|
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 |
) |
|