Investment Securities

12 Months Ended

Jun. 30, 2019

Investment Securities

Investment Securities

Note 8.  Investment Securities

The Company uses the specific identification method to determine the cost of securities sold, which consisted entirely of securities classified as trading.

In May 2018, the Company liquidated the remainder of its equity securities portfolio.  As of June 30, 2019 and June 30, 2018, the Company does not own any equity securities.

The Company had a net gain on investment securities of $3.3 million during the fiscal year ended June 30, 2018.

The Company had a net gain on investment securities of $2.9 million during the fiscal year ended June 30, 2017, which included an unrealized gain related to securities still held at June 30, 2017 of $1.0 million.