| Fair Value Disclosures [Abstract] | Period [Axis] |
|---|
2015-07-01 - 2016-06-30 |
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Fair Value Disclosures [Abstract] | |
Fair Value Measurements of Assets Recognized on Recurring Basis |
Recurring Measurements
The following table presents the fair value measurements of assets
recognized in the accompanying consolidated balance sheets measured
at fair value on a recurring basis and the level within the fair
value hierarchy in which the fair value measurements fall at
June 30, 2016 and 2015:
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Fair Value Measurements
Using |
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Fair Value |
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Quoted Prices
in Active
Markets for
Identical
Assets
(Level 1) |
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Significant
Other
Observable
Inputs
(Level 2) |
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Significant
Unobservable
Inputs
(Level 3) |
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June 30, 2016:
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Available-for-sale securities:
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US Government and federal agency
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$ |
90,105 |
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$ |
— |
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$ |
90,105 |
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$ |
— |
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Mortgage-backed securities – GSE residential
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27,245 |
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— |
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27,245 |
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— |
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State and political subdivisions
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3,978 |
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— |
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3,978 |
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— |
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Mortgage servicing rights
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|
440 |
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— |
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— |
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|
440 |
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Fair Value Measurements
Using |
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Fair Value |
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|
Quoted Prices
in Active
Markets for
Identical
Assets
(Level 1) |
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Significant
Other
Observable
Inputs
(Level 2) |
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Significant
Unobservable
Inputs
(Level 3) |
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June 30, 2015:
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Available-for-sale securities:
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US Government and federal agency
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$ |
107,938 |
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$ |
— |
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$ |
107,938 |
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$ |
— |
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Mortgage-backed securities – GSE residential
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58,840 |
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— |
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58,840 |
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— |
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State and political subdivisions
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3,852 |
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— |
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3,852 |
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— |
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Mortgage servicing rights
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|
505 |
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— |
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— |
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|
505 |
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Reconciliation of Beginning and Ending Balances of Recurring Fair Value Measurements Recognized in Accompanying Balance Sheet |
The following is a reconciliation of the beginning and ending
balances of recurring fair value measurements recognized in the
accompanying balance sheet using significant unobservable
(Level 3) inputs:
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Mortgage
Servicing Rights |
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Balance, July 1, 2014
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$ |
506 |
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Total realized and unrealized gains and losses included in net
income
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(11 |
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Servicing rights that result from asset transfers
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75 |
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Payments received and loans refinanced
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(65 |
) |
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Balance, June 30, 2015
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505 |
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Total realized and unrealized gains and losses included in net
income
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(60 |
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Servicing rights that result from asset transfers
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58 |
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Payments received and loans refinanced
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(63 |
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Balance, June 30, 2016
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$ |
440 |
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Total gains or losses for the period included in net income
attributable to the change in unrealized gains or losses related to
assets and liabilities still held at the reporting date
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$ |
(60 |
) |
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Fair Value Measurement of Assets Recognized on Nonrecurring Basis |
The following table presents the fair value measurement of assets
measured at fair value on a nonrecurring basis and the level within
the fair value hierarchy in which the fair value measurements fall
at June 30, 2016 and 2015:
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Fair Value Measurements
Using |
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| |
|
Fair Value |
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|
Quoted Prices
in Active
Markets for
Identical
Assets
(Level 1) |
|
|
Significant
Other
Observable
Inputs
(Level 2) |
|
|
Significant
Unobservable
Inputs
(Level 3) |
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June 30, 2016:
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Impaired loans (collateral dependent)
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$ |
108 |
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$ |
— |
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$ |
— |
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$ |
108 |
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June 30, 2015:
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Impaired loans (collateral dependent)
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$ |
63 |
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$ |
— |
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$ |
— |
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$ |
63 |
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(Losses)/Recoveries Recognized on Assets Measured on Non-Recurring Basis |
The following table presents (losses)/recoveries recognized on
assets measured on a non-recurring basis for the years ended
June 30, 2016 and 2015:
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2016 |
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2015 |
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Impaired loans (collateral dependent)
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$ |
48 |
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$ |
71 |
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Foreclosed and repossessed assets held for sale
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— |
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(20 |
) |
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Total recoveries on assets measured on a non-recurring basis
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$ |
48 |
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$ |
51 |
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Quantitative Information about Unobservable Inputs Used in Recurring and Nonrecurring Level 3 Fair Value Measurements |
The following table presents quantitative information about
unobservable inputs used in recurring and nonrecurring Level 3 fair
value measurements.
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Fair Value at
June 30, 2016 |
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Valuation
Technique
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Unobservable
Inputs
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Range (Weighted
Average) |
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Mortgage servicing rights
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$ |
440 |
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Discounted cash flow |
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Discount rate
Constant prepayment rate
Probability of default
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9.5% – 10.5% (9.5%)
12.8% - 13.4% (13.3%)
0.06% - 0.32% (0.31%)
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Impaired loans (collateral dependent)
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108 |
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Market comparable properties |
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Marketability discount |
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11.8% (11.8%) |
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Fair Value at
June 30, 2015 |
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Valuation
Technique
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Unobservable
Inputs
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Range (Weighted
Average) |
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Mortgage servicing rights
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$ |
505 |
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Discounted cash flow |
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Discount rate
Constant prepayment rate
Probability of default
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9.5% – 10.5% (9.5%)
10.0% - 11.5% (10.7%)
0.15% - 0.34% (0.33%)
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Impaired loans (collateral dependent)
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63 |
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Market comparable properties |
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Marketability discount |
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0%
– 11.1% (10.1%) |
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Estimated Fair Values of Financial Instruments and Level within Fair Value Hierarchy in which Fair Value Measurements Fall |
The following table presents estimated fair values of the
Company’s financial instruments and the level within the fair
value hierarchy in which the fair value measurements fall at
June 30, 2016 and 2015.
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Carrying
Amount |
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Fair Value
Measurements
Using
Quoted Prices in
Active Markets
for Identical
Assets
(Level 1) |
|
|
Significant
Other
Observable
Inputs
(Level 2) |
|
|
Significant
Unobservable
Inputs
(Level 3) |
|
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June 30, 2016:
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Financial assets
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Cash and cash equivalents
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$ |
6,449 |
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$ |
6,449 |
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$ |
— |
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$ |
— |
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Interest-bearing time deposits in banks
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252 |
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252 |
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— |
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— |
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Loans, net of allowance for loan losses
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443,748 |
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— |
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— |
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442,366 |
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Federal Home Loan Bank stock
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5,425 |
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— |
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5,425 |
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— |
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Accrued interest receivable
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1,803 |
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— |
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1,803 |
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— |
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Financial liabilities
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Deposits
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433,708 |
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— |
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175,724 |
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258,445 |
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Repurchase agreements
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4,392 |
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— |
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4,392 |
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— |
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Federal Home Loan Bank advances
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67,000 |
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— |
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67,273 |
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— |
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Advances from borrowers for taxes and insurance
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|
932 |
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— |
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|
932 |
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— |
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Accrued interest payable
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59 |
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— |
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59 |
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— |
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Unrecognized financial instruments (net of contract amount)
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Commitments to originate loans
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— |
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— |
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— |
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— |
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Lines of credit
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— |
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— |
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— |
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— |
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Carrying
Amount |
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Fair Value
Measurements
Using
Quoted Prices in
Active Markets
for Identical
Assets
(Level 1) |
|
|
Significant
Other
Observable
Inputs
(Level 2) |
|
|
Significant
Unobservable
Inputs
(Level 3) |
|
|
June 30, 2015:
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Financial assets
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Cash and cash equivalents
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$ |
13,224 |
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$ |
13,224 |
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$ |
— |
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$ |
— |
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Interest-bearing time deposits in banks
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|
250 |
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|
250 |
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— |
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— |
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Loans, net of allowance for loan losses
|
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|
356,194 |
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— |
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— |
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|
357,945 |
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Federal Home Loan Bank stock
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|
5,425 |
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— |
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|
5,425 |
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|
— |
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Accrued interest receivable
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|
1,673 |
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|
— |
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|
1,673 |
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— |
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Financial liabilities
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Deposits
|
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|
415,544 |
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|
— |
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|
167,927 |
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|
247,884 |
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Repurchase agreements
|
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|
4,024 |
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— |
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|
4,024 |
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— |
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Federal Home Loan Bank advances
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|
58,000 |
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|
— |
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|
58,833 |
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|
— |
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Advances from borrowers for taxes and insurance
|
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|
955 |
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|
— |
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|
955 |
|
|
|
— |
|
|
Accrued interest payable
|
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|
65 |
|
|
|
— |
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|
65 |
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|
— |
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Unrecognized financial instruments (net of contract amount)
|
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Commitments to originate loans
|
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|
— |
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|
— |
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|
— |
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|
— |
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Lines of credit
|
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|
— |
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|
— |
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|
— |
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|
— |
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|