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Consolidated Statements of Changes of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities:    
Net income (loss) $ (87) $ 986
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Provision for (reversal of) credit losses (270) 0
Amortization of securities, net 187 225
Net change in deferred loan costs and fees 44 34
Increase in cash surrender value of bank-owned life insurance (134) (127)
Depreciation and amortization, net 117 122
Deferred income tax expense 0 0
ESOP expense 35 45
Stock-based compensation 179 0
Net increase in accrued interest receivable (104) (38)
Other, net (31) (350)
Net cash (used in) provided by operating activities (64) 897
Activity in securities available for sale:    
Maturities, prepayments and calls 17 29
Activity in securities held to maturity:    
Maturities, prepayments and calls 7,248 8,255
Purchases (8,784) (12,715)
Purchases of Federal Home Loan Bank of Boston stock (569) 0
Loan originations and payments, net 2,249 (6,010)
Purchase of participation loan (1,250) 0
Additions to premises and equipment (21) (61)
Net cash used in investing activities (1,110) (10,502)
Cash flows from financing activities:    
Net decrease in deposits (5,436) (11,613)
Net increase in short-term borrowings 5,075 0
Net increase in long-term borrowings 10,350 0
Net increase in mortgagors' escrow accounts 48 125
Net cash provided by (used in) financing activities 10,037 (11,488)
Net change in cash and cash equivalents 8,863 (21,093)
Cash and cash equivalents at beginning of period 6,861 31,667
Cash and cash equivalents at end of period 15,724 10,574
Supplemental information:    
Interest paid on deposits and short-term borrowings 2,054 583
Income taxes paid 85 520
Adoption of ASU 2016-13 $ 223 $ 0