XML 19 R9.htm IDEA: XBRL DOCUMENT v3.23.2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Operating Activities    
Net income $ 4,660 $ 5,784
Items not requiring (providing) cash    
Depreciation 663 675
Provision (credit) for credit losses (228) 492
Amortization of premiums and discounts on securities 118 614
Deferred income taxes (156) 218
Net realized gains on loan sales (172) (515)
Net realized losses on sales of available-for-sale securities 171 275
Loss (gain) on foreclosed real estate held for sale (28) 6
Bank-owned life insurance income, net (388) (488)
Originations of loans held for sale (7,554) (27,546)
Proceeds from sales of loans held for sale 7,934 28,016
ESOP compensation expense 335 445
Stock equity plan expense 327 156
Changes in    
Accrued interest receivable (758) (126)
Other assets (3,053) 280
Accrued interest payable 1,490 (23)
Post-retirement benefit obligation 21 37
Other liabilities (616) 369
Net cash provided by operating activities 2,766 8,669
Investing Activities    
Net change in interest bearing time deposits 250 750
Purchases of available-for-sale securities (18,205) (98,784)
Proceeds from the sales of available-for-sale securities 7,695 6,049
Proceeds from maturities and pay-downs of available-for-sale securities 23,601 33,383
Net change in loans (68,373) (6,577)
Purchase of premises and equipment (2,250) (387)
Proceeds from the sale of foreclosed assets 148 253
Purchase of Federal Home Loan Bank stock (1,050) 0
Redemption of Federal Home Loan Bank stock 1,065 1,056
Purchase of bank-owned life insurance 0 (5,000)
Proceeds from settlement of bank-owned life insurance death claim 0 454
Net cash used in investing activities (57,119) (68,803)
Financing Activities    
Net increase (decrease) in demand deposits, money market, NOW and savings accounts (49,826) 95,880
Net increase (decrease) in certificates of deposit, including brokered certificates 33,120 (11,492)
Net increase (decrease) in advances from borrowers for taxes and insurance 730 (425)
Proceeds from Federal Home Loan Bank advances 513,600 0
Repayment of Federal Home Loan Bank advances (509,100) (10,000)
Repayments of other borrowings 0 (3,000)
Net increase in repurchase agreements 1,543 2,999
Dividends paid (1,269) (1,067)
Proceeds from exercise of stock options 732 315
Net cash provided by (used in) financing activities (10,470) 73,210
Increase (Decrease) in Cash and Cash Equivalents (64,823) 13,076
Cash and Cash Equivalents, Beginning of Year 75,811 62,735
Cash and Cash Equivalents, End of Year 10,988 75,811
Supplemental Cash Flows Information    
Interest paid 8,585 2,552
Income taxes paid (net of refunds) 2,096 1,956
Foreclosed assets acquired in settlement of loans $ 31 $ 120