v2.4.0.6
FAIR VALUE (Tables)
12 Months Ended
Jun. 30, 2012
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

Assets and liabilities measured at fair value on a recurring basis are summarized below, segregated by the level of the valuation inputs within the fair value hierarchy utilized to measure fair value:

 

          Fair Value Measurements at
June 30, 2012 Using
 
    Balance at
June 30, 2012
    Level 1     Level 2     Level 3  
Assets:                                
Obligations of government-sponsored entities   $ 8,567     $     $ 8,567     $  
Obligations of states and political subdivisions     35,276             35,276        
Mortgage-backed securities - residential     49,331             49,331        
Collateralized mortgage obligations     12,097             12,097        
Trust preferred security     64                   64  
Loans held for sale     377             387        

  

          Fair Value Measurements at
June 30, 2011 Using
 
    Balance at
June 30, 2011
    Level 1     Level 2     Level 3  
Securities available-for-sale:                                
Obligations of government sponsored entities   $ 16,260     $     $ 16,260     $  
Obligations of states and political subdivisions     25,098             25,098        
Mortgage-backed securities - residential     30,596             30,596        
Collateralized mortgage obligations     19,868             19,868        
Trust preferred security     67                   67
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]

The following table presents a reconciliation of the trust preferred security measured at fair value on a recurring basis using significant unobservable inputs (Level 3) for the years ended June 30, 2012 and 2011:

 

    Trust Preferred Security  
    2012     2011  
Beginning balance   $ 67     $ 422  
Realized losses included in other income           (370 )
Change in fair value included in other comprehensive income     (3 )     15  
Ending balance, June 30   $ 64     $ 67  
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis, Valuation Techniques [Table Text Block]

Financial assets and financial liabilities measured at fair value on a non-recurring basis are summarized below:

 

          Fair Value Measurements at
June 30, 2012 Using
 
    Balance at
June 30, 2012
    Level 1     Level 2     Level 3  
Impaired loans:                                
Commercial   $ 11     $     $     $ 11  
Commercial real estate:                                
Other     647                   647  
1-4 Family:                                
Owner occupied     40                   40  
Non-owner occupied     438                   438  

  

          Fair Value Measurements at
June 30, 2011 Using
 
    Balance at
June 30, 2011
    Level 1     Level 2     Level 3  
Impaired loans:                                
Commercial   $ 51     $     $     $ 51  
Commercial real estate:                                
Other     871                   871  
1-4 Family:                                
Owner occupied     317                   317  
Non-owner occupied     434                   434  
Schedule Of Carrying Values and Estimated Fair Values Of Debt Instruments [Table Text Block]

The following table shows the estimated fair values of financial instruments that are reported at amortized cost in the Corporation’s consolidated balance sheets, segregated by the level of the valuation inputs within the fair value hierarchy utilized to measure fair value:

  

   

2012

   

2011

 
   

Carrying
Amount

   

Estimated
Fair
Value

   

Carrying
Amount

   

Estimated
Fair
Value

 
                         
Financial Assets:                                
Level 1 inputs:                                
Cash and cash equivalents   $ 13,745     $ 13,745     $ 13,828     $ 13,828  
Level 2 inputs:                                
Certificates of deposits in other financial institutions     5,645       5,645       4,900       4,900  
Accrued interest receivable     1,043       1,043       980       980  
Level 3 inputs:                                
Loans, net     195,095       196,592       175,450       174,182  
Financial Liabilities:                                
Level 2 inputs:                                
Demand and savings deposits     200,011       200,011       159,302       159,302  
Time deposits     84,470       85,262       88,944       89,725  
Short-term borrowings     13,722       13,722       17,012       17,012  
Federal Home Loan Bank advances     6,446       7,398       7,535       7,884  
Accrued interest payable     56       56       82       82