MORTGAGE-BACKED SECURITIES (Tables)

6 Months Ended

Dec. 31, 2016

MORTGAGE-BACKED SECURITIES [Abstract]

Schedule of Information Relating To Private Label CMO Portfolio

The following table sets forth information with respect to the Company’s private-label CMO portfolio as of December 31, 2016. At the time of purchase, all of our private-label CMOs were rated in the highest investment category by at least two ratings agencies.

			At December 31, 2016
			Rating						Book   Value		Fair   Value3		Life to Date Impairment   Recorded in   Earnings
Cusip #	Security Description		S&P		Moody’s		Fitch		(in thousands)
126694CP1		CWHL SER 21 A11		N/A		Caa2		D	$	697	$	903	$	201
126694KF4		CWHL SER 24 A15		D		N/A		D		142		320		39
126694KF4		CWHL SER 24 A15		D		N/A		D		283		160		79
126694MP0		CWHL SER 26 1A5		D		N/A		D		146		158		36
									$	1,268	$	1,541	$	355

Schedule of Amortized Cost and Fair Values of Mortgage-Backed Securities

The amortized cost and fair values of the Company’s mortgage-backed securities are as follows:

		Amortized Cost			Gross   Unrealized   Gains			Gross   Unrealized   Losses				Fair   Value
		(Dollars in Thousands)
December 31, 2016
HELD TO MATURITY
Collateralized mortgage obligations:
Agency	$		122,005	$		1,279	$		(362	)	$		122,922
Private-label			1,268			273			-				1,541
Total	$		123,273	$		1,552	$		(362	)	$		124,463
		Amortized    Cost			Gross   Unrealized   Gains			Gross   Unrealized   Losses				Fair     Value
		(Dollars in Thousands)
June 30, 2016
HELD TO MATURITY
Collateralized mortgage obligations:
Agency	$		135,957	$		932	$		(913	)	$		135,976
Private-label			1,459			244			-				1,703
Total	$		137,416	$		1,176	$		(913	)	$		137,679

Schedule of Mortgage-Backed Securities 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)
HELD TO MATURITY
Amortized cost	$		-	$		-	$		301	$		122,972	$		123,273
Fair value			-			-			309			124,154			124,463