INTEREST RATE CONTRACTS (Tables)

6 Months Ended

Dec. 31, 2014

Interest Rate Contracts [Abstract]

Schedule of Derivative Financial Instruments

The following table summarizes the derivative financial instruments utilized as of December 31, 2014:

				Estimated Fair Value
	Balance Sheet Location	Notional Amount		Gain		Loss
Non-designated derivatives	Other assets	$	7,367	$	700	$	—
Fair value hedge	Loans and leases receivable	20,786		133		(437		)
Cash flow hedge	Accrued expenses and other liabilities	13,000		—		(702		)
Non-designated derivatives	Accrued expenses and other liabilities	7,367		—		(700		)
		$	48,520	$	833	$	(1,839	)

The following table summarizes the derivative financial instruments utilized as of June 30, 2014:

				Estimated Fair Value
	Balance Sheet Location	Notional Amount		Gain		Loss
Non-designated derivatives	Other assets	$	7,730	$	739	$	—
Fair value hedge	Loans and leases receivable	21,267		172		(273		)
Cash flow hedge	Accrued expenses and other liabilities	15,000		—		(952		)
Non-designated derivatives	Accrued expenses and other liabilities	7,730		—		(739		)
		$	51,727	$	911	$	(1,964	)

The following table details the derivative financial instruments, the average remaining maturities and the weighted-average interest rates being paid and received as of December 31, 2014:

	Notional Value		Average Maturity (years)	Fair Value Gain (Loss)			Receive		Pay
Liability conversion swaps	$	13,000	1.7	$	(702	)	2.41	%	5.89	%
Loan interest rate swaps	35,520		7.3	(304		)	2.12		4.45
	$	48,520		$	(1,006	)

There were no gains or losses included in the income statement for the periods ended December 31, 2014 or 2013.