UNREALIZED LOSSES ON SECURITIES (Tables)

6 Months Ended

Dec. 31, 2016

Unrealized Gain (Loss) on Marketable Securities, Cost Method Investments, and Other Investments [Abstract]

Schedule of Gross Unrealized Losses and Fair Value

The following tables show the Company’s gross unrealized losses and fair value, aggregated by category and length of time that the individual securities have been in a continuous unrealized loss position, at December 31, 2016 and June 30, 2016.

		December 31, 2016
		Less Than Twelve Months							Twelve Months or Greater							Total
		Fair Value			Gross Unrealized Losses				Fair Value			Gross Unrealized Losses				Fair Value			Gross Unrealized Losses
			(Dollars in Thousands)
Corporate debt securities	$		51,329	$		(57	)	$		4,004	$		(4	)	$		55,333	$		(61	)
Foreign Debt Securities 4			2,601			(1	)			-			-				2,601			(1	)
U.S. Agencies			619			(6	)			-			-				619			(6	)
Obligations of state and political subdivision			1,306			(24	)			-			-				1,306			(24	)
Collateralized mortgage obligations:
Agency			1,405			(3	)			24,310			(359	)			25,715			(362	)
Total	$		57,260	$		(91	)	$		28,314	$		(363	)	$		85,574	$		(454	)
		June 30, 2016
		Less Than Twelve Months							Twelve Months or Greater							Total
		Fair Value			Gross Unrealized Losses				Fair Value			Gross Unrealized Losses				Fair Value			Gross Unrealized Losses
			(Dollars in Thousands)
Corporate debt securities	$		19,313	$		(27	)	$		6,243	$		(13	)	$		25,556	$		(40	)
Foreign Debt Securities 5			4,646			(2	)			-			-				4,646			(2	)
Collateralized mortgage obligations:
Agency			17,862			(136	)			31,769			(777	)			49,631			(913	)
Total	$		41,821	$		(165	)	$		38,012	$		(790	)	$		79,833	$		(955	)

Schedule of Changes in the Credit Loss

The following table presents a roll-forward of the credit loss component of the amortized cost of mortgage-backed securities that we have written down for OTTI and the credit component of the loss that is recognized in earnings. OTTI recognized in earnings for credit impaired mortgage-backed securities is presented as additions in two components based upon whether the current period is the first time the mortgage-backed security was credit-impaired (initial credit impairment) or is not the first time the mortgage-backed security was credit impaired (subsequent credit impairments). The credit loss component is reduced if we sell, intend to sell or believe that we will be required to sell previously credit-impaired mortgage-backed securities. Additionally, the credit loss component is reduced if we receive cash flows in excess of what we expected to receive over the remaining life of the credit impaired mortgage-backed securities, the security matures or is fully written down.

	Three Months Ended December 31,						Six Months Ended December 31,
	2016			2015			2016			2015
	(Dollars in Thousands)
Beginning balance		$292			$234			$299			$248
Initial credit impairment		-			-			-			-
Subsequent credit impairment		-			-			-			-
Reductions for amounts recognized in earnings due to intent or requirement to sell		-			-			-			-
Reductions for securities sold		-			-			-			-
Reduction for actual realized losses		(13	)		(3	)		(20	)		(17	)
Reduction for increase in cash flows expected to be collected		-			-			-			-
Ending Balance		$279			$231			$279			$231