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Note 2 - Marketable Securities
12 Months Ended
Jun. 30, 2013
Investments, Debt and Equity Securities [Abstract]  
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, 2013, and June 30, 2012, respectively (in thousands):


June 30, 2013

 

Amortized

Cost

   

Unrealized

Gain

   

Unrealized

Loss

   

Fair

Value

 

U.S. Treasury and U.S. Agency securities

  $ 1,047     $     $ (1

)

  $ 1,046  

Mortgage backed securities

    30                   30  

Municipal securities

    5,728       15             5,743  

Asset backed securities

    127                   127  

Corporate securities

    4,915       1       (11

)

    4,905  

Total

  $ 11,847     $ 16     $ (12

)

  $ 11,851  

June 30, 2012

 

Amortized

Cost

   

Unrealized

Gain

   

Unrealized

Loss

   

Fair

Value

 

U.S. Treasury and U.S. Agency securities

  $ 3,277     $ 1     $ (1

)

  $ 3,277  

Mortgage backed securities

    2,525             (2

)

    2,523  

Municipal securities

    3,471       6             3,477  

Asset backed securities

    1,629       1             1,630  

Corporate securities

    2,593       5       (1

)

    2,597  

Total

  $ 13,495     $ 13     $ (4

)

  $ 13,504  

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, 2013 and at June 30, 2012.


   

Less Than 12 Months

   

12 Months or Greater

   

Total

 

June 30, 2013

 

Fair

Value

   

Unrealized

Loss

   

Fair

Value

   

Unrealized

Loss

   

Fair

Value

   

Unrealized

Loss

 
   

(In thousands)

 

U.S. Agency securities

    -       -       543       (1 )     543       (1

)

Corporate securities

    2,745       (3

)

    2,160       (8

)

    4,905       (11

)

Total

  $ 2,745     $ (3

)

  $ 2,703     $ (9

)

  $ 5,448     $ (12

)


   

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)

 

U.S. Agency securities

    2,262             1,015       (1

)

    3,277       (1

)

Corporate securities

    1,696             901       (1

)

    2,597       (1

)

Mortgage backed securities

    169       (1

)

    2,354       (1

)

    2,523       (2

)

Total

  $ 4,127     $ (1

)

  $ 4,270     $ (3

)

  $ 8,397     $ (4

)


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,

 
   

2013

   

2012

 

Less than 90 days

  $     $  

Less than one year

    6,305       7,135  

Due in one to five years

    5,546       6,369  
    $ 11,851     $ 13,504