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Holding Company Condensed Financial Information (Tables)

12 Months Ended

Jun. 30, 2023

Holding Company Condensed Financial Information

Schedule of condensed statements of financial condition

​

​	​	​	​	​	​	​
​	​	June 30,
(In Thousands)		2023			2022
​	​	​	​	​	​	​
Assets	​	​	​	​	​	​
Cash and cash equivalents	​	$	3,737	​	$	3,751
Investment in subsidiary	​		125,949	​		124,875
Other assets	​		67	​		61
​	​	$	129,753	​	$	128,687
​	​			​
Liabilities and Stockholders’ Equity	​			​
Other liabilities	​	$	66	​	$	37
Stockholders’ equity	​		129,687	​		128,650
​	​	$	129,753	​	$	128,687

Schedule of condensed statements of operations

​

​	​	​	​	​	​	​
​	​	Year Ended June 30,
(In Thousands)		2023			2022
​	​	​	​	​	​	​
Dividend from the Bank	​	$	9,500	​	$	7,500
Interest and other income	​		3	​		3
Total income	​		9,503	​		7,503
​	​			​
General and administrative expenses	​		1,267	​		1,219
Earnings before income taxes and equity in undistributed earnings of the Bank	​		8,236	​		6,284
​	​			​
Income tax benefit	​		(373)	​		(358)
Earnings before equity in undistributed earnings of the Bank	​		8,609	​		6,642
​	​			​
Equity in undistributed earnings of the Bank	​		(17)	​		2,451
Net income	​	$	8,592	​	$	9,093

Schedule of condensed statements of cash flows

​

​	​	​	​	​	​	​
​	​	Year Ended June 30,
(In Thousands)		2023			2022
​	​	​	​	​	​	​
Cash flow from operating activities:		​			​
Net income	​	$	8,592	​	$	9,093
Adjustments to reconcile net income to net cash provided by operating activities:	​			​
Equity in undistributed earnings of the Bank	​		17	​		(2,451)
Increase in other assets	​		(6)	​		(1)
Increase (decrease) in other liabilities	​		29	​		(15)
Net cash provided by operating activities	​		8,632	​		6,626
​	​			​
Cash flow from financing activities:	​			​
Treasury stock purchases	​		(4,648)	​		(4,305)
Cash dividends	​		(3,998)	​		(4,146)
Net cash used for financing activities	​		(8,646)	​		(8,451)
Net decrease in cash during the year	​		(14)	​		(1,825)
Cash and cash equivalents at beginning of year	​		3,751	​		5,576
Cash and cash equivalents at end of year	​	$	3,737	​	$	3,751

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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/2009/role/commonPracticeRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 12
-Paragraph (a)
-Subsection 04

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 3
-Subparagraph (SX 210.12-04(a))
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- Definition

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

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 12
-Paragraph (a)
-Subsection 04

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 3
-Subparagraph (SX 210.12-04(a))
-URI https://asc.fasb.org/extlink&oid=120395691&loc=d3e24072-122690

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- Definition

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

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 12
-Paragraph (a)
-Subsection 04

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 3
-Subparagraph (SX 210.12-04(a))
-URI https://asc.fasb.org/extlink&oid=120395691&loc=d3e24072-122690

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