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Holding Company Condensed Financial Information (Tables)

12 Months Ended

Jun. 30, 2021

Holding Company Condensed Financial Information

Schedule of condensed statements of financial condition

​

​	​	​	​	​	​	​
​	​	June 30,
(In Thousands)		2021			2020
​	​	​	​	​	​	​
Assets	​	​	​	​	​	​
Cash and cash equivalents	​	$	5,576	​	$	6,842
Investment in subsidiary	​		121,696	​		117,080
Other assets	​		60	​		108
​	​	$	127,332	​	$	124,030
​	​			​
Liabilities and Stockholders’ Equity	​			​
Other liabilities	​	$	52	​	$	54
Stockholders’ equity	​		127,280	​		123,976
​	​	$	127,332	​	$	124,030

Schedule of condensed statements of operations

​

​	​	​	​	​	​	​
​	​	Year Ended June 30,
(In Thousands)		2021			2020
​	​	​	​	​	​	​
Dividend from the Bank	​	$	5,000	​	$	7,500
Interest and other income	​		5	​		19
Total income	​		5,005	​		7,519
​	​			​
General and administrative expenses	​		1,117	​		1,166
Earnings before income taxes and equity in undistributed earnings of the Bank	​		3,888	​		6,353
​	​			​
Income tax benefit	​		(328)	​		(338)
Earnings before equity in undistributed earnings of the Bank	​		4,216	​		6,691
​	​			​
Equity in undistributed earnings of the Bank	​		3,345	​		998
Net income	​	$	7,561	​	$	7,689

Schedule of condensed statements of cash flows

​

​	​	​	​	​	​	​
​	​	Year Ended June 30,
(In Thousands)		2021			2020
​	​	​	​	​	​	​
Cash flow from operating activities:		​			​
Net income	​	$	7,561	​	$	7,689
Adjustments to reconcile net income to net cash provided by operating activities:	​			​
Equity in undistributed earnings of the Bank	​		(3,345)	​		(998)
Increase in other assets	​		48	​		23
Decrease in other liabilities	​		(2)	​		(42)
Net cash provided by operating activities	​		4,262	​		6,672
​	​			​
Cash flow from financing activities:	​			​
Exercise of stock options	​		981	​		215
Treasury stock purchases	​		(2,336)	​		(1,283)
Cash dividends	​		(4,173)	​		(4,183)
Net cash used for financing activities	​		(5,528)	​		(5,251)
Net (decrease) increase in cash during the year	​		(1,266)	​		1,421
Cash and cash equivalents at beginning of year	​		6,842	​		5,421
Cash and cash equivalents at end of year	​	$	5,576	​	$	6,842

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- Definition

Tabular disclosure of condensed balance sheet, including, but not limited to, balance sheets of consolidated entities and consolidation eliminations.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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-Name Regulation S-X (SX)
-Number 210
-Section 3
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Tabular disclosure of condensed cash flow statement, including, but not limited to, cash flow statements of consolidated entities and consolidation eliminations.

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Tabular disclosure of condensed income statement, including, but not limited to, income statements of consolidated entities and consolidation eliminations.

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