Note 3 - Securities Available For Sale:

12 Months Ended

Jun. 30, 2013

Table Text Block [Abstract]

Available-for-sale Securities [Table Text Block]

Note 3 - Securities Available for Sale:

The amortized cost, fair value, and carrying value of available-for-securities were as follows:

	at June 30, 2013
(in thousands)	Amortized		Gross Unrealized					Fair
	Cost		Gains		Losses			Value
Corporate bonds	$	42,435	$	712	$	-		$	43,147
Municipal bonds		412		24		-			436
Mutual fund investments		1,306		-		(56	)		1,250
Equity investments		422		267		-			689
Total securities available-for-sale	$	44,575	$	1,003	$	(56	)	$	45,522

	at June 30, 2012
	Amortized		Gross Unrealized					Fair
	Cost		Gains		Losses			Value
Corporate bonds	$	60,402	$	1,081	$	(309	)	$	61,174
Municipal bonds		415		28		-			443
Mutual fund investments		1,306		117		-			1,423
Equity investments		422		135		-			557
Total securities available-for-sale	$	62,545	$	1,361	$	(309	)	$	63,597

The $56,000 unrealized loss at June 30, 2013 is attributable primarily to lower values related to the increase in interest rates beginning in May 2013, and not credit quality, and because the Company has the intent to hold these securities and more likely than not will not need to sell them, the Company does not consider these investments to be other-than-temporarily impaired at June 30, 2013. At June 30, 2012, the Company had an unrealized loss totaling $309,000 for different securities that was not considered other-than-temporary as of June 30, 2012.

The amortized cost and estimated fair value of available-for-sale securities at June 30, 2013, by contractual maturity, are shown below.  Expected maturities may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties.

	Amortized Cost		Fair Value
	(in thousands)
Due three months or less	$	3,800	$	3,808
Due after three months but less than one year		22,389		22,607
Due after one year but less than 5 years		16,658		17,168
Due after five years		-		-
No stated maturity		1,728		1,939
Total securities available-for-sale	$	44,575	$	45,522

The following table presents the Company’s gross realized gains and gross realized losses on available-for-sale securities.  These gains and losses were recognized using the specific identification method and were included in non-interest income.

(in thousands)	Available-for-sale
	For the years ended June 30,
	2013		2012		2011
Gross realized gains	$	316	$	56	$	2,342
Gross realized losses		-		-		-
Other than temporary impairment		-		-		-
Total	$	316	$	56	$	2,342

The following table presents the fair value and associated gross unrealized loss only on an available-for-sale security with a gross unrealized loss at June 30, 2013 and 2012.

	Less than 12 Months					12 Months or More				Total
	Unrealized Loss			Estimated Fair Value		Unrealized Loss		Estimated Fair Value		Unrealized Loss			Estimated Fair Value
	(in thousands)
At June 30, 2013
Mutual fund investments	$	(56	)	$	1,250	$	-	$	-	$	(56	)	$	1,250
Total	$	(56	)	$	1,250	$	-	$	-	$	(56	)	$	1,250
At June 30, 2012
Corporate bonds	$	(309	)	$	20,451	$	-	$	-	$	(309	)	$	20,451
Total	$	(309	)	$	20,451	$	-	$	-	$	(309	)	$	20,451

At June 30, 2013 and 2012, there were no securities pledged to secure borrowings from the FHLB.