XML 19 R9.htm IDEA: XBRL DOCUMENT v3.22.2.2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Operating Activities    
Net income $ 5,784 $ 5,347
Items not requiring (providing) cash    
Depreciation 675 679
Provision for loan losses 492 844
Amortization of premiums and discounts on securities 614 855
Deferred income taxes 218 (162)
Net realized gains on loan sales (515) (1,573)
Net realized (gains) losses on sales of available-for-sale securities 275 (320)
Loss on foreclosed real estate held for sale 6 30
Bank-owned life insurance income, net (488) (411)
Originations of loans held for sale (27,546) (57,465)
Proceeds from sales of loans held for sale 28,016 58,660
ESOP compensation expense 445 379
Stock equity plan expense 156 193
Changes in    
Accrued interest receivable (126) 11
Other assets 280 (264)
Accrued interest payable (23) (338)
Post-retirement benefit obligation 37 87
Other liabilities 369 315
Net cash provided by operating activities 8,669 6,867
Investing Activities    
Net change in interest bearing time deposits 750 750
Purchases of available-for-sale securities (98,784) (79,590)
Proceeds from the sales of available-for-sale securities 6,049 12,891
Proceeds from maturities and pay-downs of available-for-sale securities 33,383 35,164
Net change in loans (6,577) (4,639)
Purchase of premises and equipment (387) (279)
Proceeds from the sale of foreclosed assets 253 418
Purchase of Federal Home Loan Bank stock 0 (1,170)
Redemption of Federal Home Loan Bank stock 1,056 0
Purchase of bank-owned life insurance (5,000) 0
Proceeds from settlement of bank-owned life insurance death claim 454 417
Net cash used in investing activities (68,803) (36,038)
Financing Activities    
Net increase in demand deposits, money market, NOW and savings accounts 95,880 85,455
Net decrease in certificates of deposit, including brokered certificates (11,492) (19,523)
Net increase (decrease) in advances from borrowers for taxes and insurance (425) 409
Proceeds from Federal Home Loan Bank advances 0 77,000
Repayment of Federal Home Loan Bank advances (10,000) (86,500)
Repayments of other borrowings (3,000) 0
Net increase in repurchase agreements 2,999 2,507
Dividends paid (1,067) (909)
Proceeds from exercise of stock options 315 0
Net cash provided by financing activities 73,210 58,439
Increase in Cash and Cash Equivalents 13,076 29,268
Cash and Cash Equivalents, Beginning of Year 62,735 33,467
Cash and Cash Equivalents, End of Year 75,811 62,735
Supplemental Cash Flows Information    
Interest paid 2,552 4,516
Income taxes paid (net of refunds) 1,956 2,743
Foreclosed assets acquired in settlement of loans $ 120 $ 321