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