FINANCIAL INSTRUMENTS (Tables)

12 Months Ended

Jun. 30, 2012

Fair Value Disclosures [Abstract]

Estimated Fair Values of Financial Instruments

Estimated fair values of the Company's financial instruments are as follows at June 30:

2012			Fair Value Measurements
	Carrying Amount		Fair Value		Level 1		Level 2		Level 3
Financial assets
Cash and cash equivalents	$	50,334	$	50,334	$	50,334	$	—	$	—
Securities available for sale	373,246		373,246		10		373,236		—
Correspondent bank stock	7,843		7,843		—		7,843		—
Loans held for sale	16,207		16,207		—		16,207		—
Net loans and leases receivable	673,138		677,139		—		12,314		664,825
Accrued interest receivable	5,431		5,431		—		5,431		—
Servicing rights, net	11,932		11,932		—		—		11,932
Interest rate swap contracts	65		65		—		65		—
Financial liabilities
Deposits	893,859		896,929		—		—		896,929
Interest rate swap contracts	4,598		4,598		—		4,598		—
Borrowed funds	142,394		151,370		—		151,370		—
Subordinated debentures payable to trusts	27,837		25,978		—		—		25,978
Accrued interest payable and advances by borrowers for taxes and insurance	14,664		14,664		—		14,664		—

2011		Fair Value Measurements
	Carrying Amount	Fair Value	Level 1	Level 2	Level 3
Financial assets
Cash and cash equivalents	55,617	55,617	55,617	—	—
Securities available for sale	234,860	234,860	—	234,860	—
Correspondent bank stock	8,065	8,065	—	8,065	—
Loans held for sale	11,991	11,991	—	11,991	—
Net loans and leases receivable	811,178	813,914	—	6,689	807,225
Accrued interest receivable	7,607	7,607	—	7,607	—
Servicing rights, net	12,952	15,396	—	—	15,396
Interest rate swap contracts	31	31	—	31	—
Financial liabilities
Deposits	893,157	896,388	—	—	896,388
Interest rate swap contracts	3,877	3,877	—	3,877	—
Borrowed funds	147,395	154,521	—	154,521	—
Subordinated debentures payable to trusts	27,837	28,933	—	—	28,933
Accrued interest payable and advances by borrowers for taxes and insurance	14,820	14,820	—	14,820	—

Financial Instruments Measured at Fair Value on a Recurring Basis by Level Within the Hiearchy

The table below presents the Company's balances of financial instruments measured at fair value on a recurring basis by level within the hierarchy at June 30, 2012:

	Quoted Prices In Active Markets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total at Fair Value
Securities available for sale
Debt securities:
U.S. government agencies	$	—	$	2,015	$	—	$	2,015
Municipal bonds	—		9,980		—		9,980
Equity securities:
Federal Ag Mortgage	10		—		—		10
Other investments	—		253		—		253
Agency residential mortgage-backed securities	—		360,988		—		360,988
Securities available for sale	10		373,236		—		373,246
Interest rate swap contracts	—		65		—		65
Total assets	10		373,301		—		373,311
Interest rate swaps contracts	—		4,598		—		4,598
Total liabilities	$	—	$	4,598	$	—	$	4,598

Reconciliation of Assets Measured at Fair Value on a Recurring Basis Using Significant Unobservable Inputs

The following table reconciles the beginning and ending balances of the assets or liabilities of the Company that are measured at fair value on a recurring basis using significant unobservable inputs for the fiscal years ended June 30:

Fair Value Measurements Using Significant

Unobservable Inputs (Level 3)

	Securities Available for Sale
	2012		2011
Beginning balance	$	—	$	3,902
Total realized/unrealized gains (losses)
Included in earnings	—		(549		)
Included in other comprehensive loss	—		(44		)
Purchases, issuances, (paydowns) and (sales)	—		(3,309		)
Ending balance	$	—	$	—

Financial Instruments Measured at Fair Value on a Nonrecurring Basis by Level Within the Hierarchy

The table below presents the Company's balances of financial instruments measured at fair value on a nonrecurring basis by level within the hierarchy at June 30, 2012:

	Quoted Prices In Active Markets (Level 1)	Significant Other Observable Inputs (Level 2)	Significant Unobservable Inputs (Level 3)	Fiscal 2012 Incurred Losses/(Gains)
Impaired loans	—	12,314	2,233	15
Mortgage servicing rights	—	—	11,932	888
Foreclosed assets	—	—	175	(29	)

Significant Unobservable Inputs Used in the Fair Value Measurements for Level 3 Assets and Liabilities Measured at Fair Value on a Recurring or Nonrecurring Basis

For Level 3 assets and liabilities measured at fair value on a recurring or nonrecurring basis as of June 30, 2012, the significant unobservable inputs used in the fair value measurements were as follows:

	Fair Value		Valuation Technique	Unobservable Input	Range (Weighted Averages)
Impaired loans	$	2,233	Discounted cash flow	Discount rate	5.0% - 9.0% (6.9%)
				Principal loss severity	13.3% - 37.3% (19.4%)
			Collateral valuation	Discount from appraised value	15.0% - 60.0% (35.3%)
				Costs to sell	7.5%
Servicing rights, net	11,932		Discounted cash flow	Constant prepayment rate	16.1%
				Discount rate	9.0%
Foreclosed real estate and other properties	175		Collateral valuation	Costs to sell	10.0% - 30.0% (16.4%)