Note 12: Fair Value Measurements: Fair Value Measurements, Nonrecurring (Tables)

3 Months Ended

Mar. 31, 2014

Tables/Schedules

Fair Value Measurements, Nonrecurring

Nonrecurring Measurements.  The following tables present the fair value measurement of assets measured at fair value on a nonrecurring basis and the level within the ASC 820 fair value hierarchy in which the fair value measurements fell at March 31, 2014 and June 30, 2013:

	Fair Value Measurements at March 31, 2014, Using:
		Quoted Prices in	Significant	Significant
		Active Markets for	Other Observable	Observable
		Identical Assets	Inputs	Inputs
	Fair Value	(Level 1)	(Level 2)	(Level 3)
Impaired loans (collateral dependent)	$215,000	$-	$-	$215,000
Foreclosed and repossessed assets held for sale	3,008,000	-	-	3,008,000

	Fair Value Measurements at June 30, 2013, Using:
		Quoted Prices in	Significant	Significant
		Active Markets for	Other Observable	Observable
		Identical Assets	Inputs	Inputs
	Fair Value	(Level 1)	(Level 2)	(Level 3)
Impaired loans (collateral dependent)	$378,000	$-	$-	$378,000
Foreclosed and repossessed assets held for sale	3,075,000	-	-	3,075,000