XML 19 R9.htm IDEA: XBRL DOCUMENT v3.21.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Operating Activities    
Net income $ 1,891 $ 1,331
Items not requiring (providing) cash    
Depreciation 169 169
Provision (credit) for loan losses (127) 315
Amortization of premiums and discounts on securities 197 158
Deferred income taxes 116 (78)
Net realized gains on loan sales (226) (563)
Net realized gains on sales of available-for-sale securities 0 (204)
Loss (gain) on foreclosed assets held for sale (13) 9
Bank-owned life insurance income, net (239) (70)
Originations of loans held for sale (8,260) (16,358)
Proceeds from sales of loans held for sale 8,895 17,457
ESOP compensation expense 109 104
Stock equity plan expense 158 31
Changes in    
Accrued interest receivable (105) 293
Other assets (783) 45
Accrued interest payable (12) (116)
Post-retirement benefit obligation 15 18
Other liabilities (1,599) (1,343)
Net cash provided by operating activities 186 1,198
Investing Activities    
Purchases of available-for-sale securities (18,674) (13,757)
Proceeds from the sales of available-for-sale securities 0 7,830
Proceeds from maturities and pay-downs of available-for-sale securities 7,367 7,076
Net change in loans 6,799 (9,544)
Purchase of premises and equipment (39) (57)
Proceeds from the sale of foreclosed assets 81 190
Purchase of Federal Home Loan Bank stock 0 (1,170)
Proceeds from settlement of bank-owned life insurance death claim 454 0
Net cash used in investing activities (4,012) (9,432)
Financing Activities    
Net decrease in demand deposits, money market, NOW and savings accounts (30,018) (12,203)
Net increase (decrease) in certificates of deposit, including brokered certificates (286) 12,234
Net increase (decrease) in advances from borrowers for taxes and insurance (152) 287
Proceeds from Federal Home Loan Bank advances 0 72,000
Repayments of Federal Home Loan Bank advances 0 (82,500)
Net increase in repurchase agreements 458 645
Net cash used in financing activities (29,998) (9,537)
Net Decrease in Cash and Cash Equivalents (33,824) (17,771)
Cash and Cash Equivalents, Beginning of Period 62,735 33,467
Cash and Cash Equivalents, End of Period 28,911 15,696
Supplemental Cash Flows Information    
Interest paid 691 1,493
Income taxes paid (net of refunds) 46 610
Dividends payable 568 485
Foreclosed assets acquired in settlement of loans $ 0 $ 253