INTEREST RATE CONTRACTS (Tables)

3 Months Ended

Sep. 30, 2015

Schedule of Derivative Financial Instruments

The following table summarizes the derivative financial instruments utilized as of September 30, 2015:



				Estimated Fair Value
	Balance Sheet Location	Notional Amount		Gain		Loss
Non-designated derivatives	Other assets	$	6,801	$	679	$	—
Fair value hedge	Loans and leases receivable	18,211		—		(718		)
Cash flow hedge	Accrued expenses and other liabilities	13,000		—		(443		)
Non-designated derivatives	Accrued expenses and other liabilities	6,801		—		(679		)
		$	44,813	$	679	$	(1,840	)

The following table summarizes the derivative financial instruments utilized as of June 30, 2015:



				Estimated Fair Value
	Balance Sheet Location	Notional Amount		Gain		Loss
Non-designated derivatives	Other assets	$	6,990	$	632	$	—
Fair value hedge	Loans and leases receivable	18,408		55		(398		)
Cash flow hedge	Accrued expenses and other liabilities	13,000		—		(532		)
Non-designated derivatives	Accrued expenses and other liabilities	6,990		—		(632		)
		$	45,388	$	687	$	(1,562	)

The following table details the derivative financial instruments, the average remaining maturities and the weighted-average interest rates being paid and received as of September 30, 2015:



	Notional Value		Average Maturity (years)	Estimated Fair Value Gain (Loss)			Receive		Pay
Liability conversion swaps	$	13,000	0.9	$	(443	)	2.50	%	5.89	%
Loan interest rate swaps	31,813		6.5	(718		)	2.16		4.50
	$	44,813		$	(1,161	)

There were no gains or losses included in the income statement for the periods ended September 30, 2015 or 2014.