Note 1 - Securities

6 Months Ended

Dec. 31, 2011

Note 1 - Securities Disclosure

Note 1 - Securities

(1)  Securities

The amortized cost and fair value of securities are as follows:

	December 31 , 2011
(amounts in thousands)	Amortized Cost			Gross unrealized gains			Gross u nrealized losses				Fair value
Securities held to maturity:
Municipal bonds		$	18,628		$	54		$	-			$	18,682
Corporate bonds			3,653			-			(34	)			3,619
Total securities held to maturity		$	22,281		$	54		$	(34	)		$	22,301

	June 30, 2011
(amounts in thousands)	Amortized Cost			Gross unrealized gains			Gross unrealized losses			Fair value
Securities held to maturity:
Municipal bonds		$	18,263		$	57		$	-		$	18,320
Corporate bonds			4,492			23			-			4,515
Total securities held to maturity		$	22,755		$	80		$	-		$	22,835

Contractual maturities of marketable debt securities held to maturity are summarized as follows:

	December 31, 2011						June 30, 2011
	Amortized Cost			Fair value				Amortized Cost		Fair value
(amounts in thousands)
Within one year		$	13,901		$	13,942		$	9,314	$	9,326
One year to three years			8,380			8,359			13,441		13,509
Total		$	22,281		$	22,301		$	22,755	$	22,835