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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Operating Activities    
Net income $ 2,064 $ 1,721
Items not requiring (providing) cash    
Depreciation 327 326
Provision (credit) for loan losses (84) 375
Amortization of premiums and discounts on securities 185 29
Deferred income taxes 321 4
Net realized gains on loan sales (284) (179)
Net realized losses on sales of available-for-sale securities 7 0
Loss (gain) on foreclosed assets held for sale 2 (98)
Bank-owned life insurance income, net (139) (135)
Originations of loans held for sale (14,997) (9,192)
Proceeds from sales of loans held for sale 15,562 9,469
ESOP compensation expense 213 222
Stock equity plan expense 111 113
Changes in    
Accrued interest receivable (175) (141)
Other assets (159) 383
Accrued interest payable 905 279
Post-retirement benefit obligation 31 25
Other liabilities (321) (479)
Net cash provided by operating activities 3,569 2,722
Investing Activities    
Net change in interest-bearing time deposits   (750)
Purchases of available-for-sale securities (17,598) (7,970)
Proceeds from sales of available-for-sale securities 6,132  
Proceeds from maturities and pay-downs of available-for-sale securities 11,283 7,619
Net change in loans (3,169) (24,595)
Purchase of premises and equipment (91) (924)
Proceeds from sale of foreclosed assets 571 3,740
Redemption of Federal Home Loan Bank stock owned   1,057
Purchase of Federal Home Loan Bank stock (424) (1,440)
Net cash used in investing activities (3,296) (23,263)
Financing Activities    
Net decrease in demand deposits, money market, NOW and savings accounts (42,125) (12,648)
Net increase (decrease) in certificates of deposit, including brokered certificates (15,572) 25,946
Net increase in advances from borrowers for taxes and insurance 346 831
Proceeds from Federal Home Loan Bank advances 31,500 111,500
Repayments of Federal Home Loan Bank advances (22,000) (97,500)
Proceeds from other borrowings 5,000  
Net increase (decrease) in repurchase agreements 1,325 559
Dividends paid (487) (453)
Purchases of Common Stock (7,016) (5,430)
Net cash provided by (used in) financing activities (49,029) 22,805
Net Increase (Decrease) in Cash and Cash Equivalents (48,756) 2,264
Cash and Cash Equivalents, Beginning of Period 59,600 4,754
Cash and Cash Equivalents, End of Period 10,844 7,018
Supplemental Cash Flows Information    
Interest paid 3,965 3,845
Income taxes paid 513 30
Foreclosed assets acquired in settlement of loans $ 230 $ 6,332