XML 19 R9.htm IDEA: XBRL DOCUMENT v3.20.4
Condensed Consolidated Statement of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Operating Activities    
Net income $ 2,794 $ 2,064
Items not requiring (providing) cash    
Depreciation 338 327
Provision (credit) for loan losses 266 (84)
Amortization of premiums and discounts on securities 337 185
Deferred income taxes 60 321
Net realized gains on loan sales (1,047) (284)
Net realized losses (gains) on sales of available-for-sale securities (204) 7
Loss (gain) on foreclosed assets held for sale (10) 2
Bank-owned life insurance income, net (139) (139)
Originations of loans held for sale (30,676) (14,997)
Proceeds from sales of loans held for sale 32,234 15,562
ESOP compensation expense 171 213
Stock equity plan expense 113 111
Changes in    
Accrued interest receivable (280) (175)
Other assets (36) (159)
Accrued interest payable (203) 905
Post-retirement benefit obligation 38 31
Other liabilities (1,244) (321)
Net cash provided by operating activities 2,512 3,569
Investing Activities    
Net change in interest-bearing time deposits
Purchases of available-for-sale securities (29,863) (17,598)
Proceeds from sales of available-for-sale securities 7,830 6,132
Proceeds from maturities and pay-downs of available-for-sale securities 16,355 11,283
Net change in loans 1,960 (3,169)
Purchase of premises and equipment (191) (91)
Proceeds from sale of foreclosed assets 272 571
Purchase of Federal Home Loan Bank stock (1,170) (424)
Net cash used in investing activities (4,807) (3,296)
Financing Activities    
Net decrease in demand deposits, money market, NOW and savings accounts (9,885) (42,125)
Net decrease in certificates of deposit, including brokered certificates (4,450) (15,572)
Net increase in advances from borrowers for taxes and insurance 949 346
Proceeds from Federal Home Loan Bank advances 72,000 31,500
Repayments of Federal Home Loan Bank advances (82,500) (22,000)
Proceeds from other borrowings   5,000
Net increase in repurchase agreements 833 1,325
Dividends paid (454) (487)
Purchases of Common Stock   (7,016)
Net cash used in financing activities (23,507) (49,029)
Net Decrease in Cash and Cash Equivalents (25,802) (48,756)
Cash and Cash Equivalents, Beginning of Period 33,467 59,600
Cash and Cash Equivalents, End of Period 7,665 10,844
Supplemental Cash Flows Information    
Interest paid 2,768 3,965
Income taxes paid 1,689 513
Foreclosed assets acquired in settlement of loans $ 253 $ 230