Bank advances
 
 
33,211
 
 
 
 
 
33,517
 
 
 
 
 
33,517
 
Advances by borrowers for taxes and insurance
 
 
741
 
 
741
 
 
 
 
 
 
 
 
741
 
Accrued interest payable
 
 
22
 
 
 
 
 
22
 
 
 
 
 
22