Junior Subordinated Debentures Issued to Affiliated Trusts (Tables)

12 Months Ended

Jun. 30, 2015

Junior Subordinated Debentures Issued to Affiliated Trusts

Summary of Junior Subordinated Debentures issued by the Company

		Unpaid Principal Balance
						Carrying Amount(1)
	Maturity Date
		2015		2014		2015		2014
		(Dollars in thousands)
NBN Capital Trust II	March 30, 2034	$	3,093	$	3,093	$	1,835	$	1,804
NBN Capital Trust III	March 30, 2034		3,093		3,093		1,835		1,804
NBN Capital Trust IV	February 23, 2035		10,310		10,310		4,956		4,832
		$	16,496	$	16,496	$	8,626	$	8,440

(1)           The difference between the carrying amount and the unpaid principal balance is the result of purchase accounting. The premium or discount is being amortized or accreted as interest expense over the instrument's contractual life.