Fair Value of Financial Instruments (Tables)

6 Months Ended

Dec. 31, 2015

Fair Value Disclosures [Abstract]

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis

The following table presents financial assets measured at fair value on a recurring basis at the dates indicated:

	December 31, 2015
Description	Total		Level 1		Level 2		Level 3
U.S Government Agencies	$	100,757	$	—	$	100,757	$	—
Residential Mortgage-backed Securities of U.S. Government Agencies and Government Sponsored Enterprises	107,343		—		107,343		—
Municipal Bonds	17,077		—		17,077		—
Corporate Bonds	3,987		—		2,987		1,000
Equity Securities	63		—		63		—
Total	$	229,227	$	—	$	228,227	$	1,000

	June 30, 2015
Description	Total		Level 1		Level 2		Level 3
U.S Government Agencies	$	116,071	$	—	$	116,071	$	—
Residential Mortgage-backed Securities of U.S. Government Agencies and Government Sponsored Enterprises	120,809		—		120,809		—
Municipal Bonds	16,678		—		16,678		—
Corporate Bonds	3,985		—		2,985		1,000
Equity Securities	63		—		63		—
Total	$	257,606	$	—	$	256,606	$	1,000

Fair Value Measurements, Nonrecurring

The following table presents financial assets measured at fair value on a non-recurring basis at the dates indicated:

	December 31, 2015
Description	Total		Level 1		Level 2		Level 3
Impaired loans	$	4,707	$	—	$	—	$	4,707
REO	620		—		—		620
Total	$	5,327	$	—	$	—	$	5,327

	June 30, 2015
Description	Total		Level 1		Level 2		Level 3
Impaired loans	$	5,697	$	—	$	—	$	5,697
REO	1,685		—		—		1,685
Total	$	7,382	$	—	$	—	$	7,382

Schedule of Quantitative Information About Level 3 Fair Value Measurements

Quantitative information about Level 3 fair value measurements during the period ended December 31, 2015 is shown in the table below:

	Fair Value at December 31, 2015		Valuation Techniques	Unobservable Input	Range	Weighted Average
Nonrecurring measurements:
Impaired loans, net	$	4,707	Discounted appraisals	Collateral discounts	3% - 33%	23%
REO	$	620	Discounted appraisals	Collateral discounts	14% - 37%	17%

Fair Value, by Balance Sheet Grouping

The stated carrying value and estimated fair value amounts of financial instruments as of December 31, 2015 and June 30, 2015, are summarized below:

	December 31, 2015
	Carrying Value		Fair Value		Level 1		Level 2		Level 3
Cash and interest-bearing deposits	$	57,584	$	57,584	$	57,584	$	—	$	—
Commercial paper	271,856		271,856		271,856		—		—
Certificates of deposit in other banks	177,934		177,934		—		177,934		—
Securities available for sale	229,227		229,227		—		228,227		1,000
Loans, net	1,725,790		1,668,299		—		—		1,668,299
Loans held for sale	5,080		5,161		—		—		5,161
FHLB stock	22,711		22,711		22,711		—		—
FRB stock	6,175		6,175		6,175		—		—
Accrued interest receivable	7,238		7,238		—		1,185		6,053
Noninterest-bearing and NOW deposits	608,925		608,925		—		608,925		—
Money market accounts	502,783		502,783		—		502,783		—
Savings accounts	214,388		214,388		—		214,388		—
Certificates of deposit	503,891		503,704		—		503,704		—
Other borrowings	479,000		479,000		—		479,000		—
Accrued interest payable	155		155		—		155		—

	June 30, 2015
	Carrying Value		Fair Value		Level 1		Level 2		Level 3
Cash and interest-bearing deposits	$	116,160	$	116,160	$	116,160	$	—	$	—
Commercial paper	256,152		256,152		256,152		—		—
Certificates of deposit in other banks	210,629		210,629		—		210,629		—
Securities available for sale	257,606		257,606		—		256,606		1,000
Loans, net	1,663,333		1,555,992		—		—		1,555,992
Loans held for sale	5,874		5,968		—		—		5,968
FHLB stock	22,541		22,541		22,541		—		—
FRB stock	6,170		6,170		6,170		—		—
Accrued interest receivable	7,522		7,522		—		1,252		6,270
Noninterest-bearing and NOW deposits	591,429		591,429		—		591,429		—
Money market accounts	481,948		481,948		—		481,948		—
Savings accounts	221,674		221,674		—		221,674		—
Certificates of deposit	577,075		577,174		—		577,174		—
Other borrowings	475,000		475,000		—		475,000		—
Accrued interest payable	181		181		—		181		—