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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Operating Activities    
Net income $ 2,863 $ 1,359
Items not requiring (providing) cash    
Depreciation 465 514
Provision (credit) for credit losses (330) 196
Amortization (accretion) of premiums and discounts on securities (131) (172)
Deferred income taxes 50 132
Net realized gains on loan sales (224) (186)
Net realized losses on sales of available-for-sale securities 71 0
Loss (gain) on foreclosed assets held for sale 0 2
Bank-owned life insurance income, net (340) (318)
ESOP compensation expense 304 223
Stock equity plan expense 141 212
Originations of loans held for sale (12,184) (9,225)
Proceeds from sales of loans held for sale 12,447 8,938
Changes in    
Accrued interest receivable (370) (968)
Other assets 1,330 1,312
Accrued interest payable (1,280) 1,096
Post-retirement benefit obligation (1) 19
Other liabilities 1,031 (1,996)
Net cash provided by operating activities 3,842 1,138
Investing Activities    
Net change in interest bearing time deposits 0 500
Purchases of available-for-sale securities (11,063) (1,977)
Proceeds from the sales of available-for-sale securities 4,665 0
Proceeds from maturities and pay downs of available-for-sale securities 16,590 8,395
Net change in loans 1,450 (55,739)
Purchase of premises and equipment (167) (193)
Proceeds from sale of premises and equipment 0 88
Proceeds from sale of foreclosed assets 1 25
Purchase of Federal Home Loan Bank stock (1,432) (2,292)
Redemption of Federal Home Loan Bank stock 168 0
Net cash provided by (used in) investing activities 10,212 (51,193)
Financing Activities    
Net decrease in demand deposits, money market, NOW and savings accounts (44,555) (92,533)
Net increase in certificates of deposit, including brokered certificates 1,357 39,007
Net increase (decrease) in advances from borrowers for taxes and insurance 200 98
Proceeds from other borrowings 102,350 497,875
Repayments of other borrowings (127,600) (472,575)
Proceeds from Federal Home Loan Bank advances 444,500 561,999
Repayments of Federal Home Loan Bank advances (391,500) (485,500)
Net increase in repurchase agreements 1,138 7,395
Dividends paid (643) (639)
Net cash provided by (used in) financing activities (14,753) 55,127
Net Increase (Decrease) in Cash and Cash Equivalents (699) 5,072
Cash and Cash Equivalents, Beginning of Period 9,571 10,988
Cash and Cash Equivalents, End of Period 8,872 16,060
Supplemental Cash Flows Information    
Interest paid 18,786 15,997
Income taxes paid, net of refunds 572 221
Foreclosed assets in the settlement of loans 41 3
Dividends payable $ 670 $ 671