Other-Than-Temporary Impairment Losses (Tables)

3 Months Ended

Jun. 30, 2012

Investments In Available-For-Sale Securities [Abstract]

Summary Of Gross Unrealized Losses And Fair Value, Aggregated By Investment Category And Length Of Time


		Less than 12 Months				12 Months or Longer				Total
		Fair		Unrealized		Fair	Unrealized			Fair		Unrealized
		Value		Losses		Value	Losses			Value		Losses
June 30, 2012:	(In thousands)
Debt securities issued by states of the
United States and political subdivisions
of the states	$	9,024	$	165	$	1,517	$	24	$	10,541	$	189
Debt securities issued by the U.S. Treasury
and other U.S. government corporations
and agencies		--		--		--		--		--		--
Mortgage-backed securities		6,866		58		609		23		7,475		81
Total temporarily impaired securities	$	15,890	$	223	$	2,126	$	47	$	18,016	$	270
Other-than-temporarily impaired securities
Mortgage-backed securities		--		--		513		77		513		77
Total temporarily impaired and
other than temporarily impaired
securities	$	15,890	$	223	$	2,639	$	124	$	18,529	$	347


March 31, 2012:
Debt securities issued by states of the
United States and political subdivisions
of the states	$	3,212	$	37	$	--		--	$	3,212	$	37
Debt securities issued by the U.S. Treasury
and other U.S. government corporations
and agencies		11,219		240		1,502		51		12,721		291
Mortgage-backed securities		6,469		98		1,231		73		7,700		171
Total temporarily impaired securities		20,900		375		2,733		124		23,633		499
Other-than-temporarily impaired securities
Mortgage-backed securities		--		--		372		82		372		82
Total temporarily impaired and
other than temporarily impaired
securities	$	20,900	$	375	$	3,105	$	206	$	24,005	$	581

		Non-Agency
		Mortgage-Backed
		(In thousands)
Balance, April 1, 2012	$	96
Additions for the credit component on debt securities
in which other-than-temporary impairment was
not previously recognized		17

Balance, June 30, 2012	$	113

Significant Assumptions Used In The Valuation Of Non-Agency Mortgage-Backed Securities


	Weighted		Range
	Average		Minimum		Maximum
Prepayment rates	13.8	%	5.1	%	20.1	%
Default rates	11.3		5.4		19.9
Loss severity	46.7		36.4		61.8

- Definition

Tabular disclosure of the amount of other than temporary impairment (OTTI) related to credit losses recognized in earnings including: (a) the beginning balance of the amount related to credit losses on debt securities held by the investor at the beginning of the period for which a portion of an OTTI was recognized in other comprehensive income; (b) additions for the amount related to the credit loss for which an OTTI was not previously recognized; (c) reductions for securities sold during the period (realized); (d) reductions for securities for which the amount previously recognized in other comprehensive income was recognized in earnings because the investor intends to sell the security or more likely than not will be required to sell the security before recovery of its amortized cost basis; (e) additional increases to the amount related to the credit loss for which an OTTI was previously recognized when the investor does not intend to sell the security and it is not more likely than not that the investor will be required to sell the security before recovery of its amortized cost basis; (f) reductions for increases in cash flows expected to be collected that are recognized over the remaining life of the security; and (g) the ending balance of the amount related to credit losses on debt securities held by the entity at the end of the period for which a portion of an OTTI was recognized in other comprehensive income.

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