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FAIR VALUE MEASUREMENTS (Tables)
12 Months Ended
Jun. 30, 2015
FAIR VALUE MEASUREMENTS  
Schedule of assets and liabilities measured at fair value on a recurring basis
Fair Value Measurements
(Level 2)
(Level 3)
(Level 2)
June 30,
2015
June 30,
2014
Financial assets:
Securities available-for-sale
$ 111,167 $ $ 103,806
Loan servicing rights
1,396
Total financial assets
$ 111,167 $ 1,396 $ 103,806
Schedule of assets measured at fair value on a non-recurring basis
Fair Value Measurements
(Level 3)
(Level 3)
June 30,
2015
June 30,
2014
Financial assets:
Impaired real estate loans, with specific allocations:
One-to-four family
$ 1,157 $ 1,221
Non-financial assets:
Real estate owned, net:
One-to-four family
1,335 744
Nonresidential
365
Construction and land
392
Total non-financial assets
2,092 744
Total assets measured at fair value on a non-recurring basis
$ 3,249 $ 1,965
Schedule of reconciliation of all assets measured at fair value on a recurring basis using significant unobservable inputs Level 3
Fair Value
Measurements
(Level 3)
Year Ended
June 30,
2015
Balance at beginning of year:
$
Purchases
1,369
Total gains included in earnings
27
Balance at end of year:
$ 1,396
Schedule of valuation methodology and unobservable inputs for Level 3 assets measured at fair value on a non-recurring basis
Level 3 Quantitative Information
June 30,
2015
June 30,
2014
Valuation
Technique
Unobservable
Inputs
Range (Weighted
Average)
Fair Value
Fair Value
Impaired real estate loans net, with specific allocations: One-to-four family
$ 1,157 $ 1,221
Sales comparison
approach
Adjustment for
differences
between the
comparable sales
0% to 30% (15%)
Real estate owned net:
One-to-four family
$ 1,335 $ 744
Sales comparison
approach
Adjustment for
differences
between the
comparable sales
0% to 20% (10%)
Nonresidential
365
Sales comparison
approach
Adjustment for
differences
between the
comparable sales
0% to 20% (10%)
Construction and land
392
Sales comparison
approach
Adjustment for
differences
between the
comparable sales
0% to 20% (10%)
Schedule of carrying amounts and estimated fair values of the Company's on-balance sheet financial instruments
June 30, 2015
Carrying
Amount
Fair Value
(Level 1)
(Level 2)
(Level 3)
Total
Financial assets
Securities available-for-sale
$ 111,167 $ $ 111,167 $ $ 111,167
Loans, net
308,259 310,116 310,116
Loans held for sale
118 118 118
Loan servicing rights
1,396 1,396 1,396
Restricted equity securities
440 N/A N/A N/A N/A
Financial liabilities
Deposits
$ 394,184 $ 137,618 $ 256,681 $ $ 394,299
June 30, 2014
Carrying
Amount
Fair Value
(Level 1)
(Level 2)
(Level 3)
Total
Financial assets
Securities available-for-sale
$ 103,806 $ $ 103,806 $ $ 103,806
Loans, net
229,931 233,176 233,176
Restricted equity securities(1)
325 N/A N/A N/A N/A
Financial liabilities
Deposits
$ 281,015 $ 80,904 $ 200,662 $ $ 281,566
(1)
It was not practicable to determine fair value of restricted equity securities due to restrictions placed on transferability.
(2)
Loans held for sale are carried at the lower of cost or fair value, which is evaluated on a pool-level basis. The fair value of loans held for sale is determined using quoted prices for similar assets, adjusted for specific attributes of that loan or other observable market data, such as outstanding commitments from third party investors and result in a Level 2 classification.