SWS (SWS) 10-Q7 May 142014 Q3 Quarterly reportFinancial data

Company Profile

Document_and_Entity_Informatio

Document and Entity Information	9 Months Ended
Document and Entity Information	Mar. 31, 2014	2-May-14
Document Documentand Entity Information [Abstract]	'	'
Document Type	'10-Q	'
Amendment Flag	'false	'
Document Period End Date	31-Mar-14	'
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q3	'
Trading Symbol	'sws	'
Entity Registrant Name	'SWS GROUP INC	'
Entity Central Index Key	'0000878520	'
Current Fiscal Year End Date	'--06-30	'
Entity Filer Category	'Accelerated Filer	'
Entity Common Stock, Shares Outstanding	'	33,068,118

Consolidated_Statements_Of_Fin

Consolidated Statements Of Financial Condition (USD $)	Mar. 31, 2014	Jun. 30, 2013
Assets	'	'
Cash and cash equivalents	$87,763,000	$111,046,000
Restricted cash and cash equivalents	'	30,047,000
Assets segregated for regulatory purposes	189,961,000	164,737,000
Receivable from brokers, dealers and clearing organizations	1,869,238,000	1,698,474,000
Receivable from clients, net of allowances	264,038,000	286,446,000
Loans, net (including $51,295 of loans measured at fair value at March 31, 2014 and $13,757 at June 30, 2013)	558,041,000	608,583,000
Securities owned, at fair value	288,969,000	209,633,000
Securities held to maturity	13,553,000	17,423,000
Securities purchased under agreements to resell	97,504,000	51,996,000
Goodwill	7,552,000	7,552,000
Securities available for sale	575,679,000	503,276,000
Other assets	97,928,000	91,160,000
Total assets	4,050,226,000	3,780,373,000
Liabilities and Stockholders' Equity	'	'
Short-term borrowings	50,000,000	131,500,000
Payable to brokers, dealers and clearing organizations	1,795,811,000	1,532,971,000
Payable to clients	359,494,000	335,655,000
Deposits	995,601,000	993,719,000
Securities sold under agreements to repurchase	69,961,000	37,012,000
Securities sold, not yet purchased, at fair value	177,460,000	134,735,000
Drafts payable	30,624,000	28,889,000
Advances from Federal Home Loan Bank (the "FHLB")	92,430,000	97,565,000
Long-term debt, net	86,537,000	83,102,000
Stock purchase warrants ("warrants")	31,033,000	24,197,000
Other liabilities	54,215,000	65,742,000
Total liabilities	3,743,166,000	3,465,087,000
Commitments and contingencies	'	'
Stockholders' equity:	'	'
Preferred stock of $1.00 par value. Authorized 100,000 shares; none issued	'	'
Common stock of $0.10 par value. Authorized 60,000,000 shares, issued 33,312,140 and outstanding 32,754,033 shares at March 31, 2014; issued 33,312,140 and outstanding 32,629,213 shares at June 30,2013	3,331,000	3,331,000
Additional paid-in capital	324,221,000	325,030,000
Accumulated deficit	-10,134,000	-3,361,000
Accumulated other comprehensive income - unrealized holding loss, net of tax of $(4,067) at December 31, 2013 and $(2,963) at June 30, 2013	-7,331,000	-5,334,000
Deferred compensation, net	3,176,000	3,352,000
Treasury stock (558,107 shares at March 31, 2013 and 682,927 shares at June 30, 2013, at cost)	-6,203,000	-7,732,000
Total stockholders' equity	307,060,000	315,286,000
Total liabilities and stockholders' equity	$4,050,226,000	$3,780,373,000

Consolidated_Statements_Of_Fin1

Consolidated Statements Of Financial Condition (Parenthetical) (USD $)	Mar. 31, 2014	Jun. 30, 2013
In Thousands, except Share data, unless otherwise specified	Mar. 31, 2014	Jun. 30, 2013
Consolidated Statements Of Financial Condition [Abstract]	'	'
Loans measured at fair value	$51,295	$13,757
Preferred stock, par value	$1	$1
Preferred stock, shares authorized	100,000	100,000
Preferred stock, shares issued	0	0
Common stock, par value	$0.10	$0.10
Common stock, shares authorized	60,000,000	60,000,000
Common stock, shares issued	33,312,140	33,312,140
Common stock, shares outstanding	32,754,033	32,629,213
Unrealized holding loss, tax	($4,067)	($2,963)
Treasury stock, shares	558,107	682,927

Consolidated_Statements_Of_Com

Consolidated Statements Of Comprehensive Loss (USD $)	3 Months Ended		9 Months Ended
In Thousands, except Share data, unless otherwise specified	Mar. 31, 2014	Mar. 29, 2013	Mar. 31, 2014	Mar. 29, 2013
Revenues:	'	'	'	'
Net revenues from clearing operations	$2,170	$2,082	$6,676	$6,398
Commissions	30,247	31,275	90,558	94,965
Interest	22,273	22,800	65,501	72,696
Investment banking, advisory and administrative fees	9,704	9,196	31,103	31,361
Net gains on principal transactions	8,203	5,511	23,843	25,163
Other	4,891	7,191	19,785	18,953
Total revenue	77,488	78,055	237,466	249,536
Interest expense	11,814	11,301	34,311	33,328
Net revenues	65,674	66,754	203,155	216,208
Non-interest expenses:	'	'	'	'
Commissions and other employee compensation	48,753	52,077	150,082	158,338
Occupancy, equipment and computer service costs	7,676	7,829	23,157	23,089
Communications	3,384	3,371	10,094	9,925
Floor brokerage and clearing organization charges	1,189	951	3,374	2,913
Advertising and promotional	459	922	1,721	2,327
Recapture of loan loss	-1,578	'	-4,869	-1,450
Other	7,217	7,320	19,507	23,780
Total non-interest expenses	67,100	72,470	203,066	218,922
Unrealized loss on warrants valuation	-6,745	-3,840	-6,836	-264
Loss before income tax (benefit) expense	-8,171	-9,556	-6,747	-2,978
Income tax (benefit) expense	586	-3,838	27	-1,985
Net loss	-8,757	-5,718	-6,774	-993
Other comprehensive loss:	'	'	'	'
Net losses recognized in other comprehensive loss net of tax of $(404) and $0 for the three months ended March 31,, 2014 and December 31, 2013, and $(503) and $0 for the nine months ended March 31, 2014 and December 31, 2013, respectively, on cash flow hedging	-751	'	-934	'
Net gains (losses) recognized in other comprehensive loss, net of tax of $1,513 and $(397) for the 3 months ended March 31, 2014 and December 31, 2013, respectively, and $(600) and $(692) for the nine months ended March 31, 2014 and December 31, 2013, respectively, on available for sale securities	2,811	-725	-1,063	-1,260
Net loss recognized in other comprehensive (loss) income	2,060	-725	-1,997	-1,260
Comprehensive loss	($6,697)	($6,443)	($8,771)	($2,253)
Loss per share - basic	'	'	'	'
Net loss	($0.27)	($0.17)	($0.21)	($0.03)
Weighted average shares outstanding - basic	33,020,499	32,896,805	32,987,933	32,857,860
Loss per share - diluted	'	'	'	'
Net loss	($0.27)	($0.17)	($0.21)	($0.03)
Weighted average shares outstanding - diluted	33,020,499	32,896,805	32,987,933	32,857,860

Consolidated_Statements_Of_Com1

Consolidated Statements Of Comprehensive Loss (Parenthetical) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 29, 2013	Mar. 31, 2014	Mar. 29, 2013
Consolidated Statements Of Comprehensive Loss [Abstract]	'	'	'	'
Net gains (losses) on cash flow hedging, tax	($404)	$0	($503)	$0
Net holding gains (losses), tax	$1,513	($397)	($600)	($692)

Consolidated_Statements_Of_Cas

Consolidated Statements Of Cash Flows (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 29, 2013
Cash flows from operating activities:	'	'
Net loss	($6,774)	($993)
Adjustments to reconcile net loss to net cash used in operating activities:	'	'
Depreciation and amortization	4,076	4,103
Accretion of discount on long-term debt	3,435	2,963
Amortization of deferred debt issuance costs	369	369
Increase in fair value of warrants	6,836	264
Amortization of premiums /discounts on loans purchased	-22	-92
Amortization of premiums /discounts on investment securities	1,856	1,436
Amortization of prepayment penalty on advances from FHLB	34	22
Provision for doubtful accounts on receivables from customers	720	720
(Recapture) provision of loan loss and write downs on real estate owned ("REO")	-4,606	24
Deferred income tax (benefit) expense	-3,547	2,626
Allowance for deferred tax asset	3,325	-256
Deferred compensation for deferred compensation plan and restricted stock plans	-1,759	-1,035
Gain on sale of loans	-558	-1,513
Loss on fixed assets transactions	196	3
Gain on sale of available for sale investment securities	-483	-3,645
(Gain) loss on sale of REO and other repossessed assets	-569	752
Gain on issuer's redemption of investment securities	'	-7
Loss (Gain) on earnings of unconsolidated ventures	803	-616
Dividend received on investments	-15	-13
Gain on fair value option of loans	-368	'
Loss on interest rate swaps	251	'
Change in operating assets and liabilities:	'	'
Decrease in restricted cash	49	'
Increase in assets segregated for regulatory purposes	-25,224	-743
Net change in broker, dealer and clearing organization accounts	92,076	-56,525
Net change in client accounts	45,527	-5,173
Increase in securities owned	-79,336	-102,101
Increase in securities purchased under agreements to resell	-45,508	-19,372
Increase (decrease) in other assets	686	6,475
Increase iin drafts payable	1,735	1,706
Increase in securities sold, not yet purchased	42,725	49,077
Decrease in other liabilities	-9,784	-3,691
Net cash (used in) provided by operating activities	26,146	-125,235
Cash flows from investing activities:	'	'
Purchase of fixed assets and capitalized improvements on REO	-3,315	-3,091
Proceeds from the sale of fixed assets and real estate	9,305	17,629
Loan originations and purchases	-1,723,683	-4,431,223
Loan repayments	1,769,190	4,603,333
Purchase of investment securities	-177,085	-161,736
Proceeds from the issuer's redemption of investment securities	'	12,000
Cash received on investments	39,501	36,289
Proceeds from the sale of loans held for investment	6,200	11,580
Proceeds from the sale of FHLB stock	213	744
Purchases of FHLB stock	-45	'
Proceeds from the sale/maturity of available for sale securities	52,916	29,611
Cash paid to unwind interest rate swap position	-458	'
Investment in unconsolidated subsidiaries	-300	-180
Net cash provided by investing activities	-27,561	114,956
Cash flows from financing activities:	'	'
Payments on short-term borrowings	-1,916,403	-1,779,350
Cash proceeds from short-term borrowings	1,864,903	1,897,850
Increase (decrease) in deposits	1,882	-16,113
Advances from the FHLB	5,540	'
Payments on advances from the FHLB	-10,709	-12,029
Fee payment for FHLB restructuring	'	-166
Cash proceeds on securities sold under agreements to repurchase	32,949	17,336
Proceeds related to deferred compensation plan	258	206
Purchase of treasury stock related to deferred compensation plan	-288	-121
Net cash (used in) provided by financing activities	-21,868	107,613
Net increase (decrease) in cash and cash equivalents	-23,283	97,334
Cash and cash equivalents at beginning of period	111,046	81,826
Cash and cash equivalents at end of period	87,763	179,160
Supplemental schedule of non-cash investing and financing activities:	'	'
Grants of restricted stock	2,071	676
Foreclosures on loans	4,652	11,076
Investments sold not settled	13,039	'
Cash paid during the year for:	'	'
Interest	29,568	38,882
Income taxes	'	'

General_And_Basis_Of_Presentat

General And Basis Of Presentation	9 Months Ended
	Mar. 31, 2014
General And Basis Of Presentation [Abstract]	'
General And Basis Of Presentation	'
	GENERAL AND BASIS OF PRESENTATION
	The interim consolidated financial statements as of March 31, 2014, and for the three and nine-months ended March 31, 2014 and March 29, 2013, are unaudited; however, in the opinion of management, these interim statements include all adjustments, consisting only of normal recurring adjustments, necessary for a fair presentation of the financial position, results of operations and cash flows. These financial statements should be read in conjunction with the audited consolidated financial statements and related notes as of and for the fiscal year ended June 30, 2013 filed on September 6, 2013 on the Annual Report on Form 10-K (the “Fiscal 2013 Form 10-K”). Amounts as of June 30, 2013 are derived from the audited consolidated financial statements filed on the Fiscal 2013 Form 10-K. All significant inter-company balances and transactions have been eliminated upon consolidation.

	The consolidated financial statements include the accounts of SWS Group, Inc. (“SWS Group”) and the consolidated active subsidiaries listed below (collectively with SWS Group, “SWS” or the “Company”). Each of the subsidiaries listed below are 100% owned.


	Southwest Securities, Inc.	"Southwest Securities"
	SWS Financial Services, Inc.	"SWS Financial"
	Southwest Financial Insurance Agency, Inc.
	Southwest Insurance Agency, Inc.	collectively, “SWS Insurance”
	SWS Banc Holding, Inc.	"SWS Banc"
	Southwest Securities, FSB	"Bank"

	Southwest Securities is a New York Stock Exchange ("NYSE") member broker/dealer. Southwest Securities and SWS Financial are members of the Financial Industry Regulatory Authority (“FINRA”). Southwest Securities and SWS Financial are also registered with the Securities and Exchange Commission (the "SEC") as broker/dealers under the Securities Exchange Act of 1934, as amended ("Exchange Act"), and as registered investment advisers under the Investment Advisers Act of 1940, as amended.

	SWS Insurance holds insurance agency licenses in 44 states for the purpose of facilitating the sale of insurance and annuities for Southwest Securities and its correspondents. The Company retains no underwriting risk related to the insurance and annuity products that SWS Insurance sells.

	The Bank is a federally chartered savings bank regulated by the Office of the Comptroller of the Currency ("OCC"). The Board of Governors of the Federal Reserve System (“FRB”) supervises and regulates SWS Group and SWS Banc. SWS Banc is a wholly-owned subsidiary of SWS Group and became the sole shareholder of the Bank in 2004.

	Reclassifications. “Investment banking, advisory and administrative fees” on the Consolidated Statements of Comprehensive Loss of $726,000 and $2,350,000 for the three and nine-months ended March 29, 2013 were reclassified to conform to the fiscal 2014 presentation. In previous periods the amounts were presented in “Net gains on principal transactions” on the Consolidated Statements of Comprehensive Loss.

	Change in Fiscal Year End and Consolidated Financial Statements. On May 23, 2013, the Board of Directors of the Company, acting on the recommendation of the Federal Reserve Bank of Dallas, approved a change to the Company’s fiscal year end from the last Friday of June to June 30th. This change was effective for the Company’s fiscal year ended June 30, 2013. Because the transition period was less than one month, no transition report was filed with the SEC.

	Prior to June 30, 2013, the quarterly consolidated financial statements of SWS were prepared as of the last Friday of the month, except for the second fiscal quarter which was prepared as of December 31, 2012, and the Bank’s financial statements were prepared on the last day of the quarter. Any individually material transactions were reviewed and recorded in the appropriate quarterly period.

	Merger Agreement. On March 31, 2014, the Company entered into an Agreement and Plan of Merger (“Merger Agreement”) with Hilltop Holdings, Inc. (“Hilltop”) and a wholly-owned subsidiary of Hilltop, whereby if the merger contemplated therein is completed, the Company will become a wholly-owned subsidiary of Hilltop. If the merger is completed, each share of SWS Group common stock will be converted into the right to receive $1.94 of cash and 0.2496 of a share of Hilltop common stock. It is currently anticipated that the completion of the merger will occur by the end of 2014 subject to the receipt of SWS Group stockholder approval, regulatory approvals and other customary closing conditions.
	During the three-months ended March 31, 2014, the Company incurred expenses of approximately $2,356,000 in legal and professional fees recorded in other expenses on the Consolidated Statements of Comprehensive Loss in connection with the proposed merger with Hilltop. Additional costs are expected to be incurred until the merger is completed.

	Regulatory. The final provisions of the Volcker Rule of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the “Dodd-Frank Act”) were issued December 10, 2013, with an effective date of April 1, 2014 and a compliance date of July 21, 2015. The Volcker Rule provisions of the Dodd-Frank Act require the federal financial regulatory agencies to adopt rules that prohibit banks, bank holding companies, and their affiliates from engaging in proprietary trading and investing in and sponsoring certain unregistered investment companies (including hedge funds and private equity funds), subject to certain exceptions. The Company’s securities trading and investment activities at the holding company, the broker/dealer and the Bank are subject to these final provisions. The final rules are highly complex, and many aspects of their application remain uncertain.

	Based on management’s interpretation of the final provisions of the rule, the Bank’s equity method investments would be excluded from the definition of a “covered” fund as these investments would meet the definition of “public welfare investment” funds, “designed primarily to promote the public welfare.” Currently, the Bank invests in these funds as a cost effective way of meeting its obligations under the Community Reinvestment Act of 1977 (“CRA”). One of these investments also meets the definition of a small business investment company. SWS Group’s equity method investment in a venture capital fund would also be excluded from the definition of a “covered” fund as this investment meets the definition of a small business investment company. In addition, at March 31, 2014, the Bank’s investment portfolio does not contain other securities subject to the Volcker Rule such as collateralized loan obligations (CLO’s) or non-agency collateralized mortgage obligations (CMO’s). The Bank’s held to maturity and available for sale investments are all exempt from the Volcker Rule as these securities are investments in U.S. government, agency and municipal obligations, which are permitted under the provisions of the Volcker Rule.

	According to the Volcker Rule, proprietary trading involves a short-term intent, usually 60 days or less. Banking entities are prohibited from engaging in proprietary trading including the purchase or sale of any security, derivative, commodity future or option for the purpose of short-term gain unless certain exemptions apply. Exempted activities include the following: 1) underwriting; 2) market making; 3) risk mitigating hedging; 4) trading in certain government securities; 5) employee compensation plans and 6) transactions entered into on behalf of clients. Management has reviewed the processes and procedures in regard to proprietary trading and believes that the Company is currently in compliance with the provisions of the Volcker Rule regarding proprietary trading.

	Update of Significant Accounting Policies. A summary of the Company’s significant accounting policies is included in “Note 1. Significant Accounting Policies” in the Notes to the Consolidated Financial Statements in the Company’s Fiscal 2013 Form 10-K. Except as discussed herein, there have been no significant accounting changes since June 30, 2013.

	Accounting Pronouncements. The Financial Accounting Standards Board (“FASB”) and the SEC recently issued the following accounting pronouncements, which are applicable to SWS. Any other new accounting pronouncements that are not specifically identified in SWS’s disclosures are not applicable to SWS:

	Accounting Standards Update (“ASU”) 2013-11, “Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists (“ASU 2013-11”).” In July 2013, the FASB issued ASU 2013-11 which explicitly states the guidance for the presentation of unrecognized tax benefits when a net operating loss carryforward, similar tax loss, or a tax credit carryforward exits. This pronouncement clarifies the presentation of the unrecognized tax benefit as there is not currently a standard industry practice. This pronouncement states an unrecognized tax benefit, or portion of an unrecognized tax benefit, should be presented in the financial statements as a reduction to the deferred tax asset for a net operating loss carryforward, a similar loss, or a tax credit carryforward. The presentation is limited if the net operating loss carryforward, a similar tax loss, or a tax credit carryforward is not available at the reporting date due to tax law or the entity does not recognize its deferred tax asset. In addition, the unrecognized tax benefit should be presented as a liability separate from the deferred tax asset. The adoption of ASU 2013-11 will not impact the Company’s results of operations or financial position, but will impact the Company’s disclosures about the presentation of the deferred tax liability and asset. ASU 2013-11 is effective for annual reporting periods beginning after December 15, 2013; the Company’s first quarter of fiscal 2015. The Company is in the process of evaluating the impact of ASU 2013-11 on its financial statements and processes.

	ASU 2014-4, “Receivables—Troubled Debt Restructuring by Creditors (“ASU 2014-04”).” In January 2014, the FASB issued ASU 2014-04 to clarify that when an in substance repossession or foreclosure occurs, a creditor is considered to have received physical possession of residential real estate property collateralizing a consumer mortgage loan, upon either (1) the creditor obtaining legal title to the residential real estate property upon completion of a foreclosure or (2) the borrower conveying all interest in the residential real estate property to the creditor to satisfy that loan through completion of a deed in lieu of foreclosure or through a similar legal agreement. Additionally, the amendments require interim and annual disclosure of both (1) the amount of foreclosed residential real estate property held by the creditor and (2) the recorded investment in consumer mortgage loans collateralized by residential real estate property that are in the process of foreclosure according to local requirements of the applicable jurisdiction. ASU 2014-04 is effective for annual reporting periods beginning after December 15, 2014; the Company’s first quarter of fiscal 2016. The Company is in the process of evaluating the impact of ASU 2014-04 on its financial statements and processes.

Cash_And_Cash_Equivalents

Cash And Cash Equivalents	9 Months Ended
Cash And Cash Equivalents	Mar. 31, 2014
Cash And Cash Equivalents [Abstract]	'
Cash And Cash Equivalents	'
	CASH AND CASH EQUIVALENTS
	For the purposes of the Consolidated Statements of Cash Flows, SWS considers cash to include cash on hand and in bank accounts. In addition, SWS considers funds due from banks and interest bearing deposits in other banks to be cash. Highly liquid debt instruments purchased with maturities of three months or less, when acquired, are considered to be cash equivalents. The Federal Deposit Insurance Corporation (“FDIC”) insures deposit accounts up to $250,000. At March 31, 2014 and June 30, 2013, cash balances included $70,226,000 and $37,833,000, respectively, that were not federally insured because they exceeded federal insurance limits. This at-risk amount is subject to fluctuation on a daily basis, but management does not believe there is significant risk on these deposits.

	The Bank is required to maintain reserve balances on hand or with the Federal Reserve Bank of Dallas. At March 31, 2014 and June 30, 2013, these reserve balances amounted to $1,510,000 and $1,649,000, respectively.

Restricted_Cash_And_Cash_Equiv

Restricted Cash And Cash Equivalents	9 Months Ended
Restricted Cash And Cash Equivalents	Mar. 31, 2014
Restricted Cash And Cash Equivalents [Abstract]	'
Restricted Cash And Cash Equivalents	'
	RESTRICTED CASH AND CASH EQUIVALENTS
	Restricted cash and cash equivalents represents funds received from Hilltop and Oak Hill Capital Partners III, L.P. (“OHCP”) and Oak Hill Capital Management Partners III, L.P. (collectively with OHCP, “Oak Hill”) upon completion of the $100,000,000, five year, unsecured credit agreement from Hilltop and Oak Hill (the “Credit Agreement”) that was entered into on July 29, 2011. The Company is required to keep these funds in a restricted account until the Company’s Board of Directors, Hilltop and Oak Hill determine the amount(s) to be distributed to the Company’s subsidiaries. See additional discussion in, “Debt Issued with Stock Purchase Warrants”. Upon approval of the Board of Directors, Hilltop and Oak Hill, SWS Group contributed $20,000,000 of this cash in the second quarter of fiscal 2012 to the Bank as capital, loaned Southwest Securities $20,000,000 in the third quarter of fiscal 2012 to use in general operations by reducing Southwest Securities’ use of short-term borrowings for the financing of its day-to-day cash management needs, reduced its intercompany payable to Southwest Securities by $20,000,000 and contributed $10,000,000 in capital to Southwest Securities in the fourth quarter of fiscal 2012. On March 28, 2013, the $20,000,000 loan from SWS Group to Southwest Securities was repaid and the Company’s Board of Directors, Hilltop and Oak Hill approved a $20,000,000 capital contribution to Southwest Securities. The remaining $30,000,000 was loaned to Southwest Securities to use in general operations by reducing Southwest Securities’ use of short-term borrowings for the financing of its day-to-day cash management needs in the third quarter of fiscal 2014. Restricted cash and cash equivalents are excluded from cash and cash equivalents in the Consolidated Statements of Financial Condition and Consolidated Statements of Cash Flows. The Company held restricted cash and cash equivalents in money market funds.

Assets_Segregated_For_Regulato

Assets Segregated For Regulatory Purposes	9 Months Ended
Assets Segregated For Regulatory Purposes	Mar. 31, 2014
Assets Segregated For Regulatory Purposes [Abstract]	'
Assets Segregated For Regulatory Purposes	'
	ASSETS SEGREGATED FOR REGULATORY PURPOSES
	At March 31, 2014, SWS held cash of approximately $189,961,000 segregated in special reserve bank accounts for the exclusive benefit of customers under Rule 15c3-3 of the Exchange Act. SWS had no reserve deposits in special reserve bank accounts for the Proprietary Accounts of Introducing Brokers (the "PAIB") at March 31, 2014.

	At June 30, 2013, SWS held cash of approximately $164,737,000 segregated in special reserve bank accounts for the exclusive benefit of customers under Rule 15c3-3 of the Exchange Act. SWS had no reserve deposits in special reserve bank accounts for the PAIB at June 30, 2013.

Receivable_From_And_Payable_To

Receivable From And Payable To Brokers, Dealers And Clearing Organizations	9 Months Ended
	Mar. 31, 2014
Receivable From And Payable To Brokers, Dealers And Clearing Organizations [Abstract]	'
Receivable From And Payable To Brokers, Dealers And Clearing Organizations	'
	RECEIVABLE FROM AND PAYABLE TO BROKERS, DEALERS AND CLEARING ORGANIZATIONS
	At March 31, 2014 and June 30, 2013, SWS had receivable from and payable to brokers, dealers and clearing organizations related to the following (in thousands):



		31-Mar-14	30-Jun-13
	Receivable:
	Securities failed to deliver	$ 22,508	$ 9,708
	Securities borrowed	1,779,143	1,546,376
	Correspondent broker/dealers	22,076	45,435
	Clearing organizations	38,772	25,285
	Other	6,739	71,670
		$ 1,869,238	$ 1,698,474

	Payable:
	Securities failed to receive	$ 28,213	$ 39,024
	Securities loaned	1,711,638	1,471,319
	Correspondent broker/dealers	13,662	16,352
	Other	42,298	6,276
		$ 1,795,811	$ 1,532,971



	SWS participates in the securities borrowing and lending business by borrowing and lending securities other than those of its clients. SWS obtains or releases collateral as prices of the underlying securities fluctuate. Both of these activities are reported on a gross basis by counterparty. The following table provides information about these receivables and related collateral amounts at March 31, 2014 and June 30, 2013.





	31-Mar-14
	(in thousands)				Gross amounts not offset in the statement of financial position
	Description	Gross amounts	Gross amounts	Net amounts of	Financial instruments	Cash collateral	Net amount
		of recognized	offset in the	assets presented in the statement of
		assets/	statement of	financial position
		liabilities	financial position
	Securities Borrowed	$ 1,779,143	$ -	$ 1,779,143	$ (1,778,243)	$ -	$ 900
	Securities Loaned (1)	1,711,638	-	1,711,638	-1,711,638	-	-




	30-Jun-13
	(in thousands)				Gross amounts not offset in the statement of financial position
	Description	Gross amounts	Gross amounts	Net amounts of	Financial instruments	Cash collateral	Net amount
		of recognized	offset in the	assets presented in the statement of
		assets/	statement of	financial position
		liabilities	financial position
	Securities Borrowed	$ 1,546,376	$ -	$ 1,546,376	$ (1,546,376)	$ -	$ -
	Securities Loaned (1)	1,471,319	-	1,471,319	-1,471,319	-	-

	____________________
	(1) Under securities lending agreements, SWS had repledged $1,679,444,000 and $1,452,911,000 at March 31, 2014 and June 30, 2013, respectively.

Loans_And_Allowance_For_Probab

Loans And Allowance For Probable Loan Losses	9 Months Ended
Loans And Allowance For Probable Loan Losses	Mar. 31, 2014
Loans And Allowance For Probable Loan Losses [Abstract]	'
Loans And Allowance For Probable Loan Losses	'
	LOANS AND ALLOWANCE FOR PROBABLE LOAN LOSSES
	The Bank grants loans to customers primarily within Texas and New Mexico. Although the Bank has a diversified loan portfolio, a substantial portion of its portfolio is dependent upon the general economic conditions in Texas and New Mexico.

	Loans receivable at March 31, 2014 and June 30, 2013 are summarized as follows and include unamortized discounts and premiums and deferred loan fees and costs of $579,000 and $997,000 at March 31, 2014 and June 30, 2013, respectively (in thousands):



		31-Mar-14		30-Jun-13
	Loans measured at fair value:
	Commercial real estate	$ 9,897		$ 2,662
	Multifamily	41,398		11,095
		51,295		13,757
	Other loans receivable:
	Residential construction	785		1,367
	Lot and land development	5,955		8,988
	1-4 family	164,979		233,947
	Commercial real estate	178,444		213,452
	Multifamily	92,300		88,738
	Commercial loans	69,709		58,718
	Consumer loans	2,666		1,959
		514,838		607,169
		566,133		620,926
	Allowance for probable loan losses	-8,092		-12,343
		$ 558,041		$ 608,583
	At March 31, 2014 and June 30, 2013, the 1-4 family loans included $72,546,000 and $174,037,000, respectively, of purchased mortgage loans held for investment. The loans, which are subject to policies and procedures governing credit underwriting standards and funding requirements, consisted of participations in newly originated residential loans from various mortgage bankers nationwide purchased at par.

	The Bank’s liquidity has increased due to lower mortgage purchase program volumes. Because the volumes have not been replaced with current loan originations, the Bank made two loan purchases in the quarter ended March 31, 2014. The loans purchased were all single family residence mortgages and totaled approximately $40,000,000.


	The analysis of the allowance for loan losses for the three and nine-months ended March 31, 2014 and 2013 and the recorded investment in loans receivable at March 31, 2014 and 2013 were as follows (in thousands):



		Three-Months Ended
		31-Mar-14
		Residential Construction	Lot and	1-4 Family	Commercial Real Estate	Multifamily	Commercial	Consumer	Total
		Residential Construction	Land Development	1-4 Family	Commercial Real Estate	Multifamily	Commercial	Consumer	Total

	Allowance for credit losses:
	Balance at beginning of period	$ 6	$ 124	$ 1,319	$ 3,069	$ 2,893	$ 2,018	$ 19	$ 9,448
	Charge-offs	-	-	-189	-	-	-	-	-189
	Recoveries	14	102	26	266	-	3	-	411
	Net recoveries (charge-offs)	14	102	-163	266	-	3	-	222
	(Recapture) provision charged
	to operations	-19	-178	715	-1,453	-409	-229	-5	-1,578
	Balance at end of period	$ 1	$ 48	$ 1,871	$ 1,882	$ 2,484	$ 1,792	$ 14	$ 8,092
	Ending balance: individually
	evaluated for impairment	$ -	$ -	$ 177	$ 129	$ -	$ 149	$ -	$ 455
	Ending balance: collectively
	evaluated for impairment	$ 1	$ 48	$ 1,694	$ 1,753	$ 2,484	$ 1,643	$ 14	$ 7,637

	Financing receivables:
	Balance at end of period	$ 785	$ 5,955	$ 164,979	$ 178,444	$ 92,300	$ 69,709	$ 2,666	$ 514,838
	Ending balance: individually
	evaluated for impairment	$ 564	$ 930	$ 6,552	$ 7,687	$ -	$ 4,347	$ -	$ 20,080
	Ending balance: collectively
	evaluated for impairment	$ 221	$ 5,025	$ 158,427	$ 170,757	$ 92,300	$ 65,362	$ 2,666	$ 494,758






	Three-Months Ended
	31-Mar-13
	Residential Construction	Lot and	1-4 Family	Commercial Real Estate	Multifamily	Commercial	Consumer	Total
	Residential Construction	Land Development	1-4 Family	Commercial Real Estate	Multifamily	Commercial	Consumer	Total

Allowance for credit losses:
Balance at beginning of period	$ 135	$ 674	$ 2,759	$ 7,768	$ 1,831	$ 5,464	$ 6	$ 18,637
Charge-offs	-	-	-	-	-	-51	-	-51
Recoveries	8	5	19	109	-	34	5	180
Net recoveries (charge-offs)	8	5	19	109	-	-17	5	129
(Recapture) provision charged to
operations	-24	-157	-1,090	-2,607	5,445	-1,563	-4	-
Balance at end of period	$ 119	$ 522	$ 1,688	$ 5,270	$ 7,276	$ 3,884	$ 7	$ 18,766
Ending balance: individually
evaluated for impairment	$ 23	$ 254	$ 383	$ 1,159	$ -	$ 2,090	$ -	$ 3,909
Ending balance: collectively
evaluated for impairment	$ 96	$ 268	$ 1,305	$ 4,111	$ 7,276	$ 1,794	$ 7	$ 14,857

Financing receivables:
Balance at end of period	$ 2,167	$ 10,221	$ 265,631	$ 242,721	$ 75,468	$ 62,887	$ 1,602	$ 660,697
Ending balance: individually
evaluated for impairment	$ 619	$ 2,761	$ 10,611	$ 14,049	$ -	$ 4,619	$ -	$ 32,659
Ending balance: collectively
evaluated for impairment	$ 1,548	$ 7,460	$ 255,020	$ 228,672	$ 75,468	$ 58,268	$ 1,602	$ 628,038





	Nine-Months Ended
	31-Mar-14
	Residential Construction	Lot and	1-4 Family	Commercial Real Estate	Multifamily	Commercial	Consumer	Total
	Residential Construction	Land Development	1-4 Family	Commercial Real Estate	Multifamily	Commercial	Consumer	Total

Allowance for credit losses:
Balance at beginning of period	$ 49	$ 374	$ 1,528	$ 3,290	$ 3,567	$ 3,530	$ 5	$ 12,343
Charge-offs	-	-4	-286	-51	-	-67	-	-408
Recoveries	77	112	87	705	-	45	-	1,026
Net recoveries (charge-offs)	77	108	-199	654	-	-22	-	618
(Recapture) provision charged
to operations	-125	-434	542	-2,062	-1,083	-1,716	9	-4,869
Balance at end of period	$ 1	$ 48	$ 1,871	$ 1,882	$ 2,484	$ 1,792	$ 14	$ 8,092




	Nine-Months Ended
	31-Mar-13
	Residential Construction	Lot and	1-4 Family	Commercial Real Estate	Multifamily	Commercial	Consumer	Total
	Residential Construction	Land Development	1-4 Family	Commercial Real Estate	Multifamily	Commercial	Consumer	Total

Allowance for credit losses:
Balance at beginning of period	$ 350	$ 1,310	$ 3,235	$ 10,628	$ 2,866	$ 4,004	$ 9	$ 22,402
Charge-offs	-	-182	-163	-1,113	-	-1,659	-	-3,117
Recoveries	44	192	88	192	-	405	10	931
Net recoveries (charge-offs)	44	10	-75	-921	-	-1,254	10	-2,186
(Recapture) provision charged to
operations	-275	-798	-1,472	-4,437	4,410	1,134	-12	-1,450
Balance at end of period	$ 119	$ 522	$ 1,688	$ 5,270	$ 7,276	$ 3,884	$ 7	$ 18,766


As of March 31, 2014 and 2013, the ratio of loan loss allowance to ending loan balance, excluding purchased mortgage loans held for investment and loans measured at fair value, was 1.83% and 4.07%, respectively. There was no loan loss allowance for purchased mortgage loans held for investment because they are held on average for 25 days or less, which substantially reduces credit risk.

Loans receivable on non-accrual status as of March 31, 2014 and June 30, 2013 were as follows (in thousands):



	31-Mar-14		30-Jun-13
Residential construction	$ 560		$ 601
Lot and land development	927		2,418
1-4 family	5,724		7,792
Commercial real estate	3,303		7,611
Commercial loans	3,874		4,024
	$ 14,388		$ 22,446

Loans are classified as non-performing when they are 90 days or more past due as to principal or interest or when reasonable doubt exists as to timely collectibility. The Bank uses a standardized review process to determine which loans should be placed on non-accrual status. At the time a loan is placed on non-accrual status, previously accrued and uncollected interest is reversed against interest income. Interest income on non-accrual loans is subsequently recognized to the extent cash payments are received for loans where full collection is likely. For loans where full collection is not likely, interest payments are applied to the outstanding principal and interest income is only recognized if full payment is made. The average recorded investment in non-accrual loans for the nine-months ended March 31, 2014 and the twelve-months ended June 30, 2013 was approximately $17,211,000 and $25,516,000, respectively. There was $2,000 and $31,000 of interest income recorded on the non-accrual loans, prior to being placed on non-accrual status, in the three and nine-months ended March 31, 2014 and approximately $7,000 and $39,000 of interest income for the three and nine-months ended March 31, 2013.

The following tables highlight the Bank’s recorded investment and unpaid principal balance for impaired loans by type as well as the related allowance, average recorded investment and interest income recognized as of March 31, 2014 and June 30, 2013 (in thousands):




	Recorded Investment(1)		Unpaid Principal Balance(1)		Related Allowance		Average Recorded Investment(2)		Interest Income Recognized(3)
31-Mar-14
With no related allowance recorded:
Residential construction	$ 564		$ 742		$ -		$ 460		$ -
Lot and land development	930		1,200		-		139		-
1-4 family	5,197		6,975		-		5,509		6
Commercial real estate	5,017		5,136		-		6,244		182
Commercial loans	3,933		3,984		-		4,141		8
	15,641		18,037		-		16,493		196







	Recorded Investment(1)		Unpaid Principal Balance(1)		Related Allowance		Average Recorded Investment(2)		Interest Income Recognized(3)
31-Mar-14
With an allowance recorded:
Residential construction	$ -		$ -		$ -		$ 119		$ -
Lot and land development	-		-		-		1,247		-
1-4 family	1,355		1,429		177		2,330		28
Commercial real estate	2,670		3,757		129		2,052		-
Commercial loans	414		488		149		2,191		16
	4,439		5,674		455		7,939		44




31-Mar-14
Total
Residential construction	$ 564		$ 742		$ -		$ 579		$ -
Lot and land development	930		1,200		-		1,386		-
1-4 family	6,552		8,404		177		7,839		34
Commercial real estate	7,687		8,893		129		8,296		182
Commercial loans	4,347		4,472		149		6,332		24
	$ 20,080		$ 23,711		$ 455		$ 24,432		$ 240






30-Jun-13
With no related allowance recorded:
Residential construction	$ 383		$ 471		$ -		$ 438		$ -
Lot and land development	102		324		-		807		-
1-4 family	5,818		7,712		-		7,674		17
Commercial real estate	9,006		12,239		-		7,785		167
Commercial loans	4,430		5,092		-		1,582		26
	19,739		25,838		-		18,286		210






	Recorded Investment(1)		Unpaid Principal Balance(1)		Related Allowance		Average Recorded Investment(2)		Interest Income Recognized(3)
30-Jun-13
With an allowance recorded:
Residential construction	$ 222		$ 283		$ 23		$ 191		$ -
Lot and land development	2,326		2,543		233		1,879		-
1-4 family	3,543		3,870		178		6,398		67
Commercial real estate	3,265		4,188		105		10,048		15
Commercial loans	3,037		3,032		2,090		2,288		129
	12,393		13,916		2,629		20,804		211




30-Jun-13
Total
Residential construction	$ 605		$ 754		$ 23		$ 629		$ -
Lot and land development	2,428		2,867		233		2,686		-
1-4 family	9,361		11,582		178		14,072		84
Commercial real estate	12,271		16,427		105		17,833		182
Commercial loans	7,467		8,124		2,090		3,870		155
	$ 32,132		$ 39,754		$ 2,629		$ 39,090		$ 421


____________________
	-1		The difference between the unpaid principal balance and the recorded investment of impaired loans with no related allowance recorded is primarily comprised of partial charge-offs that were previously recognized.
	-2		Represents the average recorded investment for the nine-months ended March 31, 2014 and the twelve-months ended June 30, 2013, respectively.
	-3		Represents interest income recognized on impaired loans for the nine-months ended March 31, 2014 and the twelve-months ended June 30, 2013, respectively.




The Bank prepares a criticized and classified loan report that it uses to assist in calculating an adequate allowance for loan losses. The following tables summarize this report and highlight the overall quality of the Bank’s financing receivables as of March 31, 2014 and June 30, 2013 (in thousands):



	Pass		Special Mention(1)		Substandard(2)		Total

31-Mar-14
Loans measured at fair value:
Commercial real estate	$ 9,897		$ -		$ -		$ 9,897
Multifamily	41,398		-		-		41,398
	51,295		-		-		51,295
Other loans receivable:
Residential construction	225		-		560		785
Lot and land development	4,711		-		1,244		5,955
1-4 family	158,990		-		5,989		164,979
Commercial real estate	150,756		4,540		23,148		178,444
Multifamily	92,300		-		-		92,300
Commercial loans	62,826		2,782		4,101		69,709
Consumer loans	2,666		-		-		2,666
	472,474		7,322		35,042		514,838
	$ 523,769		$ 7,322		$ 35,042		$ 566,133



	Pass		Special Mention(1)		Substandard(2)		Total

30-Jun-13
Loans measured at fair value:
Commercial real estate	$ 2,662		$ -		$ -		$ 2,662
Multifamily	11,095		-		-		11,095
	13,757		-		-		13,757
Other loans receivable:
Residential construction	766		-		601		1,367
Lot and land development	5,605		-		3,383		8,988
1-4 family	225,434		234		8,279		233,947
Commercial real estate	171,085		7,631		34,736		213,452
Multifamily	88,046		-		692		88,738
Commercial loans	47,680		1,324		9,714		58,718
Consumer loans	1,959		-		-		1,959
	540,575		9,189		57,405		607,169
	$ 554,332		$ 9,189		$ 57,405		$ 620,926

____________________
	-1		These loans are currently protected by the current sound worth and paying capacity of the obligor, but have a potential weakness that would create a higher credit risk.
	-2		These loans exhibit well-defined weaknesses that could jeopardize the ultimate collection of all or part of the debt. Substandard loans are inadequately protected by the current sound worth and paying capacity of the obligor or of the collateral pledged. They are characterized by the distinct possibility that the Bank will sustain some loss if the deficiencies are not corrected. Loss potential, while existing in the aggregate for substandard assets, does not have to exist in individual assets classified as “Substandard.”
The following tables highlight the age of the Bank’s past due financing receivables as of March 31, 2014 and June 30, 2013 (in thousands):


	30-59 Days Past Due		60-89 Days Past Due		90 Days and Greater Past Due		Total Past Due		Current		Total Financing Receivables		Recorded Investment > 90 Days and Accruing
31-Mar-14
Loans measured at fair value:
Commercial real estate	$ -		$ -		$ -		$ -		$ 9,897		$ 9,897		$ -
Multifamily	-		-		-		-		41,398		41,398		-
	-		-		-		-		51,295		51,295		-
Other loans receivable:
Residential construction	-		-		-		-		785		785		-
Lot and land development	16		112		14		142		5,813		5,955		-
1-4 family	2,308		-		816		3,124		161,855		164,979		-
Commercial real estate	5,005		907		523		6,435		172,009		178,444		-
Multifamily	-		-		-		-		92,300		92,300		-
Commercial loans	394		-		3,676		4,070		65,639		69,709		-
Consumer loans	3		-		-		3		2,663		2,666		-
	7,726		1,019		5,029		13,774		501,064		514,838		-
	$ 7,726		$ 1,019		$ 5,029		$ 13,774		$ 552,359		$ 566,133		$ -



	30-59 Days Past Due		60-89 Days Past Due		90 Days and Greater Past Due		Total Past Due		Current		Total Financing Receivables		Recorded Investment > 90 Days and Accruing
30-Jun-13
Loans measured at fair value:
Commercial real estate	$ -		$ -		$ -		$ -		$ 2,662		$ 2,662		$ -
Multifamily	-		-		-		-		11,095		11,095		-
	-		-		-		-		13,757		13,757		-
Other loans receivable:
Residential construction	-		-		-		-		1,367		1,367		-
Lot and land development	173		370		80		623		8,365		8,988		-
1-4 family	914		234		2,816		3,964		229,983		233,947		-
Commercial real estate	1,396		1,153		4,826		7,375		206,077		213,452		-
Multifamily	692		-		-		692		88,046		88,738		-
Commercial loans	750		3,812		135		4,697		54,021		58,718		-
Consumer loans	-		-		-		-		1,959		1,959		-
	3,925		5,569		7,857		17,351		589,818		607,169		-
	$ 3,925		$ 5,569		$ 7,857		$ 17,351		$ 603,575		$ 620,926		$ -

In certain circumstances, the Bank modifies the terms of its loans to a troubled borrower. Modifications may include extending the maturity date, reducing the stated interest rate, rescheduling future cash flows or some combination thereof. The Bank accounts for the modification as a troubled debt restructuring (“TDR”).

Loans that have been modified in a TDR continue to be considered restructured until paid in full. These loans, including loans restructured in the prior 12 months that defaulted during the period, are individually evaluated for impairment taking into consideration payment status, collateral value, and the probability of collecting scheduled principal and interest payments when due. A specific allowance for an impaired loan that has been modified in a TDR is established when the loan’s fair value is lower than its recorded investment. In addition, the historical loss rates of loans modified in TDRs, by portfolio segment, are factored into the formula utilized to determine the general allowance for probable loan losses.


The table below presents the recorded investment in loans modified in TDRs as of March 31, 2014 and June 30, 2013 (in thousands):


		31-Mar-14		30-Jun-13
Residential construction		$ 564		$ 605
Lot and land development		916		4,927
1-4 family		5,533		7,690
Commercial real estate		7,104		4,574
Commercial		708		497
		$ 14,825		$ 18,293


The allowance for loan losses associated with loans modified in TDRs as of March 31, 2014 and June 30, 2013, was $445,000 and $447,000, respectively. The recorded investment includes $5,826,000 and $6,685,000 of loans on accrual status as of March 31, 2014 and June 30, 2013, respectively. Loans modified in TDRs are placed on accrual status when a reasonable period of payment performance by the borrower demonstrates the ability and capacity to meet the restructured terms.

The following table summarizes the financial effects of loan modifications accounted for as TDRs that occurred during the three and nine-months ended March 31, 2014 and 2013 (dollars in thousands):




		Three-Months Ended						Nine-Months Ended
		31-Mar-14						31-Mar-14
		Number of Contracts		Pre-Modification Outstanding Recorded Investment		Post-Modification Outstanding Recorded Investment(1)		Number of Contracts		Pre-Modification Outstanding Recorded Investment		Post-Modification Outstanding Recorded Investment(1)
1-4 family		3		$ 212		$ 212		3		$ 212		$ 212
Commercial real estate		3		3,991		3,991		3		3,991		3,991
Commercial		-		-		-		1		168		168
		6		$ 4,203		$ 4,203		7		$ 4,371		$ 4,371



		Three-Months Ended						Nine-Months End
		31-Mar-13						31-Mar-13
		Number of Contracts		Pre-Modification Outstanding Recorded Investment		Post-Modification Outstanding Recorded Investment(1)		Number of Contracts		Pre-Modification Outstanding Recorded Investment		Post-Modification Outstanding Recorded Investment(1)
Residential construction		-		$ -		$ -		4		$ 648		$ 648
Lot and land development		2		514		514		9		3,742		3,742
1-4 family		3		361		361		8		1,669		1,656
Commercial real estate		1		278		278		3		374		374
Commercial		-		-		-		1		213		213
		6		$ 1,153		$ 1,153		25		$ 6,646		$ 6,633
____________
(1) Post-modification balances include direct charge-offs recorded at the time of modification.




The table below summarizes the type of loan modifications made and the post modification outstanding recorded investment for TDRs during the three and nine-months ended March 31, 2014 and 2013 (in thousands):



		Amount of TDR Loan Modifications
Type of Modification		Three-Months Ended		Nine-Months Ended
Type of Modification		31-Mar-14		31-Mar-14
Maturity date extension		$ 103		$ 103
Rescheduled future cash flows		3,991		4,159
Combination of maturity date extension
and reduction of the stated interest rate		109		109
		$ 4,203		$ 4,371



		Amount of TDR Loan Modifications
Type of Modification		Three-Months Ended		Nine-Months Ended
Type of Modification		31-Mar-13		31-Mar-13
Maturity date extension		$ 249		$ 363
Reduction of the stated interest rate		-		60
Rescheduled future cash flows		278		983
Combination of maturity date extension
and rescheduling of future cash flows		350		2,996
Combination of maturity date extension
and reduction of the stated interest rate		-		26
Combination of maturity date extension,
reduction of the stated interest rate,
and rescheduling of future cash flows		84		2,013
Combination of reduction of the stated interest rate
and rescheduling of future cash flows		192		192
		$ 1,153		$ 6,633

Loan modifications accounted for as TDRs within the previous 12 months that subsequently defaulted (a payment default is defined as a loan 60 days or more past due) during the three and nine-months ended March 31, 2014 and 2013 are summarized in the following table (dollars in thousands):


		Three-Months Ended				Nine-Months Ended
		31-Mar-14				31-Mar-14
		Number of Contracts		Recorded Investment		Number of Contracts		Recorded Investment
1-4 family		-		$ -		2		$ 272



		Three-Months Ended				Nine-Months Ended
		31-Mar-13				31-Mar-13
		Number of Contracts		Recorded Investment		Number of Contracts		Recorded Investment
1-4 family		2		$ 658		2		$ 658

The Bank has elected to measure certain loans at fair value. See discussion in “Note 1(x). Fair Value of Financial Instruments” and “Note 1(g). Loans and Allowance for Loan Losses” in the Notes to the Consolidated Financial Statements in the Fiscal 2013 Form 10-K. The Bank recognized interest income on loans measured at fair value separately from other changes in fair value. As of March 31, 2014, there were no loans measured at fair value on non-accrual status or 90 days or more past due and still accruing.



The following tables summarize the amortized cost, gross unrealized gains and losses and the fair value of loans measured at fair value at March 31, 2014 and June 30, 2013 for the Bank (in thousands):



			Gross		Gross
	Amortized		Unrealized		Unrealized		Fair
	Cost		Gains (1)		Losses (1)		Value
31-Mar-14
Commercial real estate	$ 9,875		$ 80		$ (58)		$ 9,897
Multifamily	41,197		246		-45		41,398
	$ 51,072		$ 326		$ (103)		$ 51,295




			Gross
	Amortized		Unrealized		Fair
	Cost		Losses (1)		Value
30-Jun-13
Commercial real estate	$ 2,787		$ (125)		$ 2,662
Multifamily	11,115		-20		11,095
	$ 13,902		$ (145)		$ 13,757
____________
(1) Unrealized gains (losses) are recorded in other revenues on the Consolidated Statements of Comprehensive Loss.

Securities_Owned_And_Securitie

Securities Owned And Securities Sold, Not Yet Purchased	9 Months Ended
Securities Owned And Securities Sold, Not Yet Purchased	Mar. 31, 2014
Securities Owned And Securities Sold, Not Yet Purchased [Abstract]	'
Securities Owned And Securities Sold, Not Yet Purchased	'
	SECURITIES OWNED AND SECURITIES SOLD, NOT YET PURCHASED
	Securities owned and securities sold, not yet purchased at March 31, 2014 and June 30, 2013 consisted of the following (in thousands):



		31-Mar-14	30-Jun-13
	Securities owned:
	Corporate equity securities	$ 1,143	$ 1,520
	Municipal obligations	67,719	30,116
	U.S. government and government agency obligations	84,670	41,529
	Corporate obligations	96,155	127,899
	Other	39,282	8,569
		$ 288,969	$ 209,633

	Securities sold, not yet purchased:
	Corporate equity securities	$ 3	$ -
	Municipal obligations	-	10
	U.S. government and government agency obligations	97,949	54,086
	Corporate obligations	79,508	80,639
		$ 177,460	$ 134,735


	Securities owned and securities sold, not yet purchased are carried at fair value. See additional discussion in “Fair Value of Financial Instruments”.

	Some of these securities were pledged as collateral to secure short-term borrowings (see “Short-Term Borrowings”) and as security deposits at clearing organizations for the Company’s clearing business. At March 31, 2014 and June 30, 2013, securities pledged as security deposits at clearing organizations were $6,349,000 and $3,000,000, respectively.

	The Company also enters into “to-be-announced” securities (“TBAs”) in order to assist clients (generally small to mid-size mortgage loan originators) in hedging the interest rate risk associated with the mortgages owned by the clients. In general, the Company will enter into a TBA purchase agreement with the client and then immediately enter into a TBA sale agreement with identical terms and the same settlement date with a separate counter-party. The Company earns revenue through a commission charged to the customer. Because the Company has purchased and sold the same security, it is no longer exposed to market movements of the underlying TBA. At March 31, 2014, the Company had unsettled TBA purchase contracts and offsetting TBA sale agreements in the notional amount of $812,501,000.

Securities_Held_To_Maturity

Securities Held To Maturity	9 Months Ended
Securities Held To Maturity	Mar. 31, 2014
Securities Held To Maturity [Abstract]	'
Securities Held To Maturity	'
	SECURITIES HELD TO MATURITY
	Securities held to maturity consisted of the following (in thousands):



		31-Mar-14	30-Jun-13

	Government National Mortgage
	Association ("GNMA") Securities	$ 13,553	$ 17,423


	In March 2011, the Bank purchased GNMA securities at a cost of $35,525,000, including a premium of $525,000. The premium is amortized over the period from the date of purchase to the stated maturity date (15 years) of the GNMA securities using the interest method. These securities are classified as held to maturity and are accounted for at amortized cost. The weighted average yield on this investment is expected to be 2.4% and the weighted average maturity is expected to be 2.1 years.

	The Bank recorded $19,000 and $60,000 in amortization of the premiums during the three and nine-months ended March 31, 2014, respectively. During the three and nine-months ended March 31, 2014, the Bank received $1,129,000 and $4,154,000 of principal and interest payments, respectively, recording $106,000 and $344,000 in interest, respectively.

	The Bank recorded $28,000 and $89,000 in amortization of the premiums during the three and nine-months ended March 31, 2013, respectively. During the three and nine-months ended March 31, 2013, the Bank received $2,344,000 and $6,832,000 of principal and interest payments, respectively, recording $156,000 and $515,000 in interest, respectively.

	The amortized cost, estimated fair value and unrecognized holding gain of securities held to maturity at March 31, 2014, by contractual maturity date, are shown below (in thousands). Expected maturities will differ from contractual maturities because borrowers may have the right to call or repay obligations with or without call or prepayment penalties.



		Securities Held to Maturity
		Amortized Cost	Fair Value	Unrecognized Holding gain

	Due after ten years	$ 13,553	$ 13,899	$ 346

Securities_Purchased_Sold_Unde

Securities Purchased /Sold Under Agreements To Resell/Repurchase	9 Months Ended
	Mar. 31, 2014
Securities Purchased /Sold Under Agreements To Resell/Repurchase [Abstract]	'
Securities Purchased /Sold under Agreements to Resell/Repurchase	'
	SECURITIES PURCHASED/SOLD UNDER AGREEMENTS TO RESELL/REPURCHASE
	At March 31, 2014 and June 30, 2013, SWS held reverse repurchase agreements collateralized by U.S. government and government agency obligations and securities sold under repurchase agreements. These securities are reported on a gross basis in the Consolidated Statements of Financial Condition.

	Securities sold under repurchase agreements, which are secured borrowings, generally mature within one to four days from the transaction date. Securities sold under repurchase agreements are reflected at the amount of cash received in connection with the transactions. The Company may be required to provide additional collateral based on the fair value of the underlying securities. The Company monitors the fair value of the underlying securities on a daily basis. Interest on these amounts is accrued and is included in the Consolidated Statements of Financial Condition in other liabilities.




	The following table provides information about these instruments and any related collateral amounts at March 31, 2014 and June 30, 2013.





	31-Mar-14
	(in thousands)				Gross amounts not offset in the statement of financial position
	Description	Gross amounts	Gross amounts	Net amounts of	Financial instruments	Cash collateral	Net amount
		of recognized	offset in the	assets presented in the statement of
		assets/	statement of	financial position
		liabilities	financial position
	Reverse
	Repurchase
	Agreements	$ 97,504	$ -	$ 97,504	$ (97,416)	$ -	$ 88
	Repurchase
	Agreements	69,961	-	69,961	-69,628	-	333



	30-Jun-13
	(in thousands)				Gross amounts not offset in the statement of financial position
	Description	Gross amounts	Gross amounts	Net amounts of	Financial instruments	Cash collateral	Net amount
		of recognized	offset in the	assets presented in the statement of
		assets/	statement of	financial position
		liabilities	financial position
	Reverse
	Repurchase
	Agreements	$ 51,996	$ -	$ 51,996	$ (51,808)	$ -	$ 188
	Repurchase
	Agreements	37,012	-	37,012	-37,012	-	-

Securities_Available_For_Sale

Securities Available For Sale	9 Months Ended
Securities Available For Sale	Mar. 31, 2014
Securities Available For Sale [Abstract]	'
Securities Available For Sale	'




	SECURITIES AVAILABLE FOR SALE
	SWS Group owns shares of common stock of Westwood Group, Inc. (“Westwood”), which it classifies as securities available for sale. In addition to the shares of common stock owned by SWS Group, the Bank owns U.S. government and government agency and municipal obligations that are available for sale. The unrealized holding gains (losses), net of tax, related to these securities are recorded as a separate component of stockholders’ equity on the Consolidated Statements of Financial Condition.

	The following tables summarize the cost of equity securities, amortized cost of debt securities and market value of these investments at March 31, 2014 and June 30, 2013 (dollars in thousands):



			Original/	Gross	Gross	Gross
		Shares	Amortized	Unrealized	Unrealized	Realized	Market
		Held	Cost	Gains	Losses	Losses	Value
	Mar-14
	Westwood common stock	2,219	$ 7	$ 222	$ -	$ (90)	$ 139
	Municipal obligations	N/A	44,454	173	-678	-	43,949
	Continuous unrealized loss less than
	12 months:
	U.S. government and government
	agency obligations	N/A	507,461	350	-10,415	-	497,396
	Continuous unrealized loss for 12
	months or greater:
	U.S. government and government
	agency obligations	N/A	35,597	-	-1,402	-	34,195
			$ 587,519	$ 745	$ (12,495)	$ (90)	$ 575,679




			Original/	Gross	Gross	Gross
		Shares	Amortized	Unrealized	Unrealized	Realized	Market
		Held	Cost	Gains	Losses	Losses	Value
	Jun-13
	Westwood common stock	3,405	$ 7	$ 170	$ -	$ (31)	$ 146
	Continuous unrealized loss less than
	12 months:
	U.S. government and government
	agency obligations	N/A	479,970	138	-9,239	-	470,869
	Municipal obligations	N/A	29,289	-	-1,065	-	28,224
	Continuous unrealized loss for 12
	months or greater:
	U.S. government and government
	agency obligations	N/A	4,127	-	-90	-	4,037
			$ 513,393	$ 308	$ (10,394)	$ (31)	$ 503,276


	In fiscal 2014 and 2013, the Bank purchased U.S. government and government agency and municipal obligations securities at a cost of $177,085,000 and $319,836,000, including a net premium of $2,335,000 and $6,279,000, respectively. The premium is amortized over the period from the date of purchase to the stated maturity date (weighted average of 4.39 years at March 31, 2014 and 4.04 years at June 30, 2013) using the interest method.

	During the three and nine-months ended March 31, 2014, the Bank recorded $619,000 and $1,796,000, respectively, in amortization of the premium and received $15,233,000 and $45,308,000, respectively, of principal and interest payments, recording $3,764,000 and $9,617,000, respectively, in interest income on these securities. During the three and nine-months ended March 31, 2013, the Bank recorded $439,000 and $1,347,000, respectively, in amortization of the premium and received $11,423,000 and $32,579,000, respectively, of principal and interest payments, recording $1,754,000 and $5,347,000, respectively, in interest income on these securities.

	During the first three quarters of fiscal 2014, U.S. government and municipal obligations of $27,635,000 matured and during the first three quarters of fiscal 2013, municipal obligations of $495,000 matured and the issuer redeemed $12,000,000 of U.S. government agency securities, purchased at a discount, at par, resulting in a gain of $7,000.

	During the first three quarters of fiscal 2013, the Company recognized a realized gain of $3,550,000 in net gains on principal transactions and a $2,308,000 (the $3,550,000 net of tax) reclassification adjustment from accumulated other comprehensive income from the sale of shares of U.S. Home Systems, Inc. (USHS) common stock owned by SWS Group at June 29, 2012. Also, during the first three quarters of fiscal 2014 and 2013, the Bank sold $37,837,000 and $24,557,000 in securities, recognizing gains of $483,000 and $95,000 in other revenue and a $314,000 (the $483,000 net of tax) and $62,000 (the $95,000 net of tax) reclassification adjustment from accumulated other comprehensive income, respectively.

Investments_And_Variable_Inter

Investments And Variable Interest Entities	9 Months Ended
	Mar. 31, 2014
Investments And Variable Interest Entities [Abstract]	'
Investments And Variable Interest Entities	'
	INVESTMENTS AND VARIABLE INTEREST ENTITIES
	Investments.
	SWS has interests in four investment partnerships that it accounts for under the equity method, which approximates fair value. One is a limited partnership venture capital fund in which SWS has invested $5,000,000. Based on a review of the fair value of this limited partnership interest, SWS determined that its share of the investments made by the limited partnership should be valued at $530,000 as of March 31, 2014 and $513,000 as of June 30, 2013. SWS recorded net gains of $13,000 and $17,000 on this investment for the three and nine-months ended March 31, 2014, respectively, and recorded net gains of $16,000 and $48,000 for the three and nine-months ended March 29, 2013, respectively. In fiscal 2013, SWS received cash distributions of $340,000 from this investment. The limited partnership venture capital fund has entered into an agreement with the Small Business Administration (“SBA”) for a self-liquidation plan.

	Two investments are limited partnership equity funds to which the Bank has commitments of $3,000,000 and $2,000,000, respectively, and are considered cost effective ways of meeting its obligations under the CRA. As of March 31, 2014 and June 30, 2013, the Bank’s recorded investments in these partnerships were $3,012,000 and $3,782,000, respectively. During the three and nine-months ended March 31, 2014, the Bank recorded net losses of $1,016,000 and $770,000, respectively, related to these investments. In comparison, during the three and nine-months ended March 31, 2013, the Bank recorded a net loss of $418,000 and a net gain of $568,000, respectively, related to these investments. During the nine-months ended March 31, 2014, the Bank received no cash distributions and during the nine-months ended March 31, 2013, the Bank received $2,400,000, from these investments.

	On January 28, 2009, the Bank executed a $4,500,000 loan agreement with one of the partnerships. The loan was amended on November 16, 2009 to increase the note amount to $5,000,000. The loan was renewed on September 26, 2012 with a maturity date of January 2, 2013. At December 31, 2012, the loan was paid in full. Prior to December 31, 2012, for the three and six-months ended December 31, 2012, the Bank earned approximately $55,000 and $111,000 in interest income, respectively.

	On December 31, 2012, the Bank executed a new $5,000,000 loan agreement with one of the partnerships with a maturity date of December 31, 2015. At March 31, 2014, the outstanding balance was $3,152,000. The loan bears interest at a rate of 4.25% per annum and interest is due monthly. The Bank earned approximately $33,000 and $89,000 in interest income for the three and nine-months ended March 31, 2014, respectively, and approximately $30,000 in interest income for the three-months ended March 31, 2013 on the loan.

	In April 2012, the Bank acquired an interest in a private investment fund to obtain additional credit for its obligations under the CRA. The Bank has committed to invest $3,000,000 in the fund and to date, has contributed $480,000 in the fund, including $300,000 invested pursuant to capital calls in November 2013 and March 2014. For the three-months ended March 31, 2014, no amounts were recorded to reflect a change in market value. For the nine-months ended March 31, 2014, the Bank recorded net losses of $50,000. There were no net gains or losses recorded by the Bank for the three and nine-months ended March 31, 2013. The recorded investment in this fund was $312,000 and $62,000 at March 31, 2014 and June 30, 2013, respectively.

	Variable Interest Entities.
	The Company’s variable interest entity (“VIE”) policies are discussed in “Note 10. Investments and Variable Interest Entities” in the Notes to the Consolidated Financial Statements in the Fiscal 2013 Form 10-K.

	The loans to commercial borrowers noted in the table below, which have been modified as a troubled debt restructuring, triggering a reconsideration event, meet the definition of a VIE because the legal entities have a total equity investment at risk that is not sufficient to permit the entity to finance its activities without additional subordinated financial support, leading to the borrowers request for a loan modification. The Company, however, does not meet the definition of a primary beneficiary of the legal entities even though the Company has customary lender’s rights and remedies, as provided in the related promissory notes and loan agreements. The Company does not possess the power to direct the activities of the legal entities that most significantly impact the legal entities economic performance nor does the Company have the obligation to absorb potentially significant losses or the right to receive potentially significant benefits from the legal entities. Accordingly, the legal entities are not consolidated in the Company’s financial statements.

	The following table presents the carrying amount and maximum exposure to loss associated with the Company’s variable interests in unconsolidated VIEs as of March 31, 2014 and June 30, 2013 (dollars in thousands):


		31-Mar-14			30-Jun-13
		Number of VIEs	Carrying Amount of Assets	Maximum Exposure to Loss	Number of VIEs	Carrying Amount of Assets	Maximum Exposure to Loss

	Loans to commercial
	borrowers	11	$ 5,598	$ 4,277	17	$ 10,639	$ 9,072


	The carrying amount of the Company’s recorded investment in these loans is included in loans, net of allowance for loan losses in the Consolidated Statements of Financial Condition. See additional discussion in “Loans and Allowance for Probable Loan Losses” for information related to the loans modified in TDRs.

REO_And_Other_Repossessed_Asse

REO And Other Repossessed Assets	9 Months Ended
REO And Other Repossessed Assets	Mar. 31, 2014
REO And Other Repossessed Assets [Abstract]	'
REO And Other Repossessed Assets	'
	REO AND OTHER REPOSSESSED ASSETS
	REO and other repossessed assets are valued at the lower of cost or market, less a selling discount and are included in other assets in the Consolidated Statements of Financial Condition. For those investments where the REO is valued at market, the value is determined by third party appraisals or if the REO is subject to a sales contract, by the accepted sales amount. In addition, under certain circumstances, the Bank adjusts appraised values to more accurately reflect the economic conditions of the area at the time of valuation or to reflect changes in market value occurring subsequent to the appraisal date. There were $62,000 and $263,000 of subsequent write-downs required to reflect current fair value for the three and nine-months ended March 31, 2014, respectively, and $549,000 and $1,475,000 of subsequent write-downs were required for the three and nine-months ended March 31, 2013, respectively.

Servicing_Assets

Servicing Assets	9 Months Ended
Servicing Assets	Mar. 31, 2014
Servicing Assets [Abstract]	'
Servicing Assets	'
	SERVICING ASSETS
	During fiscal 2014 and 2013, the Bank sold $5,934,000 of SBA loans resulting in a gain of $493,000 and $17,664,000 of SBA loans resulting in a gain of $2,253,000, respectively. In addition, during the three-months ended March 31, 2014, the Bank, in connection with the fiscal 2014 sales, recorded servicing assets of $116,000. At March 31, 2014 and June 30, 2013, the servicing assets had a value of $493,000 and $412,000, respectively. The Bank accounts for its servicing rights in accordance with Accounting Standards Codification (“ASC”) 860-50, “Servicing Assets and Liabilities,” at amortized cost. The codification requires that servicing rights acquired through the origination of loans, which are sold with servicing rights retained, are recognized as separate assets. Servicing assets are recorded as the difference between the contractual servicing fees and adequate compensation for performing the servicing, and are periodically reviewed and adjusted for any impairment. The amount of impairment recognized, if any, is the amount by which the servicing assets exceed their fair value. For the three and nine-months ended March 31, 2014, the Bank recorded impairment charges of $(17,000) and $16,000, respectively. There were no impairment charges for the three and nine-months ended March 31, 2013. Fair value of the servicing assets is estimated using discounted cash flows based on current market interest rates. See “Note 1(x). Fair Value of Financial Instruments” in the Notes to the Consolidated Financial Statement in the Fiscal 2013 Form 10-K and “Fair Value Financial Instruments”. Servicing rights are amortized in proportion to and over the period of the related net servicing income.

Interest_Rate_Swaps

Interest Rate Swaps	9 Months Ended
Interest Rate Swaps	Mar. 31, 2014
Interest Rate Swaps [Abstract]	'
Interest Rate Swaps	'
	INTEREST RATE SWAPS
	The Company’s interest rate swap policies are discussed in “Note 1(m). Interest Rate Swaps in Cash Flow Hedging Relationships” in the Notes to the Consolidated Financial Statements in the Fiscal 2013 Form 10-K.

	In fiscal 2013 and the first three-quarters of fiscal 2014, the Bank entered into forward-start interest rate swaps to mitigate risk from its exposure to variability in interest payments on the Bank’s variable rate deposits. The Bank’s forward-start interest rate swaps exchange fixed for variable interest payments beginning at a pre-specified date in the future according to the terms of the swap agreements and are designated as cash flow hedges. As of March 31, 2014 and June 30, 2013, the notional amount of interest rate swap agreements designated as cash flow hedging instruments was $115,000,000 with a net fair value of $653,000, and $100,000,000 with a net fair value of $1,789,000, respectively, included in other assets and other liabilities, on the Consolidated Statements of Financial Condition. During the three and nine-months ended March 31, 2014, the Bank recognized net losses of $494,000 and $145,000 in other revenue on the Consolidated Statements of Comprehensive Loss as a result of the termination of two liability position swaps and cash flow hedging ineffectiveness, with a loss of $286,000 for the three and nine-months ended March 31, 2014 related to the termination of $446,000 of liability position swaps and a loss of $208,000 and gain of $141,000 for the three and nine-months ended March 31, 2014, respectively, for hedging ineffectiveness.

	In addition, interest rate swaps are used by the Bank to manage interest rate risk on certain fixed rate loans funded with variable rate deposits which exposes the Bank to potential variability in its net interest margin. These fixed rate loans include terms matching the interest rate swaps and are recorded at fair value under the fair value option election. See discussion in “Loans and Allowance for Probable Loan Losses” for information regarding these loans valued at fair value. As of March 31, 2014 and June 30, 2013, the notional amount of interest rate swaps outstanding related to fixed rate loan transactions was $51,071,000 with a net fair value of $50,000, and $13,902,000 with a fair value of $145,000, respectively, included in other assets and other liabilities on the Consolidated Statements of Financial Condition. During the three-months ended December 31, 2013, the Bank paid its counterparty $12,000 to terminate one interest rate swap.

	For the three and nine-months ended March 31, 2014, net losses recognized in other revenue on the Consolidated Statements of Comprehensive Loss as a result of changes in fair value of the interest rate swaps, not designated as cash flow hedges, were $266,000 and $106,000, respectively. As the Bank did not invest in interest rate swaps at March 31, 2013, there were no gains or losses recognized for the three and nine-months ended March 31, 2013.

ShortTerm_Borrowings

Short-Term Borrowings	9 Months Ended
Short-Term Borrowings	Mar. 31, 2014
Short-Term Borrowings [Abstract]	'
Short-Term Borrowings	'
	SHORT-TERM BORROWINGS

	Brokerage.

	Uncommitted lines of credit
	Southwest Securities has credit arrangements with commercial banks, which include broker loan lines up to $400,000,000. These lines of credit are used primarily to finance securities owned, securities held for correspondent broker/dealer accounts, receivables in customers’ margin accounts and underwriting activities. These lines may also be used to release pledged collateral against day loans. These credit arrangements are provided on an “as offered” basis and are not committed lines of credit. These arrangements can be terminated at any time by the lender. Any outstanding balance under these credit arrangements is due on demand and bears interest at rates indexed to the federal funds rate (0.06% at March 31, 2014 and 0.07% at June 30, 2013). The total amount of borrowings available under these lines of credit is reduced by the amount available under the options trading unsecured letter of credit, referenced below. At March 31, 2014, the amount outstanding under these secured arrangements was $50,000,000, which was collateralized by securities held for firm accounts valued at $111,194,000. At June 30, 2013, the amount outstanding under these secured arrangements was $86,500,000, which was collateralized by securities held for firm accounts valued at $120,568,000.

	At March 31, 2014 and June 30, 2013, Southwest Securities had a $20,000,000 unsecured line of credit that is due on demand and bears interest at rates indexed to the federal funds rate. This credit arrangement is provided on an “as offered” basis and is not a committed line of credit. The total amount of borrowings available under this line of credit is reduced by the amount outstanding on the line and under any unsecured letters of credit at the time of borrowing. At March 31, 2014 and June 30, 2013, there were no amounts outstanding on this line. At March 31, 2014 and June 30, 2013, the total amount available for borrowing was $20,000,000.

	Committed lines of credit
	On January 28, 2011, Southwest Securities entered into an agreement with an unaffiliated bank for a $45,000,000 committed revolving credit facility. The commitment fee is 37.5 basis points per annum, and when drawn, the interest rate is equal to the federal funds rate plus 125 basis points. The agreement provides that Southwest Securities must maintain a tangible net worth of at least $150,000,000. The agreement was renewed on January 23, 2014 and has the same terms as the initial agreement. As of March 31, 2014, there were no outstanding amounts under the committed revolving credit facility and as of June 30, 2013, there was $45,000,000 outstanding. The secured borrowing was collateralized by securities with a value of $68,605,000 at June 30, 2013.

	Letters of credit
	At June 30, 2013, SWS had an irrevocable letter of credit agreement pledged to support customer open options positions with an options clearing organization. Until drawn, the letter of credit bears interest at a rate of 0.5% per annum and is renewable semi-annually. If drawn, the letter of credit bears interest at a rate of 0.5% per annum plus a fee. At June 30, 2013, the maximum amount available under this letter of credit agreement was $75,000,000. At June 30, 2013, the Company had outstanding, undrawn letters of credit of $50,000,000, bearing interest at a rate of 0.5% per annum. The letter of credit was fully collateralized by marketable securities held in client and non-client margin accounts with a value of $71,035,000 at June 30, 2013. The letter of credit was not renewed in the third quarter of fiscal 2014.

	The Company also pledges customer securities to the Option Clearing Corporation to support open customer positions. At March 31, 2014, the Company had pledged $81,809,073 to support these open customer positions.

	In addition to using customer securities to collateralize short-term borrowings, SWS also loans client securities as collateral in conjunction with SWS’s securities lending activities. At March 31, 2014, approximately $337,688,000 of client securities under customer margin loans was available to be pledged, of which SWS had pledged $32,194,000 under securities loan agreements. At June 30, 2013, approximately $329,013,000 of client securities under customer margin loans was available to be pledged, of which SWS had pledged $18,408,000 under securities loan agreements.





	Banking.
	In the second quarter of fiscal 2010, the Bank entered into a secured line of credit agreement with the Federal Reserve Bank of Dallas. This line of credit is secured by the Bank's commercial loan portfolio. This line is due on demand and bears interest at a rate equal to the federal funds target rate plus 50 basis points. At March 31, 2014 and June 30, 2013, the total amount available under this line was $40,479,000 and $28,267,000, respectively. There was no amount outstanding at March 31, 2014 and June 30, 2013.

Deposits

Deposits	9 Months Ended
Deposits	Mar. 31, 2014
Deposits [Abstract]	'
Deposits	'
	DEPOSITS
	The Bank’s deposits at March 31, 2014 and June 30, 2013 consisted of the following (dollars in thousands):



		31-Mar-14			30-Jun-13
		Amount	Percent		Amount	Percent

	Noninterest bearing demand accounts	$ 58,242	5.8	%	$ 55,221	5.5	%
	Interest bearing demand accounts	8,993	0.9		7,723	0.8
	Savings accounts	883,823	88.8		883,229	88.9
	Limited access money market accounts	17,461	1.8		17,212	1.7
	Certificates of deposit, less than $100,000	16,015	1.6		17,829	1.8
	Certificates of deposit, $100,000 and greater	11,067	1.1		12,505	1.3
		$ 995,601	100.0	%	$ 993,719	100.0	%



	The weighted average interest rate on the Bank’s deposits was approximately 0.04% at both March 31, 2014 and June 30, 2013, respectively.

	At March 31, 2014, scheduled maturities of certificates of deposit were as follows (in thousands):



		1 Year or Less		> 1 Year Through 2 Years	> 2 Years Through 3 Years		> 3 Years Through 4 Years	Thereafter	Total
	Certificates of deposit, less than $100,000	$ 13,057		$ 1,877	$ 379		$ 337	$ 365	$ 16,015
	Certificates of deposit, $100,000 and greater	9,159		1,343	463		102	-	11,067
		$ 22,216		$ 3,220	$ 842		$ 439	$ 365	$ 27,082


	The Bank is funded primarily by core deposits, with interest- bearing savings accounts from Southwest Securities’ customers making up a significant source of these deposits.

Advances_From_The_Federal_Home

Advances From The Federal Home Loan Bank	9 Months Ended
Advances From The Federal Home Loan Bank	Mar. 31, 2014
Advances From The Federal Home Loan Bank [Abstract]	'
Advances From The Federal Home Loan Bank	'

	ADVANCES FROM THE FEDERAL HOME LOAN BANK
	At March 31, 2014 and June 30, 2013, advances from the FHLB were due as follows (in thousands):



		31-Mar-14	30-Jun-13
	Maturity:
	Due in one year	$ 10,127	$ 15,486
	Due in two years	4,620	1,859
	Due in five years	52,018	48,956
	Due in seven years	12,195	12,809
	Due in ten years	4,710	8,424
	Due in twenty years	8,858	10,163
		92,528	97,697
	Restructuring prepayment penalty	-98	-132
		$ 92,430	$ 97,565


	The advances from the FHLB had interest rates ranging from less than 1% to 6% and were collateralized by approximately $193,154,000 in qualifying loans at March 31, 2014 (calculated at December 31, 2013). The weighted average interest rate was 2.6% at March 31, 2014. At June 30, 2013 (calculated at March 31, 2013), the advances from the FHLB had interest rates from less than 1% to 6% and were collateralized by approximately $181,000,000 in qualifying loans. The weighted average interest rate was 2.7% at June 30, 2013.

	During the second quarter of fiscal 2013, the Bank restructured a portion of its fixed-rate FHLB advances with lower-cost FHLB advances. Upon restructuring, the Bank incurred a $166,000 prepayment penalty, which is being amortized using the effective interest method over the contractual term of the restructured advances. Amortization expense for the three and nine-months ended March 31, 2014 was $11,000 and $34,000. Amortization expense for the three and nine-months ended March 31, 2013 was $11,000 and $22,000, respectively.

	At March 31, 2014, the Bank had net borrowing capacity with the FHLB of $102,149,000.

Debt_Issued_With_Stock_Purchas

Debt Issued With Stock Purchase Warrants	9 Months Ended
	Mar. 31, 2014
Debt Issued With Stock Purchase Warrants [Abstract]	'
Debt Issued With Stock Purchase Warrants	'
	DEBT ISSUED WITH STOCK PURCHASE WARRANTS
	On March 20, 2011, the Company entered into a Funding Agreement (the “Funding Agreement”) with Hilltop and Oak Hill. On July 29, 2011, after receipt of stockholder and regulatory approval, the Company completed the following transactions contemplated by the Funding Agreement:

		·	entered into a $100,000,000, five year, unsecured credit agreement with Hilltop and Oak Hill that accrues interest at a rate of 8% per annum;
		·	issued warrants to Hilltop and Oak Hill allowing each to purchase up to 8,695,652 shares of the Company’s common stock; and
		·	granted Hilltop and Oak Hill certain rights, including certain registration rights, preemptive rights, and the right for each to appoint one person to the Company’s Board of Directors for so long as each owns 9.9% or more of all of the outstanding shares of the Company’s common stock or securities convertible into at least 9.9% of the Company’s outstanding common stock.

	On July 29, 2011, in connection with the loans made by Hilltop and Oak Hill under the Credit Agreement, the Company issued a warrant to Hilltop to purchase up to 8,695,652 shares of common stock (and in certain cases described below, shares of Non-Voting Perpetual Participating Preferred Stock, Series A (the “Series A Preferred Stock”), and warrants to Oak Hill to purchase up to 8,695,652 shares of common stock (and in certain cases described below, shares of Series A Preferred Stock). These warrants are exercisable for five years and have a fixed exercise price of $5.75 per share, subject to standard anti-dilution adjustments for extraordinary corporate transactions, such as stock splits, dividends and combinations, the issuance of stock purchase rights, debt or asset distributions (including cash), tender offers or exchange offers and entry into certain business combinations. In addition, the warrants have a weighted average anti-dilution adjustment in the event the Company issues shares of common stock at less than 90% of the market price of the common stock on the date prior to the pricing of such shares. For each of Hilltop and Oak Hill, the warrants represent approximately 17% of the Company’s common stock for each investor as of March 31, 2014 (assuming that the warrants are exercised in full).

	The warrants provide that the Company would only issue shares of Series A Preferred Stock upon the exercise of warrants if it is necessary to prevent Hilltop or Oak Hill from owning or being deemed to own shares of the Company’s common stock in excess of the “Ownership Limit” provided in the warrants. The “Ownership Limit” is 24.9% of any class of the securities of the Company or such level that Hilltop or Oak Hill reasonably determines would prevent them from being deemed to control the Company for purposes of the federal banking laws and regulations specified in the warrants. No shares of Series A Preferred Stock are issued or outstanding at March 31, 2014 and June 30, 2013. For additional discussion concerning the Series A Preferred Stock see the discussion in “Preferred Stock.”

	The warrants are recorded as a liability in the Consolidated Statements of Financial Condition at fair value. Initial and subsequent valuations of the warrants use a binomial valuation model. At initial valuation, July 29, 2011, the closing stock price was $5.45 per share yielding a fair value of $24,136,000. At March 31, 2014 and June 30, 2013, the closing stock prices used in the binomial valuation model were $7.48 and $5.45, respectively, and the warrants were valued at $31,033,000 and $24,197,000, respectively. The change in fair value for the three and nine-months ended March 31, 2014 of $6,745,000 and $6,836,000, respectively, was reflected as an unrealized loss on warrants valuation on the Consolidated Statements of Comprehensive Loss. The change in fair value for the three and nine-months ended March 29, 2013 of $3,840,000 and $264,000, respectively, was reflected as an unrealized loss on warrants valuation on the Consolidated Statements of Comprehensive Loss. The warrants are classified as Level 3 in the fair value hierarchy as disclosed in “Fair Value of Financial Instruments.”

	The loan is recorded as a liability with an 8% interest rate, a five year term and an effective interest rate of 14.9%. At July 29, 2011, the discount on the loan was initially valued at $24,136,000 and is being accreted using the effective interest method. For the three and nine-months ended March 31, 2014, the Company recorded $1,187,000 and $3,435,000, respectively, in accretion expense on the discount. In comparison, for the three and nine-months ended March 31, 2013, the Company recorded $1,024,000 and $2,963,000, respectively, in accretion expense on the discount. The resulting long-term debt balance at March 31, 2014 and June 30, 2013 was $86,537,000 and $83,102,000, respectively. For both the three and nine-months ended March 31, 2014 and March 29, 2013, the cash portion of the interest expense paid on the loan to Hilltop and Oak Hill was $2,000,000 and $6,000,000, respectively.

	At July 29, 2011, legal and accounting fees, printing costs and other expenses associated with the loan and warrants totaled $2,459,000 and are being amortized on a straight-line method, which approximates the effective interest method, over the term of the loan. For both the three and nine-months ended March 31, 2014 and March 29, 2013, interest expense charged to operations was $123,000 and $369,000, respectively.

	The Company recorded total interest expense for this obligation for the three and nine-months ended March 31, 2014 on the Consolidated Statements of Comprehensive Loss of $3,310,000 and $9,804,000, respectively, while total interest expense for this obligation for the three and nine-months ended March 29, 2013 was $3,147,000 and $9,332,000, respectively.

	The Credit Agreement contains customary financial covenants which require the Company to, among other things:
		·	maintain a tangible net worth at least equal to the sum of $275,000,000 and 20% of cumulative consolidated net income (as defined in the Credit Agreement) for each fiscal quarter for which consolidated net income is positive;
		·	maintain a minimum unrestricted cash balance (as defined in the Credit Agreement) of at least $4,000,000;
		·	maintain an excess net capital balance at Southwest Securities of at least $100,000,000 as of the end of each calendar month; and
		·	maintain a total risk-based capital ratio, Tier I risk-based capital ratio and leverage ratio for the Bank that ensures the Bank is considered well capitalized or is required by federal law or regulation or action or directive by the Federal Reserve Board.

	In addition, the covenants limit the Company’s and certain of the Company’s subsidiaries’ ability to, among other things:
		·	incur additional indebtedness;
		·	dispose of or acquire certain assets;
		·	pay dividends on the Company’s capital stock;
		·	make investments, including acquisitions; and
		·	enter into transactions with affiliates.

	The Company was in compliance with the financial covenants under the Credit Agreement as of March 31, 2014. Should the Company determine it needs additional debt at SWS Group, the Company would require regulatory approval and approval from Hilltop and Oak Hill.

	If the proposed merger with Hilltop occurs, Hilltop’s warrant to acquire the Company’s common stock, if outstanding, will be cancelled.
	Concurrently with the execution of the Merger Agreement, Oak Hill and the Company entered into a Letter Agreement dated March 31, 2014 (the “Oak Hill Letter Agreement”). Pursuant to the Oak Hill Letter Agreement and the Merger Agreement, at the closing of the proposed merger with Hilltop, Oak Hill will deliver to the Company the certificates evidencing its warrants and any loans of Oak Hill to the Company then outstanding under the Credit Agreement, and SWS will issue and deliver to Oak Hill, in exchange for its warrants and loans, the following consideration: (i) the merger consideration that Oak Hill would have been entitled to receive upon consummation of the merger if its warrants had been exercised immediately prior to the effective time of the merger and (ii) an amount equal to the Applicable Premium (as defined in the Credit Agreement, being a calculation of the present value of all required interest payments due on a loan through its maturity date on the date the loan is repaid) calculated as if the loans held by Oak Hill were prepaid in full as of the closing date of the merger.

Income_Taxes

Income Taxes	9 Months Ended
Income Taxes	Mar. 31, 2014
Income Taxes [Abstract]	'
Income Taxes	'




	INCOME TAXES
	Income tax expense (benefit) for the three and nine-months ended March 31, 2014 and March 29, 2013 (effective rate of -7.2% and 40.2% in the three-month periods ended March 31, 2014 and March 29, 2013, respectively, and -0.4% and 66.7% in the nine-months ended March 31, 2014 and March 29, 2013, respectively) differs from the amount that would otherwise have been calculated by applying the federal corporate tax rate (35% in fiscal years 2014 and 2013) to loss before income tax expense (benefit) and is comprised of the following (in thousands):



		Three-Months Ended		Nine-Months Ended
		31-Mar-14	29-Mar-13	31-Mar-14	29-Mar-13
	Income tax benefit at the statutory rate	$ (2,860)	$ (3,344)	$ (2,361)	$ (1,042)
	Tax exempt interest	-293	-220	-759	-724
	Tax exempt income from company-owned
	life insurance ("COLI")	-31	-277	-564	-384
	State income taxes, net of federal tax benefit	77	-66	65	-415
	Non-deductible meals and entertainment	23	77	88	156
	Non-deductible compensation	58	247	104	763
	Valuation allowance	3,546	-256	3,390	-256
	Other, net	66	1	64	-83
		$ 586	$ (3,838)	$ 27	$ (1,985)







	The tax effects of temporary differences that give rise to the deferred tax assets and deferred tax liabilities as of March 31, 2014 and June 30, 2013 are presented below (in thousands):



		31-Mar-14	30-Jun-13
	Deferred tax assets:
	Employee compensation plans	$ 10,102	$ 11,378
	Net operating loss carryforward	11,940	10,507
	Allowance for probable loan losses	2,673	3,400
	Securities available for sale	4,190	3,589
	Bad debt reserve	1,871	2,177
	Deferred rent	1,912	1,631
	State taxes	909	909
	Investment in unconsolidated ventures	994	909
	Deferred income on loans	772	810
	REO	431	139
	Long-term debt	2,538	-
	Other	911	513
	Gross deferred tax assets	39,243	35,962
	Valuation allowance	-34,195	-30,870
	Net deferred tax assets	5,048	5,092

	Deferred tax liabilities:
	Interest rate swaps in cash flow hedging relationships	$ (123)	$ (626)
	Fixed assets, net	-196	-426
	Investment in unconsolidated ventures	-	-120
	Long-term debt	-	-82
	Other	-539	-249
	Total gross deferred tax liabilities	-858	-1,503
	Net deferred tax assets – included in other assets on the
	Consolidated Statements of Financial Condition	$ 4,190	$ 3,589


	At June 30, 2013, the Company established an allowance for deferred tax assets associated with all of its deferred tax assets, except for the Bank’s securities available for sale. Based on activity in the current period, the allowance increased $3,325,000 from June 30, 2013 to March 31, 2014. Despite the valuation allowance, these assets remain available to offset future taxable income.

Management did not establish a valuation allowance for the deferred tax asset generated on the Bank’s unrealized losses of its securities available for sale of $4,190,000, because the Bank currently has the intent and ability to hold these securities until they recover in value. The Company intends to maintain a valuation allowance with respect to its deferred tax assets, other than the Bank’s securities available for sale, until sufficient positive evidence exists to support its reduction or reversal.

The Company had a deferred tax asset for net operating losses for federal income tax purposes of approximately $11,940,000 and $10,507,000 at March 31, 2014 and June 30, 2013, respectively. In order to utilize the operating loss carryforwards, the Company must generate sufficient taxable income within the applicable carryforward period. If certain substantial changes in the Company’s ownership occur, there would be an annual limitation on the amount of the carryforwards that could be utilized.

At March 31, 2014, the Company had approximately $142,000 of unrecognized tax benefits. The Company’s net liability for unrecognized tax benefits decreased $153,000 from June 30, 2013 to March 31, 2014 primarily due to the reversal of positions from the completion of tax audits and expirations of statutes of limitations. While the Company expects that the net liability for uncertain tax positions will change during the next 12 months, the Company does not believe that the change will have a significant impact on its consolidated financial position or results of operations.

The Company recognizes interest and penalties on income taxes in income tax expense. Included in the net liability is accrued interest and penalties of $34,000 and $9,000, net of federal expense and benefit, respectively, as of March 31, 2014 and June 30, 2013, respectively. For the three and nine-months ended March 31, 2014, the Company recognized approximately $7,000 and $25,000, net of federal expense, respectively, in interest and penalties in income tax expense, while for the three and nine-months ended March 31, 2013, the Company recognized approximately $2,000 and $(193,000), net of federal expense (benefit), respectively, in interest and penalties in income tax expense. The total amount of unrecognized income tax benefits that, if recognized, would reduce income tax expense was approximately $108,000 and $286,000 as of March 31, 2014 and June 30, 2013, respectively.

With limited exception, SWS is no longer subject to U.S. federal, state or local tax audits by taxing authorities for years preceding 2010. The examination of the Company’s federal tax returns for 2008 through 2011 has concluded with no material adjustments. The Joint Committee completed its review with no exceptions, thereby concluding the matter.

Regulatory_Capital_Requirement

Regulatory Capital Requirements	9 Months Ended
Regulatory Capital Requirements	Mar. 31, 2014
Regulatory Capital Requirements [Abstract]	'
Regulatory Capital Requirements	'
	REGULATORY CAPITAL REQUIREMENTS

	Brokerage. At March 31, 2014 and June 30, 2013, the net capital position of Southwest Securities was as follows (in thousands):


		31-Mar-14			30-Jun-13

	Net capital	$ 148,201			$ 141,112
	Less: required net capital	6,747			6,843
	Excess net capital	$ 141,454			$ 134,269
	Net capital as a percent of aggregate debit items	43.9	%		41.2	%
	Net capital in excess of 5% aggregate debit items	$ 131,334			$ 124,005


	At March 31, 2014 and June 30, 2013, the net capital position of SWS Financial was as follows (in thousands):


		31-Mar-14			30-Jun-13

	Net capital	$ 935			$ 713
	Less: required net capital	250			250
	Excess net capital	$ 685			$ 463


	For more information, see the discussion in “Note 18. Regulatory Capital Requirements” in the Notes to the Consolidated Financial Statements in the Fiscal 2013 Form 10-K.

	Banking. The Bank is subject to various regulatory capital requirements administered by federal agencies. Quantitative measures, established by regulation to ensure capital adequacy, require maintaining minimum amounts and ratios (set forth in the table below) of total and Tier I capital (as defined in 12 CFR 165 and 12 CFR 167) to risk-weighted assets (as defined) and of Tier I (core) capital (as defined) to adjusted assets (as defined). Federal statutes and OCC regulations have established five capital categories for federal savings banks: well-capitalized, adequately capitalized, undercapitalized, significantly undercapitalized, and critically undercapitalized. The federal banking agencies have jointly specified by regulation the relevant capital level for each category. An institution is defined as well-capitalized when its total risk-based capital ratio is at least 10.00%, its Tier I risk-based capital ratio is at least 6.00%, its Tier I (core) capital ratio is at least 5.00%, and it is not subject to any federal supervisory order or directive to meet a specific capital level. At March 31, 2014, the Bank met all capital requirements to which it was subject and satisfied the requirements to be defined as well capitalized.

	Until terminated on January 14, 2013, the Bank was restricted by and subject to the Order to Cease and Desist, Order No. WN-11-003, effective on February 4, 2011 (the “Order”), originally issued by the Office of Thrift Supervision and then administered by the OCC. In connection with the termination of the Order on January 14, 2013, the Bank committed to the OCC that the Bank would, among other things: (i) adhere to the Bank’s written business and capital plan as amended from time to time and (ii) maintain a Tier I (core) capital ratio at least equal to nine percent (9%) and a total risk-based capital ratio of at least twelve percent (12%).



	The Bank’s capital amounts and ratios at March 31, 2014 and June 30, 2013 were as follows (dollars in thousands):


			Actual				For Capital Adequacy Purposes			To Be Well Capitalized Under Prompt Corrective Action Provisions
			Amount	Ratio			Amount	Ratio		Amount	Ratio
	31-Mar-14
	Total risk-based capital		$ 184,452	27.4	%		$ 53,934	8.0	%	$ 67,418	10.0	%
	Tier I risk-based capital		176,360	26.2			26,967	4.0		40,451	6.0
	Tier I (core) capital		176,360	13.9			50,819	4.0		63,524	5.0

			Actual				For Capital Adequacy Purposes			To Be Well Capitalized Under Prompt Corrective Action Provisions
			Amount	Ratio			Amount	Ratio		Amount	Ratio
	30-Jun-13
	Total risk-based capital		$ 181,909	24.9	%		$ 58,465	8.0	%	$ 73,081	10.0	%
	Tier I risk-based capital		172,734	23.6			29,233	4.0		43,849	6.0
	Tier I (core) capital		172,734	13.5			51,081	4.0		63,851	5.0

Employee_Benefits

Employee Benefits	9 Months Ended
Employee Benefits	Mar. 31, 2014
Employee Benefits [Abstract]	'
Employee Benefits	'
	EMPLOYEE BENEFITS

	Restricted Stock Plan. During the first nine-months of fiscal 2014, the Board of Directors approved grants to various officers and employees totaling 199,891 shares of restricted stock with a weighted average market value of $5.64 per share. During the first nine-months of fiscal 2013, the Board of Directors approved grants to various officers and employees totaling 65,079 shares of restricted stock with a weighted average market value of $4.84 per share. As a result of these grants, SWS recorded deferred compensation in additional paid in capital of approximately $1,443,000. For the three and nine-months ended March 31, 2014 SWS recognized compensation expense related to restricted stock grants of approximately $261,000 and $641,000, respectively. For the three and nine-months ended March 29, 2013, SWS recognized compensation expense related to restricted stock grants of approximately $275,000 and $883,000, respectively.

	Upon vesting of the shares granted under the Company’s restricted stock plans, the grantees may choose to sell a portion of their vested shares to the Company to cover the tax liabilities arising from the vesting.

	During the nine-months ended March 31, 2014, the Company repurchased 1,094 shares of common stock with a market value of approximately $6,100, at an average price of $5.55 per share, in connection with income tax withholding obligations arising from vesting of restricted stock awards. During the nine-months ended March 29, 2013, the Company repurchased 4,647 shares of common stock with a market value of approximately $27,000 or an average price of $5.78 per share, in connection with income tax withholding obligations arising from vesting of restricted stock awards.

	At March 31, 2014, the total number of shares outstanding under the Restricted Stock Plan was 417,137 and the total number of shares available for future issuance was 2,383,016.

Repurchase_Of_Treasury_Stock

Repurchase Of Treasury Stock	9 Months Ended
Repurchase Of Treasury Stock	Mar. 31, 2014
Repurchase Of Treasury Stock [Abstract]	'
Repurchase Of Treasury Stock	'
	REPURCHASE OF TREASURY STOCK

	Periodically, SWS repurchases shares of common stock under a plan approved by the Board of Directors. Prior to February 28, 2013, SWS was authorized to repurchase 500,000 shares of common stock from time to time in the open market. During fiscal year 2013, SWS Group did not repurchase any shares of common stock under this plan. As of March 31, 2014, the Company was not authorized to repurchase shares of common stock under a repurchase plan and did not intend to repurchase any shares of common stock. Any repurchase of shares of common stock by the Company would require approval from the Company’s Board of Directors, Hilltop, Oak Hill and regulatory authorities.

	The trustee under the deferred compensation plan periodically purchases the Company’s common stock in the open market in accordance with the terms of the plan. This stock is classified as treasury stock in the consolidated financial statements, but participates in dividends declared by SWS. The plan purchased 50,000 shares of common stock during the nine-months ended March 31, 2014 at a cost of $288,000, or $5.76 per share. The plan purchased 20,675 shares during the nine-months ended March 29, 2013 at a cost of $121,000, or $5.86 per share. During the nine-months ended March 31, 2014 and March 29, 2013, 37,575 and 24,867 shares, respectively, were sold or distributed pursuant to the plan.

Preferred_Stock

Preferred Stock	9 Months Ended
Preferred Stock	Mar. 31, 2014
Preferred Stock [Abstract]	'
Preferred Stock	'
	PREFERRED STOCK
	On March 17, 2011 in conjunction with the transaction with Hilltop and Oak Hill, the Board of Directors created the Series A Preferred Stock, par value $1.00 per share. The Company has 17,400 authorized shares of Series A Preferred Stock, and no shares were issued or outstanding at March 31, 2014 and June 30, 2013. If any shares of Series A Preferred Stock are issued, the Series A Preferred Stock will not be entitled to vote with the common stock and will be convertible into shares of common stock at a fixed conversion ratio of 1,000 shares of common stock for each share of Series A Preferred Stock outstanding. The conversion ratio is subject to certain anti-dilution adjustments for extraordinary corporate transactions, such as stock splits, dividends and combinations, the issuance of stock purchase rights, debt or asset distributions (including cash), tender offers or exchange offers and entry into a shareholder rights plan. Each share of Series A Preferred Stock would automatically convert into shares of common stock if such shares were transferred by Hilltop or Oak Hill to a non-affiliate. See additional discussion concerning the Series A Preferred Stock in “Debt Issued with Stock Purchase Warrants.”

Interest_Income_And_Interest_E

Interest Income And Interest Expense	9 Months Ended
Interest Income And Interest Expense	Mar. 31, 2014
Interest Income And Interest Expense [Abstract]	'
Interest Income and Interest Expense	'
	INTEREST INCOME AND INTEREST EXPENSE
	For the three and nine-months ended March 31, 2014 and March 29, 2013 and, for the Bank, the three and nine-months ended March 31, 2014 and 2013, the components of interest income and expense were as follows (in thousands):


		For the Three-Months Ended		For the Nine-Months Ended
		Mar-14	Mar-13	Mar-14	Mar-13

	Interest income:
	Customer margin accounts	$ 2,185	$ 1,997	$ 6,683	$ 6,276
	Assets segregated for regulatory purposes	31	30	96	90
	Stock borrowed	9,372	8,756	26,115	25,502
	Loans	6,255	8,519	20,023	29,633
	Bank investments	2,971	1,688	8,383	4,921
	Other	1,459	1,810	4,201	6,274
		$ 22,273	$ 22,800	$ 65,501	$ 72,696

	Interest expense:
	Customer funds on deposit	$ 26	$ 60	$ 93	$ 173
	Stock loaned	7,130	6,571	19,885	18,854
	Deposits	86	102	271	372
	Federal Home Loan Bank	610	627	1,927	2,060
	Long-term debt	3,310	3,147	9,804	9,332
	Other	652	794	2,331	2,537
		11,814	11,301	34,311	33,328
	Total net interest revenue	$ 10,459	$ 11,499	$ 31,190	$ 39,368

Loss_Per_Share_EPS

Loss Per Share ("EPS")	9 Months Ended
Loss Per Share ("EPS")	Mar. 31, 2014
Loss Per Share ("EPS") [Abstract]	'
Earnings (Loss) Per Share ("EPS")	'
	LOSS PER SHARE (“EPS”)
	The following reconciles the weighted average shares outstanding used in the basic and diluted EPS computations for the three and nine-months ended March 31, 2014 and March 29, 2013 (in thousands, except share and per share amounts):




		Three-Months Ended		Nine-Months Ended
		31-Mar-14	29-Mar-13	31-Mar-14	29-Mar-13

	Adjusted net loss	$ (8,757)	$ (5,718)	$ (6,774)	$ (993)

	Weighted average shares outstanding – basic	33,020,499	32,896,805	32,987,933	32,857,860
	Effect of dilutive securities	-	-	-	-
	Weighted average shares outstanding – diluted	33,020,499	32,896,805	32,987,933	32,857,860

	Loss per share – basic
	Net loss	$ (0.27)	$ (0.17)	$ (0.21)	$ (0.03)

	Loss per share – diluted
	Net loss	$ (0.27)	$ (0.17)	$ (0.21)	$ (0.03)


	Unvested share-based payment awards that contain non-forfeitable rights to dividends or dividend equivalents (paid or unpaid) are treated as participating securities and are factored into the calculation of EPS, except in periods with a net loss, when they are excluded.

	As a result of the net loss for the three and nine-months ended March 31, 2014 and March 29, 2013, the warrants to acquire 17,391,304 shares of common stock were anti-dilutive and were excluded from the calculation of diluted weighted average shares outstanding and diluted EPS.

	The Company did not declare a dividend during the nine-months ended March 31, 2014 and March 29, 2013.

	On a quarterly basis, the Board of Directors determines whether the Company will pay a cash dividend. The payment and rate of dividends on the Company’s common stock is subject to several factors including limitations imposed by the terms of the Credit Agreement with Hilltop and Oak Hill, regulatory approval, operating results, the Company’s financial requirements, and the availability of funds from the Company’s subsidiaries, including the broker/dealer subsidiaries, which may be subject to restrictions under the net capital rules of the SEC and FINRA, and the Bank, which may be subject to restrictions by federal banking agencies. Specifically, the Credit Agreement with Hilltop and Oak Hill only allows the Company to pay a quarterly cash dividend of $0.01 per share when the Company is not in default of any terms of the Credit Agreement. The Company currently intends to retain earnings to fund operations and does not plan to pay dividends on its common stock in the near future.

Segment_Reporting

Segment Reporting	9 Months Ended
Segment Reporting	Mar. 31, 2014
Segment Reporting [Abstract]	'
Segment Reporting	'
	SEGMENT REPORTING
	SWS operates the following four business segments:

		·		Clearing: The clearing segment provides clearing and execution services (generally on a fully disclosed basis) for securities broker/dealers, for bank affiliated firms and firms specializing in high volume trading.
		·		Retail Brokerage: The retail brokerage segment includes retail securities products and services (equities, mutual funds and fixed income products), insurance products and managed accounts and encompasses the activities of the Company’s employees that are registered representatives and the Company’s independent representatives who are under contract with SWS Financial.
		·		Institutional Brokerage: The institutional brokerage segment serves institutional customers in securities lending, investment banking and public finance, fixed income sales and trading, proprietary trading and agency execution services.
		·		Banking: The Bank offers traditional banking products and services and focuses on small business lending and short-term funding for mortgage bankers.
	Clearing and institutional brokerage services are offered exclusively through Southwest Securities. The Bank and its subsidiary comprise the banking segment. Retail brokerage services are offered through Southwest Securities (the Private Client Group and the Investment Management Group departments), SWS Insurance and SWS Financial (which contracts with independent representatives for the administration of their securities business).
	SWS's segments are managed separately based on types of products and services offered and their related client bases. The segments are consistent with how the Company manages its resources and assesses its performance. Management assesses performance based primarily on income before income taxes and net interest revenue (expense). As a result, SWS reports net interest revenue (expense) by segment. SWS's business segment information is prepared using the following methodologies:
		·		the financial results for each segment are determined using the same policies as those described in “Note 1. Significant Accounting Policies” in the Notes to the Consolidated Financial Statements in the Fiscal 2013 Form 10-K;
		·		segment financial information includes the allocation of interest based on each segment’s earned interest spreads;
		·		information system and operational expenses are allocated based on each segment’s usage;
		·		shared securities execution facilities expenses are allocated to the segments based on production levels;
		·		money market fee revenue is allocated based on each segment’s average balances; and
		·		clearing charges are allocated based on clearing levels from each segment.

	Intersegment balances are eliminated upon consolidation and have been applied to the appropriate segment.

	The "other" category includes SWS Group, corporate administration and SWS Capital. SWS Capital is a dormant entity that holds approximately $20,000 of assets. SWS Group is a holding company that owns various investments.

	The following table presents the Company’s operations by the segments outlined above for the three and nine-months ended March 31, 2014 and March 29, 2013:




		UNAUDITED FINANCIAL INFORMATION
	(in thousands)	Clearing	Retail Brokerage	Institutional Brokerage	Banking	Other Consolidated Entities	Consolidated SWS Group, Inc.
	Three-months ended
	31-Mar-14

	Operating revenue	$ 3,567	$ 26,902	$ 25,060	$ (235)	$ (79)	$ 55,215
	Net intersegment revenues	-185	185	-5	792	-787	-
	Net interest revenue	1,551	820	2,789	8,530	-3,231	10,459
	Net revenues	5,118	27,722	27,849	8,295	-3,310	65,674
	Non-interest expenses	4,139	25,367	21,763	6,228	9,603	67,100
	Other losses	-	-	-	-	-6,745	-6,745
	Depreciation and amortization	5	200	76	357	717	1,355
	Net income (loss) before taxes	979	2,355	6,086	2,067	-19,658	-8,171

	Three-months ended
	29-Mar-13

	Operating revenue	$ 3,060	$ 26,982	$ 23,329	$ 1,062	$ 822	$ 55,255
	Net intersegment revenues	-182	176	-74	846	-766	-
	Net interest revenue	1,451	815	2,836	9,478	-3,081	11,499
	Net revenues	4,511	27,797	26,165	10,540	-2,259	66,754
	Non-interest expenses	5,128	27,489	21,334	9,354	9,165	72,470
	Other losses	-	-	-	-	-3,840	-3,840
	Depreciation and amortization	16	220	104	442	580	1,362
	Net income (loss) before taxes	-617	308	4,831	1,186	-15,264	-9,556








		UNAUDITED FINANCIAL INFORMATION
	(in thousands)	Clearing	Retail Brokerage	Institutional Brokerage	Banking	Other Consolidated Entities	Consolidated SWS Group, Inc.
	Nine-months ended
	31-Mar-14

Operating revenue	$ 10,574	$ 82,844	$ 75,682	$ 1,638	$ 1,227	$ 171,965
Net intersegment revenues	-544	544	-16	2,472	-2,456	-
Net interest revenue	4,519	2,787	7,435	26,208	-9,759	31,190
Net revenues	15,093	85,631	83,117	27,846	-8,532	203,155
Non-interest expenses	13,002	78,022	64,877	19,260	27,905	203,066
Other losses	-	-	-	-	-6,836	-6,836
Depreciation and amortization	16	652	239	1,141	2,028	4,076
Net income (loss) before taxes	2,091	7,609	18,240	8,586	-43,273	-6,747
Assets (*)	257,178	221,020	2,209,620	1,262,386	10,345	3,960,549

Nine-months ended
29-Mar-13

Operating revenue	$ 9,556	$ 79,463	$ 82,409	$ 1,822	$ 3,590	$ 176,840
Net intersegment revenues	-535	524	-133	2,607	-2,463	-
Net interest revenue	4,634	2,524	9,209	32,122	-9,121	39,368
Net revenues	14,190	81,987	91,618	33,944	-5,531	216,208
Non-interest expenses	14,727	80,832	67,523	28,505	27,335	218,922
Other losses	-	-	-	-	-264	-264
Depreciation and amortization	50	658	313	1,308	1,774	4,103
Net income (loss) before taxes	-537	1,155	24,095	5,439	-33,130	-2,978
Assets (*)	264,528	219,729	2,078,603	1,275,842	63,878	3,902,580
________
(*) Assets are reconciled to total assets as presented in the March 31, 2014 and March 29, 2013 Consolidated Statements of Financial Condition as follows (in thousands):





	31-Mar-14		29-Mar-13
Amount as presented above	$ 3,960,549		$ 3,902,580
Reconciling items:
Unallocated assets:
Cash	19,901		17,262
Receivables from brokers, dealers and clearing
organizations	29,247		32,536
Receivable from clients, net of allowances	22,832		27,536
Other assets	30,853		16,661
Unallocated eliminations	-13,156		-90
Total assets	$ 4,050,226		$ 3,996,485

Commitments_Contingencies_and_

Commitments, Contingencies and Guarantees	9 Months Ended
Commitments, Contingencies and Guarantees	Mar. 31, 2014
Commitments, Contingencies and Guarantees [Abstract]	'
Commitments, Contingencies And Guarantees	'




	COMMITMENTS, CONTINGENCIES AND GUARANTEES
	Commitments and Contingencies.

	Litigation. In the general course of its brokerage business and the business of clearing for other brokerage firms, SWS Group and/or its subsidiaries have been named as defendants in various lawsuits and arbitration proceedings. These claims allege, among other things, violations of various federal and state securities laws. The Bank is also involved in certain legal claims and actions arising in the ordinary course of business. Management believes that resolution of these claims will not result in any material adverse effect on SWS’s consolidated financial condition, results of operations or cash flows.

	The Company has been named as a defendant in three lawsuits related to a $35,000,000 bond offering that was 40% underwritten by M.L. Stern & Co., LLC. SWS Group purchased M.L. Stern & Co., LLC in 2008. The offering took place in November 2005, and the lawsuit was filed in November 2009.

	The lawsuits are in the discovery stage and the ultimate amount of liability associated with them cannot currently be determined. However, the Company believes it is at least reasonably possible that a loss related to this matter will be incurred. At March 31, 2014 and June 30, 2013, the Company had a recorded liability of approximately $1,000,000 related to this matter.

	Merger Litigation. Two putative class actions on behalf of purported stockholders of the Company challenging the proposed merger of the Company and Hilltop are pending in the Court of Chancery of the State of Delaware. Both lawsuits name as defendants the Company, the members of the Board of Directors, Hilltop, and Peruna LLC.

	The complaints generally allege, among other things, that the Board of Directors breached its fiduciary duties to stockholders by failing to take steps to maximize stockholder value or to engage in a fair sale process before approving the merger, and that the other defendants aided and abetted such breaches of fiduciary duty. The complaints allege, among other things, that the Board of Directors labored under conflicts of interest, and that certain provisions of the Merger Agreement unduly restrict the Company’s ability to negotiate with other potential bidders. The complaints seek relief that includes, among other things, an injunction prohibiting the consummation of the merger, rescission to the extent the merger terms have already been implemented, damages for the alleged breaches of fiduciary duty, and the payment of plaintiffs’ attorneys’ fees and costs. The plaintiffs in both actions have served initial discovery requests directed at all defendants.

	The Company believes the lawsuits are without merit and intends to defend against them vigorously. There can be no assurance, however, with regard to the outcome of these lawsuits. Currently, a loss resulting from these claims is not considered probable or reasonably estimable in amount.

	Contingency. In February 2011, a limited partnership venture capital fund in which the Company invested received a proposed assessment of transferee liability from the Internal Revenue Service (“IRS”) for the tax period ended December 31, 2005. The proposed assessment is approximately $8,000,000, not including penalties of approximately $3,000,000. The Company would be responsible for approximately $1,870,000 of the proposed assessment including penalties based on its partnership interest. Interest is also accruing on this proposed assessment. As of March 31, 2014, the Company has not accrued an amount on the financial statements due to the uncertainty regarding the proposed assessment. The matter relates to certain transactions that occurred during 2005 concerning one of the limited partnership venture capital fund’s subsidiaries. The limited partnership venture capital fund engaged tax counsel and filed a tax court petition in February 2014. Management of the limited partnership venture capital fund believes that the ultimate outcome will be favorable; however, the limited partnership venture capital fund can give no assurance that it will prevail.

	Bank’s Equity Investments. The Bank has committed to invest $3,000,000 and $2,000,000 in two limited partnership equity funds. These commitments end in fiscal 2017 and fiscal 2020, respectively, unless the limited partners elect to terminate the commitment period at an earlier date in accordance with the terms of the partnership agreement. Also, in April 2012, the Bank acquired an interest in a private investment fund to obtain additional credit for its obligations under the CRA. The Bank has committed to invest $3,000,000 in the fund. As of March 31, 2014, $480,000 in contributions have been made by the Bank to this fund. The commitment in the private investment fund expires in fiscal 2022 with the possibility of two one-year extensions.

	Underwriting. Through its participation in underwriting corporate and municipal securities, SWS could expose itself to material risk that securities SWS has committed to purchase cannot be sold at the initial offering price. Federal and state securities laws and regulations also affect the activities of underwriters and impose substantial potential liabilities for violations in connection with sales of securities by underwriters to the public. At March 31, 2014, the Company had $540,000 of potential liabilities due under outstanding underwriting arrangements.

	Guarantees. The Bank faces the risk of credit loss under commitments to extend credit and stand-by letters of credit up to the contractual amount of these instruments in the event of breach by the other party to the instrument. The Bank uses the same credit policies in making commitments and conditional obligations as it does for instruments reported on the Consolidated Statements of Financial Condition.

	As of March 31, 2014, the Bank had issued stand-by letters of credit in the amount of $137,000. The recourse provision of the letters of credit allows the amount of the letters of credit to become a part of the fully collateralized loans with total repayment as a first lien. The collateral on these letters of credit consists of real estate, certificates of deposit, equipment, accounts receivable or furniture and fixtures.

	In the ordinary course of business, the Bank enters into loan agreements where the Bank commits to lend a specified amount of money to a borrower. At any point in time, there could be amounts that have not been advanced on the loan to the borrower, representing unfunded commitments, as well as amounts that have been disbursed but repaid, which are available for re-borrowing under a revolving line of credit. As of March 31, 2014, the Bank had commitments of $57,521,000 relating to revolving lines of credit and unfunded commitments. In addition, as of March 31, 2014, the Bank had approved unfunded new loans in the amount of $43,759,000.

	Commitments to extend credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Commitments generally have fixed expiration dates or other termination clauses and may require the payment of a fee. Since many of the commitments are expected to expire unused, the total Bank’s commitments do not necessarily represent future cash requirements. The Bank evaluates the customer’s creditworthiness on a case-by-case basis. The amount and type of collateral obtained, if deemed necessary by the Bank upon extension of credit, varies and is based on management’s credit evaluation of the counterparty. The Bank did not incur any significant losses on its commitments in the first nine-months of fiscal 2014. In addition, management does not believe the Bank will incur material losses as a result of its outstanding commitments at March 31, 2014.

	The Company provides representations and warranties to counterparties in connection with a variety of commercial transactions and occasionally indemnifies counterparties against potential losses caused by the breach of those representations and warranties. These indemnification obligations generally are standard contractual indemnities and are entered into in the normal course of business. The maximum potential amount of future payments that the Company could be required to make under these indemnities cannot be estimated. However, the Company believes that it is unlikely it will have to make material payments under these arrangements and has not recorded any contingent liability in the consolidated financial statements for these indemnities.

	Southwest Securities is a member of multiple exchanges and clearinghouses. Under the membership agreements, members are generally required to guarantee the performance of other members. Additionally, if a member becomes unable to satisfy its obligations to the clearinghouse, other members would be required to meet shortfalls. To mitigate these performance risks, the exchanges and clearinghouses often require members to post collateral. SWS’s maximum potential liability under these arrangements cannot be quantified. However, the potential for the Company to be required to make payments under these arrangements is unlikely. Accordingly, the Company has not recorded any contingent liability in the consolidated financial statements for these arrangements.

Affiliate_Transactions

Affiliate Transactions	9 Months Ended
Affiliate Transactions	Mar. 31, 2014
Affiliate Transactions [Abstract]	'
Affiliate Transactions	'

	AFFILIATE TRANSACTIONS
	Clients and correspondents of SWS have the option to invest in a savings account called Bank Insured Deposits at the Bank. These funds are FDIC insured up to $250,000. The funds are considered core deposits and are the primary funding source for the Bank. The Bank’s total core deposits were $995,873,000 and $993,871,000 at March 31, 2014 and June 30, 2013, respectively. At March 31, 2014 and June 30, 2013, clients of Southwest Securities had invested $878,261,000 and $878,434,000, respectively, in Bank Insured Deposits at the Bank.

Fair_Value_Of_Financial_Instru

Fair Value Of Financial Instruments	9 Months Ended
Fair Value Of Financial Instruments	Mar. 31, 2014
Fair Value Of Financial Instruments [Abstract]	'
Fair Value Of Financial Instruments	'




	FAIR VALUE OF FINANCIAL INSTRUMENTS
	The Company’s fair value policies are discussed in “Note 1(x). Fair Value of Financial Instruments” in the Notes to the Consolidated Financial Statements in the Fiscal 2013 Form 10-K.

	Recurring Fair Value Measurements.
	The following tables summarize by level within the fair value hierarchy “Loans measured at fair value,” “Securities owned, at fair value,” “Securities available for sale,” “Interest Rate Swaps”, “Securities sold, not yet purchased, at fair value” and “Warrants” which were measured at fair value on a recurring basis at March 31, 2014 and June 30, 2013.



	(in thousands)	Level 1	Level 2	Level 3	Total
	31-Mar-14
	ASSETS
	Loans measured at fair value
	Loans measured at fair value	$ -	$ -	$ 51,295	$ 51,295
		$ -	$ -	$ 51,295	$ 51,295

	Securities owned, at fair value
	Corporate equity securities	$ 668	$ -	$ 475	$ 1,143
	Municipal obligations	-	67,719	-	67,719
	U.S. government and government agency obligations	6,989	77,681	-	84,670
	Corporate obligations	-	96,067	88	96,155
	Other	982	38,300	-	39,282
		$ 8,639	$ 279,767	$ 563	$ 288,969

	Securities available for sale
	Westwood common stock	$ 139	$ -	$ -	$ 139
	U.S. government and government agency obligations	-	531,591	-	531,591
	Municipal obligations	-	43,949	-	43,949
		$ 139	$ 575,540	$ -	$ 575,679

	Interest Rate Swaps
	Interest Rate Swaps	$ -	$ 703	$ -	$ 703
		$ -	$ 703	$ -	$ 703

	LIABILITIES
	Securities sold, not yet purchased, at fair value
	Corporate equity securities	$ 3	$ -	$ -	$ 3
	U.S. government and government agency obligations	87,399	10,550	-	97,949
	Corporate obligations	-	79,508	-	79,508
		$ 87,402	$ 90,058	$ -	$ 177,460

	Warrants
	Warrants	$ -	$ -	$ 31,033	$ 31,033
		$ -	$ -	$ 31,033	$ 31,033

	Net assets (liabilities)	$ (78,624)	$ 765,952	$ 20,825	$ 708,153









	(in thousands)	Level 1	Level 2	Level 3	Total
	30-Jun-13
	ASSETS
	Loans measured at fair value
	Loans measured at fair value	$ -	$ 13,757	$ -	$ 13,757
	$ -	$ 13,757	$ -	$ 13,757

Securities owned, at fair value
Corporate equity securities	$ 895	$ -	$ 625	$ 1,520
Municipal obligations	-	30,116	-	30,116
U.S. government and government agency obligations	3,300	38,229	-	41,529
Corporate obligations	-	127,779	120	127,899
Other	692	7,877	-	8,569
	$ 4,887	$ 204,001	$ 745	$ 209,633

Securities available for sale
Westwood common stock	$ 146	$ -	$ -	$ 146
U.S. government and government agency obligations	-	474,906	-	474,906
Municipal obligations	-	28,224	-	28,224
	$ 146	$ 503,130	$ -	$ 503,276

Interest Rate Swaps
Interest Rate Swaps	$ -	$ 1,934	$ -	$ 1,934
	$ -	$ 1,934	$ -	$ 1,934

LIABILITIES
Securities sold, not yet purchased, at fair value
Municipal obligations	$ -	$ 10	$ -	$ 10
U.S. government and government agency obligations	45,415	8,671	-	54,086
Corporate obligations	-	80,639	-	80,639
	$ 45,415	$ 89,320	$ -	$ 134,735

Warrants
Warrants	$ -	$ -	$ 24,197	$ 24,197
	$ -	$ -	$ 24,197	$ 24,197

Net assets (liabilities)	$ (40,382)	$ 633,502	$ (23,452)	$ 569,668





The following table provides a reconciliation of the beginning and ending balances for the major classes of assets and (liabilities) measured at fair value using significant unobservable inputs (Level 3):



(in thousands)	Loans	Corporate Equity Securities	Corporate Obligations	Warrants	Total
Ending balance at June 30, 2013	$ -	$ 625	$ 120	$ (24,197)	$ (23,452)
Redemption/sale of security		-50	-	-	-50
Unrealized loss		-	-32	-	-32
Decrease in warrants valuation
(unrealized gain)		-	-	1,967	1,967
Ending balance at September 30, 2013	$ -	$ 575	$ 88	$ (22,230)	$ (21,567)
Redemption/sale of security		-75			-75
Unrealized loss	-	-	-8	-	-8
Transfers from Level 2 to Level 3	35,333	-	-	-	35,333
Increase in warrants valuation
(unrealized loss)	-	-	-	-2,058	-2,058
Ending balance at December 31, 2013	$ 35,333	$ 500	$ 80	$ (24,288)	$ 11,625
Redemption/sale of security		-25	-	-	-25
Unrealized gain	173	-	8	-	181
Loan pay downs	-191	-	-	-	-191
Loan originations with the
execution of interest rate swaps	15,980	-	-	-	15,980
Increase in warrants valuation
(unrealized loss)	-	-	-	-6,745	-6,745
Ending balance at March 31, 2014	$ 51,295	$ 475	$ 88	$ (31,033)	$ 20,825

At the end of each respective quarterly reporting period, the Company recognizes transfers of financial instruments between levels. During the nine-months ended March 31, 2014, the Company transferred the loans measured at fair value from level 2 to level 3 due to a lack of observable data to support a level 2 valuation.

Changes in unrealized gains (losses) and realized gains (losses) for corporate obligations and corporate equity securities are presented in net gains on principal transactions on the Consolidated Statements of Comprehensive Loss. Changes in unrealized gain (loss) for the warrants are presented in unrealized gain (loss) on warrants valuation on the Consolidated Statements of Comprehensive Loss. The total unrealized loss included in earnings related to assets and liabilities still held for the three and nine-months ended March 31, 2014 was $6,745,000 and $8,843,000, respectively. The total unrealized gains included in earnings related to assets and liabilities still held for the three and nine-months ended March 31, 2014 was $181,000 and $2,343,000, respectively. In comparison, the total unrealized loss included in earnings related to assets and liabilities still held for the three and nine-months ended March 29, 2013 was $3,840,000 and $264,000, respectively.

In the third quarter of fiscal 2013, the Company sold one municipal auction rate bond and redeemed one auction rate preferred security valued at the time of sale at $20,304,000 and $25,000, respectively, recognizing no gain or loss on the transactions. In the first quarter of fiscal 2013, a total unrealized loss of $702,000, representing a write-down on the municipal auction rate bond, was recognized.




The following table highlights, for each asset and liability measured at fair value on a recurring basis and categorized within Level 3 of the fair value hierarchy, the significant unobservable inputs used in the fair value measurement as of March 31, 2014 (dollars in thousands):



Asset/Liability	Fair Value	Valuation Technique(s)	Unobservable Inputs	Range (Weighted-Average)

Loans measured at fair value
Loans measured at fair value	$ 51,295	Discounted cash flow	Discount Rate	4.15%-5.29%
Loans measured at fair value	$ 51,295	Discounted cash flow	Discount Rate	-4.68%

Securities owned, at fair value
Corporate equity securities- auction rate preferred	475	Analysis of comparable securities	N/A	N/A

Corporate obligations	88	Discounted cash flow	N/A	N/A
Warrants
Warrants	31,033	Binomial Model	Derived Volatility	24% - 33% (30%)

The loans are independently valued quarterly using a discounted cash flow model which factors in the relevant contractual loan terms and then present valued back to a market-based discount rate. The market based discount rate is based on how the subject loans would be priced as of the valuation date and therefore include normal credit loss expectations, given the underlying underwriting standards including loan to value ratio and debt coverage ratios for the subject portfolio. The rate at which the loans are discounted is based upon London Interbank Offered Rate (LIBOR) Bank preferential return and terms of the loan.

At March 31, 2014, the Company held 19 auction rate preferred securities that, based on observed values of comparable securities, were valued at their par value of $475,000. Since June 2010, the Company has held up to $1,825,000 in Level 3 auction rate preferred securities, of which $1,350,000 have been redeemed at par. The remaining $475,000 of auction rate preferred securities are similar to those that were previously redeemed, and the Company anticipates that the remaining securities will also be redeemed at par. While a liquidity discount has been considered for these securities, the Company does not believe a discount is warranted. To the extent these securities are redeemed at a price below par, the Company would consider revaluing any remaining securities at a discounted price.

The Company holds $3,505,000 of corporate obligation bonds currently valued at $88,000. The corporate bonds are valued using a discounted cash flow model with observable market data, however, due to the distressed nature of these bonds, the Company has determined that these bonds should be valued at Level 3.

The warrants issued to Hilltop and Oak Hill are valued quarterly using a binomial model that considers the following variables: price and volatility of the Company’s stock, treasury yield, annual dividend and the remaining life of the warrants. The derived volatility estimate considers both the historical and implied forward volatility of the Company’s common stock. The primary drivers of the value of the warrants are the price and volatility of the Company’s common stock. As the volatility and/or stock price increase, the value of the warrants increase as well. The movement of these two variables will amplify or offset one another depending on the direction and velocity of their movements. In addition, the warrants will lose time value as they near their contractual expiration date.

Non-Recurring Fair Value Measurements.
Certain financial and non-financial instruments are not measured at fair value on an ongoing basis but are subject to fair value measurement in certain circumstances; for example, when there is evidence of impairment or in other situations where the lower of cost or fair value method of accounting is applied.




The following table summarizes by level within the fair value hierarchy the Company’s financial and non-financial instruments which were measured at fair value on a non-recurring basis at March 31, 2014 and June 30, 2013 (in thousands):




Mar-14		Level 1	Level 2	Level 3	Total
Impaired loans (1)		$ -	$ -	$ 9,670	$ 9,670
REO		-	-	5,880	5,880
Impaired servicing assets		-	-	493	493
		$ -	$ -	$ 16,043	$ 16,043

Jun-13
Impaired loans (1)		$ -	$ -	$ 20,086	$ 20,086
REO		-	-	10,165	10,165
		$ -	$ -	$ 30,251	$ 30,251

_____________
(1) Includes certain impaired loans measured at fair value through the allocation of specific valuation allowances or principal charge-offs.

For the nine-months ended March 31, 2014 and the year ended June 30, 2013, adjustments to the fair value of impaired loans resulted in a charge to earnings as a provision for loan loss of $207,000 and $3,718,000, respectively. For the nine-months ended March 31, 2014 and the year ended June 30, 2013, adjustments to the fair value of REO property held at March 31, 2014 and June 30, 2013, respectively, resulted in a charge to earnings as a write-down of REOs of $172,000 and $1,396,000, respectively. For the nine-months ended March 31, 2014, adjustments to the fair value of servicing assets resulted in a charge to earnings as an impairment for servicing assets of $16,000.

Other Fair Value Disclosures.
The Company’s fair value policies for instruments measured at fair value in accordance with the disclosure requirements of ASC 820 “Fair Value Measurements and Disclosures” are discussed in “Note 1(x). Fair Value of Financial Instruments – Other Fair Value Disclosures” in the Notes to the Consolidated Financial Statements in the Fiscal 2013 Form 10-K. The recorded amounts, fair value and level of fair value hierarchy of the Company’s financial instruments at March 31, 2014 and June 30, 2013 were as follows (in thousands):



		31-Mar-14			30-Jun-13
	Level	Recorded Value	Fair Value		Recorded Value	Fair Value
Financial assets:
Cash and cash equivalents	1	$ 87,763	$ 87,763		$ 111,046	$ 111,046
Restricted cash and cash equivalents	1	-	-		30,047	30,047

Securities held to maturity:
GNMA securities	2	13,553	13,899		17,423	17,965
Loans, net:
Purchase mortgage loans held for investment	3	72,546	72,429		174,037	173,738
Other loans held for investment	3	434,200	488,171		420,789	437,916
Servicing assets	3	493	493		412	414

Financial liabilities:
Short-Term Borrowings	1	50,000	50,000		131,500	131,500
Deposits:
Deposits with no stated maturity	2	968,519	952,991		963,385	959,578
Time deposits	2	27,082	27,309		30,334	30,736
Advances from FHLB	2	92,430	93,888		97,565	100,408
Long-term debt	3	86,537	97,165		83,102	86,822

Receivable_From_And_Payable_To1

Receivable From And Payable To Brokers, Dealers And Clearing Organizations (Tables)	9 Months Ended
	Mar. 31, 2014
Receivable From And Payable To Brokers, Dealers And Clearing Organizations [Abstract]	'
Receivable From And Payable To Brokers, Dealers And Clearing Organizations	'


		31-Mar-14	30-Jun-13
	Receivable:
	Securities failed to deliver	$ 22,508	$ 9,708
	Securities borrowed	1,779,143	1,546,376
	Correspondent broker/dealers	22,076	45,435
	Clearing organizations	38,772	25,285
	Other	6,739	71,670
		$ 1,869,238	$ 1,698,474

	Payable:
	Securities failed to receive	$ 28,213	$ 39,024
	Securities loaned	1,711,638	1,471,319
	Correspondent broker/dealers	13,662	16,352
	Other	42,298	6,276
		$ 1,795,811	$ 1,532,971



Securities Borrowed And Loaned, Offset And Not Offset In Statement Of Financial Position	'



	31-Mar-14
	(in thousands)				Gross amounts not offset in the statement of financial position
	Description	Gross amounts	Gross amounts	Net amounts of	Financial instruments	Cash collateral	Net amount
		of recognized	offset in the	assets presented in the statement of
		assets/	statement of	financial position
		liabilities	financial position
	Securities Borrowed	$ 1,779,143	$ -	$ 1,779,143	$ (1,778,243)	$ -	$ 900
	Securities Loaned (1)	1,711,638	-	1,711,638	-1,711,638	-	-




	30-Jun-13
	(in thousands)				Gross amounts not offset in the statement of financial position
	Description	Gross amounts	Gross amounts	Net amounts of	Financial instruments	Cash collateral	Net amount
		of recognized	offset in the	assets presented in the statement of
		assets/	statement of	financial position
		liabilities	financial position
	Securities Borrowed	$ 1,546,376	$ -	$ 1,546,376	$ (1,546,376)	$ -	$ -
	Securities Loaned (1)	1,471,319	-	1,471,319	-1,471,319	-	-

	____________________
	(1) Under securities lending agreements, SWS had repledged $1,679,444,000 and $1,452,911,000 at March 31, 2014 and June 30, 2013, respectively.

Loans_And_Allowance_For_Probab1

Loans And Allowance For Probable Loan Losses (Tables)	9 Months Ended
Loans And Allowance For Probable Loan Losses (Tables)	Mar. 31, 2014
Loans And Allowance For Probable Loan Losses [Abstract]	'
Summary Of Loans Receivable	'


		31-Mar-14		30-Jun-13
	Loans measured at fair value:
	Commercial real estate	$ 9,897		$ 2,662
	Multifamily	41,398		11,095
		51,295		13,757
	Other loans receivable:
	Residential construction	785		1,367
	Lot and land development	5,955		8,988
	1-4 family	164,979		233,947
	Commercial real estate	178,444		213,452
	Multifamily	92,300		88,738
	Commercial loans	69,709		58,718
	Consumer loans	2,666		1,959
		514,838		607,169
		566,133		620,926
	Allowance for probable loan losses	-8,092		-12,343
		$ 558,041		$ 608,583


Analysis of Allowance for Probable Loan Losses and Recorded Investment in Loans Receivable	'



		Three-Months Ended
		31-Mar-14
		Residential Construction	Lot and	1-4 Family	Commercial Real Estate	Multifamily	Commercial	Consumer	Total
		Residential Construction	Land Development	1-4 Family	Commercial Real Estate	Multifamily	Commercial	Consumer	Total

	Allowance for credit losses:
	Balance at beginning of period	$ 6	$ 124	$ 1,319	$ 3,069	$ 2,893	$ 2,018	$ 19	$ 9,448
	Charge-offs	-	-	-189	-	-	-	-	-189
	Recoveries	14	102	26	266	-	3	-	411
	Net recoveries (charge-offs)	14	102	-163	266	-	3	-	222
	(Recapture) provision charged
	to operations	-19	-178	715	-1,453	-409	-229	-5	-1,578
	Balance at end of period	$ 1	$ 48	$ 1,871	$ 1,882	$ 2,484	$ 1,792	$ 14	$ 8,092
	Ending balance: individually
	evaluated for impairment	$ -	$ -	$ 177	$ 129	$ -	$ 149	$ -	$ 455
	Ending balance: collectively
	evaluated for impairment	$ 1	$ 48	$ 1,694	$ 1,753	$ 2,484	$ 1,643	$ 14	$ 7,637

	Financing receivables:
	Balance at end of period	$ 785	$ 5,955	$ 164,979	$ 178,444	$ 92,300	$ 69,709	$ 2,666	$ 514,838
	Ending balance: individually
	evaluated for impairment	$ 564	$ 930	$ 6,552	$ 7,687	$ -	$ 4,347	$ -	$ 20,080
	Ending balance: collectively
	evaluated for impairment	$ 221	$ 5,025	$ 158,427	$ 170,757	$ 92,300	$ 65,362	$ 2,666	$ 494,758






		Three-Months Ended
		31-Mar-13
		Residential Construction	Lot and	1-4 Family	Commercial Real Estate	Multifamily	Commercial	Consumer	Total
		Residential Construction	Land Development	1-4 Family	Commercial Real Estate	Multifamily	Commercial	Consumer	Total

	Allowance for credit losses:
	Balance at beginning of period	$ 135	$ 674	$ 2,759	$ 7,768	$ 1,831	$ 5,464	$ 6	$ 18,637
	Charge-offs	-	-	-	-	-	-51	-	-51
	Recoveries	8	5	19	109	-	34	5	180
	Net recoveries (charge-offs)	8	5	19	109	-	-17	5	129
	(Recapture) provision charged to
	operations	-24	-157	-1,090	-2,607	5,445	-1,563	-4	-
	Balance at end of period	$ 119	$ 522	$ 1,688	$ 5,270	$ 7,276	$ 3,884	$ 7	$ 18,766
	Ending balance: individually
	evaluated for impairment	$ 23	$ 254	$ 383	$ 1,159	$ -	$ 2,090	$ -	$ 3,909
	Ending balance: collectively
	evaluated for impairment	$ 96	$ 268	$ 1,305	$ 4,111	$ 7,276	$ 1,794	$ 7	$ 14,857

	Financing receivables:
	Balance at end of period	$ 2,167	$ 10,221	$ 265,631	$ 242,721	$ 75,468	$ 62,887	$ 1,602	$ 660,697
	Ending balance: individually
	evaluated for impairment	$ 619	$ 2,761	$ 10,611	$ 14,049	$ -	$ 4,619	$ -	$ 32,659
	Ending balance: collectively
	evaluated for impairment	$ 1,548	$ 7,460	$ 255,020	$ 228,672	$ 75,468	$ 58,268	$ 1,602	$ 628,038





		Nine-Months Ended
31-Mar-14
		Residential Construction	Lot and	1-4 Family	Commercial Real Estate	Multifamily	Commercial	Consumer	Total
	Land Development	Residential Construction		1-4 Family	Commercial Real Estate	Multifamily	Commercial	Consumer	Total

Allowance for credit losses:
Balance at beginning of period	$ 49	$ 374	$ 1,528	$ 3,290	$ 3,567	$ 3,530	$ 5	$ 12,343
Charge-offs	-	-4	-286	-51	-	-67	-	-408
Recoveries	77	112	87	705	-	45	-	1,026
Net recoveries (charge-offs)	77	108	-199	654	-	-22	-	618
(Recapture) provision charged
to operations	-125	-434	542	-2,062	-1,083	-1,716	9	-4,869
Balance at end of period	$ 1	$ 48	$ 1,871	$ 1,882	$ 2,484	$ 1,792	$ 14	$ 8,092




	Nine-Months Ended
	31-Mar-13
	Residential Construction	Lot and	1-4 Family	Commercial Real Estate	Multifamily	Commercial	Consumer	Total
	Residential Construction	Land Development	1-4 Family	Commercial Real Estate	Multifamily	Commercial	Consumer	Total

Allowance for credit losses:
Balance at beginning of period	$ 350	$ 1,310	$ 3,235	$ 10,628	$ 2,866	$ 4,004	$ 9	$ 22,402
Charge-offs	-	-182	-163	-1,113	-	-1,659	-	-3,117
Recoveries	44	192	88	192	-	405	10	931
Net recoveries (charge-offs)	44	10	-75	-921	-	-1,254	10	-2,186
(Recapture) provision charged to
operations	-275	-798	-1,472	-4,437	4,410	1,134	-12	-1,450
Balance at end of period	$ 119	$ 522	$ 1,688	$ 5,270	$ 7,276	$ 3,884	$ 7	$ 18,766


Loans Receivable on Non-Accrual Status	'


		31-Mar-14		30-Jun-13
	Residential construction	$ 560		$ 601
	Lot and land development	927		2,418
	1-4 family	5,724		7,792
	Commercial real estate	3,303		7,611
	Commercial loans	3,874		4,024
		$ 14,388		$ 22,446


Recorded Investment and Unpaid Principal Balance for Impaired Loans by Type and Related Allowance, Average Recorded Investment and Interest Income Recognized	'


		Recorded Investment(1)		Unpaid Principal Balance(1)		Related Allowance		Average Recorded Investment(2)		Interest Income Recognized(3)
	31-Mar-14
	With no related allowance recorded:
	Residential construction	$ 564		$ 742		$ -		$ 460		$ -
	Lot and land development	930		1,200		-		139		-
	1-4 family	5,197		6,975		-		5,509		6
	Commercial real estate	5,017		5,136		-		6,244		182
	Commercial loans	3,933		3,984		-		4,141		8
		15,641		18,037		-		16,493		196







		Recorded Investment(1)		Unpaid Principal Balance(1)		Related Allowance		Average Recorded Investment(2)		Interest Income Recognized(3)
	31-Mar-14
	With an allowance recorded:
	Residential construction	$ -		$ -		$ -		$ 119		$ -
	Lot and land development	-		-		-		1,247		-
	1-4 family	1,355		1,429		177		2,330		28
	Commercial real estate	2,670		3,757		129		2,052		-
	Commercial loans	414		488		149		2,191		16
		4,439		5,674		455		7,939		44




	31-Mar-14
	Total
	Residential construction	$ 564		$ 742		$ -		$ 579		$ -
	Lot and land development	930		1,200		-		1,386		-
	1-4 family	6,552		8,404		177		7,839		34
	Commercial real estate	7,687		8,893		129		8,296		182
	Commercial loans	4,347		4,472		149		6,332		24
		$ 20,080		$ 23,711		$ 455		$ 24,432		$ 240






	30-Jun-13
	With no related allowance recorded:
	Residential construction	$ 383		$ 471		$ -		$ 438		$ -
	Lot and land development	102		324		-		807		-
	1-4 family	5,818		7,712		-		7,674		17
	Commercial real estate	9,006		12,239		-		7,785		167
	Commercial loans	4,430		5,092		-		1,582		26
		19,739		25,838		-		18,286		210






		Recorded Investment(1)		Unpaid Principal Balance(1)		Related Allowance		Average Recorded Investment(2)		Interest Income Recognized(3)
	30-Jun-13
	With an allowance recorded:
	Residential construction	$ 222		$ 283		$ 23		$ 191		$ -
Lot and land development	2,326		2,543		233		1,879		-
1-4 family	3,543		3,870		178		6,398		67
Commercial real estate	3,265		4,188		105		10,048		15
Commercial loans	3,037		3,032		2,090		2,288		129
	12,393		13,916		2,629		20,804		211




30-Jun-13
Total
Residential construction	$ 605		$ 754		$ 23		$ 629		$ -
Lot and land development	2,428		2,867		233		2,686		-
1-4 family	9,361		11,582		178		14,072		84
Commercial real estate	12,271		16,427		105		17,833		182
Commercial loans	7,467		8,124		2,090		3,870		155
	$ 32,132		$ 39,754		$ 2,629		$ 39,090		$ 421


____________________
	-1		The difference between the unpaid principal balance and the recorded investment of impaired loans with no related allowance recorded is primarily comprised of partial charge-offs that were previously recognized.
	-2		Represents the average recorded investment for the nine-months ended March 31, 2014 and the twelve-months ended June 30, 2013, respectively.
	-3		Represents interest income recognized on impaired loans for the nine-months ended March 31, 2014 and the twelve-months ended June 30, 2013, respectively.

Summary of Overall Quality of the Bank's Financing Receivables, Excluding Loans Held For Sale	'



		Pass		Special Mention(1)		Substandard(2)		Total

	31-Mar-14
	Loans measured at fair value:
	Commercial real estate	$ 9,897		$ -		$ -		$ 9,897
	Multifamily	41,398		-		-		41,398
		51,295		-		-		51,295
	Other loans receivable:
	Residential construction	225		-		560		785
	Lot and land development	4,711		-		1,244		5,955
	1-4 family	158,990		-		5,989		164,979
	Commercial real estate	150,756		4,540		23,148		178,444
	Multifamily	92,300		-		-		92,300
	Commercial loans	62,826		2,782		4,101		69,709
	Consumer loans	2,666		-		-		2,666
		472,474		7,322		35,042		514,838
		$ 523,769		$ 7,322		$ 35,042		$ 566,133



		Pass		Special Mention(1)		Substandard(2)		Total

	30-Jun-13
	Loans measured at fair value:
	Commercial real estate	$ 2,662		$ -		$ -		$ 2,662
	Multifamily	11,095		-		-		11,095
		13,757		-		-		13,757
	Other loans receivable:
	Residential construction	766		-		601		1,367
	Lot and land development	5,605		-		3,383		8,988
	1-4 family	225,434		234		8,279		233,947
	Commercial real estate	171,085		7,631		34,736		213,452
	Multifamily	88,046		-		692		88,738
	Commercial loans	47,680		1,324		9,714		58,718
	Consumer loans	1,959		-		-		1,959
		540,575		9,189		57,405		607,169
		$ 554,332		$ 9,189		$ 57,405		$ 620,926

	____________________
		-1		These loans are currently protected by the current sound worth and paying capacity of the obligor, but have a potential weakness that would create a higher credit risk.
		-2		These loans exhibit well-defined weaknesses that could jeopardize the ultimate collection of all or part of the debt. Substandard loans are inadequately protected by the current sound worth and paying capacity of the obligor or of the collateral pledged. They are characterized by the distinct possibility that the Bank will sustain some loss if the deficiencies are not corrected. Loss potential, while existing in the aggregate for substandard assets, does not have to exist in individual assets classified as “Substandard.”

Age of Bank's Past due Financing Receivables	'


		30-59 Days Past Due		60-89 Days Past Due		90 Days and Greater Past Due		Total Past Due		Current		Total Financing Receivables		Recorded Investment > 90 Days and Accruing
	31-Mar-14
	Loans measured at fair value:
	Commercial real estate	$ -		$ -		$ -		$ -		$ 9,897		$ 9,897		$ -
	Multifamily	-		-		-		-		41,398		41,398		-
		-		-		-		-		51,295		51,295		-
	Other loans receivable:
	Residential construction	-		-		-		-		785		785		-
	Lot and land development	16		112		14		142		5,813		5,955		-
	1-4 family	2,308		-		816		3,124		161,855		164,979		-
	Commercial real estate	5,005		907		523		6,435		172,009		178,444		-
	Multifamily	-		-		-		-		92,300		92,300		-
	Commercial loans	394		-		3,676		4,070		65,639		69,709		-
	Consumer loans	3		-		-		3		2,663		2,666		-
		7,726		1,019		5,029		13,774		501,064		514,838		-
		$ 7,726		$ 1,019		$ 5,029		$ 13,774		$ 552,359		$ 566,133		$ -



		30-59 Days Past Due		60-89 Days Past Due		90 Days and Greater Past Due		Total Past Due		Current		Total Financing Receivables		Recorded Investment > 90 Days and Accruing
	30-Jun-13
	Loans measured at fair value:
	Commercial real estate	$ -		$ -		$ -		$ -		$ 2,662		$ 2,662		$ -
	Multifamily	-		-		-		-		11,095		11,095		-
		-		-		-		-		13,757		13,757		-
	Other loans receivable:
	Residential construction	-		-		-		-		1,367		1,367		-
	Lot and land development	173		370		80		623		8,365		8,988		-
	1-4 family	914		234		2,816		3,964		229,983		233,947		-
	Commercial real estate	1,396		1,153		4,826		7,375		206,077		213,452		-
	Multifamily	692		-		-		692		88,046		88,738		-
	Commercial loans	750		3,812		135		4,697		54,021		58,718		-
	Consumer loans	-		-		-		-		1,959		1,959		-
		3,925		5,569		7,857		17,351		589,818		607,169		-
		$ 3,925		$ 5,569		$ 7,857		$ 17,351		$ 603,575		$ 620,926		$ -


Recorded Investment in Loans Modified in TDRs	'


			31-Mar-14		30-Jun-13
	Residential construction		$ 564		$ 605
	Lot and land development		916		4,927
	1-4 family		5,533		7,690
	Commercial real estate		7,104		4,574
	Commercial		708		497
			$ 14,825		$ 18,293



Financial Effects of Loan Modifications Accounted for as TDRs	'


			Three-Months Ended						Nine-Months Ended
			31-Mar-14						31-Mar-14
			Number of Contracts		Pre-Modification Outstanding Recorded Investment		Post-Modification Outstanding Recorded Investment(1)		Number of Contracts		Pre-Modification Outstanding Recorded Investment		Post-Modification Outstanding Recorded Investment(1)
	1-4 family		3		$ 212		$ 212		3		$ 212		$ 212
	Commercial real estate		3		3,991		3,991		3		3,991		3,991
	Commercial		-		-		-		1		168		168
			6		$ 4,203		$ 4,203		7		$ 4,371		$ 4,371



			Three-Months Ended						Nine-Months End
			31-Mar-13						31-Mar-13
			Number of Contracts		Pre-Modification Outstanding Recorded Investment		Post-Modification Outstanding Recorded Investment(1)		Number of Contracts		Pre-Modification Outstanding Recorded Investment		Post-Modification Outstanding Recorded Investment(1)
	Residential construction		-		$ -		$ -		4		$ 648		$ 648
	Lot and land development		2		514		514		9		3,742		3,742
	1-4 family		3		361		361		8		1,669		1,656
	Commercial real estate		1		278		278		3		374		374
	Commercial		-		-		-		1		213		213
			6		$ 1,153		$ 1,153		25		$ 6,646		$ 6,633
	____________
	(1) Post-modification balances include direct charge-offs recorded at the time of modification.

The Type and the Post Modification Outstanding Recorded Investment of Loan modifications Made for TDRs	'


			Amount of TDR Loan Modifications
	Type of Modification		Three-Months Ended		Nine-Months Ended
	Type of Modification		31-Mar-14		31-Mar-14
	Maturity date extension		$ 103		$ 103
	Rescheduled future cash flows		3,991		4,159
	Combination of maturity date extension
	and reduction of the stated interest rate		109		109
			$ 4,203		$ 4,371



			Amount of TDR Loan Modifications
	Type of Modification		Three-Months Ended		Nine-Months Ended
	Type of Modification		31-Mar-13		31-Mar-13
	Maturity date extension		$ 249		$ 363
	Reduction of the stated interest rate		-		60
	Rescheduled future cash flows		278		983
	Combination of maturity date extension
	and rescheduling of future cash flows		350		2,996
	Combination of maturity date extension
	and reduction of the stated interest rate		-		26
	Combination of maturity date extension,
	reduction of the stated interest rate,
	and rescheduling of future cash flows		84		2,013
	Combination of reduction of the stated interest rate
	and rescheduling of future cash flows		192		192
			$ 1,153		$ 6,633


Loan Modifications Accounted for as TDRs Within the Previous 12 Months that Subsequently Defaulted	'


			Three-Months Ended				Nine-Months Ended
			31-Mar-14				31-Mar-14
			Number of Contracts		Recorded Investment		Number of Contracts		Recorded Investment
	1-4 family		-		$ -		2		$ 272



			Three-Months Ended				Nine-Months Ended
			31-Mar-13				31-Mar-13
			Number of Contracts		Recorded Investment		Number of Contracts		Recorded Investment
	1-4 family		2		$ 658		2		$ 658


Summary Of Unamortized Cost, Gross Unrealized Gains And Losses And The Fair Value Of Loans Measured At Fair Value	'


				Gross		Gross
		Amortized		Unrealized		Unrealized		Fair
		Cost		Gains (1)		Losses (1)		Value
	31-Mar-14
	Commercial real estate	$ 9,875		$ 80		$ (58)		$ 9,897
	Multifamily	41,197		246		-45		41,398
		$ 51,072		$ 326		$ (103)		$ 51,295




				Gross
		Amortized		Unrealized		Fair
		Cost		Losses (1)		Value
	30-Jun-13
	Commercial real estate	$ 2,787		$ (125)		$ 2,662
	Multifamily	11,115		-20		11,095
		$ 13,902		$ (145)		$ 13,757
	____________
	(1) Unrealized gains (losses) are recorded in other revenues on the Consolidated Statements of Comprehensive Loss.

Securities_Owned_And_Securitie1

Securities Owned And Securities Sold, Not Yet Purchased (Tables)	9 Months Ended
	Mar. 31, 2014
Securities Owned And Securities Sold, Not Yet Purchased [Abstract]	'
Securities Owned And Securities Sold, Not Yet Purchased	'


		31-Mar-14	30-Jun-13
	Securities owned:
	Corporate equity securities	$ 1,143	$ 1,520
	Municipal obligations	67,719	30,116
	U.S. government and government agency obligations	84,670	41,529
	Corporate obligations	96,155	127,899
	Other	39,282	8,569
		$ 288,969	$ 209,633

	Securities sold, not yet purchased:
	Corporate equity securities	$ 3	$ -
	Municipal obligations	-	10
	U.S. government and government agency obligations	97,949	54,086
	Corporate obligations	79,508	80,639
		$ 177,460	$ 134,735

Securities_Held_To_Maturity_Ta

Securities Held To Maturity (Tables)	9 Months Ended
Securities Held To Maturity (Tables)	Mar. 31, 2014
Securities Held To Maturity [Abstract]	'
Schedule Of Held To Maturity Securities	'


		31-Mar-14	30-Jun-13

	Government National Mortgage
	Association ("GNMA") Securities	$ 13,553	$ 17,423



Schedule Of Amortized Cost And Estimated Fair Value Of Securities Held To Maturity	'


		Securities Held to Maturity
		Amortized Cost	Fair Value	Unrecognized Holding gain

	Due after ten years	$ 13,553	$ 13,899	$ 346

Securities_Purchased_Sold_Unde1

Securities Purchased /Sold Under Agreements To Resell/Repurchase (Tables)	9 Months Ended
	Mar. 31, 2014
Securities Purchased /Sold Under Agreements To Resell/Repurchase [Abstract]	'
Reverse Repurchase Agreements And Repurchase Agreements	'



	31-Mar-14
	(in thousands)				Gross amounts not offset in the statement of financial position
	Description	Gross amounts	Gross amounts	Net amounts of	Financial instruments	Cash collateral	Net amount
		of recognized	offset in the	assets presented in the statement of
		assets/	statement of	financial position
		liabilities	financial position
	Reverse
	Repurchase
	Agreements	$ 97,504	$ -	$ 97,504	$ (97,416)	$ -	$ 88
	Repurchase
	Agreements	69,961	-	69,961	-69,628	-	333



	30-Jun-13
	(in thousands)				Gross amounts not offset in the statement of financial position
	Description	Gross amounts	Gross amounts	Net amounts of	Financial instruments	Cash collateral	Net amount
		of recognized	offset in the	assets presented in the statement of
		assets/	statement of	financial position
		liabilities	financial position
	Reverse
	Repurchase
	Agreements	$ 51,996	$ -	$ 51,996	$ (51,808)	$ -	$ 188
	Repurchase
	Agreements	37,012	-	37,012	-37,012	-	-

Securities_Available_For_Sale_

Securities Available For Sale (Tables)	9 Months Ended
Securities Available For Sale (Tables)	Mar. 31, 2014
Securities Available For Sale [Abstract]	'
Cost Of Equity Securities, Amortized Cost Of Debt Securities And Market Value of Investments	'



			Original/	Gross	Gross	Gross
		Shares	Amortized	Unrealized	Unrealized	Realized	Market
		Held	Cost	Gains	Losses	Losses	Value
	Mar-14
	Westwood common stock	2,219	$ 7	$ 222	$ -	$ (90)	$ 139
	Municipal obligations	N/A	44,454	173	-678	-	43,949
	Continuous unrealized loss less than
	12 months:
	U.S. government and government
	agency obligations	N/A	507,461	350	-10,415	-	497,396
	Continuous unrealized loss for 12
	months or greater:
	U.S. government and government
	agency obligations	N/A	35,597	-	-1,402	-	34,195
			$ 587,519	$ 745	$ (12,495)	$ (90)	$ 575,679




			Original/	Gross	Gross	Gross
		Shares	Amortized	Unrealized	Unrealized	Realized	Market
		Held	Cost	Gains	Losses	Losses	Value
	Jun-13
	Westwood common stock	3,405	$ 7	$ 170	$ -	$ (31)	$ 146
	Continuous unrealized loss less than
	12 months:
	U.S. government and government
	agency obligations	N/A	479,970	138	-9,239	-	470,869
	Municipal obligations	N/A	29,289	-	-1,065	-	28,224
	Continuous unrealized loss for 12
	months or greater:
	U.S. government and government
	agency obligations	N/A	4,127	-	-90	-	4,037
			$ 513,393	$ 308	$ (10,394)	$ (31)	$ 503,276

Investments_And_Variable_Inter1

Investments And Variable Interest Entities (Tables)	9 Months Ended
Investments And Variable Interest Entities (Tables)	Mar. 31, 2014
Investments And Variable Interest Entities [Abstract]	'
Carrying Amount And Maximum Exposure To Loss Associated With The Company's Variable Interests In Unconsolidated VIEs	'


		31-Mar-14			30-Jun-13
		Number of VIEs	Carrying Amount of Assets	Maximum Exposure to Loss	Number of VIEs	Carrying Amount of Assets	Maximum Exposure to Loss

	Loans to commercial
	borrowers	11	$ 5,598	$ 4,277	17	$ 10,639	$ 9,072

Deposits_Tables

Deposits (Tables)	9 Months Ended
Deposits (Tables)	Mar. 31, 2014
Deposits [Abstract]	'
Bank Core Deposits	'


		31-Mar-14			30-Jun-13
		Amount	Percent		Amount	Percent

	Noninterest bearing demand accounts	$ 58,242	5.8	%	$ 55,221	5.5	%
	Interest bearing demand accounts	8,993	0.9		7,723	0.8
	Savings accounts	883,823	88.8		883,229	88.9
	Limited access money market accounts	17,461	1.8		17,212	1.7
	Certificates of deposit, less than $100,000	16,015	1.6		17,829	1.8
	Certificates of deposit, $100,000 and greater	11,067	1.1		12,505	1.3
		$ 995,601	100.0	%	$ 993,719	100.0	%



Scheduled Maturities Of Certificates of Deposit	'


		1 Year or Less		> 1 Year Through 2 Years	> 2 Years Through 3 Years		> 3 Years Through 4 Years	Thereafter	Total
	Certificates of deposit, less than $100,000	$ 13,057		$ 1,877	$ 379		$ 337	$ 365	$ 16,015
	Certificates of deposit, $100,000 and greater	9,159		1,343	463		102	-	11,067
		$ 22,216		$ 3,220	$ 842		$ 439	$ 365	$ 27,082

Advances_From_The_Federal_Home1

Advances From The Federal Home Loan Bank (Tables)	9 Months Ended
Advances From The Federal Home Loan Bank (Tables)	Mar. 31, 2014
Advances From The Federal Home Loan Bank [Abstract]	'
Advances From The Federal Home Loan Bank	'


		31-Mar-14	30-Jun-13
	Maturity:
	Due in one year	$ 10,127	$ 15,486
	Due in two years	4,620	1,859
	Due in five years	52,018	48,956
	Due in seven years	12,195	12,809
	Due in ten years	4,710	8,424
	Due in twenty years	8,858	10,163
		92,528	97,697
	Restructuring prepayment penalty	-98	-132
		$ 92,430	$ 97,565

Income_Taxes_Tables

Income Taxes (Tables)	9 Months Ended
Income Taxes (Tables)	Mar. 31, 2014
Income Taxes [Abstract]	'
Summary Of Income Tax Expense (Benefit)	'


		Three-Months Ended		Nine-Months Ended
		31-Mar-14	29-Mar-13	31-Mar-14	29-Mar-13
	Income tax benefit at the statutory rate	$ (2,860)	$ (3,344)	$ (2,361)	$ (1,042)
	Tax exempt interest	-293	-220	-759	-724
	Tax exempt income from company-owned
	life insurance ("COLI")	-31	-277	-564	-384
	State income taxes, net of federal tax benefit	77	-66	65	-415
	Non-deductible meals and entertainment	23	77	88	156
	Non-deductible compensation	58	247	104	763
	Valuation allowance	3,546	-256	3,390	-256
	Other, net	66	1	64	-83
		$ 586	$ (3,838)	$ 27	$ (1,985)



Schedule Of Tax Effects Of Temporary Differences That Give Rise To Deferred Tax Assets And Deferred Tax Liabilities	'


		31-Mar-14	30-Jun-13
	Deferred tax assets:
	Employee compensation plans	$ 10,102	$ 11,378
	Net operating loss carryforward	11,940	10,507
	Allowance for probable loan losses	2,673	3,400
	Securities available for sale	4,190	3,589
	Bad debt reserve	1,871	2,177
	Deferred rent	1,912	1,631
	State taxes	909	909
	Investment in unconsolidated ventures	994	909
	Deferred income on loans	772	810
	REO	431	139
	Long-term debt	2,538	-
	Other	911	513
	Gross deferred tax assets	39,243	35,962
	Valuation allowance	-34,195	-30,870
	Net deferred tax assets	5,048	5,092

	Deferred tax liabilities:
	Interest rate swaps in cash flow hedging relationships	$ (123)	$ (626)
	Fixed assets, net	-196	-426
	Investment in unconsolidated ventures	-	-120
	Long-term debt	-	-82
	Other	-539	-249
	Total gross deferred tax liabilities	-858	-1,503
	Net deferred tax assets – included in other assets on the
	Consolidated Statements of Financial Condition	$ 4,190	$ 3,589

Regulatory_Capital_Requirement1

Regulatory Capital Requirements (Tables)	9 Months Ended
Regulatory Capital Requirements (Tables)	Mar. 31, 2014
The Bank's Capital Amounts and Ratios	'


			Actual				For Capital Adequacy Purposes			To Be Well Capitalized Under Prompt Corrective Action Provisions
			Amount	Ratio			Amount	Ratio		Amount	Ratio
	31-Mar-14
	Total risk-based capital		$ 184,452	27.4	%		$ 53,934	8.0	%	$ 67,418	10.0	%
	Tier I risk-based capital		176,360	26.2			26,967	4.0		40,451	6.0
	Tier I (core) capital		176,360	13.9			50,819	4.0		63,524	5.0

			Actual				For Capital Adequacy Purposes			To Be Well Capitalized Under Prompt Corrective Action Provisions
			Amount	Ratio			Amount	Ratio		Amount	Ratio
	30-Jun-13
	Total risk-based capital		$ 181,909	24.9	%		$ 58,465	8.0	%	$ 73,081	10.0	%
	Tier I risk-based capital		172,734	23.6			29,233	4.0		43,849	6.0
	Tier I (core) capital		172,734	13.5			51,081	4.0		63,851	5.0



Southwest Securities [Member]	'
Net Capital Position	'


		31-Mar-14			30-Jun-13

	Net capital	$ 148,201			$ 141,112
	Less: required net capital	6,747			6,843
	Excess net capital	$ 141,454			$ 134,269
	Net capital as a percent of aggregate debit items	43.9	%		41.2	%
	Net capital in excess of 5% aggregate debit items	$ 131,334			$ 124,005



SWS Financial Services, Inc. [Member]	'
Net Capital Position	'


		31-Mar-14			30-Jun-13

	Net capital	$ 935			$ 713
	Less: required net capital	250			250
	Excess net capital	$ 685			$ 463

Interest_Income_And_Interest_E1

Interest Income And Interest Expense (Tables)	9 Months Ended
Interest Income And Interest Expense (Tables)	Mar. 31, 2014
Interest Income And Interest Expense [Abstract]	'
Interest Income And Interest Expense	'

		For the Three-Months Ended		For the Nine-Months Ended
		Mar-14	Mar-13	Mar-14	Mar-13

	Interest income:
	Customer margin accounts	$ 2,185	$ 1,997	$ 6,683	$ 6,276
	Assets segregated for regulatory purposes	31	30	96	90
	Stock borrowed	9,372	8,756	26,115	25,502
	Loans	6,255	8,519	20,023	29,633
	Bank investments	2,971	1,688	8,383	4,921
	Other	1,459	1,810	4,201	6,274
		$ 22,273	$ 22,800	$ 65,501	$ 72,696

	Interest expense:
	Customer funds on deposit	$ 26	$ 60	$ 93	$ 173
	Stock loaned	7,130	6,571	19,885	18,854
	Deposits	86	102	271	372
	Federal Home Loan Bank	610	627	1,927	2,060
	Long-term debt	3,310	3,147	9,804	9,332
	Other	652	794	2,331	2,537
		11,814	11,301	34,311	33,328
	Total net interest revenue	$ 10,459	$ 11,499	$ 31,190	$ 39,368

Loss_Per_Share_EPS_Tables

Loss Per Share ("EPS") (Tables)	9 Months Ended
Loss Per Share ("EPS") (Tables)	Mar. 31, 2014
Loss Per Share ("EPS") [Abstract]	'
Summary of Basic and Diluted EPS Computations	'


		Three-Months Ended		Nine-Months Ended
		31-Mar-14	29-Mar-13	31-Mar-14	29-Mar-13

	Adjusted net loss	$ (8,757)	$ (5,718)	$ (6,774)	$ (993)

	Weighted average shares outstanding – basic	33,020,499	32,896,805	32,987,933	32,857,860
	Effect of dilutive securities	-	-	-	-
	Weighted average shares outstanding – diluted	33,020,499	32,896,805	32,987,933	32,857,860

	Loss per share – basic
	Net loss	$ (0.27)	$ (0.17)	$ (0.21)	$ (0.03)

	Loss per share – diluted
	Net loss	$ (0.27)	$ (0.17)	$ (0.21)	$ (0.03)

Segment_Reporting_Tables

Segment Reporting (Tables)	9 Months Ended
Segment Reporting (Tables)	Mar. 31, 2014
Segment Reporting [Abstract]	'
Summary Of Operating Information By Segments	'



		UNAUDITED FINANCIAL INFORMATION
	(in thousands)	Clearing	Retail Brokerage	Institutional Brokerage	Banking	Other Consolidated Entities	Consolidated SWS Group, Inc.
	Three-months ended
	31-Mar-14

	Operating revenue	$ 3,567	$ 26,902	$ 25,060	$ (235)	$ (79)	$ 55,215
	Net intersegment revenues	-185	185	-5	792	-787	-
	Net interest revenue	1,551	820	2,789	8,530	-3,231	10,459
	Net revenues	5,118	27,722	27,849	8,295	-3,310	65,674
	Non-interest expenses	4,139	25,367	21,763	6,228	9,603	67,100
	Other losses	-	-	-	-	-6,745	-6,745
	Depreciation and amortization	5	200	76	357	717	1,355
	Net income (loss) before taxes	979	2,355	6,086	2,067	-19,658	-8,171

	Three-months ended
	29-Mar-13

	Operating revenue	$ 3,060	$ 26,982	$ 23,329	$ 1,062	$ 822	$ 55,255
	Net intersegment revenues	-182	176	-74	846	-766	-
	Net interest revenue	1,451	815	2,836	9,478	-3,081	11,499
	Net revenues	4,511	27,797	26,165	10,540	-2,259	66,754
	Non-interest expenses	5,128	27,489	21,334	9,354	9,165	72,470
	Other losses	-	-	-	-	-3,840	-3,840
	Depreciation and amortization	16	220	104	442	580	1,362
	Net income (loss) before taxes	-617	308	4,831	1,186	-15,264	-9,556








		UNAUDITED FINANCIAL INFORMATION
	(in thousands)	Clearing	Retail Brokerage	Institutional Brokerage	Banking	Other Consolidated Entities	Consolidated SWS Group, Inc.
	Nine-months ended
	31-Mar-14

	Operating revenue	$ 10,574	$ 82,844	$ 75,682	$ 1,638	$ 1,227	$ 171,965
	Net intersegment revenues	-544	544	-16	2,472	-2,456	-
	Net interest revenue	4,519	2,787	7,435	26,208	-9,759	31,190
	Net revenues	15,093	85,631	83,117	27,846	-8,532	203,155
	Non-interest expenses	13,002	78,022	64,877	19,260	27,905	203,066
	Other losses	-	-	-	-	-6,836	-6,836
	Depreciation and amortization	16	652	239	1,141	2,028	4,076
	Net income (loss) before taxes	2,091	7,609	18,240	8,586	-43,273	-6,747
	Assets (*)	257,178	221,020	2,209,620	1,262,386	10,345	3,960,549

	Nine-months ended
	29-Mar-13

	Operating revenue	$ 9,556	$ 79,463	$ 82,409	$ 1,822	$ 3,590	$ 176,840
	Net intersegment revenues	-535	524	-133	2,607	-2,463	-
	Net interest revenue	4,634	2,524	9,209	32,122	-9,121	39,368
	Net revenues	14,190	81,987	91,618	33,944	-5,531	216,208
	Non-interest expenses	14,727	80,832	67,523	28,505	27,335	218,922
	Other losses	-	-	-	-	-264	-264
	Depreciation and amortization	50	658	313	1,308	1,774	4,103
	Net income (loss) before taxes	-537	1,155	24,095	5,439	-33,130	-2,978
	Assets (*)	264,528	219,729	2,078,603	1,275,842	63,878	3,902,580


Summary Of Reconciliation Of Assets	'



		31-Mar-14		29-Mar-13
	Amount as presented above	$ 3,960,549		$ 3,902,580
	Reconciling items:
	Unallocated assets:
	Cash	19,901		17,262
	Receivables from brokers, dealers and clearing
	organizations	29,247		32,536
	Receivable from clients, net of allowances	22,832		27,536
	Other assets	30,853		16,661
	Unallocated eliminations	-13,156		-90
	Total assets	$ 4,050,226		$ 3,996,485

Fair_Value_Of_Financial_Instru1

Fair Value Of Financial Instruments (Tables)	9 Months Ended
Fair Value Of Financial Instruments (Tables)	Mar. 31, 2014
Fair Value Of Financial Instruments [Abstract]	'
Summary Of Fair Value Hierarchy	'


	(in thousands)	Level 1	Level 2	Level 3	Total
	31-Mar-14
	ASSETS
	Loans measured at fair value
	Loans measured at fair value	$ -	$ -	$ 51,295	$ 51,295
		$ -	$ -	$ 51,295	$ 51,295

	Securities owned, at fair value
	Corporate equity securities	$ 668	$ -	$ 475	$ 1,143
	Municipal obligations	-	67,719	-	67,719
	U.S. government and government agency obligations	6,989	77,681	-	84,670
	Corporate obligations	-	96,067	88	96,155
	Other	982	38,300	-	39,282
		$ 8,639	$ 279,767	$ 563	$ 288,969

	Securities available for sale
	Westwood common stock	$ 139	$ -	$ -	$ 139
	U.S. government and government agency obligations	-	531,591	-	531,591
	Municipal obligations	-	43,949	-	43,949
		$ 139	$ 575,540	$ -	$ 575,679

	Interest Rate Swaps
	Interest Rate Swaps	$ -	$ 703	$ -	$ 703
		$ -	$ 703	$ -	$ 703

	LIABILITIES
	Securities sold, not yet purchased, at fair value
	Corporate equity securities	$ 3	$ -	$ -	$ 3
	U.S. government and government agency obligations	87,399	10,550	-	97,949
	Corporate obligations	-	79,508	-	79,508
		$ 87,402	$ 90,058	$ -	$ 177,460

	Warrants
	Warrants	$ -	$ -	$ 31,033	$ 31,033
		$ -	$ -	$ 31,033	$ 31,033

	Net assets (liabilities)	$ (78,624)	$ 765,952	$ 20,825	$ 708,153









	(in thousands)	Level 1	Level 2	Level 3	Total
	30-Jun-13
	ASSETS
	Loans measured at fair value
	Loans measured at fair value	$ -	$ 13,757	$ -	$ 13,757
		$ -	$ 13,757	$ -	$ 13,757

	Securities owned, at fair value
	Corporate equity securities	$ 895	$ -	$ 625	$ 1,520
	Municipal obligations	-	30,116	-	30,116
	U.S. government and government agency obligations	3,300	38,229	-	41,529
	Corporate obligations	-	127,779	120	127,899
	Other	692	7,877	-	8,569
		$ 4,887	$ 204,001	$ 745	$ 209,633

Securities available for sale
Westwood common stock	$ 146	$ -	$ -	$ 146
U.S. government and government agency obligations	-	474,906	-	474,906
Municipal obligations	-	28,224	-	28,224
	$ 146	$ 503,130	$ -	$ 503,276

Interest Rate Swaps
Interest Rate Swaps	$ -	$ 1,934	$ -	$ 1,934
	$ -	$ 1,934	$ -	$ 1,934

LIABILITIES
Securities sold, not yet purchased, at fair value
Municipal obligations	$ -	$ 10	$ -	$ 10
U.S. government and government agency obligations	45,415	8,671	-	54,086
Corporate obligations	-	80,639	-	80,639
	$ 45,415	$ 89,320	$ -	$ 134,735

Warrants
Warrants	$ -	$ -	$ 24,197	$ 24,197
	$ -	$ -	$ 24,197	$ 24,197

Net assets (liabilities)	$ (40,382)	$ 633,502	$ (23,452)	$ 569,668



Reconciliation Of Major Classes of Assets and Liabilities Measured at Fair Value Using Significant Unobservable Inputs	'


	(in thousands)	Loans	Corporate Equity Securities	Corporate Obligations	Warrants	Total
	Ending balance at June 30, 2013	$ -	$ 625	$ 120	$ (24,197)	$ (23,452)
	Redemption/sale of security		-50	-	-	-50
	Unrealized loss		-	-32	-	-32
	Decrease in warrants valuation
	(unrealized gain)		-	-	1,967	1,967
	Ending balance at September 30, 2013	$ -	$ 575	$ 88	$ (22,230)	$ (21,567)
	Redemption/sale of security		-75			-75
	Unrealized loss	-	-	-8	-	-8
	Transfers from Level 2 to Level 3	35,333	-	-	-	35,333
	Increase in warrants valuation
	(unrealized loss)	-	-	-	-2,058	-2,058
	Ending balance at December 31, 2013	$ 35,333	$ 500	$ 80	$ (24,288)	$ 11,625
	Redemption/sale of security		-25	-	-	-25
	Unrealized gain	173	-	8	-	181
	Loan pay downs	-191	-	-	-	-191
	Loan originations with the
	execution of interest rate swaps	15,980	-	-	-	15,980
	Increase in warrants valuation
	(unrealized loss)	-	-	-	-6,745	-6,745
	Ending balance at March 31, 2014	$ 51,295	$ 475	$ 88	$ (31,033)	$ 20,825


Significant Unobservable Inputs	'


	Asset/Liability	Fair Value	Valuation Technique(s)	Unobservable Inputs	Range (Weighted-Average)

	Loans measured at fair value
	Loans measured at fair value	$ 51,295	Discounted cash flow	Discount Rate	4.15%-5.29%
	Loans measured at fair value	$ 51,295	Discounted cash flow	Discount Rate	-4.68%

	Securities owned, at fair value
	Corporate equity securities- auction rate preferred	475	Analysis of comparable securities	N/A	N/A

	Corporate obligations	88	Discounted cash flow	N/A	N/A
	Warrants
	Warrants	31,033	Binomial Model	Derived Volatility	24% - 33% (30%)


Financial And Non-Financial Instruments Measured At Fair Value On A Non-Recurring Basis	'



	Mar-14		Level 1	Level 2	Level 3	Total
	Impaired loans (1)		$ -	$ -	$ 9,670	$ 9,670
	REO		-	-	5,880	5,880
	Impaired servicing assets		-	-	493	493
			$ -	$ -	$ 16,043	$ 16,043

	Jun-13
	Impaired loans (1)		$ -	$ -	$ 20,086	$ 20,086
	REO		-	-	10,165	10,165
			$ -	$ -	$ 30,251	$ 30,251

	_____________
	(1) Includes certain impaired loans measured at fair value through the allocation of specific valuation allowances or principal charge-offs.

Recorded Amounts, Fair Value And Level Of Fair Value Hierarchy Of Financial Instruments	'


			31-Mar-14			30-Jun-13
		Level	Recorded Value	Fair Value		Recorded Value	Fair Value
	Financial assets:
	Cash and cash equivalents	1	$ 87,763	$ 87,763		$ 111,046	$ 111,046
	Restricted cash and cash equivalents	1	-	-		30,047	30,047

	Securities held to maturity:
	GNMA securities	2	13,553	13,899		17,423	17,965
	Loans, net:
	Purchase mortgage loans held for investment	3	72,546	72,429		174,037	173,738
	Other loans held for investment	3	434,200	488,171		420,789	437,916
	Servicing assets	3	493	493		412	414

	Financial liabilities:
	Short-Term Borrowings	1	50,000	50,000		131,500	131,500
	Deposits:
	Deposits with no stated maturity	2	968,519	952,991		963,385	959,578
	Time deposits	2	27,082	27,309		30,334	30,736
	Advances from FHLB	2	92,430	93,888		97,565	100,408
	Long-term debt	3	86,537	97,165		83,102	86,822

General_And_Basis_Of_Presentat1

General And Basis Of Presentation (Details) (USD $)	3 Months Ended		9 Months Ended
	Mar. 31, 2014	Mar. 29, 2013	Mar. 29, 2013	Mar. 31, 2014
	state	Mar. 29, 2013	Mar. 29, 2013	Hilltop [Member]
Percentage of subsidiary owned	$100	'	'	'
Number of states in which company has licenses to facilitate the sale of insurance	44	'	'	'
Investment banking, advisory and administrative fees reclassified to conform to current presentation	'	726,000	2,350,000	'
Cash to be received, per share	'	'	'	$1.94
Common stock conversion ratio under merger agreement	'	'	'	0.2496
Other expenses in connection with proposed merger	$2,356,000	'	'	'

Cash_And_Cash_Equivalents_Deta

Cash And Cash Equivalents (Details) (USD $)	Mar. 31, 2014	Jun. 30, 2013
In Thousands, unless otherwise specified	Mar. 31, 2014	Jun. 30, 2013
Cash And Cash Equivalents [Abstract]	'	'
Cash balances not federally insured	$70,226	$37,833
Balances on hand or with the Federal Reserve Bank	$1,510	$1,649

Restricted_Cash_And_Cash_Equiv1

Restricted Cash And Cash Equivalents (Details) (USD $)	0 Months Ended		3 Months Ended	0 Months Ended	3 Months Ended
	Jul. 29, 2011	Jun. 30, 2013	Dec. 29, 2011	Mar. 28, 2013	Jun. 29, 2012	Mar. 29, 2012	Jan. 31, 2014
			Southwest Securities, FSB [Member]	Southwest Securities [Member]	Southwest Securities [Member]	Southwest Securities [Member]	Subsequent Event [Member]
							Southwest Securities [Member]
Restricted Cash and Cash Equivalents Items [Line Items]	'	'	'	'	'	'	'
Restricted cash and cash equivalents	$100,000,000	$30,047,000	'	'	'	'	'
Maturity period of unsecured credit agreement	'5 years	'	'	'	'	'	'
Capital contribution	'	'	20,000,000	20,000,000	10,000,000	'	'
Intercompany loans provided	'	'	'	'	'	20,000,000	30,000,000
Reduction in intercompany payable	'	'	'	'	20,000,000	'	'
Repayment of loan	'	'	'	$20,000,000	'	'	'

Recovered_Sheet1

Assets Segregated for Regulatory Purposes (Narrative) (Detail) (USD $)	Mar. 31, 2014	Jun. 30, 2013
Disclosure Assets Segregated For Regulatory Purposes Narrative [Abstract]	'	'
Cash segregated in special reserve bank accounts	$189,961,000	$164,737,000
Reserve deposits in special reserve bank account for PAIB	$0	$0

Receivable_From_And_Payable_To2

Receivable From And Payable To Brokers, Dealers And Clearing Organizations (Narrative) (Detail) (USD $)	Mar. 31, 2014	Jun. 30, 2013
In Thousands, unless otherwise specified	Mar. 31, 2014	Jun. 30, 2013
Receivable From And Payable To Brokers, Dealers And Clearing Organizations [Abstract]	'	'
Repledged collateral	$1,679,444	$1,452,911

Receivable_From_And_Payable_To3

Receivable From And Payable To Brokers, Dealers And Clearing Organizations (Schedule Of Payable To Brokers, Dealer And Clearing Organizations) (Detail) (USD $)	Mar. 31, 2014		Jun. 30, 2013
In Thousands, unless otherwise specified	Mar. 31, 2014		Jun. 30, 2013
Receivable:	'		'
Securities failed to deliver	$22,508		$9,708
Securities borrowed	1,779,143		1,546,376
Correspondent broker/dealers	22,076		45,435
Clearing organizations	38,772		25,285
Other	6,739		71,670
Receivable from brokers, dealers and clearing organizations	1,869,238		1,698,474
Payable:	'		'
Securities failed to receive	28,213		39,024
Securities loaned	1,711,638	[1]	1,471,319	[1]
Correspondent broker/dealers	13,662		16,352
Other	42,298		6,276
Payable to brokers, dealers and clearing organizations	$1,795,811		$1,532,971

[1]	Under securities lending agreements, SWS had repledged $1,679,444,000 and $1,452,911,000 at March 31, 2014 and June 30, 2013, respectively.

Receivable_From_And_Payable_To4

Receivable From And Payable To Brokers, Dealers And Clearing Organizations (Securities Borrowing And Lending Business, Receivables And Related Collateral) (Details) (USD $)	Mar. 31, 2014		Jun. 30, 2013
In Thousands, unless otherwise specified	Mar. 31, 2014		Jun. 30, 2013
Receivable From And Payable To Brokers, Dealers And Clearing Organizations [Abstract]	'		'
Securities Borrowed, Gross amounts of recognized assets/liabilities	$1,779,143		$1,546,376
Securities Borrowed, Gross amounts offset in the statement of financial position	'		'
Securities Borrowed, Net amounts of assets presented in the statement of financial position	1,779,143		1,546,376
Securities Borrowed, Gross amounts not offset in the statement of financial position, Financial instruments	-1,778,243		-1,546,376
Securities Borrowed, Gross amounts not offset in the statement of financial position, Collateral	'		'
Securities Borrowed, Gross amounts not offset in the statement of financial position, Net Amount	900		'
Securities Loaned, Gross amounts of recognized assets/liabilities	1,711,638	[1]	1,471,319	[1]
Securities Loaned, Gross amounts offset in the statement of financial position	'	[1]	'	[1]
Securities Loaned, Net amounts of assets presented in the statement of financial position	1,711,638	[1]	1,471,319	[1]
Securities Loaned, Gross amounts not offset in the statement of financial position, Financial instruments	-1,711,638	[1]	-1,471,319	[1]
Securities Loaned, Gross amounts not offset in the statement of financial position, Collateral	'	[1]	'	[1]
Securities loaned, Gross amounts not offset in the statement of financial position	'		'	[1]

[1]	Under securities lending agreements, SWS had repledged $1,679,444,000 and $1,452,911,000 at March 31, 2014 and June 30, 2013, respectively.

Loans_And_Allowance_For_Probab2

Loans And Allowance For Probable Loan Losses (Narrative) (Detail) (USD $)	3 Months Ended		9 Months Ended		12 Months Ended
	Mar. 31, 2014	Mar. 29, 2013	Mar. 31, 2014	Mar. 29, 2013	Jun. 30, 2013
	loan	Mar. 29, 2013	Mar. 31, 2014	Mar. 29, 2013	Jun. 30, 2013
Accounts Notes And Loans Receivable [Line Items]	'	'	'	'	'
Unamortized discounts and premiums	$579,000	'	$579,000	'	$997,000
Number of loan purchases	2	'	'	'	'
Loan purchases	40,000,000	'	'	'	'
Allowance to ending loan balance	1.83%	4.07%	1.83%	4.07%	'
Maximum duration of loan held	'	'	'25 days	'	'
Allowance for loan losses	'	'	445,000	'	447,000
Loans on accrual status	5,826,000	'	5,826,000	'	6,685,000
Average recorded investment in non-accrual loans	17,211,000	'	17,211,000	'	25,516,000
Interest income recorded on the non-accrual loans	2,000	7,000	31,000	39,000	'
1-4 Family [Member]	'	'	'	'	'
Accounts Notes And Loans Receivable [Line Items]	'	'	'	'	'
Purchased mortgage loans held for investment	$72,546,000	'	$72,546,000	'	$174,037,000

Loans_And_Allowance_For_Probab3

Loans And Allowance For Probable Loan Losses (Summary Of Loans Receivable) (Detail) (USD $)	Mar. 31, 2014	Jun. 30, 2013	Mar. 29, 2013
In Thousands, unless otherwise specified	Mar. 31, 2014	Jun. 30, 2013	Mar. 29, 2013
Loans receivable:	'	'	'
Loans receivable, net of premiums, discounts and deferred fees	$566,133	$620,926	$660,697
Allowance for probable loan losses	-8,092	-12,343	'
Loans, net	558,041	608,583	'
Residential Construction [Member]	'	'	'
Loans receivable:	'	'	'
Loans receivable, net of premiums, discounts and deferred fees	'	'	2,167
Lot And Land Development [Member]	'	'	'
Loans receivable:	'	'	'
Loans receivable, net of premiums, discounts and deferred fees	'	'	10,221
1-4 Family [Member]	'	'	'
Loans receivable:	'	'	'
Loans receivable, net of premiums, discounts and deferred fees	'	'	265,631
Commercial Real Estate [Member]	'	'	'
Loans receivable:	'	'	'
Loans receivable, net of premiums, discounts and deferred fees	'	'	242,721
Multifamily [Member]	'	'	'
Loans receivable:	'	'	'
Loans receivable, net of premiums, discounts and deferred fees	'	'	75,468
Commercial Loans [Member]	'	'	'
Loans receivable:	'	'	'
Loans receivable, net of premiums, discounts and deferred fees	'	'	62,887
Consumer Loans [Member]	'	'	'
Loans receivable:	'	'	'
Loans receivable, net of premiums, discounts and deferred fees	'	'	1,602
Loans Measured At Fair Value [Member]	'	'	'
Loans receivable:	'	'	'
Loans receivable, net of premiums, discounts and deferred fees	51,295	13,757	'
Loans Measured At Fair Value [Member] \| Commercial Real Estate [Member]	'	'	'
Loans receivable:	'	'	'
Loans receivable, net of premiums, discounts and deferred fees	9,897	2,662	'
Loans Measured At Fair Value [Member] \| Multifamily [Member]	'	'	'
Loans receivable:	'	'	'
Loans receivable, net of premiums, discounts and deferred fees	41,398	11,095	'
Other Loans Receivable [Member]	'	'	'
Loans receivable:	'	'	'
Loans receivable, net of premiums, discounts and deferred fees	514,838	607,169	'
Other Loans Receivable [Member] \| Residential Construction [Member]	'	'	'
Loans receivable:	'	'	'
Loans receivable, net of premiums, discounts and deferred fees	785	1,367	'
Other Loans Receivable [Member] \| Lot And Land Development [Member]	'	'	'
Loans receivable:	'	'	'
Loans receivable, net of premiums, discounts and deferred fees	5,955	8,988	'
Other Loans Receivable [Member] \| 1-4 Family [Member]	'	'	'
Loans receivable:	'	'	'
Loans receivable, net of premiums, discounts and deferred fees	164,979	233,947	'
Other Loans Receivable [Member] \| Commercial Real Estate [Member]	'	'	'
Loans receivable:	'	'	'
Loans receivable, net of premiums, discounts and deferred fees	178,444	213,452	'
Other Loans Receivable [Member] \| Multifamily [Member]	'	'	'
Loans receivable:	'	'	'
Loans receivable, net of premiums, discounts and deferred fees	92,300	88,738	'
Other Loans Receivable [Member] \| Commercial Loans [Member]	'	'	'
Loans receivable:	'	'	'
Loans receivable, net of premiums, discounts and deferred fees	69,709	58,718	'
Other Loans Receivable [Member] \| Consumer Loans [Member]	'	'	'
Loans receivable:	'	'	'
Loans receivable, net of premiums, discounts and deferred fees	$2,666	$1,959	'

Loans_And_Allowance_For_Probab4

Loans And Allowance For Probable Loan Losses (Analysis Of Allowance For Probable Loan Losses And Recorded Investments In Loans Receivable) (Detail) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 29, 2013	Mar. 31, 2014	Mar. 29, 2013	Jun. 30, 2013
Allowance for credit losses:	'	'	'	'	'
Balance at beginning of period	$9,448	$18,637	$12,343	$22,402	'
Charge-offs	-189	-51	-408	-3,117	'
Recoveries	411	180	1,026	931	'
Net recoveries (charge-offs)	222	129	618	-2,186	'
(Recapture) provision charged to operations	-1,578	'	-4,869	-1,450	'
Balance at end of period	8,092	18,766	8,092	18,766	'
Ending balance: individually evaluated for impairment	455	3,909	455	3,909	'
Ending balance: collectively evaluated for impairment	7,637	14,857	7,637	14,857	'
Financing receivables:	'	'	'	'	'
Balance at end of period	566,133	660,697	566,133	660,697	620,926
Ending balance: individually evaluated for impairment	20,080	32,659	20,080	32,659	'
Ending balance: collectively evaluated for impairment	494,758	628,038	494,758	628,038	'
Residential Construction [Member]	'	'	'	'	'
Allowance for credit losses:	'	'	'	'	'
Balance at beginning of period	6	135	49	350	'
Recoveries	14	8	77	44	'
Net recoveries (charge-offs)	14	8	77	44	'
(Recapture) provision charged to operations	-19	-24	-125	-275	'
Balance at end of period	1	119	1	119	'
Ending balance: individually evaluated for impairment	'	23	'	23	'
Ending balance: collectively evaluated for impairment	1	96	1	96	'
Financing receivables:	'	'	'	'	'
Balance at end of period	'	2,167	'	2,167	'
Ending balance: individually evaluated for impairment	564	619	564	619	'
Ending balance: collectively evaluated for impairment	221	1,548	221	1,548	'
Lot And Land Development [Member]	'	'	'	'	'
Allowance for credit losses:	'	'	'	'	'
Balance at beginning of period	124	674	374	1,310	'
Charge-offs	'	'	-4	-182	'
Recoveries	102	5	112	192	'
Net recoveries (charge-offs)	102	5	108	10	'
(Recapture) provision charged to operations	-178	-157	-434	-798	'
Balance at end of period	48	522	48	522	'
Ending balance: individually evaluated for impairment	'	254	'	254	'
Ending balance: collectively evaluated for impairment	48	268	48	268	'
Financing receivables:	'	'	'	'	'
Balance at end of period	'	10,221	'	10,221	'
Ending balance: individually evaluated for impairment	930	2,761	930	2,761	'
Ending balance: collectively evaluated for impairment	5,025	7,460	5,025	7,460	'
1-4 Family [Member]	'	'	'	'	'
Allowance for credit losses:	'	'	'	'	'
Balance at beginning of period	1,319	2,759	1,528	3,235	'
Charge-offs	-189	'	-286	-163	'
Recoveries	26	19	87	88	'
Net recoveries (charge-offs)	-163	19	-199	-75	'
(Recapture) provision charged to operations	715	-1,090	542	-1,472	'
Balance at end of period	1,871	1,688	1,871	1,688	'
Ending balance: individually evaluated for impairment	177	383	177	383	'
Ending balance: collectively evaluated for impairment	1,694	1,305	1,694	1,305	'
Financing receivables:	'	'	'	'	'
Balance at end of period	'	265,631	'	265,631	'
Ending balance: individually evaluated for impairment	6,552	10,611	6,552	10,611	'
Ending balance: collectively evaluated for impairment	158,427	255,020	158,427	255,020	'
Commercial Real Estate [Member]	'	'	'	'	'
Allowance for credit losses:	'	'	'	'	'
Balance at beginning of period	3,069	7,768	3,290	10,628	'
Charge-offs	'	'	-51	-1,113	'
Recoveries	266	109	705	192	'
Net recoveries (charge-offs)	266	109	654	-921	'
(Recapture) provision charged to operations	-1,453	-2,607	-2,062	-4,437	'
Balance at end of period	1,882	5,270	1,882	5,270	'
Ending balance: individually evaluated for impairment	129	1,159	129	1,159	'
Ending balance: collectively evaluated for impairment	1,753	4,111	1,753	4,111	'
Financing receivables:	'	'	'	'	'
Balance at end of period	'	242,721	'	242,721	'
Ending balance: individually evaluated for impairment	7,687	14,049	7,687	14,049	'
Ending balance: collectively evaluated for impairment	170,757	228,672	170,757	228,672	'
Multifamily [Member]	'	'	'	'	'
Allowance for credit losses:	'	'	'	'	'
Balance at beginning of period	2,893	1,831	3,567	2,866	'
(Recapture) provision charged to operations	-409	5,445	-1,083	4,410	'
Balance at end of period	2,484	7,276	2,484	7,276	'
Ending balance: collectively evaluated for impairment	2,484	7,276	2,484	7,276	'
Financing receivables:	'	'	'	'	'
Balance at end of period	'	75,468	'	75,468	'
Ending balance: collectively evaluated for impairment	92,300	75,468	92,300	75,468	'
Commercial Loans [Member]	'	'	'	'	'
Allowance for credit losses:	'	'	'	'	'
Balance at beginning of period	2,018	5,464	3,530	4,004	'
Charge-offs	'	-51	-67	-1,659	'
Recoveries	3	34	45	405	'
Net recoveries (charge-offs)	3	-17	-22	-1,254	'
(Recapture) provision charged to operations	-229	-1,563	-1,716	1,134	'
Balance at end of period	1,792	3,884	1,792	3,884	'
Ending balance: individually evaluated for impairment	149	2,090	149	2,090	'
Ending balance: collectively evaluated for impairment	1,643	1,794	1,643	1,794	'
Financing receivables:	'	'	'	'	'
Balance at end of period	'	62,887	'	62,887	'
Ending balance: individually evaluated for impairment	4,347	4,619	4,347	4,619	'
Ending balance: collectively evaluated for impairment	65,362	58,268	65,362	58,268	'
Consumer Loans [Member]	'	'	'	'	'
Allowance for credit losses:	'	'	'	'	'
Balance at beginning of period	19	6	5	9	'
Recoveries	'	5	'	10	'
Net recoveries (charge-offs)	'	5	'	10	'
(Recapture) provision charged to operations	-5	-4	9	-12	'
Balance at end of period	14	7	14	7	'
Ending balance: collectively evaluated for impairment	14	7	14	7	'
Financing receivables:	'	'	'	'	'
Balance at end of period	'	1,602	'	1,602	'
Ending balance: collectively evaluated for impairment	2,666	1,602	2,666	1,602	'
Other Loans Receivable [Member]	'	'	'	'	'
Financing receivables:	'	'	'	'	'
Balance at end of period	514,838	'	514,838	'	607,169
Other Loans Receivable [Member] \| Residential Construction [Member]	'	'	'	'	'
Financing receivables:	'	'	'	'	'
Balance at end of period	785	'	785	'	1,367
Other Loans Receivable [Member] \| Lot And Land Development [Member]	'	'	'	'	'
Financing receivables:	'	'	'	'	'
Balance at end of period	5,955	'	5,955	'	8,988
Other Loans Receivable [Member] \| 1-4 Family [Member]	'	'	'	'	'
Financing receivables:	'	'	'	'	'
Balance at end of period	164,979	'	164,979	'	233,947
Other Loans Receivable [Member] \| Commercial Real Estate [Member]	'	'	'	'	'
Financing receivables:	'	'	'	'	'
Balance at end of period	178,444	'	178,444	'	213,452
Other Loans Receivable [Member] \| Multifamily [Member]	'	'	'	'	'
Financing receivables:	'	'	'	'	'
Balance at end of period	92,300	'	92,300	'	88,738
Other Loans Receivable [Member] \| Commercial Loans [Member]	'	'	'	'	'
Financing receivables:	'	'	'	'	'
Balance at end of period	69,709	'	69,709	'	58,718
Other Loans Receivable [Member] \| Consumer Loans [Member]	'	'	'	'	'
Financing receivables:	'	'	'	'	'
Balance at end of period	$2,666	'	$2,666	'	$1,959

Loans_And_Allowance_For_Probab5

Loans And Allowance For Probable Loan Losses (Schedule Of Loans Receivable On Non-Accrual Status) (Detail) (USD $)	Mar. 31, 2014	Jun. 30, 2013
In Thousands, unless otherwise specified	Mar. 31, 2014	Jun. 30, 2013
Accounts, Notes, Loans and Financing Receivable [Line Items]	'	'
Loans receivable on non-accrual	$14,388	$22,446
Residential Construction [Member]	'	'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'	'
Loans receivable on non-accrual	560	601
Lot And Land Development [Member]	'	'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'	'
Loans receivable on non-accrual	927	2,418
1-4 Family [Member]	'	'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'	'
Loans receivable on non-accrual	5,724	7,792
Commercial Real Estate [Member]	'	'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'	'
Loans receivable on non-accrual	3,303	7,611
Commercial Loans [Member]	'	'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'	'
Loans receivable on non-accrual	$3,874	$4,024

Loans_And_Allowance_For_Probab6

Loans And Allowance For Probable Loan Losses (Schedule Of Recorded Investment And Unpaid Principal Balance For Impaired Loans) (Detail) (USD $)	9 Months Ended		12 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014		Jun. 30, 2013
Accounts, Notes, Loans and Financing Receivable [Line Items]	'		'
Recorded Investment	$20,080	[1]	$32,132	[1]
Unpaid Principal Balance	23,711	[1]	39,754	[1]
Related Allowance	455		2,629
Average Recorded Investment	24,432	[2]	39,090	[2]
Interest Income Recognized	240	[3]	421	[3]
Residential Construction [Member]	'		'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'		'
Recorded Investment	564	[1]	605	[1]
Unpaid Principal Balance	742	[1]	754	[1]
Related Allowance	'		23
Average Recorded Investment	579	[2]	629	[2]
Lot And Land Development [Member]	'		'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'		'
Recorded Investment	930	[1]	2,428	[1]
Unpaid Principal Balance	1,200	[1]	2,867	[1]
Related Allowance	'		233
Average Recorded Investment	1,386	[2]	2,686	[2]
1-4 Family [Member]	'		'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'		'
Recorded Investment	6,552	[1]	9,361	[1]
Unpaid Principal Balance	8,404	[1]	11,582	[1]
Related Allowance	177		178
Average Recorded Investment	7,839	[2]	14,072	[2]
Interest Income Recognized	34	[3]	84	[3]
Commercial Real Estate [Member]	'		'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'		'
Recorded Investment	7,687	[1]	12,271	[1]
Unpaid Principal Balance	8,893	[1]	16,427	[1]
Related Allowance	129		105
Average Recorded Investment	8,296	[2]	17,833	[2]
Interest Income Recognized	182	[3]	182	[3]
Commercial Loans [Member]	'		'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'		'
Recorded Investment	4,347	[1]	7,467	[1]
Unpaid Principal Balance	4,472	[1]	8,124	[1]
Related Allowance	149		2,090
Average Recorded Investment	6,332	[2]	3,870	[2]
Interest Income Recognized	24	[3]	155	[3]
With No Related Allowance Recorded	'		'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'		'
Recorded Investment	15,641	[1]	19,739	[1]
Unpaid Principal Balance	18,037	[1]	25,838	[1]
Average Recorded Investment	16,493		18,286	[2]
Interest Income Recognized	196	[3]	210	[3]
With No Related Allowance Recorded \| Residential Construction [Member]	'		'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'		'
Recorded Investment	564	[1]	383	[1]
Unpaid Principal Balance	742	[1]	471	[1]
Average Recorded Investment	460		438	[2]
With No Related Allowance Recorded \| Lot And Land Development [Member]	'		'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'		'
Recorded Investment	930	[1]	102	[1]
Unpaid Principal Balance	1,200	[1]	324	[1]
Average Recorded Investment	139		807	[2]
With No Related Allowance Recorded \| 1-4 Family [Member]	'		'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'		'
Recorded Investment	5,197	[1]	5,818	[1]
Unpaid Principal Balance	6,975	[1]	7,712	[1]
Average Recorded Investment	5,509		7,674	[2]
Interest Income Recognized	6	[3]	17	[3]
With No Related Allowance Recorded \| Commercial Real Estate [Member]	'		'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'		'
Recorded Investment	5,017	[1]	9,006	[1]
Unpaid Principal Balance	5,136	[1]	12,239	[1]
Average Recorded Investment	6,244		7,785	[2]
Interest Income Recognized	182	[3]	167	[3]
With No Related Allowance Recorded \| Commercial Loans [Member]	'		'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'		'
Recorded Investment	3,933	[1]	4,430	[1]
Unpaid Principal Balance	3,984	[1]	5,092	[1]
Average Recorded Investment	4,141		1,582	[2]
Interest Income Recognized	8	[3]	26	[3]
With an Allowance Recorded	'		'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'		'
Recorded Investment	4,439	[1]	12,393
Unpaid Principal Balance	5,674	[1]	13,916
Related Allowance	455		2,629
Average Recorded Investment	7,939	[2]	20,804	[2]
Interest Income Recognized	44	[3]	211	[3]
With an Allowance Recorded \| Residential Construction [Member]	'		'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'		'
Recorded Investment	'		222
Unpaid Principal Balance	'		283
Related Allowance	'		23
Average Recorded Investment	119	[2]	191	[2]
With an Allowance Recorded \| Lot And Land Development [Member]	'		'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'		'
Recorded Investment	'		2,326
Unpaid Principal Balance	'		2,543
Related Allowance	'		233
Average Recorded Investment	1,247	[2]	1,879	[2]
With an Allowance Recorded \| 1-4 Family [Member]	'		'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'		'
Recorded Investment	1,355	[1]	3,543
Unpaid Principal Balance	1,429	[1]	3,870
Related Allowance	177		178
Average Recorded Investment	2,330	[2]	6,398	[2]
Interest Income Recognized	28	[3]	67	[3]
With an Allowance Recorded \| Commercial Real Estate [Member]	'		'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'		'
Recorded Investment	2,670	[1]	3,265
Unpaid Principal Balance	3,757	[1]	4,188
Related Allowance	129		105
Average Recorded Investment	2,052	[2]	10,048	[2]
Interest Income Recognized	'		15	[3]
With an Allowance Recorded \| Commercial Loans [Member]	'		'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'		'
Recorded Investment	414	[1]	3,037
Unpaid Principal Balance	488	[1]	3,032
Related Allowance	149		2,090
Average Recorded Investment	2,191	[2]	2,288	[2]
Interest Income Recognized	$16	[3]	$129	[3]

[1]	The difference between the unpaid principal balance and the recorded investment of impaired loans with no related allowance recorded is primarily comprised of partial charge-offs that were previously recognized.
[2]	Represents the average recorded investment for the nine-months ended March 31, 2014 and the twelve-months ended June 30, 2013, respectively.
[3]	Represents interest income recognized on impaired loans for the nine-months ended March 31, 2014 and the twelve-months ended June 30, 2013, respectively.

Loans_And_Allowance_For_Probab7

Loans And Allowance For Probable Loan Losses (Summary Of Quality Of The Bank's Financing Receivables Excluding Loans Held For Sale) (Detail) (USD $)	Mar. 31, 2014		Jun. 30, 2013		Mar. 29, 2013
In Thousands, unless otherwise specified	Mar. 31, 2014		Jun. 30, 2013		Mar. 29, 2013
Accounts, Notes, Loans and Financing Receivable [Line Items]	'		'		'
Loans receivable, net of premiums, discounts and deferred fees	$566,133		$620,926		$660,697
Loans Measured At Fair Value [Member]	'		'		'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'		'		'
Loans receivable, net of premiums, discounts and deferred fees	51,295		13,757		'
Other Loans Receivable [Member]	'		'		'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'		'		'
Loans receivable, net of premiums, discounts and deferred fees	514,838		607,169		'
Residential Construction [Member]	'		'		'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'		'		'
Loans receivable, net of premiums, discounts and deferred fees	'		'		2,167
Residential Construction [Member] \| Other Loans Receivable [Member]	'		'		'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'		'		'
Loans receivable, net of premiums, discounts and deferred fees	785		1,367		'
Lot And Land Development [Member]	'		'		'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'		'		'
Loans receivable, net of premiums, discounts and deferred fees	'		'		10,221
Lot And Land Development [Member] \| Other Loans Receivable [Member]	'		'		'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'		'		'
Loans receivable, net of premiums, discounts and deferred fees	5,955		8,988		'
1-4 Family [Member]	'		'		'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'		'		'
Loans receivable, net of premiums, discounts and deferred fees	'		'		265,631
1-4 Family [Member] \| Other Loans Receivable [Member]	'		'		'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'		'		'
Loans receivable, net of premiums, discounts and deferred fees	164,979		233,947		'
Commercial Real Estate [Member]	'		'		'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'		'		'
Loans receivable, net of premiums, discounts and deferred fees	'		'		242,721
Commercial Real Estate [Member] \| Loans Measured At Fair Value [Member]	'		'		'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'		'		'
Loans receivable, net of premiums, discounts and deferred fees	9,897		2,662		'
Commercial Real Estate [Member] \| Other Loans Receivable [Member]	'		'		'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'		'		'
Loans receivable, net of premiums, discounts and deferred fees	178,444		213,452		'
Multifamily [Member]	'		'		'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'		'		'
Loans receivable, net of premiums, discounts and deferred fees	'		'		75,468
Multifamily [Member] \| Loans Measured At Fair Value [Member]	'		'		'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'		'		'
Loans receivable, net of premiums, discounts and deferred fees	41,398		11,095		'
Multifamily [Member] \| Other Loans Receivable [Member]	'		'		'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'		'		'
Loans receivable, net of premiums, discounts and deferred fees	92,300		88,738		'
Commercial Loans [Member]	'		'		'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'		'		'
Loans receivable, net of premiums, discounts and deferred fees	'		'		62,887
Commercial Loans [Member] \| Other Loans Receivable [Member]	'		'		'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'		'		'
Loans receivable, net of premiums, discounts and deferred fees	69,709		58,718		'
Consumer Loans [Member]	'		'		'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'		'		'
Loans receivable, net of premiums, discounts and deferred fees	'		'		1,602
Consumer Loans [Member] \| Other Loans Receivable [Member]	'		'		'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'		'		'
Loans receivable, net of premiums, discounts and deferred fees	2,666		1,959		'
Pass	'		'		'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'		'		'
Loans receivable, net of premiums, discounts and deferred fees	523,769		554,332		'
Pass \| Loans Measured At Fair Value [Member]	'		'		'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'		'		'
Loans receivable, net of premiums, discounts and deferred fees	51,295		13,757		'
Pass \| Other Loans Receivable [Member]	'		'		'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'		'		'
Loans receivable, net of premiums, discounts and deferred fees	472,474		540,575		'
Pass \| Residential Construction [Member] \| Other Loans Receivable [Member]	'		'		'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'		'		'
Loans receivable, net of premiums, discounts and deferred fees	225		766		'
Pass \| Lot And Land Development [Member] \| Other Loans Receivable [Member]	'		'		'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'		'		'
Loans receivable, net of premiums, discounts and deferred fees	4,711		5,605		'
Pass \| 1-4 Family [Member] \| Other Loans Receivable [Member]	'		'		'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'		'		'
Loans receivable, net of premiums, discounts and deferred fees	158,990		225,434		'
Pass \| Commercial Real Estate [Member] \| Loans Measured At Fair Value [Member]	'		'		'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'		'		'
Loans receivable, net of premiums, discounts and deferred fees	9,897		2,662		'
Pass \| Commercial Real Estate [Member] \| Other Loans Receivable [Member]	'		'		'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'		'		'
Loans receivable, net of premiums, discounts and deferred fees	150,756		171,085		'
Pass \| Multifamily [Member] \| Loans Measured At Fair Value [Member]	'		'		'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'		'		'
Loans receivable, net of premiums, discounts and deferred fees	41,398		11,095		'
Pass \| Multifamily [Member] \| Other Loans Receivable [Member]	'		'		'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'		'		'
Loans receivable, net of premiums, discounts and deferred fees	92,300		88,046		'
Pass \| Commercial Loans [Member] \| Other Loans Receivable [Member]	'		'		'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'		'		'
Loans receivable, net of premiums, discounts and deferred fees	62,826		47,680		'
Pass \| Consumer Loans [Member] \| Other Loans Receivable [Member]	'		'		'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'		'		'
Loans receivable, net of premiums, discounts and deferred fees	2,666		1,959		'
Special Mention	'		'		'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'		'		'
Loans receivable, net of premiums, discounts and deferred fees	7,322	[1]	9,189	[1]	'
Special Mention \| Other Loans Receivable [Member]	'		'		'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'		'		'
Loans receivable, net of premiums, discounts and deferred fees	7,322	[1]	9,189	[1]	'
Special Mention \| 1-4 Family [Member] \| Other Loans Receivable [Member]	'		'		'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'		'		'
Loans receivable, net of premiums, discounts and deferred fees	'		234	[1]	'
Special Mention \| Commercial Real Estate [Member] \| Other Loans Receivable [Member]	'		'		'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'		'		'
Loans receivable, net of premiums, discounts and deferred fees	4,540	[1]	7,631	[1]	'
Special Mention \| Commercial Loans [Member] \| Other Loans Receivable [Member]	'		'		'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'		'		'
Loans receivable, net of premiums, discounts and deferred fees	2,782	[1]	1,324	[1]	'
Substandard	'		'		'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'		'		'
Loans receivable, net of premiums, discounts and deferred fees	35,042	[2]	57,405	[2]	'
Substandard \| Other Loans Receivable [Member]	'		'		'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'		'		'
Loans receivable, net of premiums, discounts and deferred fees	35,042	[2]	57,405	[2]	'
Substandard \| Residential Construction [Member] \| Other Loans Receivable [Member]	'		'		'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'		'		'
Loans receivable, net of premiums, discounts and deferred fees	560	[2]	601	[2]	'
Substandard \| Lot And Land Development [Member] \| Other Loans Receivable [Member]	'		'		'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'		'		'
Loans receivable, net of premiums, discounts and deferred fees	1,244	[2]	3,383	[2]	'
Substandard \| 1-4 Family [Member] \| Other Loans Receivable [Member]	'		'		'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'		'		'
Loans receivable, net of premiums, discounts and deferred fees	5,989	[2]	8,279	[2]	'
Substandard \| Commercial Real Estate [Member] \| Other Loans Receivable [Member]	'		'		'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'		'		'
Loans receivable, net of premiums, discounts and deferred fees	23,148	[2]	34,736	[2]	'
Substandard \| Multifamily [Member] \| Other Loans Receivable [Member]	'		'		'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'		'		'
Loans receivable, net of premiums, discounts and deferred fees	'		692	[2]	'
Substandard \| Commercial Loans [Member] \| Other Loans Receivable [Member]	'		'		'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'		'		'
Loans receivable, net of premiums, discounts and deferred fees	$4,101	[2]	$9,714	[2]	'

[1]	These loans are currently protected by the current sound worth and paying capacity of the obligor, but have a potential weakness that would create a higher credit risk.
[2]	These loans exhibit well-defined weaknesses that could jeopardize the ultimate collection of all or part of the debt. Substandard loans are inadequately protected by the current sound worth and paying capacity of the obligor or of the collateral pledged. They are characterized by the distinct possibility that the Bank will sustain some loss if the deficiencies are not corrected. Loss potential, while existing in the aggregate for substandard assets, does not have to exist in individual assets classified as bSubstandard.b

Loans_And_Allowance_For_Probab8

Loans And Allowance For Probable Loan Losses (Summary Of Age Of The Bank's Past Due Financing Receivables) (Detail) (USD $)	Mar. 31, 2014	Jun. 30, 2013	Mar. 29, 2013
In Thousands, unless otherwise specified	Mar. 31, 2014	Jun. 30, 2013	Mar. 29, 2013
Accounts, Notes, Loans and Financing Receivable [Line Items]	'	'	'
30-59 Days Past Due	$7,726	$3,925	'
60-89 Days Past Due	1,019	5,569	'
90 Days and Greater	5,029	7,857	'
Total Past Due	13,774	17,351	'
Current	552,359	603,575	'
Balance at end of period	566,133	620,926	660,697
Residential Construction [Member]	'	'	'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'	'	'
Balance at end of period	'	'	2,167
Lot And Land Development [Member]	'	'	'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'	'	'
Balance at end of period	'	'	10,221
1-4 Family [Member]	'	'	'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'	'	'
Balance at end of period	'	'	265,631
Commercial Real Estate [Member]	'	'	'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'	'	'
Balance at end of period	'	'	242,721
Multifamily [Member]	'	'	'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'	'	'
Balance at end of period	'	'	75,468
Commercial Loans [Member]	'	'	'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'	'	'
Balance at end of period	'	'	62,887
Consumer Loans [Member]	'	'	'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'	'	'
Balance at end of period	'	'	1,602
Loans Measured At Fair Value [Member]	'	'	'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'	'	'
Current	51,295	13,757	'
Balance at end of period	51,295	13,757	'
Loans Measured At Fair Value [Member] \| Commercial Real Estate [Member]	'	'	'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'	'	'
Current	9,897	2,662	'
Balance at end of period	9,897	2,662	'
Loans Measured At Fair Value [Member] \| Multifamily [Member]	'	'	'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'	'	'
Current	41,398	11,095	'
Balance at end of period	41,398	11,095	'
Other Loans Receivable [Member]	'	'	'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'	'	'
30-59 Days Past Due	7,726	3,925	'
60-89 Days Past Due	1,019	5,569	'
90 Days and Greater	5,029	7,857	'
Total Past Due	13,774	17,351	'
Current	501,064	589,818	'
Balance at end of period	514,838	607,169	'
Other Loans Receivable [Member] \| Residential Construction [Member]	'	'	'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'	'	'
Current	785	1,367	'
Balance at end of period	785	1,367	'
Other Loans Receivable [Member] \| Lot And Land Development [Member]	'	'	'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'	'	'
30-59 Days Past Due	16	173	'
60-89 Days Past Due	112	370	'
90 Days and Greater	14	80	'
Total Past Due	142	623	'
Current	5,813	8,365	'
Balance at end of period	5,955	8,988	'
Other Loans Receivable [Member] \| 1-4 Family [Member]	'	'	'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'	'	'
30-59 Days Past Due	2,308	914	'
60-89 Days Past Due	'	234	'
90 Days and Greater	816	2,816	'
Total Past Due	3,124	3,964	'
Current	161,855	229,983	'
Balance at end of period	164,979	233,947	'
Other Loans Receivable [Member] \| Commercial Real Estate [Member]	'	'	'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'	'	'
30-59 Days Past Due	5,005	1,396	'
60-89 Days Past Due	907	1,153	'
90 Days and Greater	523	4,826	'
Total Past Due	6,435	7,375	'
Current	172,009	206,077	'
Balance at end of period	178,444	213,452	'
Other Loans Receivable [Member] \| Multifamily [Member]	'	'	'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'	'	'
30-59 Days Past Due	'	692	'
Total Past Due	'	692	'
Current	92,300	88,046	'
Balance at end of period	92,300	88,738	'
Other Loans Receivable [Member] \| Commercial Loans [Member]	'	'	'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'	'	'
30-59 Days Past Due	394	750	'
60-89 Days Past Due	'	3,812	'
90 Days and Greater	3,676	135	'
Total Past Due	4,070	4,697	'
Current	65,639	54,021	'
Balance at end of period	69,709	58,718	'
Other Loans Receivable [Member] \| Consumer Loans [Member]	'	'	'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'	'	'
30-59 Days Past Due	3	'	'
Total Past Due	3	'	'
Current	2,663	1,959	'
Balance at end of period	$2,666	$1,959	'

Loans_And_Allowance_For_Probab9

Loans And Allowance For Probable Loan Losses (Recorded Investment In Loans Modified In TDRs) (Detail) (USD $)	Mar. 31, 2014	Jun. 30, 2013
In Thousands, unless otherwise specified	Mar. 31, 2014	Jun. 30, 2013
Financing Receivable, Modifications [Line Items]	'	'
Recorded Investment in Loans Modified in Trouble Debt Restructuring	$14,825	$18,293
Residential Construction [Member]	'	'
Financing Receivable, Modifications [Line Items]	'	'
Recorded Investment in Loans Modified in Trouble Debt Restructuring	564	605
Lot And Land Development [Member]	'	'
Financing Receivable, Modifications [Line Items]	'	'
Recorded Investment in Loans Modified in Trouble Debt Restructuring	916	4,927
1-4 Family [Member]	'	'
Financing Receivable, Modifications [Line Items]	'	'
Recorded Investment in Loans Modified in Trouble Debt Restructuring	5,533	7,690
Commercial Real Estate [Member]	'	'
Financing Receivable, Modifications [Line Items]	'	'
Recorded Investment in Loans Modified in Trouble Debt Restructuring	7,104	4,574
Commercial Loans [Member]	'	'
Financing Receivable, Modifications [Line Items]	'	'
Recorded Investment in Loans Modified in Trouble Debt Restructuring	$708	$497

Recovered_Sheet2

Loans And Allowance For Probable Loan Losses (Financial Effects Of Loan Modifications Accounted For As TDRs) (Detail) (USD $)	3 Months Ended				9 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014		Mar. 29, 2013		Mar. 31, 2014		Mar. 29, 2013
	contract		contract		contract		contract
Financing Receivable, Modifications [Line Items]	'		'		'		'
Number of Contracts	6		6		7		25
Pre-Modification Outstanding Recorded Investment	$4,203		$1,153		$4,371		$6,646
Post-Modification Outstanding Recorded Investment	4,203	[1]	1,153	[1]	4,371	[1]	6,633	[1]
Residential Construction [Member]	'		'		'		'
Financing Receivable, Modifications [Line Items]	'		'		'		'
Number of Contracts	'		'		'		4
Pre-Modification Outstanding Recorded Investment	'		'		'		648
Post-Modification Outstanding Recorded Investment	'		'		'		648	[1]
Lot And Land Development [Member]	'		'		'		'
Financing Receivable, Modifications [Line Items]	'		'		'		'
Number of Contracts	'		2		'		9
Pre-Modification Outstanding Recorded Investment	'		514		'		3,742
Post-Modification Outstanding Recorded Investment	'		514	[1]	'		3,742	[1]
1-4 Family [Member]	'		'		'		'
Financing Receivable, Modifications [Line Items]	'		'		'		'
Number of Contracts	3		3		3		8
Pre-Modification Outstanding Recorded Investment	212		361		212		1,669
Post-Modification Outstanding Recorded Investment	212	[1]	361	[1]	212	[1]	1,656	[1]
Commercial Real Estate [Member]	'		'		'		'
Financing Receivable, Modifications [Line Items]	'		'		'		'
Number of Contracts	3		1		3		3
Pre-Modification Outstanding Recorded Investment	3,991		278		3,991		374
Post-Modification Outstanding Recorded Investment	3,991	[1]	278	[1]	3,991	[1]	374	[1]
Commercial Loans [Member]	'		'		'		'
Financing Receivable, Modifications [Line Items]	'		'		'		'
Number of Contracts	'		'		1		1
Pre-Modification Outstanding Recorded Investment	'		'		168		213
Post-Modification Outstanding Recorded Investment	'		'		$168	[1]	$213	[1]

[1]	Post-modification balances include direct charge-offs recorded at the time of modification.

Recovered_Sheet3

Loans And Allowance For Probable Loan Losses (The Type And The Post Modification Outstanding Recorded Investment Of Loan Modifications Made For TDRs) (Detail) (USD $)	3 Months Ended				9 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014		Mar. 29, 2013		Mar. 31, 2014		Mar. 29, 2013
Loans And Allowance For Probable Loan Losses [Abstract]	'		'		'		'
Maturity date extension	'		$249		'		$363
Reduction of the stated interest rate	'		'		'		60
Rescheduled future cash flows	3,991		278		4,159		983
Combination of maturity date extension and rescheduling of future cash flows	'		350		'		2,996
Combination of maturity date extension and reduction of the stated interest rate	109		'		109		26
Combination of maturity date extension, reduction of the stated interest rate, and rescheduling of future cash flows	'		84		'		2,013
Combination of reduction of the stated interest rate and rescheduling of future cash flows	'		192		'		192
Post-Modification Outstanding Recorded Investment	$4,203	[1]	$1,153	[1]	$4,371	[1]	$6,633	[1]

[1]	Post-modification balances include direct charge-offs recorded at the time of modification.

Recovered_Sheet4

Loans And Allowance For Probable Loan Losses (Loan Modifications Accounted For As TDRs Within The Previous 12 Months That Subsequently Defaulted) (Detail) (1-4 Family [Member], USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 29, 2013	Mar. 31, 2014	Mar. 29, 2013
	contract	contract	contract	contract
1-4 Family [Member]	'	'	'	'
Troubled Debt Restructuring, Debtor, Subsequent Periods [Line Items]	'	'	'	'
Number of Contracts	'	2	2	2
Recorded Investment	'	$658	$272	$658

Recovered_Sheet5

Loans And Allowance For Probable Loan Losses (Summary Of Amortized Cost, Gross Unrealized Gains And Losses And The Fair Value Of Loans Measured At Fair Value) (Details) (USD $)	Mar. 31, 2014		Jun. 30, 2013		Mar. 29, 2013
In Thousands, unless otherwise specified	Mar. 31, 2014		Jun. 30, 2013		Mar. 29, 2013
Accounts Notes And Loans Receivable [Line Items]	'		'		'
Balance at end of period	$566,133		$620,926		$660,697
Commercial Real Estate [Member]	'		'		'
Accounts Notes And Loans Receivable [Line Items]	'		'		'
Balance at end of period	'		'		242,721
Multifamily [Member]	'		'		'
Accounts Notes And Loans Receivable [Line Items]	'		'		'
Balance at end of period	'		'		75,468
Loans Measured At Fair Value [Member]	'		'		'
Accounts Notes And Loans Receivable [Line Items]	'		'		'
Amortized Cost	51,072		13,902		'
Gross Unrealized Gains	326	[1]	'		'
Gross Unrealized Losses	-103		-145	[1]	'
Balance at end of period	51,295		13,757		'
Loans Measured At Fair Value [Member] \| Commercial Real Estate [Member]	'		'		'
Accounts Notes And Loans Receivable [Line Items]	'		'		'
Amortized Cost	9,875		2,787		'
Gross Unrealized Gains	80	[1]	'		'
Gross Unrealized Losses	-58		-125	[1]	'
Balance at end of period	9,897		2,662		'
Loans Measured At Fair Value [Member] \| Multifamily [Member]	'		'		'
Accounts Notes And Loans Receivable [Line Items]	'		'		'
Amortized Cost	41,197		11,115		'
Gross Unrealized Gains	246	[1]	'		'
Gross Unrealized Losses	-45		-20	[1]	'
Balance at end of period	$41,398		$11,095		'

[1]	Unrealized gains (losses) are recorded in other revenues on the Consolidated Statements of Comprehensive Loss.

Securities_Owned_And_Securitie2

Securities Owned And Securities Sold, Not Yet Purchased (Narrative) (Detail) (USD $)	Mar. 31, 2014	Jun. 30, 2013
In Thousands, unless otherwise specified	Mar. 31, 2014	Jun. 30, 2013
Assets and Associated Liabilities of Transfers Accounted for as Secured Borrowings [Line Items]	'	'
Securities pledged as security deposits at clearing organization	$6,349	$3,000
TBA Purchase Agreements [Member]	'	'
Assets and Associated Liabilities of Transfers Accounted for as Secured Borrowings [Line Items]	'	'
Notional amount of TBA sale agreements	$812,501	'

Securities_Owned_And_Securitie3

Securities Owned And Securities Sold, Not Yet Purchased (Securities Owned And Securities Sold, Not Yet Purchased) (Detail) (USD $)	Mar. 31, 2014	Jun. 30, 2013
In Thousands, unless otherwise specified	Mar. 31, 2014	Jun. 30, 2013
Securities owned:	'	'
Corporate equity securities	$1,143	$1,520
Municipal obligations	67,719	30,116
U.S. government and government agency obligations	84,670	41,529
Corporate obligations	96,155	127,899
Other	39,282	8,569
Total securities owned	288,969	209,633
Securities sold, not yet purchased:	'	'
Corporate equity securities	3	'
Municipal obligations	'	10
U.S. government and government agency obligations	97,949	54,086
Corporate obligations	79,508	80,639
Total securities sold, not yet purchased	$177,460	$134,735

Securities_Held_To_Maturity_Na

Securities Held To Maturity (Narrative) (Detail) (USD $)	1 Months Ended	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2011	Mar. 31, 2014	Mar. 29, 2013	Mar. 31, 2014	Mar. 29, 2013
Securities Held To Maturity [Abstract]	'	'	'	'	'
GNMA securities at cost	$35,525	'	'	'	'
GNMA securities premium	525	'	'	'	'
Premium amortization period	'15 years	'	'	'	'
Weighted average yield	2.40%	'	'	'	'
Weighted average maturity	'2 years 1 month 6 days	'	'	'	'
Amortization of the premium	'	19	28	60	89
Principal and interest payments received	'	1,129	2,344	4,154	6,832
Interest income recorded	'	$106	$156	$344	$515

Securities_Held_To_Maturity_Sc

Securities Held To Maturity (Schedule Of Securities Held To Maturity) (Detail) (USD $)	Mar. 31, 2014	Jun. 30, 2013
In Thousands, unless otherwise specified	Mar. 31, 2014	Jun. 30, 2013
Securities Held To Maturity [Abstract]	'	'
Government National Mortgage Association ("GNMA") Securities	$13,553	$17,423

Securities_Held_To_Maturity_Sc1

Securities Held To Maturity (Schedule Of Amortized Cost And Estimated Fair Value Of Securities Held To Maturity) (Detail) (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014
Securities Held To Maturity [Abstract]	'
Due after ten years, Amortized cost	$13,553
Due after ten years, Fair value	13,899
Unrecognized holding gain	$346

Securities_PurchasedSold_Under

Securities Purchased/Sold Under Agreements to Resell/Repurchase (Reverse Repurchase Agreements And Repurchase Agreements) (Details) (USD $)	Mar. 31, 2014	Jun. 30, 2013
In Thousands, unless otherwise specified	Mar. 31, 2014	Jun. 30, 2013
Securities Purchased /Sold Under Agreements To Resell/Repurchase [Abstract]	'	'
Reverse Repurchase Agreements, Gross amounts of recognized assets/liabilities	$97,504	$51,996
Reverse Repurchase Agreements, Net amounts of assets presented in the statement of financial position	97,504	51,996
Reverse Repurchase Agreements, Gross amounts not offset in the statement of financial position, Financial instruments	-97,416	-51,808
Reverse Repurchase Agreements, Gross amounts not offset in the statement of financial position, net of collateral	88	188
Repurchase Agreements, Gross amounts of recognized assets/liabilities	69,961	37,012
Repurchase Agreements, Net amounts of assets presented in the statement of financial position	69,961	37,012
Repurchase Agreements, Gross amounts not offset in the statement of financial position, Financial instruments	-69,628	-37,012
Repurchase Agreements, Gross amounts not offset in the statement of financial position, Net Amount	$333	'

Securities_Available_For_Sale_1

Securities Available For Sale (Narrative) (Detail) (USD $)

1 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

12 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

Mar. 31, 2011

Mar. 31, 2014

Mar. 29, 2013

Mar. 31, 2014

Mar. 29, 2013

Mar. 31, 2014

Mar. 29, 2013

Mar. 31, 2014

Mar. 29, 2013

Jun. 30, 2013

Mar. 29, 2013

Mar. 31, 2014

Mar. 29, 2013

US Governments, State and Municipal Obligation Member [Member]

Municipal Obligations [Member]

Common Stock of U.S. Home Systems, Inc. [Member]

Securities [Member]

Schedule of Available-for-sale Securities [Line Items]

Securities purchased by bank

$35,525,000

$177,085,000

$319,836,000

Net premium on U.S. government and government agency and municipal obligations securities

525,000

2,335,000

6,279,000

Net premium amortization period

'15 years

'4 years 4 months 21 days

'4 years 15 days

Amortization of the premium

19,000

28,000

60,000

89,000

619,000

439,000

1,796,000

1,347,000

Principal and interest payments received

1,129,000

2,344,000

4,154,000

6,832,000

15,233,000

11,423,000

45,308,000

32,579,000

Interest income

106,000

156,000

344,000

515,000

3,764,000

1,754,000

9,617,000

5,347,000

Proceeds from the sale/maturity of available for sale securities

52,916,000

29,611,000

27,635,000

495,000

Gain on sale of U.S. government and government obligations

483,000

3,645,000

Redemption of securities

12,000,000

Gain on redemption of securities

7,000

Net realized gains on principal transactions

3,550,000

Reclassification adjustment from AOCI, net of tax

2,308,000

314,000

62,000

Reclassification adjustment from AOCI, before tax

3,550,000

483,000

95,000

Proceeds from sale of securities

$37,837,000

$24,557,000

Securities_Available_For_Sale_2

Securities Available For Sale (Summary Of Cost Of Equity Securities, Amortized Cost Of Debt Securities And Market Value Of Investments) (Detail) (USD $)	Mar. 31, 2014	Jun. 30, 2013
In Thousands, except Share data, unless otherwise specified	Mar. 31, 2014	Jun. 30, 2013
Schedule of Available-for-sale Securities [Line Items]	'	'
Original/Amortized Cost	$587,519	$513,393
Gross Unrealized Gains	745	308
Gross Unrealized Losses	-12,495	-10,394
Gross Realized Losses	-90	-31
Market Value	575,679	503,276
Westwood [Member]	'	'
Schedule of Available-for-sale Securities [Line Items]	'	'
Shares Held	2,219	3,405
Original/Amortized Cost	7	7
Gross Unrealized Gains	222	170
Gross Realized Losses	-90	-31
Market Value	139	146
US Government And Government Agency Obligations [Member]	'	'
Schedule of Available-for-sale Securities [Line Items]	'	'
Continuous unrealized loss less than 12 months, Original/Amortized Cost	507,461	479,970
Continuous unrealized loss for12 months or greater, Original/Amortized Cost	35,597	4,127
Continuous unrealized loss less than 12 months, Gross Unrealized Gains	350	138
Continuous unrealized loss less than 12 months, Gross Unrealized Losses	-10,415	-9,239
Continuous unrealized loss for12 months or greater, Gross Unrealized Losses	-1,402	-90
Continuous unrealized loss less than 12 months, Market Value	497,396	470,869
Continuous unrealized loss for 12 months or greater, Market Value	34,195	4,037
Municipal Obligations [Member]	'	'
Schedule of Available-for-sale Securities [Line Items]	'	'
Continuous unrealized loss less than 12 months, Original/Amortized Cost	44,454	29,289
Continuous unrealized loss less than 12 months, Gross Unrealized Gains	173	'
Continuous unrealized loss less than 12 months, Gross Unrealized Losses	-678	-1,065
Continuous unrealized loss less than 12 months, Market Value	$43,949	$28,224

Investments_And_Variable_Inter2

Investments And Variable Interest Entities (Narrative) (Detail) (USD $)

Mar. 31, 2014

Mar. 29, 2013

Mar. 31, 2014

Mar. 29, 2013

Jun. 30, 2013

Mar. 31, 2014

Mar. 29, 2013

Mar. 31, 2014

Mar. 29, 2013

Jun. 30, 2013

Mar. 31, 2014

Mar. 29, 2013

Dec. 31, 2012

Mar. 31, 2014

Sep. 26, 2012

Nov. 16, 2009

Jan. 29, 2009

Jan. 28, 2009

Mar. 29, 2013

Mar. 31, 2014

Jun. 30, 2013

Apr. 30, 2012

Mar. 31, 2014

item

Venture Capital Fund [Member]

Limited Partnership Equity Funds [Member]

Loan Agreement With Limited Partnership [Member]

Investments In Private Investment Funds [Member]

item

Limited Partnership Equity Fund One [Member]

Limited Partnership Equity Fund Two [Member]

item

Invested Pursuant To Capital Calls [Member]

Schedule of Equity Method Investments [Line Items]

Number of investment partnerships

Aggregate commitment for limited partnership equity fund

$5,000,000

$3,000,000

$2,000,000

$3,000,000

Value of interest in investment funds

530,000

513,000

312,000

62,000

Net gain (loss) on equity method investment equity funds

13,000

16,000

17,000

48,000

-1,016,000

-418,000

-770,000

568,000

50,000

Cash distributions from investment

340,000

2,400,000

Bank investments from aggregate commitment

3,012,000

3,782,000

480,000

300,000

Loan agreement executed

5,000,000

4,500,000

Increase in note amount post loan amendment

5,000,000

Bank loan outstanding balance

3,152,000

Bank loan interest rate floor

4.25%

Interest income earned

$33,000

$30,000

$55,000

$111,000

$89,000

Loan maturity date

31-Dec-15

2-Jan-13

Investments_And_Variable_Inter3

Investments And Variable Interest Entities (Carrying Amount And Maximum Exposure To Loss Associated With The Company's Variable Interests In Unconsolidated VIEs) (Detail) (Loans To Commercial Borrowers [Member], USD $)	9 Months Ended	12 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Jun. 30, 2013
	entity	entity
Loans To Commercial Borrowers [Member]	'	'
Schedule of Variable Interest Entities for Loans to Commercial Borrowers [Line Items]	'	'
Number of VIEs	11	17
Carrying Amount of Assets	$5,598	$10,639
Maximum Exposure to Loss	$4,277	$9,072

REO_And_Other_Repossessed_Asse1

REO And Other Repossessed Assets (Detail) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 29, 2013	Mar. 31, 2014	Mar. 29, 2013
REO And Other Repossessed Assets [Abstract]	'	'	'	'
Write-downs required to reflect current fair value	$62	$549	$263	$1,475

Servicing_Assets_Detail

Servicing Assets (Detail) (USD $)	3 Months Ended		9 Months Ended		12 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 29, 2013	Mar. 31, 2014	Mar. 29, 2013	Jun. 30, 2013
Servicing Assets [Abstract]	'	'	'	'	'
SBA loans sold	'	'	$5,934	'	$17,664
Gain on sale of SBA loans	'	'	493	'	2,253
Servicing asset recorded	'	116	'	'	'
Servicing assets	493	'	493	'	412
Impairment of servicing assets	($17)	$0	$16	$0	'

Interest_Rate_Swaps_Detail

Interest Rate Swaps (Detail) (USD $)	3 Months Ended		9 Months Ended				3 Months Ended	9 Months Ended	3 Months Ended
	Mar. 31, 2014	Mar. 29, 2013	Mar. 31, 2014	Jun. 30, 2013	Mar. 31, 2014	Jun. 30, 2013	Mar. 31, 2014	Mar. 31, 2014	Dec. 31, 2013
	item		item		Related To Fixed Rate Loan Transactions [Member]	Related To Fixed Rate Loan Transactions [Member]	Liability Position Swaps [Member]	Liability Position Swaps [Member]	Interest Rate Swaps [Member]
									item
Derivative [Line Items]	'	'	'	'	'	'	'	'	'
Notional amount of interest rate swap agreements designated as cash flow hedging instruments	$115,000,000	'	$115,000,000	$100,000,000	$51,071,000	$13,902,000	'	'	'
Fair value of interest rate swap agreements included in other assets	653,000	'	653,000	1,789,000	50,000	145,000	'	'	'
Losses on derivatives	494,000	'	145,000	'	'	'	286,000	286,000	'
Losses for cash flow hedging ineffectiveness	208,000	'	'	'	'	'	'	'	'
Number of interest rate swaps terminated	2	'	2	'	'	'	'	'	1
Liability position swaps terminated	'	'	'	'	'	'	446,000	446,000	'
Gain for cash flow hedging ineffectiveness	'	'	141,000	'	'	'	'	'	'
Paid to terminate interest rate swap	'	'	458,000	'	'	'	'	'	12,000
Losses as a result of changes in fair value of interest rate swaps not designated as cash flow hedges	'	$266,000	$106,000	'	'	'	'	'	'

ShortTerm_Borrowings_Narrative

Short-Term Borrowings (Narrative) (Detail) (USD $)	9 Months Ended	12 Months Ended
Short-Term Borrowings (Narrative) (Detail) (USD $)	Mar. 31, 2014	Jun. 30, 2013
Short-term Debt [Line Items]	'	'
Amount of unsecured letters of credit outstanding	'	$50,000,000
Minimum tangible net worth	275,000,000	'
Unsecured Credit Facility [Member]	'	'
Short-term Debt [Line Items]	'	'
Total amount available for borrowing	20,000,000	'
Letters Of Credit [Member]	'	'
Short-term Debt [Line Items]	'	'
Interest rate of letter of credit	0.50%	'
Maximum amount available under letter of credit agreement	75,000,000	'
Letter of credit collateralized marketable securities	'	71,035,000
Unsecured Revolving Credit Facility [Member]	'	'
Short-term Debt [Line Items]	'	'
Available client securities under customer margin loans to be pledged	337,688,000	329,013,000
Pledged customer securities	32,194,000	18,408,000
Commercial Banking [Member]	'	'
Short-term Debt [Line Items]	'	'
Federal funds rate plus basis points	0.005	'
Total amount available for borrowing	40,479,000	28,267,000
Southwest Securities [Member] \| Uncommitted Credit Facility [Member]	'	'
Short-term Debt [Line Items]	'	'
Broker loan lines	400,000,000	'
Federal funds rate	0.06%	0.07%
Amount outstanding under credit agreements	50,000,000	86,500,000
Value of collateralized securities	111,194,000	120,568,000
Southwest Securities [Member] \| Unsecured Credit Facility [Member]	'	'
Short-term Debt [Line Items]	'	'
Broker loan lines	20,000,000	20,000,000
Amount of unsecured letters of credit outstanding	0	'
Southwest Securities [Member] \| Committed Lines Of Credit [Member]	'	'
Short-term Debt [Line Items]	'	'
Amount of unsecured letters of credit outstanding	0	45,000,000
Agreement with an unaffiliated bank secured, uncommitted revolving credit	45,000,000	'
Commitment fee	0.00375	'
Federal funds rate plus basis points	0.0125	'
Minimum tangible net worth	150,000,000	'
Collateral of secured borrowings	'	68,605,000
Option Clearing Corporation [Member]	'	'
Short-term Debt [Line Items]	'	'
Pledged customer securities	$81,809,073	'

Deposits_Narrative_Detail

Deposits (Narrative) (Detail)	Mar. 31, 2014	Jun. 30, 2013
Deposits [Abstract]	'	'
Weighted average interest rate	0.04%	0.04%

Deposits_Bank_Core_Deposits_De

Deposits (Bank Core Deposits) (Detail) (USD $)	Mar. 31, 2014	Jun. 30, 2013
In Thousands, unless otherwise specified	Mar. 31, 2014	Jun. 30, 2013
Deposit [Line Items]	'	'
Noninterest bearing demand accounts	5.80%	5.50%
Interest bearing demand accounts	0.90%	0.80%
Savings accounts	88.80%	88.90%
Limited access money market accounts	1.80%	1.70%
Bank core deposits	100.00%	100.00%
Noninterest bearing demand accounts	$58,242	$55,221
Interest bearing demand accounts	8,993	7,723
Savings accounts	883,823	883,229
Limited access money market accounts	17,461	17,212
Bank core deposits	995,601	993,719
Certificates of Deposit Less Than $100,000 [Member]	'	'
Deposit [Line Items]	'	'
Certificates of deposit	1.60%	1.80%
Certificates of deposit, less than $100,000	16,015	17,829
Certificates of Deposit $100,000 and Greater [Member]	'	'
Deposit [Line Items]	'	'
Certificates of deposit	1.10%	1.30%
Certificates of deposit, $100,000 and greater	$11,067	$12,505

Deposits_Scheduled_Maturities_

Deposits (Scheduled Maturities Of Certificates Of Deposit) (Detail) (USD $)	Mar. 31, 2014
In Thousands, unless otherwise specified	Mar. 31, 2014
Remaining Contract Maturity Of Fair Value Of Liabilities [Line Items]	'
1 Year or Less	$22,216
> 1 Year Through 2 Years	3,220
> 2 Years Through 3 Years	842
> 3 Years Through 4 Years	439
Thereafter	365
Total	27,082
Certificates of Deposit Less Than $100,000 [Member]	'
Remaining Contract Maturity Of Fair Value Of Liabilities [Line Items]	'
1 Year or Less	13,057
> 1 Year Through 2 Years	1,877
> 2 Years Through 3 Years	379
> 3 Years Through 4 Years	337
Thereafter	365
Total	16,015
Certificates of Deposit $100,000 and Greater [Member]	'
Remaining Contract Maturity Of Fair Value Of Liabilities [Line Items]	'
1 Year or Less	9,159
> 1 Year Through 2 Years	1,343
> 2 Years Through 3 Years	463
> 3 Years Through 4 Years	102
Total	$11,067

Advances_From_The_Federal_Home2

Advances From The Federal Home Loan Bank (Narrative) (Detail) (USD $)	3 Months Ended		9 Months Ended
	Mar. 31, 2014	Mar. 29, 2013	Mar. 31, 2014	Mar. 29, 2013	Jun. 30, 2013
Advances From The Federal Home Loan Bank [Abstract]	'	'	'	'	'
Interest range, FHLB	1.00%	'	1.00%	'	1.00%
Interest range, FHLB	6.00%	'	6.00%	'	6.00%
Collateral value	$193,154,000	'	$193,154,000	'	$181,000,000
Weighted average interest rate	2.60%	'	2.60%	'	2.70%
Prepayment penalty due to restructuring of FHLB advances	166,000	'	166,000	'	'
Amortization of prepayment penalty on advances from FHLB	11,000	11,000	34,000	22,000	'
Borrowing capacity with the FHLB	'	'	$102,149,000	'	'

Advances_From_The_Federal_Home3

Advances From The Federal Home Loan Bank (Schedule Of Advances From The Federal Home Loan Bank) (Detail) (USD $)	Mar. 31, 2014	Jun. 30, 2013
In Thousands, unless otherwise specified	Mar. 31, 2014	Jun. 30, 2013
Advances From The Federal Home Loan Bank [Abstract]	'	'
Due in one year	$10,127	$15,486
Due in two years	4,620	1,859
Due in five years	52,018	48,956
Due in seven years	12,195	12,809
Due in ten years	4,710	8,424
Due in twenty years	8,858	10,163
Total	92,528	97,697
Restructuring prepayment penalty	-98	-132
Federal Home Loan Bank Advances, net	$92,430	$97,565

Debt_Issued_With_Stock_Purchas1

Debt Issued With Stock Purchase Warrants (Narrative) (Detail) (USD $)	0 Months Ended	3 Months Ended		9 Months Ended		12 Months Ended
	Jul. 29, 2011	Mar. 31, 2014	Mar. 29, 2013	Mar. 31, 2014	Mar. 29, 2013	Jun. 30, 2013
Class of Warrant or Right [Line Items]	'	'	'	'	'	'
Unsecured loan	$100,000,000	'	'	'	'	'
Term of loan	'5 years	'	'	'	'	'
Minimum ownership percentage of outstanding shares for appointment of Director	9.90%	'	'	'	'	'
Minimum ownership percentage of convertible securities for appointment of Director	9.90%	'	'	'	'	'
Weighted average anti-dilution rate	'	'	'	90.00%	'	'
Warrants as a percentage of common stock	'	'	'	17.00%	'	'
Ownership limit of securities	'	'	'	24.90%	'	'
Series A preferred stock issued	'	0	'	0	'	0
Closing stock price	$5.45	'	'	$7.48	'	$5.45
Fair value of warrants	24,136,000	31,033,000	'	31,033,000	'	24,197,000
Unrealized loss on warrants valuation	'	6,745,000	3,840,000	6,836,000	264,000	'
Stated loan interest rate	8.00%	'	'	'	'	'
Effective loan interest rate	14.90%	'	'	'	'	'
Discount on the loan	24,136,000	'	'	'	'	'
Accretion expense on the discount	'	1,187,000	1,024,000	3,435,000	2,963,000	'
Long term debt	'	86,537,000	'	86,537,000	'	83,102,000
Interest expense on the loan	'	123,000	369,000	123,000	369,000	'
Legal, accounting, printing costs and other expenses associated with the loan and warrants	2,459,000	'	'	'	'	'
Minimum tangible net worth	'	275,000,000	'	275,000,000	'	'
Percentage of net tangible worth of consolidated net income	'	'	'	20.00%	'	'
Minimum unrestricted cash balance	'	4,000,000	'	4,000,000	'	'
Excess net capital balance	'	100,000,000	'	100,000,000	'	'
Series A Preferred Stock [Member]	'	'	'	'	'	'
Class of Warrant or Right [Line Items]	'	'	'	'	'	'
Series A preferred stock issued	'	0	'	0	'	0
Series A preferred stock outstanding	'	0	'	0	'	0
Hilltop [Member]	'	'	'	'	'	'
Class of Warrant or Right [Line Items]	'	'	'	'	'	'
Warrants issuance	8,695,652	'	'	'	'	'
Oak Hill [Member]	'	'	'	'	'	'
Class of Warrant or Right [Line Items]	'	'	'	'	'	'
Warrants issuance	8,695,652	'	'	'	'	'
OakHill and Hilltop [Member]	'	'	'	'	'	'
Class of Warrant or Right [Line Items]	'	'	'	'	'	'
Term of warrants, years	'5 years	'	'	'	'	'
Fixed exercise price warrants	$5.75	'	'	'	'	'
Interest expense on the loan	'	2,000,000	6,000,000	2,000,000	6,000,000	'
Debt Issued With Stock Purchase Warrants [Member]	'	'	'	'	'	'
Class of Warrant or Right [Line Items]	'	'	'	'	'	'
Total Interest expense on the Consolidated Statements of Income (Loss) and Comprehensive Income (Loss)	'	$3,310,000	$3,147,000	$9,804,000	$9,332,000	'

Income_Taxes_Narrative_Detail

Income Taxes (Narrative) (Detail) (USD $)	3 Months Ended		9 Months Ended		12 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 29, 2013	Mar. 31, 2014	Mar. 29, 2013	Jun. 30, 2013
Income Taxes [Abstract]	'	'	'	'	'
Effective income tax rate	-7.20%	40.20%	-0.40%	66.70%	'
Federal corporate tax rate	'	'	35.00%	'	35.00%
Decrease in valuation allowance	'	'	$3,325	'	'
Unrealized losses on securities available for sale	4,190	'	4,190	'	3,589
Deferred tax asset for federal net operating losses	11,940	'	11,940	'	10,507
Unrecognized tax benefits	142	'	142	'	'
Decrease in unrecognized tax benefits	'	'	153	'	'
Accrued interest and penalties included in the net liability	34	'	34	'	9
Recognized interest and penalties in income tax expense	7	2	25	-193	'
Unrecognized income tax benefits that would reduce income tax expense if recognized	$108	'	$108	'	$286

Income_Taxes_Summary_Of_Income

Income Taxes (Summary Of Income Tax Expense (Benefit)) (Detail) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 29, 2013	Mar. 31, 2014	Mar. 29, 2013
Income Taxes [Abstract]	'	'	'	'
Income tax expense at the statutory rate	($2,860)	($3,344)	($2,361)	($1,042)
Tax exempt interest	-293	-220	-759	-724
Tax exempt expense from company-owned life insurance ("COLI")	-31	-277	-564	-384
State income taxes, net of federal tax benefit	77	-66	65	-415
Non-deductible meals and entertainment	23	77	88	156
Non-deductible compensation	58	247	104	763
Valuation allowance	3,546	-256	3,390	-256
Other, net	66	1	64	-83
Income tax expense (benefit)	$586	($3,838)	$27	($1,985)

Income_Taxes_Deferred_Tax_Asse

Income Taxes (Deferred Tax Assets And Deferred Tax Liabilities) (Detail) (USD $)	Mar. 31, 2014	Jun. 30, 2013
In Thousands, unless otherwise specified	Mar. 31, 2014	Jun. 30, 2013
Deferred tax assets:	'	'
Employee compensation plans	$10,102	$11,378
Net operating loss carryforward	11,940	10,507
Allowance for probable loan losses	2,673	3,400
Securities available for sale	4,190	3,589
Bad debt reserve	1,871	2,177
Deferred rent	1,912	1,631
State taxes	909	909
Investment in unconsolidated ventures	994	909
Deferred income on loans	772	810
REO	431	139
Long-term debt	2,538	'
Other	911	513
Gross deferred tax assets	39,243	35,962
Valuation allowance	-34,195	-30,870
Net deferred tax assets	5,048	5,092
Deferred tax liabilities:	'	'
Interest rate swaps in cash flow hedging relationships	-123	-626
Fixed assets, net	-196	-426
Investment in unconsolidated ventures	'	-120
Long-term debt	'	-82
Other	-539	-249
Total gross deferred tax liabilities	-858	-1,503
Net deferred tax assets - included in other assets on the Consolidated Statements of Financial Condition	$4,190	$3,589

Regulatory_Capital_Requirement2

Regulatory Capital Requirements (Narrative) (Detail)	Mar. 31, 2014	Jun. 30, 2013
Compliance With Regulatory Capital Requirements Under Banking Regulations [Line Items]	'	'
Tier I risk-based capital ratio in order to be well-capitalized	6.00%	6.00%
Tier I (core) capital ratio required in order to be well-capitalized	5.00%	5.00%
Risk-based capital ratio required in order to be well-capitalized	10.00%	10.00%
Committment In Connection With Termination Of Order To Cease And Desist [Member]	'	'
Compliance With Regulatory Capital Requirements Under Banking Regulations [Line Items]	'	'
Tier I (core) capital ratio required in order to be well-capitalized	9.00%	'
Risk-based capital ratio required in order to be well-capitalized	12.00%	'

Regulatory_Capital_Requirement3

Regulatory Capital Requirements (Schedule Of Net Capital Position Of Southwest Securities) (Detail) (Southwest Securities [Member], USD $)	Mar. 31, 2014	Jun. 30, 2013
In Thousands, unless otherwise specified	Mar. 31, 2014	Jun. 30, 2013
Southwest Securities [Member]	'	'
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]	'	'
Net Capital, Total	$148,201	$141,112
Less: required net capital	6,747	6,843
Excess net capital	141,454	134,269
Net capital as a percent of aggregate debit items	43.90%	41.20%
Net capital in excess of 5% aggregate debit items	$131,334	$124,005

Regulatory_Capital_Requirement4

Regulatory Capital Requirements (Schedule Of Net Capital Position Of SWS Financial) (Detail) (SWS Financial Services, Inc. [Member], USD $)	Mar. 31, 2014	Jun. 30, 2013
In Thousands, unless otherwise specified	Mar. 31, 2014	Jun. 30, 2013
SWS Financial Services, Inc. [Member]	'	'
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]	'	'
Net Capital, Total	$935	$713
Less: required net capital	250	250
Excess net capital	$685	$463

Regulatory_Capital_Requirement5

Regulatory Capital Requirements (Summary Of Bank's Capital Amounts And Ratios) (Detail) (USD $)	Mar. 31, 2014	Jun. 30, 2013
In Thousands, unless otherwise specified	Mar. 31, 2014	Jun. 30, 2013
Regulatory Capital Requirements [Abstract]	'	'
Actual Amount, Total risk-based capital	$184,452	$181,909
Actual Amount, Tier I risk-based capital	176,360	172,734
Actual Amount,Tier I (core) capital	176,360	172,734
Actual Ratio, Total risk-based capital	27.40%	24.90%
Actual Ratio, Tier I risk-based capital	26.20%	23.60%
Actual Ratio, Tier I (core) capital	13.90%	13.50%
For Capital Adequacy Purposes Amount, Total risk-based capital	53,934	58,465
For Capital Adequacy Purposes Amount, Tier I risk-based capital	26,967	29,233
For Capital Adequacy Purposes Amount, Tier I (core) capital	50,819	51,081
For Capital Adequacy Purposes Ratio, Total risk-based capital	8.00%	8.00%
For Capital Adequacy Purposes Ratio, Tier I risk-based capital	4.00%	4.00%
For Capital Adequacy Purposes Ratio,Tier I (core) capital	4.00%	4.00%
To Be Well Capitalized Under Prompt Corrective Action Provisions, Total risk-based capital	67,418	73,081
To Be Well Capitalized Under Prompt Corrective Action Provisions, Tier I risk-based capital	40,451	43,849
To Be Well Capitalized Under Prompt Corrective Action Provisions, Tier I (core) capital	$63,524	$63,851
To Be Well Capitalized Under Prompt Corrective Action Provisions, Total risk-based capital	10.00%	10.00%
To Be Well Capitalized Under Prompt Corrective Action Provisions, Tier I risk-based capital	6.00%	6.00%
To Be Well Capitalized Under Prompt Corrective Action Provisions, Tier I (core) capital	5.00%	5.00%

Employee_Benefits_Narrative_De

Employee Benefits (Narrative) (Detail) (USD $)	3 Months Ended	9 Months Ended			9 Months Ended		3 Months Ended	9 Months Ended
	Mar. 29, 2013	Mar. 29, 2013	Mar. 31, 2014	Jun. 30, 2013	Mar. 31, 2014	Mar. 29, 2013	Mar. 31, 2014	Mar. 31, 2014	Mar. 29, 2013
	Mar. 29, 2013	Mar. 29, 2013	Mar. 31, 2014	Jun. 30, 2013	Shares Repurchased In Connection With Income Tax Withholding Obligations [Member]	Shares Repurchased In Connection With Income Tax Withholding Obligations [Member]	Restricted Stock [Member]	Restricted Stock [Member]	Restricted Stock [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items]	'	'	'	'	'	'	'	'	'
Restricted stock award grants, shares	'	'	'	'	'	'	'	199,891	65,079
Restricted stock award, weighted average market value per share	'	'	'	'	'	'	'	$5.64	$4.84
Deferred compensation for restricted stock recorded in additional paid in capital	'	'	'	'	'	'	$1,443,000	$1,443,000	'
Deferred compensation expense	275,000	883,000	'	'	'	'	261,000	641,000	'
Common shares purchased by deferred compensation plan	'	'	'	'	1,094	4,647	'	'	'
Common stock value purchased by deferred compensation plan	'	'	$6,203,000	$7,732,000	$6,100	$27,000	'	'	'
Common stock price per share, purchased by deferred compensation plan	'	'	'	'	$5.55	$5.78	'	'	'
Total number of shares outstanding under the Restricted Stock Plan	'	'	417,137	'	'	'	'	'	'
Total number of shares available for restricted stock plan future grants	'	'	2,383,016	'	'	'	'	'	'

Repurchase_Of_Treasury_Stock_D

Repurchase Of Treasury Stock (Details) (USD $)	Mar. 31, 2014	Jun. 30, 2013	Mar. 31, 2014	Mar. 29, 2013
Repurchase Of Treasury Stock (Details) (USD $)	Mar. 31, 2014	Jun. 30, 2013	Deferred Compensation Plan [Member]	Deferred Compensation Plan [Member]
Equity, Class of Treasury Stock [Line Items]	'	'	'	'
Stock repurchase program expiration date	28-Feb-13	'	'	'
Shares authorized to be repurchased	500,000	'	'	'
Common shares purchased by deferred compensation plan	'	'	50,000	20,675
Common stock value purchased by deferred compensation plan	$6,203,000	$7,732,000	$288,000	$121,000
Common stock price per share, purchased by deferred compensation plan	'	'	$5.76	$5.86
Common stock sold or distributed pursuant to the plan	'	'	37,575	24,867

Preferred_Stock_Narrative_Deta

Preferred Stock (Narrative) (Detail) (USD $)	Mar. 31, 2014	Jun. 30, 2013
Equity [Line Items]	'	'
Preferred Stock ,par value	$1	$1
Authorized shares of series A preferred stock	100,000	100,000
Preferred Stock, issued	0	0
Series A Preferred Stock [Member]	'	'
Equity [Line Items]	'	'
Preferred Stock ,par value	$1	'
Authorized shares of series A preferred stock	17,400	'
Preferred Stock, issued	0	0
Preferred Stock, outstanding	0	0
Preferred stock convertible into shares of common stock at a fixed conversion ratio	1,000	'

Interest_Income_And_Interest_E2

Interest Income And Interest Expense (Schedule Of Components Of Interest Income And Expense) (Detail) (USD $)	3 Months Ended		9 Months Ended
	Mar. 31, 2014	Mar. 29, 2013	Mar. 31, 2014	Mar. 29, 2013
Interest expense	$11,814,000	$11,301,000	$34,311,000	$33,328,000
Total net interest revenue	10,459,000	11,499,000	31,190,000	39,368,000
Interest Income [Member]	'	'	'	'
Customer margin accounts	2,185,000	1,997,000	6,683,000	6,276,000
Assets segregated for regulatory purposes	31,000	30,000	96,000	90,000
Stock borrowed	9,372,000	8,756,000	26,115,000	25,502,000
Loans	6,255,000	8,519,000	20,023,000	29,633,000
Bank investments	2,971,000	1,688,000	8,383,000	4,921,000
Other	1,459,000	1,810,000	4,201,000	6,274,000
Interest income	22,273,000	22,800,000	65,501,000	72,696,000
Interest Expense [Member]	'	'	'	'
Customer funds on deposit	26,000	60,000	93,000	173,000
Stock loaned	7,130,000	6,571,000	19,885,000	18,854,000
Deposits	86,000	102,000	271,000	372,000
Federal Home Loan Bank	610,000	627,000	1,927,000	2,060,000
Long-term debt	3,310,000	3,147,000	9,804,000	9,332,000
Other	652,000	794,000	2,331,000	2,537,000
Interest expense	$11,814,000	$11,301,000	$34,311,000	$33,328,000

Loss_Per_Share_EPS_Narrative_D

Loss Per Share ("EPS") (Narrative) (Details) (USD $)	3 Months Ended	9 Months Ended
Loss Per Share ("EPS") (Narrative) (Details) (USD $)	Mar. 31, 2014	Mar. 31, 2014
Loss Per Share ("EPS") [Abstract]	'	'
Anti-dilutive shares excluded from weighted average shares calculation	17,391,304	17,391,304
Quarterly cash dividend paid	'	$0.01

Loss_Per_Share_EPS_Summary_of_

Loss Per Share ("EPS") (Summary of Basic And Diluted EPS Computations) (Details) (USD $)	3 Months Ended		9 Months Ended
In Thousands, except Share data, unless otherwise specified	Mar. 31, 2014	Mar. 29, 2013	Mar. 31, 2014	Mar. 29, 2013
Loss Per Share ("EPS") [Abstract]	'	'	'	'
Adjusted net loss	($8,757)	($5,718)	($6,774)	($993)
Weighted average shares outstanding - basic	33,020,499	32,896,805	32,987,933	32,857,860
Effect of dilutive securities	'	'	'	'
Weighted average shares outstanding - diluted	33,020,499	32,896,805	32,987,933	32,857,860
Earnings (loss) per share - basic	($0.27)	($0.17)	($0.21)	($0.03)
Earnings (loss) per share - diluted	($0.27)	($0.17)	($0.21)	($0.03)

Segment_Reporting_Narrative_De

Segment Reporting (Narrative) (Details) (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Jun. 30, 2013	Mar. 29, 2013
	segment	Jun. 30, 2013	Mar. 29, 2013
Segment Reporting, Asset Reconciling Item [Line Items]	'	'	'
Number of business segments	4	'	'
Assets	$4,050,226	$3,780,373	$3,996,485
SWS Capital	'	'	'
Segment Reporting, Asset Reconciling Item [Line Items]	'	'	'
Assets	$20	'	'

Segment_Reporting_Summary_Of_O

Segment Reporting (Summary Of Operating Information By Segments) (Details) (USD $)	3 Months Ended				9 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014		Mar. 29, 2013		Mar. 31, 2014		Mar. 29, 2013		Jun. 30, 2013
Segment Reporting, Revenue Reconciling Item [Line Items]	'		'		'		'		'
Operating revenue	$77,488		$78,055		$237,466		$249,536		'
Net revenues	65,674		66,754		203,155		216,208		'
Non-interest expenses	67,100		72,470		203,066		218,922		'
Other gains (losses)	-6,745		-3,840		-6,836		-264		'
Net income (loss) before taxes	-8,171		-9,556		-6,747		-2,978		'
Total assets	4,050,226		3,996,485		4,050,226		3,996,485		3,780,373
Operating Segments [Member]	'		'		'		'		'
Segment Reporting, Revenue Reconciling Item [Line Items]	'		'		'		'		'
Operating revenue	55,215		55,255		171,965		176,840		'
Net interest revenue	10,459		11,499		31,190		39,368		'
Net revenues	65,674		66,754		203,155		216,208		'
Non-interest expenses	67,100		72,470		203,066		218,922		'
Other gains (losses)	-6,745		-3,840		-6,836		-264		'
Depreciation and amortization	1,355		1,362		4,076		4,103		'
Net income (loss) before taxes	-8,171		-9,556		-6,747		-2,978		'
Total assets	3,960,549	[1]	3,902,580	[1]	3,960,549	[1]	3,902,580	[1]	'
Clearing [Member] \| Operating Segments [Member]	'		'		'		'		'
Segment Reporting, Revenue Reconciling Item [Line Items]	'		'		'		'		'
Operating revenue	3,567		3,060		10,574		9,556		'
Net interest revenue	1,551		1,451		4,519		4,634		'
Net revenues	5,118		4,511		15,093		14,190		'
Non-interest expenses	4,139		5,128		13,002		14,727		'
Depreciation and amortization	5		16		16		50		'
Net income (loss) before taxes	979		-617		2,091		-537		'
Total assets	257,178	[1]	264,528	[1]	257,178	[1]	264,528	[1]	'
Clearing [Member] \| Net Intersegment Revenue [Member]	'		'		'		'		'
Segment Reporting, Revenue Reconciling Item [Line Items]	'		'		'		'		'
Operating revenue	-185		-182		-544		-535		'
Retail Brokerage [Member] \| Operating Segments [Member]	'		'		'		'		'
Segment Reporting, Revenue Reconciling Item [Line Items]	'		'		'		'		'
Operating revenue	26,902		26,982		82,844		79,463		'
Net interest revenue	820		815		2,787		2,524		'
Net revenues	27,722		27,797		85,631		81,987		'
Non-interest expenses	25,367		27,489		78,022		80,832		'
Depreciation and amortization	200		220		652		658		'
Net income (loss) before taxes	2,355		308		7,609		1,155		'
Total assets	221,020	[1]	219,729	[1]	221,020	[1]	219,729	[1]	'
Retail Brokerage [Member] \| Net Intersegment Revenue [Member]	'		'		'		'		'
Segment Reporting, Revenue Reconciling Item [Line Items]	'		'		'		'		'
Operating revenue	185		176		544		524		'
Institutional Brokerage [Member] \| Operating Segments [Member]	'		'		'		'		'
Segment Reporting, Revenue Reconciling Item [Line Items]	'		'		'		'		'
Operating revenue	25,060		23,329		75,682		82,409		'
Net interest revenue	2,789		2,836		7,435		9,209		'
Net revenues	27,849		26,165		83,117		91,618		'
Non-interest expenses	21,763		21,334		64,877		67,523		'
Depreciation and amortization	76		104		239		313		'
Net income (loss) before taxes	6,086		4,831		18,240		24,095		'
Total assets	2,209,620	[1]	2,078,603	[1]	2,209,620	[1]	2,078,603	[1]	'
Institutional Brokerage [Member] \| Net Intersegment Revenue [Member]	'		'		'		'		'
Segment Reporting, Revenue Reconciling Item [Line Items]	'		'		'		'		'
Operating revenue	-5		-74		-16		-133		'
Banking [Member] \| Operating Segments [Member]	'		'		'		'		'
Segment Reporting, Revenue Reconciling Item [Line Items]	'		'		'		'		'
Operating revenue	-235		1,062		1,638		1,822		'
Net interest revenue	8,530		9,478		26,208		32,122		'
Net revenues	8,295		10,540		27,846		33,944		'
Non-interest expenses	6,228		9,354		19,260		28,505		'
Depreciation and amortization	357		442		1,141		1,308		'
Net income (loss) before taxes	2,067		1,186		8,586		5,439		'
Total assets	1,262,386	[1]	1,275,842	[1]	1,262,386	[1]	1,275,842	[1]	'
Banking [Member] \| Net Intersegment Revenue [Member]	'		'		'		'		'
Segment Reporting, Revenue Reconciling Item [Line Items]	'		'		'		'		'
Operating revenue	792		846		2,472		2,607		'
Other Consolidated Entities [Member] \| Operating Segments [Member]	'		'		'		'		'
Segment Reporting, Revenue Reconciling Item [Line Items]	'		'		'		'		'
Operating revenue	-79		822		1,227		3,590		'
Net interest revenue	-3,231		-3,081		-9,759		-9,121		'
Net revenues	-3,310		-2,259		-8,532		-5,531		'
Non-interest expenses	9,603		9,165		27,905		27,335		'
Other gains (losses)	-6,745		-3,840		-6,836		-264		'
Depreciation and amortization	717		580		2,028		1,774		'
Net income (loss) before taxes	-19,658		-15,264		-43,273		-33,130		'
Total assets	10,345	[1]	63,878	[1]	10,345	[1]	63,878	[1]	'
Other Consolidated Entities [Member] \| Net Intersegment Revenue [Member]	'		'		'		'		'
Segment Reporting, Revenue Reconciling Item [Line Items]	'		'		'		'		'
Operating revenue	($787)		($766)		($2,456)		($2,463)		'

[1]	(*) Assets are reconciled to total assets as presented in the March 31, 2014 and March 29, 2013 Consolidated Statements of Financial Condition as follows (in thousands):March 31, 2014March 29, 2013Amount as presented above$B B B B B B B B B 3,960,549B $B B B B B B B B B 3,902,580B Reconciling items:Unallocated assets:Cash 19,901B 17,262B Receivables from brokers, dealers and clearing organizations 29,247B 32,536B Receivable from clients, net of allowances 22,832B 27,536B Other assets 30,853B 16,661B Unallocated eliminations (13,156) (90)Total assets$B B B B B B B B B 4,050,226B $B B B B B B B B B 3,996,485

Segment_Reporting_Summary_Of_R

Segment Reporting (Summary Of Reconciliation Of Assets) (Details) (USD $)	Mar. 31, 2014		Jun. 30, 2013	Mar. 29, 2013
In Thousands, unless otherwise specified	Mar. 31, 2014		Jun. 30, 2013	Mar. 29, 2013
Unallocated assets:	'		'	'
Receivables from brokers, dealers and clearing organizations	$1,869,238		$1,698,474	'
Receivable from clients, net of allowances	264,038		286,446	'
Other assets	97,928		91,160	'
Total assets	4,050,226		3,780,373	3,996,485
Operating Segments [Member]	'		'	'
Unallocated assets:	'		'	'
Total assets	3,960,549	[1]	'	3,902,580	[1]
Unallocated [Member]	'		'	'
Unallocated assets:	'		'	'
Cash	19,901		'	17,262
Receivables from brokers, dealers and clearing organizations	29,247		'	32,536
Receivable from clients, net of allowances	22,832		'	27,536
Other assets	30,853		'	16,661
Unallocated eliminations	($13,156)		'	($90)

[1]	(*) Assets are reconciled to total assets as presented in the March 31, 2014 and March 29, 2013 Consolidated Statements of Financial Condition as follows (in thousands):March 31, 2014March 29, 2013Amount as presented above$B B B B B B B B B 3,960,549B $B B B B B B B B B 3,902,580B Reconciling items:Unallocated assets:Cash 19,901B 17,262B Receivables from brokers, dealers and clearing organizations 29,247B 32,536B Receivable from clients, net of allowances 22,832B 27,536B Other assets 30,853B 16,661B Unallocated eliminations (13,156) (90)Total assets$B B B B B B B B B 4,050,226B $B B B B B B B B B 3,996,485

Recovered_Sheet6

Commitments Contingencies And Guarantees (Narrative) (Details) (USD $)	9 Months Ended
	Mar. 31, 2014	Jun. 30, 2013
Commitments And Contingencies [Line Items]	'	'
Underwritten percentage of offering value	40.00%	'
Bond offering value	$35,000,000	'
Lawsuit liability	1,000,000	1,000,000
Investment liability penalty	3,000,000	'
Potential liability due under outstanding underwriting arrangements	540,000	'
Maximum potential amount of future payments for letter of credit	137,000	'
Revolving lines of credit, unfunded commitments	57,521,000	'
Unfunded new loans	43,759,000	'
Partnership Interest [Member]	'	'
Commitments And Contingencies [Line Items]	'	'
Investment liability penalty	1,870,000	'
Venture Capital Fund [Member]	'	'
Commitments And Contingencies [Line Items]	'	'
Investment liability	8,000,000	'
Number of possible one-year extensions	2	'
Investments In Private Investment Funds [Member]	'	'
Commitments And Contingencies [Line Items]	'	'
Commitment to invest in limited partnership equity funds	3,000,000	'
Investment in limited partnership equity funds	480,000	'
Limited Partnership Equity Fund 1 [Member]	'	'
Commitments And Contingencies [Line Items]	'	'
Aggregate commitment for limited partnership equity fund	3,000,000	'
Limited Partnership Equity Fund 2 [Member]	'	'
Commitments And Contingencies [Line Items]	'	'
Aggregate commitment for limited partnership equity fund	$2,000,000	'

Affiliate_Transactions_Narrati

Affiliate Transactions (Narrative) (Details) (USD $)	Mar. 31, 2014	Jun. 30, 2013
Value of FDIC insured funds	$250,000	'
Core FDIC deposits	995,873,000	993,871,000
Core FDIC deposits	995,601,000	993,719,000
Southwest Securities [Member]	'	'
Core FDIC deposits	$878,261,000	$878,434,000

Fair_Value_Of_Financial_Instru2

Fair Value Of Financial Instruments (Narrative) (Details) (USD $)	3 Months Ended					9 Months Ended		12 Months Ended
In Thousands, except Share data, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2013	Mar. 29, 2013	Sep. 28, 2012	Mar. 31, 2014	Mar. 29, 2013	Jun. 30, 2013
	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2013	security	Sep. 28, 2012	Mar. 31, 2014	Mar. 29, 2013	Jun. 30, 2013
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'	'	'	'	'	'	'
Unrealized loss included in earnings related to assets and liabilities	'	'	'	$6,745	'	$8,843	'	'
Unrealized gain included in earnings related to assets and liabilities	'	'	1,967	'	'	'	'	'
Unrealized gains included in earnings	181	8	32	'	'	2,343	'	'
Number of auction rate bonds sold	'	'	'	1	'	'	'	'
Number of auction rate securities redeemed	'	'	'	1	'	'	'	'
Number of auction rate preferred securities	19	'	'	'	'	19	'	'
Auction rate bond value	'	'	'	20,304	'	'	20,304	'
Auction rate preferred securities	475	'	'	'	'	475	'	'
Auction rate preferred securities - redeemed	'	'	'	25	'	'	25	'
Write-down on municipal auction rate bond	'	'	'	'	702	'	'	'
Adjustments to fair value on impaired loans	'	'	'	'	'	207	'	3,718
Adjustments to the fair value of REO	'	'	'	'	'	172	'	1,396
Impairment of servicing assets	-17	'	'	0	'	16	0	'
Level 3 [Member]	'	'	'	'	'	'	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'	'	'	'	'	'	'
Auction rate preferred securities	1,825	'	'	'	'	1,825	'	'
Auction rate preferred securities - redeemed	1,350	'	'	'	'	1,350	'	'
Level 3 [Member] \| Anticipated Redeemed At Par [Member]	'	'	'	'	'	'	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'	'	'	'	'	'	'
Auction rate preferred securities	475	'	'	'	'	475	'	'
Warrants [Member]	'	'	'	'	'	'	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'	'	'	'	'	'	'
Unrealized gain included in earnings related to assets and liabilities	'	'	1,967	3,840	'	'	264	'
Corporate Obligations [Member]	'	'	'	'	'	'	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'	'	'	'	'	'	'
Unrealized gains included in earnings	8	8	32	'	'	'	'	'
Corporate Obligations [Member] \| Level 3 [Member]	'	'	'	'	'	'	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'	'	'	'	'	'	'
Securities owned, at cost	3,505	'	'	'	'	3,505	'	'
Securities owned, at fair value	$88	'	'	'	'	$88	'	'

Fair_Value_Of_Financial_Instru3

Fair Value Of Financial Instruments (Summary Of Fair Value Hierarchy) (Detail) (USD $)	Mar. 31, 2014	Jun. 30, 2013	Jul. 29, 2011
In Thousands, unless otherwise specified	Mar. 31, 2014	Jun. 30, 2013	Jul. 29, 2011
Loans measured at fair value	$51,295	$13,757	'
Securities available for sale	575,679	503,276	'
Securities sold, not yet purchased, at fair value	177,460	134,735	'
Warrants	31,033	24,197	24,136
Fair Value, Measurements, Recurring [Member]	'	'	'
Loans measured at fair value	51,295	13,757	'
Securities owned, at fair value	288,969	209,633	'
Securities available for sale	575,679	503,276	'
Interest Rate Swaps	703	1,934	'
Securities sold, not yet purchased, at fair value	177,460	134,735	'
Warrants	31,033	24,197	'
Net assets (liabilities)	708,153	569,668	'
Loans Measured At Fair Value [Member] \| Fair Value, Measurements, Recurring [Member]	'	'	'
Loans measured at fair value	51,295	13,757	'
Corporate Equity Securities [Member] \| Fair Value, Measurements, Recurring [Member]	'	'	'
Securities owned, at fair value	1,143	1,520	'
Securities sold, not yet purchased, at fair value	3	'	'
Municipal Obligations [Member] \| Fair Value, Measurements, Recurring [Member]	'	'	'
Securities owned, at fair value	67,719	30,116	'
Securities available for sale	43,949	28,224	'
Securities sold, not yet purchased, at fair value	'	10	'
U.S. Government and Government Agency Obligations \| Fair Value, Measurements, Recurring [Member]	'	'	'
Securities owned, at fair value	84,670	41,529	'
Securities available for sale	531,591	474,906	'
Securities sold, not yet purchased, at fair value	97,949	54,086	'
Corporate Obligations [Member] \| Fair Value, Measurements, Recurring [Member]	'	'	'
Securities owned, at fair value	96,155	127,899	'
Securities sold, not yet purchased, at fair value	79,508	80,639	'
Other [Member] \| Fair Value, Measurements, Recurring [Member]	'	'	'
Securities owned, at fair value	39,282	8,569	'
Westwood Stock \| Fair Value, Measurements, Recurring [Member]	'	'	'
Securities available for sale	139	146	'
Interest Rate Swaps [Member] \| Fair Value, Measurements, Recurring [Member]	'	'	'
Interest Rate Swaps	703	1,934	'
Warrants [Member] \| Fair Value, Measurements, Recurring [Member]	'	'	'
Warrants	31,033	24,197	'
Level 1 [Member] \| Fair Value, Measurements, Recurring [Member]	'	'	'
Securities owned, at fair value	8,639	4,887	'
Securities available for sale	139	146	'
Securities sold, not yet purchased, at fair value	87,402	45,415	'
Net assets (liabilities)	-78,624	-40,382	'
Level 1 [Member] \| Corporate Equity Securities [Member] \| Fair Value, Measurements, Recurring [Member]	'	'	'
Securities owned, at fair value	668	895	'
Securities sold, not yet purchased, at fair value	3	'	'
Level 1 [Member] \| U.S. Government and Government Agency Obligations \| Fair Value, Measurements, Recurring [Member]	'	'	'
Securities owned, at fair value	6,989	3,300	'
Securities sold, not yet purchased, at fair value	87,399	45,415	'
Level 1 [Member] \| Other [Member] \| Fair Value, Measurements, Recurring [Member]	'	'	'
Securities owned, at fair value	982	692	'
Level 1 [Member] \| Westwood Stock \| Fair Value, Measurements, Recurring [Member]	'	'	'
Securities available for sale	139	146	'
Level 2 [Member] \| Fair Value, Measurements, Recurring [Member]	'	'	'
Loans measured at fair value	'	13,757	'
Securities owned, at fair value	279,767	204,001	'
Securities available for sale	575,540	503,130	'
Interest Rate Swaps	703	1,934	'
Securities sold, not yet purchased, at fair value	90,058	89,320	'
Net assets (liabilities)	765,952	633,502	'
Level 2 [Member] \| Loans Measured At Fair Value [Member] \| Fair Value, Measurements, Recurring [Member]	'	'	'
Loans measured at fair value	'	13,757	'
Level 2 [Member] \| Municipal Obligations [Member] \| Fair Value, Measurements, Recurring [Member]	'	'	'
Securities owned, at fair value	67,719	30,116	'
Securities available for sale	43,949	28,224	'
Securities sold, not yet purchased, at fair value	'	10	'
Level 2 [Member] \| U.S. Government and Government Agency Obligations \| Fair Value, Measurements, Recurring [Member]	'	'	'
Securities owned, at fair value	77,681	38,229	'
Securities available for sale	531,591	474,906	'
Securities sold, not yet purchased, at fair value	10,550	8,671	'
Level 2 [Member] \| Corporate Obligations [Member] \| Fair Value, Measurements, Recurring [Member]	'	'	'
Securities owned, at fair value	96,067	127,779	'
Securities sold, not yet purchased, at fair value	79,508	80,639	'
Level 2 [Member] \| Other [Member] \| Fair Value, Measurements, Recurring [Member]	'	'	'
Securities owned, at fair value	38,300	7,877	'
Level 2 [Member] \| Interest Rate Swaps [Member] \| Fair Value, Measurements, Recurring [Member]	'	'	'
Interest Rate Swaps	703	1,934	'
Level 3 [Member] \| Fair Value, Measurements, Recurring [Member]	'	'	'
Loans measured at fair value	51,295	'	'
Securities owned, at fair value	563	745	'
Warrants	31,033	24,197	'
Net assets (liabilities)	20,825	-23,452	'
Level 3 [Member] \| Loans Measured At Fair Value [Member]	'	'	'
Loans measured at fair value	51,295	'	'
Level 3 [Member] \| Loans Measured At Fair Value [Member] \| Fair Value, Measurements, Recurring [Member]	'	'	'
Loans measured at fair value	51,295	'	'
Level 3 [Member] \| Corporate Equity Securities [Member] \| Fair Value, Measurements, Recurring [Member]	'	'	'
Securities owned, at fair value	475	625	'
Level 3 [Member] \| Corporate Obligations [Member]	'	'	'
Securities owned, at fair value	88	'	'
Level 3 [Member] \| Corporate Obligations [Member] \| Fair Value, Measurements, Recurring [Member]	'	'	'
Securities owned, at fair value	88	120	'
Level 3 [Member] \| Warrants [Member]	'	'	'
Warrants	31,033	'	'
Level 3 [Member] \| Warrants [Member] \| Fair Value, Measurements, Recurring [Member]	'	'	'
Warrants	$31,033	$24,197	'

Fair_Value_Of_Financial_Instru4

Fair Value Of Financial Instruments (Reconciliation Of Major Classes of Assets and Liabilities Measured at Fair Value Using Significant Unobservable Inputs) (Detail) (USD $)

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

In Thousands, unless otherwise specified

Mar. 31, 2014

Dec. 31, 2013

Sep. 30, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Sep. 30, 2013

Mar. 31, 2014

Dec. 31, 2013

Sep. 30, 2013

Mar. 31, 2014

Dec. 31, 2013

Sep. 30, 2013

Mar. 29, 2013

Loans [Member]

Corporate Equity Securities [Member]

Corporate Obligations [Member]

Warrants [Member]

Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]

Ending balance

$11,625

($21,567)

($23,452)

$35,333

$500

$575

$625

$80

$88

$120

($24,288)

($22,230)

($24,197)

Redemption/sale of security

-25

-75

-50

-25

-75

-50

Unrealized gain (loss)

181

2,343

173

Loan pay downs

-191

Loan originations with the execution of interest rate swaps

15,980

Transfers from Level 2 to Level 3

35,333

Increase in warrants valuation (unrealized loss)

-6,745

-2,058

-6,745

-2,058

Increase in warrants valuation (unrealized gain (loss))

1,967

3,840

264

Ending balance

$20,825

$11,625

($21,567)

$20,825

$51,295

$35,333

$475

$500

$575

$88

$80

$88

($31,033)

($24,288)

($22,230)

Fair_Value_Of_Financial_Instru5

Fair Value Of Financial Instruments (Significant Unobservable Inputs) (Detail) (USD $)

Mar. 31, 2014

Jun. 30, 2013

Jul. 29, 2011

Mar. 31, 2014

In Thousands, unless otherwise specified

Weighted Average

Level 3 [Member]

Loans Measured At Fair Value [Member]

Corporate Equity Securities-Auction Rate Preferred [Member]

Corporate Obligations [Member]

Warrants [Member]

Minimum

Maximum

Weighted Average

Loans Measured At Fair Value [Member]

Warrants [Member]

Loans Measured At Fair Value [Member]

Warrants [Member]

Loans Measured At Fair Value [Member]

Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]

Loans measured at fair value

$51,295

$13,757

$51,295

Securities owned, at fair value

475

Fair value of warrants

$31,033

$24,197

$24,136

$31,033

Valuation Technique(s)

'Discounted cash flow

'Analysis of comparable securities

'Discounted cash flow

'Binomial Model

Unobservable Inputs

'Discount Rate

'Derived Volatility

Volatility rate

4.15%

24.00%

5.29%

33.00%

Weighted Average Volatility Rate

30.00%

4.68%

Fair_Value_Of_Financial_Instru6

Fair Value Of Financial Instruments (Financial And Non-Financial Instruments Measured At Fair Value On A Non-Recurring Basis) (Detail) (USD $)	Mar. 31, 2014		Jun. 30, 2013
In Thousands, unless otherwise specified	Mar. 31, 2014		Jun. 30, 2013
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'		'
Impaired loans	$9,670	[1]	$20,086	[1]
REO	5,880		10,165
Impaired servicing assets	493		412
Fair Value Assets Measured on Non Recurring Basis, Total	16,043		30,251
Level 1 [Member]	'		'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'		'
Impaired loans	'	[1]	'	[1]
REO	'		'
Impaired servicing assets	'		'
Fair Value Assets Measured on Non Recurring Basis, Total	'		'
Level 2 [Member]	'		'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'		'
Impaired loans	'	[1]	'	[1]
REO	'		'
Impaired servicing assets	'		'
Fair Value Assets Measured on Non Recurring Basis, Total	'		'
Level 3 [Member]	'		'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'		'
Impaired loans	9,670	[1]	20,086	[1]
REO	5,880		10,165
Impaired servicing assets	493		'
Fair Value Assets Measured on Non Recurring Basis, Total	$16,043		$30,251

[1]	Includes certain impaired loans measured at fair value through the allocation of specific valuation allowances or principal charge-offs.

Fair_Value_Of_Financial_Instru7

Fair Value Of Financial Instruments (Recorded Amounts, Fair Value And Level Of Fair Value Hierarchy Of Financial Instruments) (Detail) (USD $)	Mar. 31, 2014	Jun. 30, 2013	Mar. 29, 2013	Jun. 29, 2012	Jul. 29, 2011
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]	'	'	'	'	'
Cash and cash equivalents	$87,763,000	$111,046,000	$179,160,000	$81,826,000	'
Restricted cash and cash equivalents	'	30,047,000	'	'	100,000,000
GNMA securities	13,553,000	17,423,000	'	'	'
Short-term borrowings	50,000,000	131,500,000	'	'	'
Servicing assets	493,000	412,000	'	'	'
Short Term Borrowings	50,000,000	131,500,000	'	'	'
Time deposits	27,082,000	'	'	'	'
Advances from FHLB	92,430,000	97,565,000	'	'	'
Long-term debt	86,537,000	83,102,000	'	'	'
Level 1 [Member]	'	'	'	'	'
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]	'	'	'	'	'
Servicing assets	'	'	'	'	'
Level 2 [Member]	'	'	'	'	'
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]	'	'	'	'	'
Servicing assets	'	'	'	'	'
Level 3 [Member]	'	'	'	'	'
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]	'	'	'	'	'
Servicing assets	493,000	'	'	'	'
Recorded Value [Member] \| Level 1 [Member]	'	'	'	'	'
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]	'	'	'	'	'
Cash and cash equivalents	87,763,000	111,046,000	'	'	'
Restricted cash and cash equivalents	'	30,047,000	'	'	'
Short-term borrowings	50,000,000	131,500,000	'	'	'
Short Term Borrowings	50,000,000	131,500,000	'	'	'
Recorded Value [Member] \| Level 2 [Member]	'	'	'	'	'
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]	'	'	'	'	'
GNMA securities	13,553,000	17,423,000	'	'	'
Deposits with no stated maturity	968,519,000	963,385,000	'	'	'
Time deposits	27,082,000	30,334,000	'	'	'
Advances from FHLB	92,430,000	97,565,000	'	'	'
Recorded Value [Member] \| Level 3 [Member]	'	'	'	'	'
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]	'	'	'	'	'
Purchase mortgage loans held for investment	72,546,000	174,037,000	'	'	'
Other loans held for investment	434,200,000	420,789,000	'	'	'
Servicing assets	493,000	412,000	'	'	'
Long-term debt	86,537,000	83,102,000	'	'	'
Fair Value [Member] \| Level 1 [Member]	'	'	'	'	'
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]	'	'	'	'	'
Cash and cash equivalents	87,763,000	111,046,000	'	'	'
Restricted cash and cash equivalents	'	30,047,000	'	'	'
Short-term borrowings	50,000,000	131,500,000	'	'	'
Short Term Borrowings	50,000,000	131,500,000	'	'	'
Fair Value [Member] \| Level 2 [Member]	'	'	'	'	'
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]	'	'	'	'	'
GNMA securities	13,899,000	17,965,000	'	'	'
Deposits with no stated maturity	952,991,000	959,578,000	'	'	'
Time deposits	27,309,000	30,736,000	'	'	'
Advances from FHLB	93,888,000	100,408,000	'	'	'
Fair Value [Member] \| Level 3 [Member]	'	'	'	'	'
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]	'	'	'	'	'
Purchase mortgage loans held for investment	72,429,000	173,738,000	'	'	'
Other loans held for investment	488,171,000	437,916,000	'	'	'
Servicing assets	493,000	414,000	'	'	'
Long-term debt	$97,165,000	$86,822,000	'	'	'