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Note 2 - Marketable Securities
12 Months Ended
Jun. 30, 2014
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, 2014, and June 30, 2013, respectively (in thousands):


June 30, 2014

 

Amortized

Cost

   

Unrealized

Gain

   

Unrealized

Loss

   

Fair

Value

 

U.S. Agency securities

  $ 332     $     $     $ 332  

Municipal securities

    76                   76  

Corporate securities

    1,354       1             1,355  

Total

  $ 1,762     $ 1     $     $ 1,763  

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  

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. There were no securities in a loss position at June 30, 2014.


   

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

)


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,

 
   

2014

   

2013

 

Less than 90 days

  $     $  

Less than one year

    1,763       6,305  

Due in one to five years

          5,546  
    $ 1,763     $ 11,851