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Fair Value Accounting and Measurement - (Tables)
12 Months Ended
Jun. 30, 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:
 
June 30, 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
$

 
$
17,274

 
$

 
$
17,274

Agency bonds

 
23,774

 

 
23,774

ABS agency

 
9,201

 

 
9,201

ABS corporate

 
29,634

 

 
29,634

SBA

 
34,328

 

 
34,328

MBS agency

 
176,877

 

 
176,877

MBS corporate

 
7,952

 

 
7,952

 
$

 
$
299,040

 
$

 
$
299,040

 
 
 
 
 
 
 
 
 
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:
 
June 30, 2015
 
Level 1
 
Level 2
 
Level 3
 
Total
 
(In thousands)
Impaired loans
$

 
$

 
$
10,760

 
$
10,760

Real estate owned and repossessed assets

 

 
1,914

 
1,914

 
 
 
 
 
 
 
 
 
$

 
$

 
$
12,674

 
$
12,674

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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:
 
June 30, 2015
 
Fair Value
 
Valuation
Technique
 
Unobservable Input
 
Range
(Weighted-Average)1
 
(In thousands)
 
 
 
 
 
 
Impaired loans
$
10,760

 
Market comparable
 
Discount to appraisal
 
0% - 25% (2%)
Real estate owned and repossessed assets
1,914

 
Market comparable
 
Discount to appraisal
 
0% - 8% (1%)
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:
 
June 30, 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
$
45,030

 
$
45,030

 
$

 
$

 
$

 
$

 
$
45,030

 
$
45,030

Investment securities available for sale

 

 
299,040

 
299,040

 

 

 
299,040

 
299,040

Investment securities held to maturity

 

 
61,524

 
62,510

 

 

 
61,524

 
62,510

Loans held for sale

 

 
110

 
110

 

 

 
110

 
110

Loans receivable, net

 

 

 

 
487,887

 
493,270

 
487,887

 
493,270

FHLB stock

 

 
4,807

 
4,807

 

 

 
4,807

 
4,807

Accrued interest receivable

 

 
2,546

 
2,546

 

 

 
2,546

 
2,546

Mortgage servicing rights, net

 

 

 

 
1,187

 
1,837

 
1,187

 
1,837

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Financial liabilities
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Demand deposits
$
499,236

 
$
499,236

 
$

 
$

 
$

 
$

 
$
499,236

 
$
499,236

Time deposits

 

 
147,928

 
148,436

 

 

 
147,928

 
148,436

Borrowings

 

 
90,033

 
93,426

 

 

 
90,033

 
93,426

Accrued interest payable

 

 
265

 
265

 

 

 
265

 
265


 
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

Accrued interest receivable

 

 
2,272

 
2,272

 

 

 
2,272

 
2,272

Mortgage servicing rights, net

 

 

 

 
1,266

 
2,157

 
1,266

 
2,157

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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

Accrued interest payable

 

 
262

 
262

 

 

 
262

 
262