Fair Value Accounting and Measurement - (Tables)

9 Months Ended

Mar. 31, 2015

Fair Value Disclosures [Abstract]

Schedule of assets and liabilities measured at fair value on a recurring basis

The following tables show the Company’s assets and liabilities measured at fair value on a recurring basis at the dates indicated:

	March 31, 2015
	Quoted Prices in Active Markets for Identical Assets  or Liabilities		Significant Other Observable  Inputs		Significant Unobservable Inputs
	(Level 1)		(Level 2)		(Level 3)		Total
	(In thousands)
Securities available-for-sale
Municipal bonds	$	—	$	10,006	$	—	$	10,006
Agency bonds	—		24,118		—		24,118
ABS agency	—		9,346		—		9,346
ABS corporate	—		29,596		—		29,596
SBA	—		34,987		—		34,987
MBS agency	—		173,485		—		173,485
MBS corporate	—		8,834		—		8,834
	$	—	$	290,372	$	—	$	290,372

Note 8 - Fair Value Accounting and Measurement (continued)

	June 30, 2014
	Quoted Prices in Active Markets for Identical Assets or Liabilities		Significant Other Observable Inputs		Significant Unobservable Inputs
	(Level 1)		(Level 2)		(Level 3)		Total
	(In thousands)
Securities available-for-sale
Municipal bonds	$	—	$	7,525	$	—	$	7,525
ABS agency	—		10,140		—		10,140
SBA	—		28,944		—		28,944
MBS agency	—		132,363		—		132,363
	$	—	$	178,972	$	—	$	178,972

Schedule of assets measured at fair value on a nonrecurring basis

The following tables present the Company’s assets measured at fair value on a nonrecurring basis at the dates indicated:

	March 31, 2015
	Level 1		Level 2		Level 3		Total
	(In thousands)
Impaired loans	$	—	$	—	$	11,095	$	11,095
Real estate owned and repossessed assets	—		—		1,835		1,835
	$	—	$	—	$	12,930	$	12,930
	June 30, 2014
	Level 1		Level 2		Level 3		Total
	(In thousands)
Impaired loans	$	—	$	—	$	14,733	$	14,733
Real estate owned and repossessed assets	—		—		810		810
	$	—	$	—	$	15,543	$	15,543

Schedule of valuation techniques to value assets measured at fair value

The following tables present the techniques used to value assets measured at fair value on a nonrecurring basis at the dates indicated:

	March 31, 2015
	Fair Value		Valuation Technique	Unobservable Input	Range (Weighted-Average)1
	(In thousands)
Impaired loans	$	11,095	Market comparable	Discount to appraisal	0% - 25% (2%)
Real estate owned and repossessed assets	1,835		Market comparable	Discount to appraisal	0% - 24% (2%)

¹ Discount to appraisal disposition value.

	June 30, 2014
	Fair Value		Valuation Technique	Unobservable Input	Range (Weighted-Average)1
	(In thousands)
Impaired loans	$	14,733	Market comparable	Discount to appraisal	0% - 35% (6%)
Real estate owned and repossessed assets	810		Market comparable	Discount to appraisal	0% - 10% (1%)

¹  Discount to appraisal disposition value.

Schedule of the carrying value and estimated fair value of financial instruments

The following tables present the carrying value and estimated fair value of financial instruments at the dates indicated:

	March 31, 2015
	Level 1				Level 2				Level 3				Total
	Carrying Amount		Fair Value		Carrying Amount		Fair Value		Carrying Amount		Fair Value		Carrying Amount		Fair Value
	(In thousands)
Financial assets
Cash and cash equivalents	$	42,067	$	42,067	$	—	$	—	$	—	$	—	$	42,067	$	42,067
Investment securities available for sale	—		—		290,372		290,372		—		—		290,372		290,372
Investment securities held to maturity	—		—		63,173		64,943		—		—		63,173		64,943
Loans held for sale	—		—		342		342		—		—		342		342
Loans receivable, net									493,178		501,124		493,178		501,124
FHLB stock	—		—		9,737		9,737		—		—		9,737		9,737
Mortgage servicing rights, net	—		—		—		—		1,170		1,869		1,170		1,869
Bank-owned life insurance	—		—		18,129		18,129		—		—		18,129		18,129
Financial liabilities
Demand deposits	$	498,161	$	498,161	$	—	$	—	$	—	$	—	$	498,161	$	498,161
Time deposits	—		—		146,503		147,259		—		—		146,503		147,259
Borrowings	—		—		90,033		94,233		—		—		90,033		94,233

	June 30, 2014
	Level 1				Level 2				Level 3				Total
	Carrying Amount		Fair Value		Carrying Amount		Fair Value		Carrying Amount		Fair Value		Carrying Amount		Fair Value
	(In thousands)
Financial assets
Cash and cash equivalents	$	18,960	$	18,960	$	—	$	—	$	—	$	—	$	18,960	$	18,960
Investment securities available for sale	—		—		178,972		178,972		—		—		178,972		178,972
Investment securities held to maturity	—		—		53,244		53,982		—		—		53,244		53,982
Loans held for sale	—		—		613		613		—		—		613		613
Loans receivable, net									496,184		505,181		496,184		505,181
FHLB stock	—		—		10,047		10,047		—		—		10,047		10,047
Mortgage servicing rights, net	—		—		—		—		1,266		2,157		1,266		2,157
Bank-owned life insurance	—		—		18,066		18,066		—		—		18,066		18,066
Financial liabilities
Demand deposits	$	466,707	$	466,707	$	—	$	—	$	—	$	—	$	466,707	$	466,707
Time deposits	—		—		133,692		134,162		—		—		133,692		134,162
Borrowings	—		—		105,133		107,584		—		—		105,133		107,584