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Note 3: Securities: Repurchase Agreements, Collateral, Policy (Policies)
9 Months Ended
Mar. 31, 2019
Policies  
Repurchase Agreements, Collateral, Policy

The carrying value of investment and mortgage-backed securities pledged as collateral to secure public deposits and securities sold under agreements to repurchase amounted to $141.0 million at March 31, 2019 and $124.2 million at June 30, 2018.  The securities pledged consist of marketable securities, including $6.2 million and $8.4 million of U.S. Government and Federal Agency Obligations, $44.5 million and $39.8 million of Mortgage-Backed Securities, $55.5 million and $41.5 million of Collateralized Mortgage Obligations, $34.6 million and $34.2 million of State and Political Subdivisions Obligations, and $200,000 and $300,000 of Other Securities at March 31, 2019 and June 30, 2018, respectively.

 

Gains of $265,450 were recognized from sales of available-for-sale securities in each of the three- and nine- month periods ended March 31, 2019.  Losses of $21,576 were recognized from sales of available-for-sale securities in each of the three- and nine- month periods ended March 31, 2019.  Gains of $344,391 and $395,843 were recognized from sales of available-for-sale securities in the three- and nine- month periods ended March 31, 2018.  Losses of $ 89,996 and $104,341 were recognized from sales of available-for-sale securities in the three- and nine- month periods ended March 31, 2018.