UNREALIZED LOSSES ON SECURITIES (Tables)

12 Months Ended

Jun. 30, 2013

UNREALIZED LOSSES ON SECURITIES [Abstract]

Schedule of Gross Unrealized Losses and Fair Value


	2013
	Less Than Six Months					Six through Twelve Months					Twelve Months or Greater					Total
	Fair Value		Gross Unrealized Losses			Fair Value		Gross Unrealized Losses			Fair Value		Gross Unrealized Losses			Fair Value		Gross Unrealized Losses
	(Dollars in Thousands)

U.S. government agencies securities	$	9,667	$	(328	)	$	-	$	-		$	-	$	-		$	9,667	$	(328	)
Corporate debt securities		15,042		(78	)		2,322		(29	)		-		-			17,364		(107	)
Foreign debt securities¹		-		-			518		(5	)		-		-			518		(5	)
Collateralized mortgage obligations:
Agency		49,176		(235	)		782		(13	)		4,900		(8	)		54,858		(256	)
Private-label		-		-			-		-			109		(3	)		109		(3	)


Total	$	73,885	$	(641	)	$	3,622	$	(47	)	$	5,009	$	(11	)	$	82,516	$	(699	)


	2012
	Less Than Six Months					Six through Twelve Months					Twelve Months or Greater					Total
	Fair Value		Gross Unrealized Losses			Fair Value		Gross Unrealized Losses			Fair Value		Gross Unrealized Losses			Fair Value		Gross Unrealized Losses
	(Dollars in Thousands)

U.S. government agencies securities	$	7,725	$	(2	)	$	-	$	-		$	357	$	(2	)	$	8,082	$	(4	)
Corporate debt securities		17,670		(61	)		2,001		(68	)		-		-			19,671		(129	)
Foreign debt securities¹		1,093		(2	)		575		(1	)		-		-			1,668		(3	)
Collateralized mortgage obligations:
Agency		11,279		(12	)		272		(1	)		11,260		(11	)		22,811		(24	)
Private-label		624		(4	)		-		-			3,838		(84	)		4,462		(88	)


Total	$	38,391	$	(81	)	$	2,848	$	(70	)	$	15,455	$	(97	)	$	56,694	$	(248	)

Schedule of Changes in the Credit Loss


	Twelve Months Ended June 30,
	2013			2012
	(Dollars in Thousands)

Beginning balance	$	324		$	194
Initial credit impairment		-			24
Subsequent credit impairment		12			106
Reductions for amounts recognized in earnings due to intent or requirement to sell		-			-
Reductions for securities sold		-			-
Reduction for actual realized losses		(20	)		-
Reduction for increase in cash flows expected to be collected		-			-

Ending Balance	$	316		$	324

- Definition

Tabular disclosure of the amount of other than temporary impairment (OTTI) related to credit losses recognized in earnings including: (a) the beginning balance of the amount related to credit losses on debt securities held by the investor at the beginning of the period for which a portion of an OTTI was recognized in other comprehensive income; (b) additions for the amount related to the credit loss for which an OTTI was not previously recognized; (c) reductions for securities sold during the period (realized); (d) reductions for securities for which the amount previously recognized in other comprehensive income was recognized in earnings because the investor intends to sell the security or more likely than not will be required to sell the security before recovery of its amortized cost basis; (e) additional increases to the amount related to the credit loss for which an OTTI was previously recognized when the investor does not intend to sell the security and it is not more likely than not that the investor will be required to sell the security before recovery of its amortized cost basis; (f) reductions for increases in cash flows expected to be collected that are recognized over the remaining life of the security; and (g) the ending balance of the amount related to credit losses on debt securities held by the entity at the end of the period for which a portion of an OTTI was recognized in other comprehensive income.

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