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Securities - (Tables)
 12 Months Ended
Jun. 30, 2017
Investments, Debt and Equity Securities [Abstract]  
Schedule of amortized costs and fair values of securities available-for-sale
The amortized cost, gross unrealized gains and losses, and estimated fair value of securities classified as available-for-sale and held-to-maturity at June 30, 2017, are summarized as follows:

 
June 30, 2017
 
Amortized
Cost
 
Gross
Unrealized
Gains
 
Gross
Unrealized
Losses
 
Estimated
Fair
Value
 
(In thousands)
Available for Sale
 
 
 
 
 
 
 
Investment Securities
 
 
 
 
 
 
 
Municipal bonds
$
21,540

 
$
686

 
$
(3
)
 
$
22,223

U.S. Treasury and government agency issued bonds (Agency bonds)
5,050

 
—

 
(124
)
 
4,926

U.S. government agency issued asset-backed securities (ABS agency)
7,883

 
—

 
(235
)
 
7,648

Corporate issued asset-backed securities (ABS corporate)
9,921

 
—

 
(108
)
 
9,813

U.S. Small Business Administration securities (SBA)
14,195

 
36

 
(53
)
 
14,178

 
 
 
 
 
 
 
 
Total
$
58,589

 
$
722

 
$
(523
)
 
$
58,788

 
 
 
 
 
 
 
 
Mortgage-Backed Securities
 
 
 
 
 
 
 
U.S. government agency issued mortgage-backed securities
    (MBS agency)
$
144,380

 
$
110

 
$
(1,054
)
 
$
143,436

Corporate issued mortgage-backed securities (MBS corporate)
26,324

 
126

 
(81
)
 
26,369

 
 
 
 
 
 
 
 
Total
$
170,704

 
$
236

 
$
(1,135
)
 
$
169,805

 
 
 
 
 
 
 
 
Total securities available for sale
$
229,293

 
$
958

 
$
(1,658
)
 
$
228,593

 
 
 
 
 
 
 
 
Held to Maturity
 
 
 
 
 
 
 
Investment Securities
 
 
 
 
 
 
 
Municipal bonds
$
14,120

 
$
306

 
$
—

 
$
14,426

SBA
443

 
—

 
(1
)
 
442

 
 
 
 
 
 
 
 
Total
$
14,563

 
$
306

 
$
(1
)
 
$
14,868

 
 
 
 
 
 
 
 
Mortgage-Backed Securities
 
 
 
 
 
 
 
MBS agency
$
37,309

 
$
566

 
$
(122
)
 
$
37,753

 
 
 
 
 
 
 
 
Total securities held to maturity
$
51,872

 
$
872

 
$
(123
)
 
$
52,621



The amortized cost, gross unrealized gains and losses, and estimated fair value of securities classified as available-for-sale and held-to-maturity at June 30, 2016, are summarized as follows:
 
June 30, 2016
 
Cost
 
Gross
Unrealized
Gains
 
Gross
Unrealized
Losses
 
Estimated
Fair
Value
 
(In thousands)
Available for Sale
 
 
 
 
 
 
 
Investment Securities
 
 
 
 
 
 
 
Municipal bonds
$
21,609

 
$
1,570

 
$
—

 
$
23,179

Agency bonds
15,036

 
15

 
(3
)
 
15,048

ABS agency
8,751

 
—

 
(816
)
 
7,935

ABS corporate
29,690

 
16

 
(325
)
 
29,381

SBA
9,335

 
166

 
—

 
9,501

 
 
 
 
 
 
 
 
Total
$
84,421

 
$
1,767

 
$
(1,144
)
 
$
85,044

 
 
 
 
 
 
 
 
Mortgage-Backed Securities
 
 
 
 
 
 
 
MBS agency
$
139,449

 
$
2,228

 
$
(28
)
 
$
141,649

MBS corporate
41,164

 
100

 
(100
)
 
41,164

 
 
 
 
 
 
 
 
Total
$
180,613

 
$
2,328

 
$
(128
)
 
$
182,813

 
 
 
 
 
 
 
 
Total securities available for sale
$
265,034

 
$
4,095

 
$
(1,272
)
 
$
267,857

 
 
 
 
 
 
 
 
Held to Maturity
 
 
 
 
 
 
 
Investment Securities
 
 
 
 
 
 
 
Municipal bonds
$
14,425

 
$
633

 
$
—

 
$
15,058

SBA
497

 
1

 
—

 
498

 
 
 
 
 
 
 
 
Total
$
14,922

 
$
634

 
$
—

 
$
15,556

 
 
 
 
 
 
 
 
Mortgage-Backed Securities
 
 
 
 
 
 
 
MBS agency
$
41,116

 
$
2,257

 
$
(1
)
 
$
43,372

 
 
 
 
 
 
 
 
Total securities held to maturity
$
56,038

 
$
2,891

 
$
(1
)
 
$
58,928
Schedule of available-for-sale securities in a continuous unrealized loss position
The following table shows the unrealized gross losses and fair value of the investment portfolio by length of time that individual securities in each category have been in a continuous loss position as of June 30, 2017:
 
Less Than Twelve Months
 
Twelve Months or Longer
 
Total
 
Gross
Unrealized
Losses
 
Fair
Value
 
Gross
Unrealized
Losses
 
Fair
Value
 
Gross
Unrealized
Losses
 
Fair
Value
 
(In thousands)
Available for Sale
 
 
 
 
 
 
 
 
 
 
 
Investment Securities
 
 
 
 
 
 
 
 
 
 
 
Municipal bonds
$
(3
)
 
$
116

 
$
—

 
$
—

 
$
(3
)
 
$
116

Agency and US treasury bonds
(52
)
 
2,498

 
(72
)
 
2,428

 
(124
)
 
4,926

ABS Agency
—

 
—

 
(235
)
 
7,647

 
(235
)
 
7,647

ABS corporate
—

 
—

 
(108
)
 
9,813

 
(108
)
 
9,813

SBA
(53
)
 
8,405

 
—

 
—

 
(53
)
 
8,405

 
 
 
 
 
 
 
 
 
 
 
 
Total
$
(108
)
 
$
11,019

 
$
(415
)
 
$
19,888

 
$
(523
)
 
$
30,907

 
 
 
 
 
 
 
 
 
 
 
 
Mortgage-Backed Securities
 
 
 
 
 
 
 
 
 
 
 
MBS agency
$
(968
)
 
$
102,738

 
$
(86
)
 
$
4,978

 
$
(1,054
)
 
$
107,716

MBS corporate
(81
)
 
6,894

 
—

 
—

 
(81
)
 
6,894

 
 
 
 
 
 
 
 
 
 
 
 
Total
$
(1,049
)
 
$
109,632

 
$
(86
)
 
$
4,978

 
$
(1,135
)
 
$
114,610

 
 
 
 
 
 
 
 
 
 
 
 
Held to Maturity
 
 
 
 
 
 
 
 
 
 
 
Investment Securities
 
 
 
 
 
 
 
 
 
 
 
SBA
$
(1
)
 
$
261

 
$
—

 
$
—

 
$
(1
)
 
$
261

 
 
 
 
 
 
 
 
 
 
 
 
Mortgage-Backed Securities
 
 
 
 
 
 
 
 
 
 
 
MBS agency
$
(121
)
 
$
18,522

 
$
(1
)
 
$
597

 
$
(122
)
 
$
19,119

The following table shows the unrealized gross losses and fair value of the investment portfolio by length of time that individual securities in each category have been in a continuous loss position as of June 30, 2016:
 
Less Than Twelve Months
 
Twelve Months or Longer
 
Total
 
Gross
Unrealized
Losses
 
Fair
Value
 
Gross
Unrealized
Losses
 
Fair
Value
 
Gross
Unrealized
Losses
 
Fair
Value
 
(In thousands)
Available for Sale
 
 
 
 
 
 
 
 
 
 
 
Investment Securities
 
 
 
 
 
 
 
 
 
 
 
Agency bonds
$
(3
)
 
$
2,497

 
$
—

 
$
—

 
$
(3
)
 
$
2,497

ABS Agency
—

 
—

 
(816
)
 
7,935

 
(816
)
 
7,935

ABS Corporate
(325
)
 
21,521

 
—

 
—

 
(325
)
 
21,521

Total
$
(328
)
 
$
24,018

 
$
(816
)
 
$
7,935

 
$
(1,144
)
 
$
31,953

 
 
 
 
 
 
 
 
 
 
 
 
Mortgage-Backed Securities
 
 
 
 
 
 
 
 
 
 
 
MBS agency
$
—

 
$
—

 
$
(28
)
 
$
6,771

 
$
(28
)
 
$
6,771

MBS corporate
(100
)
 
26,120

 
—

 
—

 
(100
)
 
26,120

Total
$
(100
)
 
$
26,120

 
$
(28
)
 
$
6,771

 
$
(128
)
 
$
32,891

 
 
 
 
 
 
 
 
 
 
 
 
Held to Maturity
 
 
 
 
 
 
 
 
 
 
 
Mortgage-Backed Securities
 
 
 
 
 
 
 
 
 
 
 
MBS agency
$
—

 
$
652

 
$
(1
)
 
$
89

 
$
(1
)
 
$
741
Schedule of held-to-maturity securities in a continuous unrealized loss position
The following table shows the unrealized gross losses and fair value of the investment portfolio by length of time that individual securities in each category have been in a continuous loss position as of June 30, 2017:
 
Less Than Twelve Months
 
Twelve Months or Longer
 
Total
 
Gross
Unrealized
Losses
 
Fair
Value
 
Gross
Unrealized
Losses
 
Fair
Value
 
Gross
Unrealized
Losses
 
Fair
Value
 
(In thousands)
Available for Sale
 
 
 
 
 
 
 
 
 
 
 
Investment Securities
 
 
 
 
 
 
 
 
 
 
 
Municipal bonds
$
(3
)
 
$
116

 
$
—

 
$
—

 
$
(3
)
 
$
116

Agency and US treasury bonds
(52
)
 
2,498

 
(72
)
 
2,428

 
(124
)
 
4,926

ABS Agency
—

 
—

 
(235
)
 
7,647

 
(235
)
 
7,647

ABS corporate
—

 
—

 
(108
)
 
9,813

 
(108
)
 
9,813

SBA
(53
)
 
8,405

 
—

 
—

 
(53
)
 
8,405

 
 
 
 
 
 
 
 
 
 
 
 
Total
$
(108
)
 
$
11,019

 
$
(415
)
 
$
19,888

 
$
(523
)
 
$
30,907

 
 
 
 
 
 
 
 
 
 
 
 
Mortgage-Backed Securities
 
 
 
 
 
 
 
 
 
 
 
MBS agency
$
(968
)
 
$
102,738

 
$
(86
)
 
$
4,978

 
$
(1,054
)
 
$
107,716

MBS corporate
(81
)
 
6,894

 
—

 
—

 
(81
)
 
6,894

 
 
 
 
 
 
 
 
 
 
 
 
Total
$
(1,049
)
 
$
109,632

 
$
(86
)
 
$
4,978

 
$
(1,135
)
 
$
114,610

 
 
 
 
 
 
 
 
 
 
 
 
Held to Maturity
 
 
 
 
 
 
 
 
 
 
 
Investment Securities
 
 
 
 
 
 
 
 
 
 
 
SBA
$
(1
)
 
$
261

 
$
—

 
$
—

 
$
(1
)
 
$
261

 
 
 
 
 
 
 
 
 
 
 
 
Mortgage-Backed Securities
 
 
 
 
 
 
 
 
 
 
 
MBS agency
$
(121
)
 
$
18,522

 
$
(1
)
 
$
597

 
$
(122
)
 
$
19,119

The following table shows the unrealized gross losses and fair value of the investment portfolio by length of time that individual securities in each category have been in a continuous loss position as of June 30, 2016:
 
Less Than Twelve Months
 
Twelve Months or Longer
 
Total
 
Gross
Unrealized
Losses
 
Fair
Value
 
Gross
Unrealized
Losses
 
Fair
Value
 
Gross
Unrealized
Losses
 
Fair
Value
 
(In thousands)
Available for Sale
 
 
 
 
 
 
 
 
 
 
 
Investment Securities
 
 
 
 
 
 
 
 
 
 
 
Agency bonds
$
(3
)
 
$
2,497

 
$
—

 
$
—

 
$
(3
)
 
$
2,497

ABS Agency
—

 
—

 
(816
)
 
7,935

 
(816
)
 
7,935

ABS Corporate
(325
)
 
21,521

 
—

 
—

 
(325
)
 
21,521

Total
$
(328
)
 
$
24,018

 
$
(816
)
 
$
7,935

 
$
(1,144
)
 
$
31,953

 
 
 
 
 
 
 
 
 
 
 
 
Mortgage-Backed Securities
 
 
 
 
 
 
 
 
 
 
 
MBS agency
$
—

 
$
—

 
$
(28
)
 
$
6,771

 
$
(28
)
 
$
6,771

MBS corporate
(100
)
 
26,120

 
—

 
—

 
(100
)
 
26,120

Total
$
(100
)
 
$
26,120

 
$
(28
)
 
$
6,771

 
$
(128
)
 
$
32,891

 
 
 
 
 
 
 
 
 
 
 
 
Held to Maturity
 
 
 
 
 
 
 
 
 
 
 
Mortgage-Backed Securities
 
 
 
 
 
 
 
 
 
 
 
MBS agency
$
—

 
$
652

 
$
(1
)
 
$
89

 
$
(1
)
 
$
741
Schedule of amortized cost and estimated fair value of investment securities by contractual maturity
The amortized cost and estimated fair value of investment securities by contractual maturity are shown in the following tables at the dates indicated. Expected maturities of mortgage-backed securities may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties; therefore, these securities are shown separately.
 
June 30, 2017
 
Available for Sale
 
Held to Maturity
 
Amortized
Cost
 
Estimated
Fair Value
 
Amortized
Cost
 
Estimated
Fair Value
 
(In thousands)
Mortgage-backed securities:
 
 
 
 
 
 
 
Due within one year
$
—

 
$
—

 
$
—

 
$
—

Due after one through five years
—

 
—

 
2,518

 
2,550

Due after five through ten years
19,009

 
18,919

 
3,260

 
3,233

Due after ten years
151,695

 
150,886

 
31,531

 
31,970

 
 
 
 
 
 
 
 
Total mortgage-backed securities
170,704

 
169,805

 
37,309

 
37,753

 
 
 
 
 
 
 
 
All other investment securities:
 
 
 
 
 
 
 
Due within one year
—

 
—

 
—

 
—

Due after one through five years
6,890

 
6,848

 
—

 
—

Due after five through ten years
22,042

 
22,124

 
9,637

 
9,817

Due after ten years
29,657

 
29,816

 
4,926

 
5,051

 
 
 
 
 
 
 
 
Total all other investment securities
58,589

 
58,788

 
14,563

 
14,868

 
 
 
 
 
 
 
 
Total investment securities
$
229,293

 
$
228,593

 
$
51,872

 
$
52,621

 
 
 
 
 
 
 
 

 
June 30, 2016
 
Available for Sale
 
Held to Maturity
 
Amortized
Cost
 
Estimated
Fair Value
 
Amortized
Cost
 
Estimated
Fair Value
 
(In thousands)
Mortgage-backed securities:
 
 
 
 
 
 
 
Due within one year
$
—

 
$
—

 
$
—

 
$
—

Due after one through five years
—

 
—

 
2,263

 
2,324

Due after five through ten years
18,089

 
18,668

 
3,701

 
3,768

Due after ten years
162,524

 
164,145

 
35,152

 
37,280

 
 
 
 
 
 
 
 
Total mortgage-backed securities
180,613

 
182,813

 
41,116

 
43,372

 
 
 
 
 
 
 
 
All other investment securities:
 
 
 
 
 
 
 
Due within one year
7,000

 
6,921

 
—

 
—

Due after one through five years
11,780

 
11,950

 
—

 
—

Due after five through ten years
14,440

 
14,668

 
9,711

 
10,094

Due after ten years
51,201

 
51,505

 
5,211

 
5,462

 
 
 
 
 
 
 
 
Total all other investment securities
84,421

 
85,044

 
14,922

 
15,556

 
 
 
 
 
 
 
 
Total investment securities
$
265,034

 
$
267,857

 
$
56,038

 
$
58,928

 
 
 
 
 
 
 
 
Summary of sale of available-for-sale securities
Sales of available-for-sale securities were as follows:
 
Years Ended June 30,
 
2017
 
2016
 
2015
 
(In thousands)
Proceeds
$
—

 
$
109,065

 
$
—

Gross gains
—

 
1,727

 
—

Gross losses
—

 
(160
)
 
—