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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Operating Activities    
Net income $ 4,063 $ 4,749
Items not requiring (providing) cash    
Depreciation 487 505
Provision for loan losses 253 39
Amortization of premiums and discounts on securities 217 460
Deferred income taxes (236) 304
Net realized gains on loan sales (124) (414)
Net realized losses on sales of available-for-sale securities 171 0
Loss (Gain) on foreclosed assets held for sale (28) 6
Bank-owned life insurance income, net (290) (393)
ESOP compensation expense 263 340
Stock equity plan expense 237 116
Originations of loans held for sale (5,116) (21,680)
Proceeds from sales of loans held for sale 5,458 21,875
Changes in    
Accrued interest receivable (618) (109)
Other assets (1,648) 328
Accrued interest payable 785 (31)
Post-retirement benefit obligation 17 29
Other liabilities (2,239) (421)
Net cash provided by operating activities 1,652 5,703
Investing Activities    
Net change in interest bearing time deposits 250 0
Purchases of available-for-sale securities (16,810) (68,002)
Proceeds from the sales of available-for-sale securities 7,695 0
Proceeds from maturities and pay downs of available-for-sale securities 19,832 23,006
Net change in loans (59,786) 13,225
Purchase of premises and equipment (2,142) (282)
Proceeds from sale of foreclosed assets 148 253
Purchase of Federal Home Loan Bank stock (1,050) 0
Redemption of Federal Home Loan Bank Stock 349 0
Purchase of bank-owned life insurance 0 (5,000)
Proceeds from settlement of bank-owned life insurance policies 0 454
Net cash used in investing activities (51,514) (36,346)
Financing Activities    
Net increase (decrease) in demand deposits, money market, NOW and savings accounts (96,884) 2,002
Net increase (decrease) in certificates of deposit, including brokered certificates 36,432 (2,603)
Net increase in advances from borrowers for taxes and insurance 849 370
Proceeds from Federal Home Loan Bank advances 263,600 0
Repayments of Federal Home Loan Bank advances (222,100) (5,000)
Net increase in repurchase agreements 1,520 1,018
Dividends paid (633) (532)
Proceeds from exercise of stock options 732 315
Net cash used in financing activities (16,484) (4,430)
Net Decrease in Cash and Cash Equivalents (66,346) (35,073)
Cash and Cash Equivalents, Beginning of Period 75,811 62,735
Cash and Cash Equivalents, End of Period 9,465 27,662
Supplemental Cash Flows Information    
Interest paid 5,266 1,948
Income taxes paid, net of refunds 1,780 1,603
Foreclosed assets acquired in settlement of loans 0 120
Dividends Payable $ 672 $ 570