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DISCLOSURES ABOUT FAIR VALUE OF ASSETS AND LIABILITIES (Tables)
3 Months Ended
Sep. 30, 2016
Fair Value Disclosures [Abstract]  
Fair Value, by Balance Sheet Grouping [Table Text Block]
The estimated fair values of the Company’s financial instruments at September 30, 2016 and June 30, 2016 are as follows:
 
 
 
September 30, 2016
 
June 30, 2016
 
 
 
Carrying
 
Fair
 
Carrying
 
Fair
 
 
 
Amounts
 
Value
 
Amounts
 
Value
 
 
 
(In thousands)
 
Financial assets:
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and interest-bearing deposits
 
$
28,173
 
$
28,173
 
$
28,980
 
$
28,980
 
Investment securities available for sale
 
 
75,240
 
 
75,240
 
 
77,725
 
 
77,725
 
Investment securities held to maturity
 
 
40,676
 
 
42,580
 
 
40,763
 
 
43,201
 
Mortgage-backed securities
 
 
73,051
 
 
73,051
 
 
74,727
 
 
74,727
 
Loans receivable and loans receivable held for sale
 
 
274,818
 
 
276,306
 
 
267,921
 
 
270,595
 
Accrued interest receivable
 
 
1,767
 
 
1,767
 
 
1,882
 
 
1,882
 
Investment in FHLB stock
 
 
3,527
 
 
3,527
 
 
3,527
 
 
3,527
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Financial liabilities:
 
 
 
 
 
 
 
 
 
 
 
 
 
Deposits
 
 
441,974
 
 
442,855
 
 
438,885
 
 
439,834
 
Accrued interest payable
 
 
20
 
 
20
 
 
22
 
 
22
 
FHLB advances
 
 
12,000
 
 
12,286
 
 
12,000
 
 
12,322
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Off-balance sheet items
 
$
 
$
 
$
 
$
 
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]
Fair value measurements for certain assets and liabilities measured at fair value on a recurring basis:
 
 
 
 
 
 
 
Significant
 
Significant
 
 
 
 
 
Quoted prices in
 
other
 
other
 
 
 
 
 
active markets
 
observable
 
unobservable
 
 
 
 
 
for identical
 
inputs
 
inputs
 
 
 
Total
 
assets (Level 1)
 
(Level 2)
 
(Level 3)
 
 
 
(In thousands)
 
September 30, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Mortgage-backed securities
 
$
73,051
 
$
 
$
73,051
 
$
 
Municipal bonds
 
 
37,061
 
 
 
 
37,061
 
 
 
Small Business Administration
 
 
7,633
 
 
 
 
7,633
 
 
 
Collateralized Mortgage Obligations
 
 
27,314
 
 
 
 
27,314
 
 
 
Certificates of Deposit
 
 
3,070
 
 
 
 
3,070
 
 
 
Other equity securities
 
 
162
 
 
162
 
 
 
 
 
Mortgage servicing rights
 
 
694
 
 
 
 
694
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
June 30, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
Mortgage-backed securities
 
$
74,727
 
$
 
$
74,727
 
$
 
Municipal bonds
 
 
34,790
 
 
 
 
34,790
 
 
 
Small Business Administration
 
 
7,872
 
 
 
 
7,872
 
 
 
Collateralized Mortgage Obligations
 
 
31,832
 
 
 
 
31,832
 
 
 
Certificatesof Deposit
 
 
3,064
 
 
 
 
3,064
 
 
 
Other equity securities
 
 
167
 
 
167
 
 
 
 
 
Mortgage servicing rights
 
 
639
 
 
 
 
639
 
 
 
Fair Value Assets Liabilities Measured on Nonrecurring Basis [Table Text Block]
Fair value measurements for certain assets and liabilities measured at fair value on a nonrecurring basis:
 
 
 
 
 
 
 
Significant
 
Significant
 
 
 
 
 
Quoted prices in
 
other
 
other
 
 
 
 
 
active markets
 
observable
 
unobservable
 
 
 
 
 
for identical
 
inputs
 
inputs
 
 
 
Total
 
assets (Level 1)
 
(Level 2)
 
(Level 3)
 
 
 
(In thousands)
 
September 30, 2016:
 
 
 
 
 
 
 
 
 
 
 
 
 
Other real estate owned
 
$
70
 
$
 
$
70
 
$
 
Loans held for sale
 
 
1,642
 
 
 
 
1,642
 
 
 
Impaired loans
 
 
5,315
 
 
 
 
5,315
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
June 30, 2016:
 
 
 
 
 
 
 
 
 
 
 
 
 
Other real estate owned
 
$
70
 
$
 
$
70
 
$
 
Loans held for sale
 
 
783
 
 
 
 
783
 
 
 
Impaired loans
 
 
5,216
 
 
 
 
5,216
 
 
 
Fair Value Assets Liabilities Measured on Recurring and Nonrecurring Basis [Table Text Block]
The following table presents fair value measurements for the Company’s financial instruments which are not recognized at fair value in the accompanying statements of financial position on a recurring or nonrecurring basis.
 
 
 
 
 
Quoted prices
 
Significant
 
Significant
 
 
 
 
 
in active
 
other
 
other
 
 
 
 
 
markets for
 
observable
 
unobservable
 
 
 
 
 
identical assets
 
inputs
 
inputs
 
 
 
Total
 
(Level 1)
 
(Level 2)
 
(Level 3)
 
September 30, 2016:
 
 
 
 
 
 
 
 
 
 
 
 
 
Financial assets:
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and interest-bearing deposits
 
$
28,173
 
$
28,173
 
$
 
$
 
Investment securities held to maturity
 
 
42,580
 
 
 
 
42,580
 
 
 
Loans receivable and loans held for sale
 
 
276,306
 
 
 
 
276,306
 
 
 
Accrued interest receivable
 
 
1,767
 
 
 
 
1,767
 
 
 
Investment in FHLB stock
 
 
3,527
 
 
 
 
3,527
 
 
 
Financial liabilities:
 
 
 
 
 
 
 
 
 
 
 
 
 
Deposits
 
 
442,855
 
 
 
 
442,855
 
 
 
Accrued interest payable
 
 
20
 
 
 
 
20
 
 
 
FHLB advances
 
 
12,286
 
 
 
 
12,286
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
June 30, 2016:
 
 
 
 
 
 
 
 
 
 
 
 
 
Financial assets:
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and interest-bearing deposits
 
$
28,980
 
$
28,980
 
$
 
$
 
Investment securities held to maturity
 
 
43,201
 
 
 
 
43,201
 
 
 
Loans receivable and loans held for sale
 
 
270,595
 
 
 
 
270,595
 
 
 
Accrued interest receivable
 
 
1,882
 
 
 
 
1,882
 
 
 
Investment in FHLB stock
 
 
3,527
 
 
 
 
3,527
 
 
 
Financial liabilities:
 
 
 
 
 
 
 
 
 
 
 
 
 
Deposits
 
 
439,834
 
 
 
 
439,834
 
 
 
Accrued interest payable
 
 
22
 
 
 
 
22
 
 
 
FHLB advances
 
 
12,322
 
 
 
 
12,322