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Holding Company Condensed Financial Information (Tables)
12 Months Ended
Jun. 30, 2025
Holding Company Condensed Financial Information  
Schedule of condensed statements of financial condition

June 30, 

(In Thousands)

    

2025

    

2024

Assets

Cash and cash equivalents

$

3,367

$

3,385

Investment in subsidiary

 

125,226

 

126,601

Other assets

 

65

 

64

$

128,658

$

130,050

 

  

 

  

Liabilities and Stockholders’ Equity

 

  

 

  

Other liabilities

$

113

$

109

Stockholders’ equity

 

128,545

 

129,941

$

128,658

$

130,050

Schedule of condensed statements of operations

Year Ended June 30, 

(In Thousands)

    

2025

    

2024

Dividend from the Bank

$

9,000

$

7,000

Interest and other income

 

2

 

2

Total income

 

9,002

 

7,002

 

  

 

  

General and administrative expenses

 

1,147

 

1,294

Earnings before income taxes and equity in undistributed earnings of the Bank

 

7,855

 

5,708

 

  

 

  

Income tax benefit

 

(338)

 

(382)

Earnings before equity in undistributed earnings of the Bank

 

8,193

 

6,090

 

  

 

  

Equity in undistributed earnings of the Bank

 

(1,938)

 

1,261

Net income

$

6,255

$

7,351

Schedule of condensed statements of cash flows

Year Ended June 30, 

(In Thousands)

    

2025

    

2024

Cash flow from operating activities:

 

  

 

  

Net income

$

6,255

$

7,351

Adjustments to reconcile net income to net cash provided by operating activities:

 

  

 

  

Equity in undistributed earnings of the Bank

 

1,938

 

(1,261)

(Increase) decrease in other assets

 

(1)

 

3

Increase in other liabilities

 

4

 

43

Net cash provided by operating activities

 

8,196

 

6,136

 

  

 

  

Cash flow from financing activities:

 

  

 

  

Treasury stock purchases

 

(4,448)

 

(2,601)

Cash dividends

 

(3,766)

 

(3,887)

Net cash used for financing activities

 

(8,214)

 

(6,488)

Net decrease in cash during the year

 

(18)

 

(352)

Cash and cash equivalents at beginning of year

 

3,385

 

3,737

Cash and cash equivalents at end of year

$

3,367

$

3,385