SECURITIES (Tables)

3 Months Ended

Sep. 30, 2012

Amortized Cost and Fair Value of Securities Available for Sale and Related Gross Unrealized Gains and Losses Recognized in Accumulated Other Comprehensive Income (Loss)

As of September 30, 2012 and June 30, 2012, respectively, the amortized cost and fair value of securities available for sale and the related gross unrealized gains and losses recognized in accumulated other comprehensive income (loss) were as follows:

	September 30, 2012
			Gross		Gross
	Amortized		Unrealized		Unrealized			Fair
	Cost		Gains		Losses			Value
FNMA structured notes	$	2,000,000	$	3,600	$	0		$	2,003,600
Trust preferred and corporate securities		18,210,212		460,346		(13,562	)		18,656,997
Mortgage-backed GSE securities		17,247,156		387,506		(14,708	)		17,619,954
Total	$	37,457,369	$	851,452	$	(28,270	)	$	38,280,551
	June 30, 2012
			Gross		Gross
	Amortized		Unrealized		Unrealized			Fair
	Cost		Gains		Losses			Value
FNMA structured notes	$	2,000,000	$	9,320	$	0		$	2,009,320
Trust preferred and corporate securities		20,964,197		344,230		(46,665	)		21,261,762
Mortgage-backed GSE securities		15,093,864		293,098					15,386,962
Total	$	38,058,061	$	646,648	$	(46,665	)	$	38,658,044

Amortized Cost and Fair Value of Securities Available-for-Sale, by Contractual Maturity

The amortized cost and fair value of securities available-for-sale, by contractual maturity, are shown below:

	September 30, 2012
	Amortized
	Cost		Fair Value
One to five years	$	2,000,000	$	2,003,600
Five to ten years		5,037,865		5,102,220
Greater than 10 years		13,172,347		13,554,827
Mortgage-backed GSE securities		17,225,615		17,619,954
Total	$	37,435,828	$	38,280,551