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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash flows from operating activities:    
Net (loss) income $ (12,547) $ 812
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Goodwill impairment 13,560
Depreciation 277 282
Accretion of purchased loan discount (97) (90)
Amortization of purchased loan premium 10 11
Amortization of discounts and premiums on investment securities, net 8 6
Amortization of deferred loan origination costs (fees) 85 82
Net gain on sale of loans (186) (29)
Valuation adjustment of REO 36 66
Net gain on real estate owned (5) (10)
ESOP compensation expense 112 158
Net gain on sale of property & equipment   (9)
Earnings on bank-owned life insurance (76) (74)
Provision for loan losses 103 11
Origination of loans held for sale (5,598) (821)
Proceeds from loans held for sale 5,117 850
Increase (decrease) in cash, due to changes in:    
Accrued interest receivable (72) (52)
Prepaid expenses and other assets (62) 25
Accrued interest payable (1) 6
Accounts payable and other liabilities 111 (239)
Federal income tax (benefit)    
Current 131 (124)
Deferred 136 141
Net cash provided by operating activities 1,042 1,002
Cash flows from investing activities:    
Purchase of investment securities available for sale   (994)
Purchase of time deposits in other financial institutions (2,500) (4,486)
Maturities of time deposits in other financial institutions 7,233 3,216
Investment securities maturities, prepayments and calls:    
Held to maturity 169 220
Available for sale 502 4
Purchase of FHLB stock (16)  
Proceeds from sale of property & equipment   338
Loans originated for investment, net of principal collected (5,228) (10,806)
Proceeds from sale of real estate owned 292 175
Additions to real estate owned (44) (98)
Additions to premises and equipment, net (165) (148)
Net cash provided by (used in) investing activities 243 (12,579)
Cash flows from financing activities:    
Net change in deposits 16,437 183
Payments by borrowers for taxes and insurance, net 37 1
Proceeds from Federal Home Loan Bank advances 23,500 43,150
Repayments on Federal Home Loan Bank advances (35,488) (29,499)
Treasury stock purchases (542) (904)
Dividends paid on common stock (1,388) (1,436)
Net cash provided by financing activities 2,556 11,495
Net increase (decrease) in cash and cash equivalents 3,841 (82)
Beginning cash and cash equivalents 9,861 9,943
Ending cash and cash equivalents 13,702 9,861
Cash paid during the year for:    
Federal income taxes 100
Interest on deposits and borrowings 3,500 3,246
Supplemental disclosure of noncash investing activities:    
Transfers from loans to real estate acquired through foreclosure 304 347
Loans disbursed upon sales of real estate acquired through foreclosure $ 95 $ 214