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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Operating Activities    
Net income $ 1,969 $ 1,891
Items not requiring (providing) cash    
Depreciation 166 169
Provision (credit) for credit losses (88) (127)
Amortization of premiums and discounts on securities 110 197
Deferred income taxes (92) 116
Net realized gains on loan sales (42) (226)
Loss (gain) on foreclosed assets held for sale (28) (13)
Bank-owned life insurance income, net (97) (239)
Originations of loans held for sale (1,344) (8,260)
Proceeds from sales of loans held for sale 1,523 8,895
ESOP compensation expense 91 109
Stock equity plan expense 56 42
Changes in    
Accrued interest receivable (306) (105)
Other assets (53) (783)
Accrued interest payable 31 (12)
Post-retirement benefit obligation 6 15
Other liabilities (2,187) (1,599)
Net cash provided by (used in) operating activities (285) 70
Investing Activities    
Purchases of available-for-sale securities (980) (18,674)
Proceeds from maturities and pay downs of available-for-sale securities 7,201 7,367
Net change in loans (24,872) 6,799
Purchase of premises and equipment (28) (39)
Proceeds from the sale of foreclosed assets 148 81
Purchase of Federal Home Loan Bank stock (547) 0
Redemption of Federal Home Loan Bank stock 349 0
Proceeds from settlement of bank-owned life insurance death claim 0 454
Net cash used in investing activities (18,729) (4,012)
Financing Activities    
Net decrease in demand deposits, money market, NOW and savings accounts (83,170) (30,018)
Net decrease in certificates of deposit, including brokered certificates (11,445) (286)
Net increase (decrease) in advances from borrowers for taxes and insurance 279 (152)
Proceeds from Federal Home Loan Bank advances 112,000 0
Repayments of Federal Home Loan Bank advances (64,000) 0
Net increase in repurchase agreements 476 458
Proceeds from exercise of stock options 449 116
Net cash used in financing activities (45,411) (29,882)
Net Decrease in Cash and Cash Equivalents (64,425) (33,824)
Cash and Cash Equivalents, Beginning of Period 75,811 62,735
Cash and Cash Equivalents, End of Period 11,386 28,911
Supplemental Cash Flows Information    
Interest paid 797 691
Income taxes paid (net of refunds) 85 46
Dividends payable $ 667 $ 568