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Note 12: Fair Value Measurements: Schedule of Fair Value of Financial Instruments (Tables)
 6 Months Ended
Dec. 31, 2013
Tables/Schedules  
Schedule of Fair Value of Financial Instruments

 

Fair Value of Financial Instruments. The following table presents estimated fair values of the Company’s financial instruments and the level within the fair value hierarchy in which the fair value measurements fell at December 31 and June 30, 2013. 

 

December 31, 2013

Quoted Prices

(dollars in thousands)

in Active

Significant

Markets for

Significant Other

Unobservable

Carrying

Identical Assets

Observable Inputs

Inputs

 

Amount

(Level 1)

(Level 2)

(Level 3)

Financial assets

      Cash and cash equivalents

$19,885

$19,885

$-

$-

      Interest-bearing time deposits

980

-

980

-

      Stock in FHLB

4,269

-

4,269

-

      Stock in Federal Reserve Bank of St. Louis

1,004

-

1,004

-

      Loans receivable, net

748,730

-

-

752,009

      Accrued interest receivable

4,785

-

4,785

-

Financial liabilities

      Deposits

729,791

424,975

-

305,079

      Securities sold under agreements to repurchase

21,801

-

21,801

-

      Advances from FHLB

80,888

55,300

27,986

-

      Accrued interest payable

904

-

904

-

      Subordinated debt

9,714

-

-

8,448

Unrecognized financial instruments    (net of contract amount)

      Commitments to originate loans

-

-

-

-

      Letters of credit

-

-

-

-

      Lines of credit

-

-

-

-

 

June 30, 2013

Quoted Prices

(dollars in thousands)

in Active

Significant

Markets for

Significant Other

Unobservable

Carrying

Identical Assets

Observable Inputs

Inputs

 

Amount

(Level 1)

(Level 2)

(Level 3)

Financial assets

      Cash and cash equivalents

$12,789

$12,789

$-

$-

      Interest-bearing time deposits

980

-

980

-

      Stock in FHLB

2,007

-

2,007

-

      Stock in Federal Reserve Bank of St. Louis

1,004

-

1,004

-

      Loans receivable, net

647,166

-

-

652,904

      Accrued interest receivable

3,970

-

3,970

-

Financial liabilities

      Deposits

632,379

359,796

-

273,260

      Securities sold under agreements to repurchase

27,788

-

27,788

-

      Advances from FHLB

24,500

-

27,040

-

      Accrued interest payable

529

-

529

-

      Subordinated debt

7,217

-

-

6,209

Unrecognized financial instruments    (net of contract amount)

      Commitments to originate loans

-

-

-

-

      Letters of credit

-

-

-

-

      Lines of credit

-

-

-

-