Advances from Federal Home Loan Bank of Dallas

12 Months Ended

Jun. 30, 2015

Advances from Federal Home Loan Bank of Dallas [Abstract]

Advances from Federal Home Loan Bank of Dallas

Note 7.Advances from Federal Home Loan Bank of Dallas

Pursuant to collateral agreements with the Federal Home Loan Bank of Dallas (FHLB), advances are secured by a blanket floating lien on first mortgage loans.  Total interest expense recognized amounted to $244,000 and $164,000, for fiscal years 2015 and 2014, respectively.

Advances at June 30, 2015 and 2014, consisted of the following:

	Advance Total
Contract Rate	2015		2014
	(In Thousands)
0.00% to 0.99%	$	32,000	$	10,250
1.00% to 1.99%		4,000		--
2.00% to 2.99%		--		--
3.00% to 3.99%		--		--
4.00% to 4.99%		2,411		2,647
Total	$	38,411	$	12,897

Maturities of advances at June 30, 2015 are as follows (in thousands):

Year Ending
June 30,	Amount
2016	$	4,247
2017		32,258
2018		270
2019		282
2020		295
Thereafter		1,059
Total	$	38,411