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Impairment of Securities (Tables)
6 Months Ended
Dec. 31, 2018
Securities Available for Sale [Member]  
Schedule of Fair Values and Gross Unrealized and Unrecognized Losses on Investments The following two tables summarize the fair values and gross unrealized and unrecognized losses within the available for sale and held to maturity portfolios

 

 

December 31, 2018

 

 

Less than 12 Months

 

 

12 Months or More

 

 

Total

 

 

Fair

Value

 

 

Unrealized

Losses

 

 

Fair

Value

 

 

Unrealized

Losses

 

 

Fair

Value

 

 

Unrealized

Losses

 

 

(In Thousands)

 

Securities Available for Sale:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. agency securities

$

765

 

 

$

3

 

 

$

3,177

 

 

$

48

 

 

$

3,942

 

 

$

51

 

Obligations of state and political

  subdivisions

 

3,145

 

 

 

14

 

 

 

21,744

 

 

 

566

 

 

 

24,889

 

 

 

580

 

Asset-backed securities

 

53,235

 

 

 

168

 

 

 

14,942

 

 

 

30

 

 

 

68,177

 

 

 

198

 

Collateralized loan obligations

 

162,821

 

 

 

1,773

 

 

 

14,862

 

 

 

168

 

 

 

177,683

 

 

 

1,941

 

Corporate bonds

 

70,236

 

 

 

2,788

 

 

 

44,383

 

 

 

594

 

 

 

114,619

 

 

 

3,382

 

Trust preferred securities

 

-

 

 

 

-

 

 

 

2,726

 

 

 

241

 

 

 

2,726

 

 

 

241

 

Collateralized mortgage obligations

 

-

 

 

 

-

 

 

 

23,019

 

 

 

940

 

 

 

23,019

 

 

 

940

 

Residential pass-through securities

 

14

 

 

 

-

 

 

 

80,727

 

 

 

2,548

 

 

 

80,741

 

 

 

2,548

 

Commercial pass-through securities

 

-

 

 

 

-

 

 

 

7,833

 

 

 

30

 

 

 

7,833

 

 

 

30

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

$

290,216

 

 

$

4,746

 

 

$

213,413

 

 

$

5,165

 

 

$

503,629

 

 

$

9,911

 

 

 

June 30, 2018

 

 

Less than 12 Months

 

 

12 Months or More

 

 

Total

 

 

Fair

Value

 

 

Unrealized

Losses

 

 

Fair

Value

 

 

Unrealized

Losses

 

 

Fair

Value

 

 

Unrealized

Losses

 

 

(In Thousands)

 

Securities Available for Sale:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. agency securities

$

2,579

 

 

$

43

 

 

$

1,832

 

 

$

20

 

 

$

4,411

 

 

$

63

 

Obligations of state and political

  subdivisions

 

24,443

 

 

 

672

 

 

 

540

 

 

 

37

 

 

 

24,983

 

 

 

709

 

Asset-backed securities

 

-

 

 

 

-

 

 

 

24,728

 

 

 

134

 

 

 

24,728

 

 

 

134

 

Collateralized loan obligations

 

189,258

 

 

 

914

 

 

 

-

 

 

 

-

 

 

 

189,258

 

 

 

914

 

Corporate bonds

 

5,035

 

 

 

4

 

 

 

64,184

 

 

 

790

 

 

 

69,219

 

 

 

794

 

Trust preferred securities

 

-

 

 

 

-

 

 

 

2,783

 

 

 

184

 

 

 

2,783

 

 

 

184

 

Collateralized mortgage obligations

 

4,635

 

 

 

135

 

 

 

19,658

 

 

 

1,224

 

 

 

24,293

 

 

 

1,359

 

Residential pass-through securities

 

63,889

 

 

 

1,921

 

 

 

26,697

 

 

 

1,573

 

 

 

90,586

 

 

 

3,494

 

Commercial pass-through securities

 

3,890

 

 

 

66

 

 

 

3,982

 

 

 

8

 

 

 

7,872

 

 

 

74

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

$

293,729

 

 

$

3,755

 

 

$

144,404

 

 

$

3,970

 

 

$

438,133

 

 

$

7,725

 

 

Securities Held to Maturity [Member]  
Schedule of Fair Values and Gross Unrealized and Unrecognized Losses on Investments

 

 

December 31, 2018

 

 

Less than 12 Months

 

 

12 Months or More

 

 

Total

 

 

Fair

Value

 

 

Unrecognized

Losses

 

 

Fair

Value

 

 

Unrecognized

Losses

 

 

Fair

Value

 

 

Unrecognized

Losses

 

 

(In Thousands)

 

Securities Held to Maturity:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Obligations of state and political

  subdivisions

$

8,438

 

 

$

28

 

 

$

74,429

 

 

$

1,321

 

 

$

82,867

 

 

$

1,349

 

Subordinated debt

 

42,319

 

 

 

410

 

 

 

4,798

 

 

 

201

 

 

 

47,117

 

 

 

611

 

Collateralized mortgage obligations

 

-

 

 

 

-

 

 

 

28,532

 

 

 

771

 

 

 

28,532

 

 

 

771

 

Residential pass-through securities

 

48,722

 

 

 

193

 

 

 

125,969

 

 

 

2,496

 

 

 

174,691

 

 

 

2,689

 

Commercial pass-through securities

 

51,378

 

 

 

416

 

 

 

114,834

 

 

 

722

 

 

 

166,212

 

 

 

1,138

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

$

150,857

 

 

$

1,047

 

 

$

348,562

 

 

$

5,511

 

 

$

499,419

 

 

$

6,558

 

 

 

June 30, 2018

 

 

Less than 12 Months

 

 

12 Months or More

 

 

Total

 

 

Fair

Value

 

 

Unrecognized

Losses

 

 

Fair

Value

 

 

Unrecognized

Losses

 

 

Fair

Value

 

 

Unrecognized

Losses

 

 

(In Thousands)

 

Securities Held to Maturity:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Obligations of state and political

  subdivisions

$

86,678

 

 

$

1,662

 

 

$

3,151

 

 

$

203

 

 

$

89,829

 

 

$

1,865

 

Subordinated debt

 

41,010

 

 

 

284

 

 

 

-

 

 

 

-

 

 

 

41,010

 

 

 

284

 

Collateralized mortgage obligations

 

42,712

 

 

 

753

 

 

 

12,730

 

 

 

595

 

 

 

55,442

 

 

 

1,348

 

Residential pass-through securities

 

133,859

 

 

 

2,258

 

 

 

61,760

 

 

 

1,747

 

 

 

195,619

 

 

 

4,005

 

Commercial pass-through securities

 

172,382

 

 

 

2,867

 

 

 

1,191

 

 

 

3

 

 

 

173,573

 

 

 

2,870

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

$

476,641

 

 

$

7,824

 

 

$

78,832

 

 

$

2,548

 

 

$

555,473

 

 

$

10,372