XML 20 R9.htm IDEA: XBRL DOCUMENT v3.21.2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Operating Activities    
Net income $ 5,347 $ 4,245
Items not requiring (providing) cash    
Depreciation 679 671
Provision for loan losses 844 128
Amortization of premiums and discounts on securities 855 304
Deferred income taxes (162) (15)
Net realized gains on loan sales (1,573) (801)
Net realized gains on sales of available-for-sale securities (320) (267)
Loss on foreclosed real estate held for sale 30 27
Bank-owned life insurance income, net (411) (273)
Originations of loans held for sale (57,465) (40,615)
Proceeds from sales of loans held for sale 58,660 41,318
ESOP compensation expense 379 395
Stock equity plan expense 193 223
Changes in    
Accrued interest receivable 11 234
Other assets (264) (219)
Accrued interest payable (338) (264)
Post-retirement benefit obligation 87 57
Other liabilities 315 1,748
Net cash provided by operating activities 6,867 6,896
Investing Activities    
Net change in interest bearing time deposits 750 0
Purchases of available-for-sale securities (79,590) (52,052)
Proceeds from the sales of available-for-sale securities 12,891 15,712
Proceeds from maturities and pay-downs of available-for-sale securities 35,164 25,619
Net change in loans (4,639) (22,165)
Purchase of premises and equipment (279) (158)
Proceeds from the sale of foreclosed assets 418 595
Purchase of Federal Home Loan Bank stock (1,170) (1,854)
Proceeds from settlement of bank-owned life insurance death claim 417 0
Net cash used in investing activities (36,038) (34,303)
Financing Activities    
Net increase in demand deposits, money market, NOW and savings accounts 85,455 43,471
Net decrease in certificates of deposit, including brokered certificates (19,523) (48,794)
Net increase (decrease) in advances from borrowers for taxes and insurance 409 (228)
Proceeds from Federal Home Loan Bank advances 77,000 101,500
Repayment of Federal Home Loan Bank advances (86,500) (91,000)
Proceeds from other borrowings 0 5,000
Repayments of other borrowings 0 (2,000)
Net increase in repurchase agreements 2,507 1,723
Dividends paid (909) (939)
Purchases of common stock 0 (7,459)
Net cash provided by financing activities 58,439 1,274
Increase (Decrease) in Cash and Cash Equivalents 29,268 (26,133)
Cash and Cash Equivalents, Beginning of Year 33,467 59,600
Cash and Cash Equivalents, End of Year 62,735 33,467
Supplemental Cash Flows Information    
Interest paid 4,516 8,958
Income taxes paid (net of refunds) 2,743 1,145
Foreclosed assets acquired in settlement of loans $ 321 $ 230