XML 11 R9.htm IDEA: XBRL DOCUMENT v3.20.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Operating Activities    
Net income $ 2,874 $ 2,525
Items not requiring (providing) cash    
Depreciation 500 496
Provision for loan losses 198 436
Amortization of premiums and discounts on securities 141 47
Deferred income taxes 251 (56)
Net realized gains on loan sales (432) (227)
Net realized gains on sales of available-for-sale securities (139) 0
Loss (Gain) on foreclosed assets held for sale 4 (16)
Bank-owned life insurance income, net (205) (202)
Originations of loans held for sale (21,635) (11,221)
Proceeds from sales of loans held for sale 22,415 11,659
ESOP compensation expense 315 322
Stock equity plan expense 167 169
Changes in    
Accrued interest receivable 117 (433)
Other assets (143) 198
Accrued interest payable 134 406
Post-retirement benefit obligation 44 41
Other liabilities 167 (345)
Net cash provided by operating activities 4,773 3,799
Investing Activities    
Net change in interest bearing time deposits   (750)
Purchases of available-for-sale securities (29,681) (10,495)
Proceeds from the sales of available-for-sale securities 6,132  
Proceeds from maturities and pay-downs of available-for-sale securities 19,741 9,364
Net change in loans (7,487) (22,998)
Purchase of premises and equipment (116) (950)
Proceeds from sale of foreclosed assets 572 4,957
Redemption of Federal Home Loan Bank stock   2,295
Purchase of Federal Home Loan Bank stock (1,234) (1,440)
Net cash used in investing activities (12,073) (20,017)
Financing Activities    
Net increase (decrease) in demand deposits, money market, NOW and savings accounts (34,901) 1,030
Net increase (decrease) in certificates of deposit, including brokered certificates (38,992) 36,228
Net increase in advances from borrowers for taxes and insurance 525 918
Proceeds from Federal Home Loan Bank advances 58,500 111,500
Repayments of Federal Home Loan Bank advances (29,000) (125,000)
Proceeds from other borrowings 5,000  
Net increase (decrease) in repurchase agreements 1,389 (39)
Dividends paid (487) (453)
Stock purchase per stock repurchase plan (7,459) (6,162)
Net cash provided by (used in) financing activities (45,425) 18,022
Net Increase (Decrease) in Cash and Cash Equivalents (52,725) 1,804
Cash and Cash Equivalents, Beginning of Period 59,600 4,754
Cash and Cash Equivalents, End of Period 6,875 6,558
Supplemental Cash Flows Information    
Interest paid 6,945 5,987
Income taxes paid, net of refunds 786 175
Foreclosed assets acquired in settlement of loans 230 6,332
Dividends payable $ 487 $ 447