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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Mar. 31, 2020
Mar. 31, 2019
Jun. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES          
Net Income $ 977 $ 1,189 $ 2,812 $ 3,582  
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities          
Bad Debt Recovery     8 2  
Federal Home Loan Bank stock certificate     (43) (35)  
Net Amortization and Accretion on Securities     70 79  
(Gain) Loss on Sale of Real Estate     (4) 345  
Gain on Sale of Loans (604) (305) (1,751) (1,071)  
Gain on Sale of Securities (219) 0 (219) 0  
Amortization of Deferred Loan Fees     (107) (147)  
Depreciation of Premises and Equipment     487 363  
ESOP Expense     281 275  
Stock Option Expense     103 105  
Recognition and Retention Plan Expense     2 21  
Deferred Income Tax     61 (58)  
Valuation Adjustment Real Estate Owned     0 75  
Provision for Loan Losses 316 100 1,441 450 $ 600
Increase in Cash Surrender Value on Bank Owned Life Insurance (34) (35) (105) (105)  
Share Awards Expense     111 102  
Changes in Assets and Liabilities:          
Loans Held-for-Sale - Originations and Purchases     (75,089) (42,338)  
Loans Held-for-Sale - Sale and Principal Repayments     74,970 44,713  
Accrued Interest Receivable     100 (143)  
Other Operating Assets     (114) 200  
Other Operating Liabilities     (86) (310)  
Net Cash Provided by Operating Activities     2,928 6,105  
CASH FLOWS FROM INVESTING ACTIVITIES          
Loan Originations and Purchases, Net of Principal Collections     3,284 (6,942)  
Deferred Loan Fees Collected     120 89  
Acquisition of Premises and Equipment     (701) (2,412)  
Proceeds from Sale of Real Estate     2,343 469  
Activity in Available-for-Sale Securities:          
Principal Payments on Mortgage-Backed Securities     8,991 5,154  
Sale of Securities     9,856 0  
Purchases of Securities     (21,250) (18,496)  
Activity in Held-to-Maturity Securities:          
Principal Payments on Mortgage-Backed Securities     3,785 2,952  
Purchase of Securities     (245) 0  
Net Cash Provided by (Used in) Investing Activities     6,183 (19,186)  
CASH FLOWS FROM FINANCING ACTIVITIES          
Net Increase in Deposits     17,900 21,848  
Repayments of Advances from Federal Home Loan Bank     (220) (10,210)  
Proceeds from Other Borrowings     1,800 450  
Repayments of Other Borrowings     (450) (750)  
Net Decrease in Advances from Borrowers for Taxes and Insurance     (211) (266)  
Dividends Paid     (865) (792)  
Company Stock Purchased     (3,779) (2,097)  
Proceeds from Stock Options Exercised     65 309  
Plan Share Distributions     153 135  
Net Cash Provided by Financing Activities     14,393 8,627  
NET DECREASE (DECREASE) IN CASH AND CASH EQUIVALENTS     23,504 (4,454)  
CASH AND CASH EQUIVALENTS - BEGINNING OF PERIOD     18,108 15,867 15,867
CASH AND CASH EQUIVALENTS - END OF PERIOD $ 41,612 $ 11,413 41,612 11,413 $ 18,108
SUPPLEMENTARY CASH FLOW INFORMATION          
Interest Paid on Deposits and Borrowed Funds     3,002 2,603  
Income Taxes Paid     760 1,068  
Market Value Adjustment for Gain (Loss) on Debt Securities Available-for-Sale     $ 656 $ 513