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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Cash flows from operating activities:    
Net income $ 1,323 $ 935
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 309 336
Accretion of purchased loan discount (86) (159)
Amortization of purchased loan premium 15 16
Amortization of discounts and premiums on investment securities, net 12 69
Amortization of deferred loan origination costs (fees) 80 48
Accretion of premiums on deposits (35)
Net gain on sale of investments (64)
Net gain on sale of loans (28) (23)
Valuation adjustment of REO 37 171
Net gain on real estate owned (52) (67)
Deferred gain on sale of real estate owned (20) (17)
ESOP compensation expense 188 213
Earnings on bank-owned life insurance (449) (94)
Provision for loan losses 185 242
Origination of loans held for sale (929) (746)
Proceeds from loans held for sale 957 769
Increase (decrease) in cash, due to changes in:    
Accrued interest receivable (27) 31
Prepaid expenses and other assets (144) 356
Accrued interest payable 1 (1)
Accounts payable and other liabilities 123 5
Federal income tax (benefit)    
Current (70) 19
Deferred (276) 92
Net cash provided by operating activities 1,149 2,096
Cash flows from investing activities:    
Purchase of investment securities held to maturity (6,499)
Purchase of time deposits in other financial institutions (2,727) (490)
Maturities of time deposits in other financial institutions 1,236
Investment securities maturities, prepayments and calls:    
Held to maturity 473 9,043
Available for sale 22 10
Proceeds from sale of investments 72
Proceeds from bank-owned life insurance 1,163
Loans originated for investment, net of principal collected (13,001) (20,785)
Proceeds from sale of real estate owned 409 943
Additions to real estate owned (5) (37)
Additions to premises and equipment, net (151) (124)
Net cash used in investing activities (12,581) (17,867)
Cash flows from financing activities:    
Net change in deposits 12,808 (5,692)
Payments by borrowers for taxes and insurance, net (56) 77
Proceeds from Federal Home Loan Bank advances 24,600 47,100
Repayments on Federal Home Loan Bank advances (27,328) (24,531)
Dividends paid on common stock (1,453) (1,487)
Net cash provided by financing activities 8,571 15,467
Net decrease in cash and cash equivalents (2,861) (304)
Beginning cash and cash equivalents 12,804 13,108
Ending cash and cash equivalents 9,943 12,804
Cash paid during the year for:    
Federal income taxes 300 400
Interest on deposits and borrowings 2,160 1,493
Supplemental disclosure of noncash investing activities:    
Transfers from loans to real estate acquired through foreclosure 910 841
Loans disbursed upon sales of real estate acquired through foreclosure $ 169 $ 214