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Fair Value Measurements and Fair Value of Financial Instruments (Tables)
12 Months Ended
Jun. 30, 2013
Fair Value Measurements and Fair Value of Financial Instruments [Abstract]  
Fair Value, Assets Measured on Recurring Basis [Table Text Block]

For assets measured at fair value on a recurring basis, the fair value measurements by level within the fair value hierarchy used are as follows:  

 

 

 

 

 

 

 

 

 

  

 

   

 

Fair Value Measurements Using

   

 

June

 

    Quoted Prices In Active Markets For Identical Assets

 

    Significant Other Observable Inputs

 

  Significant Unobservable Inputs

(In thousands)

 

30, 2013

 

(Level 1)

 

(Level 2)

 

(Level 3)

Assets:

 

 

 

 

 

 

 

 

U.S. Government sponsored enterprises

$

12,989 

$

 -

$

12,989 

$

 -

State and political subdivisions

 

1,858 

 

 -

 

1,858 

 

 -

Mortgage-backed securities-residential

 

7,533 

 

 -

 

7,533 

 

 -

Mortgage-backed securities-multi-family

 

41,919 

 

 -

 

41,919 

 

 -

Asset-backed securities

 

16 

 

16 

 

 -

 

 -

Corporate debt securities

 

5,176 

 

5,176 

 

 -

 

 -

Equity securities

 

153 

 

153 

 

 -

 

 -

Securities available for sale

$

69,644 

$

5,345 

$

64,299 

$

 -

 

 

Fair Value, Assets and Liabilities Measured on Nonrecurring Basis, Valuation Techniques [Table Text Block]

 

 

 

 

 

  

 

Fair Value Measurements Using

(In thousands)

Fair Value

(Level 1)

(Level 2)

(Level 3)

June 30, 2013

 

 

 

 

Impaired loans

$          5,460

$                           -

$                           -

$                    5,460

 

 

 

 

 

June 30, 2012

 

 

 

 

Impaired loans

$          2,353

$                           -

$                           -

$                    2,353

 

Fair Value Inputs, Assets, Quantitative Information [Table Text Block]

 

 

 

 

 

 

(Dollars in thousands)

Fair Value

Valuation Technique

Unobservable Input

Range

Wtd Average

June 30, 2013

 

 

 

 

 

Impaired Loans

$          5,460

Appraisal of collateral (1)

Appraisal adjustments (2)

0-50%

23.98%

 

 

 

Liquidation expenses (3)

10-15%

5.86%

June 30, 2012

 

 

 

 

 

Impaired Loans

$          2,353

Appraisal of collateral (1)

Appraisal adjustments (2)

0-25%

23.48%

 

 

 

Liquidation expenses (3)

10-15%

12.46%

 

Carrying Amounts and Estimated Fair Value [Table Text Block]

 

 

 

 

 

 

 

 

 

 

 

(In thousands)

 

June 30, 2013

 

Fair Value Measurements Using

 

 

Carrying Amount

 

Fair Value

 

(Level 1)

 

(Level 2)

 

(Level 3)

Cash and cash equivalents

$

6,222 

$

6,222 

$

6,222 

$

 -

$

 -

Long term certificate of deposit

 

250 

 

250 

 

250 

 

 -

 

 -

Securities available for sale

 

69,644 

 

69,644 

 

5,345 

 

64,299 

 

 -

Securities held to maturity

 

176,519 

 

177,660 

 

 -

 

177,660 

 

 -

Federal Home Loan Bank stock

 

1,388 

 

1,388 

 

 -

 

1,388 

 

 -

Net loans

 

359,426 

 

367,377 

 

 -

 

 -

 

367,377 

Accrued interest receivable

 

2,663 

 

2,663 

 

 -

 

2,663 

 

 -

Deposits

 

558,439 

 

558,517 

 

 -

 

558,517 

 

 -

Federal Home Loan Bank borrowings

 

14,600 

 

14,378 

 

 -

 

14,378 

 

 -

Accrued interest payable

 

55 

 

55 

 

 -

 

55 

 

 -

 

 

 

 

 

 

 

 

 

 

 

 

 

(In thousands)

 

June 30, 2012

 

Fair Value Measurements Using

 

 

Carrying Amount

 

Fair Value

 

(Level 1)

 

(Level 2)

 

(Level 3)

Cash and cash equivalents

$

7,742 

$

7,742 

$

7,742 

$

 -

$

 -

Securities available for sale

 

87,528 

 

87,528 

 

5,462 

 

82,066 

 

 -

Securities held to maturity

 

146,389 

 

150,162 

 

 -

 

150,162 

 

 -

Federal Home Loan Bank stock

 

1,744 

 

1,744 

 

 -

 

1,744 

 

 -

Net loans

 

326,751 

 

341,263 

 

 -

 

 -

 

341,263 

Accrued interest receivable

 

2,688 

 

2,688 

 

 

 

2,688 

 

 -

Deposits

 

511,937 

 

512,154 

 

 -

 

512,154 

 

 -

Federal Home Loan Bank borrowings

 

21,000 

 

21,264 

 

 -

 

21,264 

 

 -

Accrued interest payable

 

83 

 

83 

 

 -

 

83 

 

 -