INVESTMENT SECURITIES (Tables)

6 Months Ended

Dec. 31, 2016

Investments, Debt and Equity Securities [Abstract]

Schedule of Amortized Cost and Fair Values of Investments

The amortized cost and fair values of investments are as follows:

		Amortized     Cost			Gross     Unrealized     Gains			Gross     Unrealized     Losses				Fair     Value
		(Dollars in Thousands)
December 31, 2016
AVAILABLE FOR SALE
Corporate debt securities	$		98,415	$		67	$		(61	)	$		98,421
Foreign debt securities 1			7,028			-			(1	)			7,027
Obligations of states and political subdivisions			1,330			-			(24	)			1,306
Total	$		106,773	$		67	$		(86	)	$		106,754
		Amortized Cost			Gross Unrealized Gains			Gross Unrealized Losses				Fair Value
		(Dollars in Thousands)
December 31, 2016
HELD TO MATURITY
U.S. government agency securities	$		625	$		-	$		(6	)	$		619
Corporate debt securities			2,703			148			-				2,851
Obligations of states and political subdivisions			5,356			35			-				5,391
Total	$		8,684	$		183	$		(6	)	$		8,861
		Amortized Cost			Gross Unrealized Gains			Gross Unrealized Losses				Fair Value
		(Dollars in Thousands)
June 30, 2016
AVAILABLE FOR SALE
Corporate debt securities	$		96,742	$		150	$		(40	)	$		96,852
Foreign debt securities 1			8,780			5			(2	)			8,783
Obligations of states and political subdivisions			2,034			7			-				2,041
Total	$		107,556	$		162	$		(42	)	$		107,676

¹  U.S. dollar denominated investment-grade corporate bonds of large foreign corporate issuers.

		Amortized     Cost			Gross     Unrealized     Gains			Gross     Unrealized     Losses			Fair     Value
		(Dollars in Thousands)
June 30, 2016
HELD TO MATURITY
U.S. government agency securities	$		625	$		5	$		-	$		630
Corporate debt securities			3,543			228			-			3,771
Obligations of states and political subdivisions 2			5,355			234			-			5,589
Total	$		9,523	$		467	$		-	$		9,990

Schedule of Investments by Contractual Maturity

		Due in one year or less			Due after one through five years			Due after five through ten years			Due after ten years			Total
		(Dollars in Thousands)
AVAILABLE FOR SALE
Amortized cost	$		70,872	$		33,897	$		2,004	$		-	$		106,773
Fair value			70,862			33,861			2,031			-			106,754
HELD TO MATURITY
Amortized cost	$		2,032	$		3,822	$		2,205	$		625	$		8,684
Fair value			2,073			3,948			2,221			619			8,861