XML 18 R7.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Cash flows from operating activities:    
Net income $ 280 $ 297
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation 81 86
Accretion of purchased loan credit discount (22) (46)
Amortization of purchased loan premium 4 3
Amortization (accretion) of deferred loan origination costs (fees) 24 15
Amortization of premiums on investment securities 3 18
Amortization of premiums on deposits (81)
Net loss (gain) on sale of real estate owned (43) (73)
Deferred gain on sale of real estate owned (4)
ESOP compensation expense 47 52
Earnings on bank-owned life insurance (24) (24)
Provision for loan losses 4
Origination of loans held for sale (203)
Increase (decrease) in cash, due to changes in:    
Accrued interest receivable (1)
Prepaid expenses and other assets 72 343
Accrued interest payable 1 (1)
Other liabilities 50 107
Federal income taxes 34 61
Net cash provided by operating activities 507 553
Cash flows from investing activities:    
Purchase of term deposits in other financial institutions (2,727) (988)
Securities maturities, prepayments and calls:    
Held to maturity 116 638
Available for sale 1 1
Loans originated for investment, net of principal collected 1,889 (2,798)
Proceeds from sale of real estate owned 125 336
Additions to real estate owned (10) (13)
Additions to premises and equipment, net (24) (40)
Net cash used in investing activities (630) (2,864)
Cash flows from financing activities:    
Net increase (decrease) in deposits 5,342 (2,988)
Payments by borrowers for taxes and insurance, net 236 273
Proceeds from Federal Home Loan Bank advances 1,500 12,000
Repayments on Federal Home Loan Bank advances (11,050) (6,064)
Dividends paid on common stock (363) (372)
Net cash provided by (used in) financing activities (4,335) 2,849
Net increase (decrease) in cash and cash equivalents (4,458) 538
Beginning cash and cash equivalents 12,804 13,108
Ending cash and cash equivalents 8,346 13,646
Cash paid during the period for:    
Federal income taxes 100 100
Interest on deposits and borrowings 467 410
Transfers of loans to real estate owned, net 660 68
Loans made on sale of real estate owned $ 169 $ 110