Fair Value of Financial Instruments (Tables)

6 Months Ended

Dec. 31, 2018

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, 2018
Description	Total		Level 1		Level 2		Level 3
U.S Government Agencies	$	37,863	$	—	$	37,863	$	—
Residential Mortgage-backed Securities of U.S. Government Agencies and Government Sponsored Enterprises	76,926		—		76,926		—
Municipal Bonds	29,080		—		29,080		—
Corporate Bonds	5,883		—		5,883		—
Total	$	149,752	$	—	$	149,752	$	—

	June 30, 2018
Description	Total		Level 1		Level 2		Level 3
U.S Government Agencies	$	47,542	$	—	$	47,542	$	—
Residential Mortgage-backed Securities of U.S. Government Agencies and Government Sponsored Enterprises	70,599		—		70,599		—
Municipal Bonds	30,766		—		30,766		—
Corporate Bonds	6,023		—		6,023		—
Equity Securities	63		—		63		—
Total	$	154,993	$	—	$	154,993	$	—

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, 2018
Description	Total		Level 1		Level 2		Level 3
Impaired loans	$	4,155	$	—	$	—	$	4,155
REO	1,086		—		—		1,086
Total	$	5,241	$	—	$	—	$	5,241

	June 30, 2018
Description	Total		Level 1		Level 2		Level 3
Impaired loans	$	8,423	$	—	$	—	$	8,423
REO	2,104		—		—		2,104
Total	$	10,527	$	—	$	—	$	10,527

Schedule of Quantitative Information About Level 3 Fair Value Measurements

Quantitative information about Level 3 fair value measurements during the period ended December 31, 2018 is shown in the table below:

	Fair Value at December 31, 2018		Valuation Techniques	Unobservable Input	Range	Weighted Average
Nonrecurring measurements:
Impaired loans, net	$	4,155	Discounted appraisals and discounted cash flows	Collateral discounts and discount spread	6% - 25% 1% - 3%	2%
REO	$	1,086	Discounted appraisals	Collateral discounts	8% - 15%	10%

Fair Value, by Balance Sheet Grouping

The stated carrying value and estimated fair value amounts of financial instruments as of December 31, 2018 and June 30, 2018, are summarized below:

	December 31, 2018
	Carrying Value		Fair Value		Level 1		Level 2		Level 3
Assets:
Cash and interest-bearing deposits	$	71,306	$	71,306	$	71,306	$	—	$	—
Commercial paper	239,286		239,286		239,286		—		—
Certificates of deposit in other banks	51,936		51,936		—		51,936		—
Securities available for sale	149,752		149,752		—		149,752		$	—
Loans, net	2,610,812		2,524,963		—		—		2,524,963
Loans held for sale	13,095		13,604		—		—		13,604
FHLB stock	32,159		32,159		32,159		—		—
FRB stock	7,315		7,315		7,315		—		—
SBIC	5,384		5,384		—		—		5,384
Accrued interest receivable	10,372		10,372		—		1,172		9,200
Liabilities:
Noninterest-bearing and NOW deposits	774,111		774,111		—		774,111		—
Money market accounts	703,445		703,445		—		703,445		—
Savings accounts	192,954		192,954		—		192,954		—
Certificates of deposit	587,559		582,656		—		582,656		—
Borrowings	688,000		686,307		—		686,307		—
Accrued interest payable	1,639		1,639		—		1,639		—

	June 30, 2018
	Carrying Value		Fair Value		Level 1		Level 2		Level 3
Assets:
Cash and interest-bearing deposits	$	70,746	$	70,746	$	70,746	$	—	$	—
Commercial paper	229,070		229,070		229,070		—		—
Certificates of deposit in other banks	66,937		66,937		—		66,937		—
Securities available for sale	154,993		154,993		—		154,993		—
Loans, net	2,504,792		2,414,647		—		—		2,414,647
Loans held for sale	5,873		5,990		—		—		5,990
FHLB stock	29,907		29,907		29,907		—		—
FRB stock	7,307		7,307		7,307		—		—
SBIC	4,717		4,717		—		—		4,717
Accrued interest receivable	9,344		9,344		297		883		8,164
Liabilities:
Noninterest-bearing and NOW deposits	789,186		789,186		—		789,186		—
Money market accounts	677,665		677,665		—		677,665		—
Savings accounts	213,250		213,250		—		213,250		—
Certificates of deposit	516,152		509,924		—		509,924		—
Borrowings	635,000		635,187		—		635,187		—
Accrued interest payable	805		805		—		805		—