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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Operating Activities    
Net income $ 4,245 $ 3,558
Items not requiring (providing) cash    
Depreciation 671 628
Provision for loan losses 128 407
Amortization of premiums and discounts on securities 304 83
Deferred income taxes (15) 76
Net realized gains on loan sales (801) (343)
Net realized gains on sales of available-for-sale securities (267) (11)
(Gain) loss on foreclosed real estate held for sale 27 (3)
Bank-owned life insurance income, net (273) (269)
Originations of loans held for sale (40,615) (16,836)
Proceeds from sales of loans held for sale 41,318 17,082
ESOP compensation expense 395 420
Stock equity plan expense 223 225
Changes in    
Accrued interest receivable 234 (321)
Other assets (219) 306
Accrued interest payable (264) 613
Post-retirement benefit obligation 57 57
Other liabilities 1,748 125
Net cash provided by operating activities 6,896 5,797
Investing Activities    
Net change in interest bearing time deposits   (1,250)
Purchases of available-for-sale securities (52,052) (42,148)
Proceeds from the sales of available-for-sale securities 15,712 6,852
Proceeds from maturities and pay-downs of available-for-sale securities 25,619 20,555
Net change in loans (22,165) (17,950)
Purchase of premises and equipment (158) (1,108)
Proceeds from the sale of foreclosed assets 595 5,803
Purchase of Federal Home Loan Bank stock (1,854) (1,440)
Redemption of Federal Home Loan Bank stock   3,551
Net cash used in investing activities (34,303) (27,135)
Financing Activities    
Net increase in demand deposits, money market, NOW and savings accounts 43,471 59,897
Net increase (decrease) in certificates of deposit, including brokered certificates (48,794) 66,705
Net increase (decrease) in advances from borrowers for taxes and insurance (228) 438
Proceeds from Federal Home Loan Bank advances 101,500 111,500
Repayment of Federal Home Loan Bank advances (91,000) (155,000)
Proceeds from other borrowings 5,000  
Repayments of other borrowings (2,000)  
Net increase (decrease) in repurchase agreements 1,723 (266)
Dividends paid (939) (868)
Purchases of common stock (7,459) (6,222)
Net cash provided by financing activities 1,274 76,184
Increase (Decrease) in Cash and Cash Equivalents (26,133) 54,846
Cash and Cash Equivalents, Beginning of Year 59,600 4,754
Cash and Cash Equivalents, End of Year 33,467 59,600
Supplemental Cash Flows Information    
Interest paid 8,958 8,241
Income taxes paid (net of refunds) 1,145 365
Foreclosed assets acquired in settlement of loans $ 230 $ 6,359