v2.4.0.6
FAIR VALUE (Tables)
12 Months Ended
Jun. 30, 2013
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:
 
 
 
Balance at
 
Fair Value Measurements at
June 30, 2013 Using
 
 
 
June 30, 2013
 
Level 1
 
Level 2
 
Level 3
 
Assets:
 
 
 
 
 
 
 
 
 
 
 
 
 
Securities available-for-sale:
 
 
 
 
 
 
 
 
 
 
 
 
 
Obligations of government-sponsored entities
 
$
4,658
 
$
 
$
4,658
 
$
 
Obligations of states and political subdivisions
 
 
39,812
 
 
 
 
39,812
 
 
 
Mortgage-backed securities - residential
 
 
46,889
 
 
 
 
46,889
 
 
 
Collateralized mortgage obligations
 
 
5,708
 
 
 
 
5,708
 
 
 
Trust preferred security
 
 
162
 
 
 
 
 
 
162
 
 
 
 
Balance at
 
Fair Value Measurements at
June 30, 2012 Using
 
 
 
June 30, 2012
 
Level 1
 
Level 2
 
Level 3
 
Securities available-for-sale:
 
 
 
 
 
 
 
 
 
 
 
 
 
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
 
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, 2013 and 2012:
 
 
 
 
Trust Preferred Security
 
 
 
2013
 
2012
 
Beginning balance
 
$
64
 
$
67
 
Realized losses included in other income
 
 
 
 
 
Change in fair value included in other comprehensive income
 
 
98
 
 
(3)
 
Ending balance, June 30
 
$
162
 
$
64
 
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:
 
 
 
Balance at
 
Fair Value Measurements at
June 30, 2013 Using
 
 
 
June 30, 2013
 
Level 1
 
Level 2
 
Level 3
 
Impaired loans:
 
 
 
 
 
 
 
 
 
 
 
 
 
Commercial
 
$
43
 
$
 
$
 
$
43
 
1-4 Family:
 
 
 
 
 
 
 
 
 
 
 
 
 
Owner occupied
 
 
101
 
 
 
 
 
 
101
 
Non-owner occupied
 
 
475
 
 
 
 
 
 
475
 
 
 
 
Balance at
 
Fair Value Measurements at
June 30, 2012 Using
 
 
 
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
 
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:
 
 
 
2013
 
2012
 
 
 
Carrying
Amount
 
Estimated
Fair
Value
 
Carrying
Amount
 
Estimated
Fair
Value
 
Financial Assets:
 
 
 
 
 
 
 
 
 
 
 
 
 
Level 1 inputs:
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
 
$
9,356
 
$
9,356
 
$
13,745
 
$
13,745
 
Level 2 inputs:
 
 
 
 
 
 
 
 
 
 
 
 
 
Certificates of deposits in other financial institutions
 
 
4,175
 
 
4,175
 
 
5,645
 
 
5,645
 
Loans held for sale
 
 
93
 
 
97
 
 
377
 
 
387
 
Accrued interest receivable
 
 
1,044
 
 
1,044
 
 
1,043
 
 
1,043
 
Level 3 inputs:
 
 
 
 
 
 
 
 
 
 
 
 
 
Securities held-to-maturity
 
 
3,000
 
 
2,926
 
 
 
 
 
Loans, net
 
 
214,544
 
 
212,555
 
 
195,095
 
 
196,592
 
Financial Liabilities:
 
 
 
 
 
 
 
 
 
 
 
 
 
Level 2 inputs:
 
 
 
 
 
 
 
 
 
 
 
 
 
Demand and savings deposits
 
 
214,898
 
 
214,898
 
 
200,011
 
 
200,011
 
Time deposits
 
 
79,209
 
 
79,575
 
 
84,470
 
 
85,262
 
Short-term borrowings
 
 
12,490
 
 
12,490
 
 
13,722
 
 
13,722
 
Federal Home Loan Bank advances
 
 
6,366
 
 
7,049
 
 
6,446
 
 
7,398
 
Accrued interest payable
 
 
48
 
 
48
 
 
56
 
 
56