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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
9 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities:    
Net income $ 7,916,000 $ 4,630,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 2,047,000 2,137,000
Provision for loan losses 250,000 3,550,000
Net amortization on securities 1,185,000 524,000
ESOP compensation 452,000 382,000
Loss on bank-owned life insurance 18,000 17,000
Net gain on the sale or disposal of premises and equipment and other real estate owned (275,000) (16,000)
Proceeds from sale of loans 108,000 317,000
Net gain on sale of loans (3,000) (27,000)
Net gain on equity securities (144,000) (1,632,000)
Net gain on sales of available for sale securities (4,000)  
Deferred tax expense (benefit) 555,000 (418,000)
Increase in accrued interest receivable (345,000) (641,000)
Decrease in other assets 17,211,000 22,900,000
Decrease in other liabilities (410,000) (4,490,000)
Net cash provided by operating activities 28,561,000 27,233,000
Cash flows from investing activities:    
Proceeds from maturities, paydowns and calls of securities available for sale 58,976,000 43,129,000
Proceeds from sales of securities available for sale 5,267,000 0
Purchases of securities available for sale (230,892,000) (168,467,000)
Proceeds from maturities and paydowns of securities held to maturity 2,982,000 3,397,000
Purchases of securities held to maturity (17,113,000) (8,377,000)
Proceeds from sales of equity securities 803,000 7,474,000
Net purchases (redemptions) of FHLBNY stock 63,000 (133,000)
Net decrease in loans receivable 114,102,000 5,790,000
Purchases of premises and equipment (648,000) (340,000)
Proceeds from sale of premises and equipment, and other real estate owned 1,190,000 115,000
Cash paid for acquisitions (1,657,000)  
Net cash used in investing activities (66,927,000) (117,412,000)
Cash flows from financing activities:    
Net increase in deposits 180,518,000 264,410,000
Net decrease in mortgagors' escrow deposits (2,349,000) (2,577,000)
Net cash provided by financing activities 178,169,000 261,833,000
Net increase in cash and cash equivalents 139,803,000 171,654,000
Cash and cash equivalents at beginning of period 324,963,000 156,903,000
Cash and cash equivalents at end of period 464,766,000 328,557,000
Cash paid during the period for:    
Interest 1,082,000 1,722,000
Income taxes 1,000,000 $ 500,000
Non-cash investing and financing activity:    
Loans transferred to other real estate owned 550,000  
Acquisition contingent consideration payable $ 858,000