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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2022
Jun. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES    
Net Income $ 4,873 $ 5,365
Adjustments to Reconcile Net Income to Net Cash Provided By Operating Activities    
Gain on Sale of Loans (1,982) (4,319)
Net Amortization and Accretion on Securities 109 157
Amortization of Deferred Loan Fees (805) (1,326)
Provision for Loan Losses 336 1,800
Real Estate Owned Valuation Adjustment 0 200
Depreciation of Premises and Equipment 763 665
Net Loss on Sale of Real Estate 48 42
ESOP Compensation Expense 459 333
Stock Options Expense 95 107
Deferred Income Tax (Benefit) Expense (324) (61)
Federal Home Loan Bank Stock Certificate 0 (5)
Recognition and Retention Plan and Share Awards Expense 121 126
Decrease (Increase) in Cash Surrender Value on Bank Owned Life Insurance 617 (127)
Bad Debt Recovery 24 202
Changes in Assets and Liabilities:    
Origination and Purchase of Loans Held-for-Sale (87,238) (194,574)
Sale and Principal Repayments on Loans Held-for-Sale 99,669 199,264
Accrued Interest Receivable 39 697
Other Operating Assets 366 62
Other Operating Liabilities (111) (276)
Net Cash Provided by (Used in) Operating Activities 17,059 8,332
CASH FLOWS FROM INVESTING ACTIVITIES    
Loan Originations and Principal Collections, Net (51,004) 21,841
Deferred Loan Fees Collected 372 634
Acquisition of Premises and Equipment (2,574) (2,354)
Proceeds from Sale of Real Estate 814 883
Improvements to Real Estate Owned Prior to Disposition 0 (124)
Activity in Available-for-Sale Securities:    
Principal Payments on Mortgage-Backed Securities 8,400 21,712
Purchases of Securities (9,484) (10,086)
Activity in Held-to-Maturity Securities:    
Purchases of Municipal Bonds 0 (1,130)
Purchases of FHLB Stock (15) 0
Principal Payments on Mortgage-Backed Securities 9,317 6,445
Sale/Redemptions of Securities 0 2,437
Purchases of Securities (34,619) (41,678)
Net Cash Used in Investing Activities (78,793) (1,420)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net Increase in Deposits 25,395 45,786
Repayments of Advances from Federal Home Loan Bank (35) (193)
Dividends Paid (1,353) (1,122)
Company Stock Purchased (4,484) (2,593)
Net Decrease in Advances from Borrowers for Taxes and Insurance (72) (96)
Proceeds from Other Bank Borrowings 3,150 2,400
Repayment of Other Bank Borrowings (3,200) (2,300)
Proceeds from Stock Options Exercised 1,889 587
Recognition and Retention Plan Share Distributions 117 153
Net Cash Provided by Financing Activities 21,407 42,622
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS (40,327) 49,534
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR 104,405 54,871
CASH AND CASH EQUIVALENTS, END OF YEAR 64,078 104,405
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION    
Interest Paid on Deposits and Borrowed Funds 1,892 3,331
Income Taxes Paid 1,115 1,475
Market Value Adjustment for Unrealized Gain on Debt Securities Available For Sale 2,500 (810)
Transfer from Loans to Other Real Estate $ 0 $ 434