Note 2 - Marketable Securities

12 Months Ended

Jun. 30, 2012

Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block]

Note 2 – Marketable Securities

The following table summarizes marketable securities by security type at June 30, 2012, and June 30, 2011, respectively (in thousands):

June 30, 2012	Amortized Cost		Unrealized Gain		Unrealized Loss			Fair Value
US Treasury obligations and direct obligations of U.S. Government agencies	$	3,277	$	1	$	(1	)	$	3,277
Government Sponsored Enterprise collateralized mortgage obligations		2,525		—		(2	)		2,523
Municipal securities		3,471		6		—			3,477
Asset backed securities		1,629		1		—			1,630
Corporate bonds		2,593		5		(1	)		2,597
Total	$	13,495	$	13	$	(4	)	$	13,504

June 30, 2011	Amortized Cost		Unrealized Gain		Unrealized Loss			Fair Value
US Treasury obligations and direct obligations of U.S. Government agencies	$	8,684	$	21	$	—		$	8,705
Government Sponsored Enterprise collateralized mortgage obligations		2,826		8		(1	)		2,833
Asset backed securities		2,964		6		—			2,970
Corporate bonds		3,181		5		—			3,186
Total	$	17,655	$	40	$	(1	)	$	17,694

The following tables show the gross unrealized losses and fair value of the Company’s investments with unrealized losses that are not deemed to be other-than-temporarily impaired, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position at June 30, 2012 and at June 30, 2011.

	Less Than 12 Months					12 Months or Greater					Total
June 30, 2012	Fair Value		Unrealized Loss			Fair Value		Unrealized Loss			Fair Value		Unrealized Loss
	(In thousands)
US Treasury obligations and direct obligations of U.S. Government agencies		2,262		—			1,015		(1	)		3,277		(1	)
Corporate bonds		1,696		—			901		(1	)		2,597		(1	)
Government Sponsored Enterprise collateralized mortgage obligations		169		(1	)		2,354		(1	)		2,523		(2	)
Total	$	4,127	$	(1	)	$	4,270	$	(3	)	$	8,397	$	(4	)

	Less Than 12 Months					12 Months or Greater				Total
June 30, 2011	Fair Value		Unrealized Loss			Fair Value		Unrealized Loss		Fair Value		Unrealized Loss
	(In thousands)
Government Sponsored Enterprise collateralized mortgage obligations		187		(1	)		2,646		—		2,833		(1	)
Total	$	187	$	(1	)	$	2,646	$	—	$	2,833	$	(1	)

The following tables summarize the contractual maturities of the Company’s fixed maturity securities and GSE collateralized mortgage obligations based on cash flows (in thousands):

	June 30,
	2012		2011
Less than 90 days	$	—	$	—
Less than one year		7,135		10,713
Due in one to five years		6,369		6,981
	$	13,504	$	17,694