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Consolidated Statements of Cash Flows - USD ($)
3 Months Ended 12 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Mar. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES      
Net loss $ (2,756,000) $ (812,000)  
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision for (recovery of) loan losses 72,000 (102,000)  
Stock based compensation expense 26,000 33,000  
Depreciation and amortization expense 259,000 262,000  
Gain on sale of securities 0 (862,000)  
Amortization and accretion of loan premiums and discounts and deferred charges 159,000 218,000  
Amortization and accretion of premiums and discounts — securities 89,000 170,000  
Decrease (increase) in accrued interest receivable 61,000 (335,000)  
(Increase) decrease in other assets (162,000) 1,829,000  
(Decrease) increase in other liabilities (2,027,000) 15,180,000  
Net cash (used in) provided by operating activities (4,279,000) 15,581,000  
CASH FLOWS FROM INVESTING ACTIVITIES      
Purchases of investments: Available-for-sale 0 (33,036,000)  
Proceeds from Sale of Available-for-sale Securities 0 30,190,000  
Proceeds from principal payments, maturities and calls of investments: Available-for-sale 2,443,000 4,790,000  
Proceeds from principal payments, maturities and calls of investments: Held-to-maturity 1,961,000 267,000  
Loans held-for-investment repayments/payoffs, net of originations 1,883,000    
Loans held-for-investment originations, net of repayments/payoffs   30,612,000  
Loans purchased from third parties (8,370,000) 0  
Proceeds on sale of loans 926,000 0  
(Purchase) redemption of FHLB-NY stock, net (32,000) 16,000  
Purchase of premises and equipment (98,000) (106,000)  
Net cash used in investing activities (1,287,000) (28,491,000)  
CASH FLOWS FROM FINANCING ACTIVITIES      
Net increase in deposits 11,717,000 50,772,000  
Proceeds from (Repayments of) Other Borrowings   28,293,000  
Repayments of Other Borrowings (4,515,000)    
Proceeds from Issuance of Unsecured Debt 1,500,000 0  
Net cash provided by financing activities 8,702,000 79,065,000  
Net increase in cash and cash equivalents 3,136,000 66,155,000  
Cash and cash equivalents at beginning of period 75,591,000 47,540,000  
Cash and cash equivalents at end of period 78,727,000 113,695,000 $ 47,540,000
Noncash financing and investing activities      
Securities purchased not yet paid for 0 13,399,000  
Recognition of right-of-use asset 680,000 0 $ 20,000,000.0
Recognition of finance lease asset 0 13,000  
Recognition of finance lease liability 0 13,000  
Cash paid for:      
Interest 3,765,000 1,167,000  
Income taxes $ 16,000 $ 16,000