FAIR VALUE MEASUREMENTS (Tables)

6 Months Ended

Dec. 31, 2016

Fair Value Disclosures [Abstract]

Assets Measured at Fair Value on a Recurring Basis

The following tables present the assets reported on a recurring basis on the Consolidated Balance Sheet at their fair value as of December 31, 2016 and June 30, 2016, by level within the fair value hierarchy. As required by GAAP, financial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement.

		December 31, 2016
		Level I			Level II			Level III			Total
		(Dollars in Thousands)
Assets measured on a recurring basis:
Trading Securities	$		920	$		-	$		-	$		920
Investment securities – available for sale:
Obligations of states and political subdivisions	$		-	$		1,306	$		-	$		1,306
Corporate securities			-			98,420			-			98,420
Foreign debt securities 7			-			7,028			-			7,028
	$		920	$		106,754	$		-	$		107,674
		June 30, 2016
		Level I			Level II			Level III			Total
		(Dollars in Thousands)
Assets measured on a recurring basis:
Investment securities – available for sale:
Obligations of states and political subdivisions	$		-	$		2,041	$		-	$		2,041
Corporate securities			-			96,852			-			96,852
Foreign debt securities 7			-			8,783			-			8,753
	$		-	$		107,676	$		-	$		107,676

Assets Measured at Fair Value on a Nonrecurring Basis

December 31, 2016

Level I

Level II

Level III

Total

(Dollars in Thousands)

Assets measured on a non-recurring basis:

Impaired loans

$

-

$

-

$

-

$

-

Total

$

-

$

-

$

-

$

-

June 30, 2016

Level I

Level II

Level III

Total

(Dollars in Thousands)

Assets measured on a non-recurring basis:

Impaired loans

$

-

$

-

$

-

$

-

Total

$

-

$

-

$

-

$

-

Schedule of Significant Observable Inputs

For Level III assets measured at fair value on a recurring and non-recurring basis as of December 31, 2016 and June 30, 2016, the significant observable inputs used in the fair value measurements were as follows:

		Fair Value at
		December 31,         2016		June 30,     2016		Valuation       Technique	Significant     Unobservable     Inputs	Significant Unobservable       Input Range (Weighted Average)
		(Dollars in Thousands)
Impaired loans	$		-	$	-	Appraisal of collateral8	Discounted appraisal9	0%/0%