XML 20 R8.htm IDEA: XBRL DOCUMENT v3.24.0.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities:    
Net income $ 3,903 $ 4,461
Adjustments to reconcile net income to net cash provided by operating activities :    
Depreciation and amortization 1,524 1,636
(Recovery of) provision for credit losses (175)  
(Recovery of) provision for credit losses   261
Stock-based compensation 123 439
Provision for deferred income taxes 175 671
Decrease in accounts payable, accrued interest and other liabilities (772) (1,458)
Increase in prepaid expenses and other assets (1,320) (798)
Net cash provided by operating activities 3,458 5,212
Cash flows from investing activities:    
Net decrease (increase) in loans held for investment 429 (101,105)
Maturity of investment securities - held to maturity 0 400
Principal payments from investment securities - held to maturity 12,353 16,671
Principal payments from investment securities - available for sale 203 249
Purchase of premises and equipment (1,100) (579)
Net cash provided by (used for) investing activities 11,885 (84,364)
Cash flows from financing activities:    
Net decrease in deposits (38,591) (10,202)
Proceeds from long-term borrowings 37,500 0
Repayments of long-term borrowings (10,009) (20,000)
(Repayments of) proceeds from short-term borrowings, net (20,000) 115,000
Treasury stock purchases (1,257) (2,196)
Cash dividends (1,957) (2,024)
Net cash (used for) provided by financing activities (34,314) 80,578
Net (decrease) increase in cash and cash equivalents (18,971) 1,426
Cash and cash equivalents at beginning of period 65,849 23,414
Cash and cash equivalents at end of period 46,878 24,840
Supplemental information:    
Cash paid for interest 8,902 2,035
Cash paid for income taxes $ 2,115 $ 1,650