Notes to Consolidated Financial Statements
for the Three Years in the Period Ended June 30, 1999

2. SECURITIES

Certain securities, with both amortized cost and fair value of $3.3 million and $3.5 million at June 30, 1999 and 1998, respectively, were pledged as collateral for the Bank's treasury, tax and loan account at the Federal Reserve and for certain trust, IRA and KEOGH accounts.

The amortized cost and fair value of securities at June 30, 1999, by contractual maturity are summarized as follows: (in thousands)

Activities related to the sales of securities available for sale are summarized as follows: (in thousands)