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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash flows from operating activities:    
Net income (loss) $ (643) $ 891
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation 178 195
Accretion of purchased loan credit discount (30) (34)
Amortization of deferred loan origination costs (fees) 2 (19)
Amortization of premiums on investment securities (18) (22)
Net gain on sale of loans (14) (6)
Net loss (gain) on sale of real estate owned (8)
Net gain on sale of property & equipment (10)
ESOP compensation expense 4
Earnings on bank-owned life insurance (63) (60)
Provision for (recovery of) credit losses (13) 113
Origination of loans held for sale (512) (157)
Proceeds from loans held for sale 526 315
Deferred income tax (231)
Increase (decrease) in cash, due to changes in:    
Accrued interest receivable (324) (238)
Prepaid expenses and other assets (287) (38)
Accrued interest payable 80 36
Other liabilities 89
Income taxes 32
Net cash provided by (used in) operating activities (1,268) 1,002
Cash flows from investing activities:    
Purchase of investments available for sale (4,974)
Purchase of FHLB stock (1,310) (251)
Maturities of time deposits in other financial institutions
Securities maturities, prepayments and calls:    
Held to maturity 47 46
Available for sale 1,918 2,133
Proceeds from redemption of FHLB stock 1,405 2,061
Loans originated for investment, net of principal collected (14,780) (32,497)
Proceeds from sale of property and equipment held for sale 180
Proceeds from REO 68
Proceeds from sale of real estate owned
Additions to premises and equipment, net (60) (122)
Net cash provided by (used in) investing activities (12,712) (33,424)
Cash flows from financing activities:    
Net increase (decrease) in deposits 19,796 (30,466)
Payments by borrowers for taxes and insurance, net (150) (263)
Proceeds from Federal Home Loan Bank advances 70,003 119,750
Repayments on Federal Home Loan Bank advances (67,742) (72,917)
Treasury stock purchased (394)
Dividends paid on common stock (671) (1,026)
Net cash provided by (used in) financing activities 21,236 14,684
Net increase (decrease) in cash and cash equivalents 7,256 (17,738)
Beginning cash and cash equivalents 8,167 25,823
Ending cash and cash equivalents 15,423 8,085
Cash paid during the period for:    
Income taxes 125 250
Interest on deposits and borrowings 6,662 2,265
Transfers of loans to real estate owned, net $ 60