v2.4.0.6
SECURITIES (Tables)
12 Months Ended
Jun. 30, 2012
Investments, Debt and Equity Securities [Abstract]  
Trading Securities (and Certain Trading Assets) [Table Text Block]

The following table sets forth certain information regarding the amortized cost and fair value of the Corporation’s available-for-sale securities at the dates indicated.

 

Description of Securities    Amortized
Cost
 
    Gross
Unrealized
Gains
 
    Gross
Unrealized
Losses
 
    Fair
Value
 
 
June 30, 2012                                
Obligations of U.S. government-sponsored entities and agencies   $ 8,487     $ 80     $     $ 8,567  
Obligations of state and political subdivisions     33,808       1,577       (109 )     35,276  
Mortgage-backed securities - residential     48,255       1,108       (32 )     49,331  
Collateralized mortgage obligations     12,154       25       (82 )     12,097  
Trust preferred security     202             (138 )     64  
Total securities   $ 102,906     $ 2,790     $ (361 )   $ 105,335  

 

    Amortized
Cost
    Gross
Unrealized
Gains
    Gross
Unrealized
Losses
    Fair
Value
 
June 30, 2011                                
Obligations of U.S. government sponsored entities and agencies   $ 16,185     $ 98     $ (23 )   $ 16,260  
Obligations of state and political subdivisions     24,725       584       (211 )     25,098  
Mortgage-backed securities - residential     29,424       1,172             30,596  
Collateralized mortgage obligations     19,856       74       (62 )     19,868  
Trust preferred security     202             (135 )     67  
Total securities   $ 90,392     $ 1,928     $ (431 )   $ 91,889
Schedule of Realized Gain (Loss) [Table Text Block]

Proceeds from sales of debt securities during 2012 and 2011 were as follows:

 

    2012     2011  
Proceeds from sales   $ 14,568     $ 5,123  
Gross realized gains     204       77  
Gross realized gains from calls     -       21  
Gross realized losses     60       27
Available-for-sale Securities [Table Text Block]

The amortized cost and fair values of available-for-sale securities at June 30, 2012 by expected maturity are shown below. Expected maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. Securities not due at a single maturity date, primarily mortgage-backed securities, collateralized mortgage obligations and the trust preferred security are shown separately.

 

    Amortized
Cost
    Fair Value  
Due in one year or less   $ 3,507     $ 3,524  
Due after one year through five years     5,928       6,018  
Due after five years through ten years     10,105       10,577  
Due after ten years     22,755       23,724  
Total     42,295       43,843  
Mortgage-backed securities – residential     48,255       49,331  
Collateralized mortgage obligations     12,154       12,097  
Trust preferred security     202       64  
Total   $ 102,906     $ 105,335
Available For Sale Securities Continuous Unrealized Loss Position Fair Value [Table Text Block]

The following table summarizes the securities with unrealized losses at June 30, 2012 and 2011, aggregated by investment category and length of time the individual securities have been in a continuous unrealized loss position:

  

    Less than 12 Months     12 Months or more     Total  
Description of Securities   Fair
Value
    Unrealized
Loss
    Fair
Value
    Unrealized
Loss
    Fair
Value
    Unrealized
Loss
 
June 30, 2012                                                
Obligations of states and political subdivisions   $ 6,002     $ (109 )   $      $     $ 6,002     $ (109 )
Mortgage-backed securities - residential     11,135       (32 )                 11,135       (32 )
Collateralized mortgage obligations     6,411       (62 )     2,314       (20 )     8,725       (82 )
Trust preferred security                 64       (138 )     64       (138 )
Total temporarily impaired   $ 23,548     $ (203 )   $ 2,378     $ (158 )   $ 25,926     $ (361 )

 

    Less than 12 Months     12 Months or more     Total  
    Fair
Value
    Unrealized
Loss
    Fair
Value
    Unrealized
Loss
    Fair
Value
    Unrealized
Loss
 
                                     
June 30, 2011                                                
Obligations of U.S. government-sponsored entities   $ 3,088     $ (23 )   $         $ 3,088     $ (23 )
Obligations of states and political subdivisions     3,656       (81 )     1,221       (130 )     4,877       (211 )
Collateralized mortgage obligations     9,665       (62 )                 9,665       (62 )
Trust preferred security                 67       (135 )     67       (135 )
Total temporarily impaired   $ 16,409     $ (166 )   $ 1,288     $ (265 )   $ 17,697     $ (431 )