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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Mar. 31, 2024
Mar. 31, 2023
Jun. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES          
Net Income $ 732 $ 1,062 $ 2,955 $ 4,446  
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities          
Gain on Sale of Loans (69) (87) (184) (404)  
Gain on Sale of Investments     (26) 0  
Net Amortization and (Accretion) on Securities     (246) 21  
Amortization of Deferred Loan Fees     (95) (270)  
Amortization of Purchased Loans     (666) 0  
Provision for (Recovery of) Credit Losses 11 150 (5) [1] 718 $ 868
Depreciation of Premises and Equipment     712 648  
Loss on Sale of Real Estate     415 0  
Gain on Sale of Fixed Assets     0 (4)  
ESOP Compensation Expense     243 313  
Stock Option Expense     46 80  
Deferred Income Tax (Benefit) Expense     (28) 47  
Share Awards Expense     118 92  
Increase in Cash Surrender Value on Bank Owned Life Insurance     (82) (77)  
Amortization of Core Deposit Intangible 79 71 258 71  
Loans Held-for-Sale - Originations and Purchases     (10,640) (22,065)  
Loans Held-for-Sale - Sale and Principal Repayments     8,924 25,287  
Changes in Assets and Liabilities:          
Accrued Interest Receivable     (142) (496)  
Other Operating Assets     132 (52)  
Other Operating Liabilities     (1,229) 479  
Net Cash Provided by Operating Activities     460 8,834  
CASH FLOWS FROM INVESTING ACTIVITIES          
Loan Originations and Purchases, Net of Principal Collections     (9,710) (93,678)  
Deferred Loan Fees Collected     48 135  
Acquisition of Premises and Equipment     (2,312) (997)  
Net Cash Paid in Acquisition     0 (10,244)  
Changes in Federal Home Loan Bank Stock     (52) (983)  
Activity in Available-for-Sale Securities:          
Principal Payments on Securities     9,388 3,764  
Purchase of Securities     (2,667) (20,826)  
Proceeds from Sales of Municipals     3,388 0  
Activity in Held-to-Maturity Securities:          
Principal Payments on Mortgage-Backed Securities     4,157 5,121  
Proceeds from Sale of Other Real Estate Owned     456 0  
Improvements to Other Real Estate Owned Prior to Disposition     (38) 0  
Net Cash Provided by (Used in) Investing Activities     2,658 (117,708)  
CASH FLOWS FROM FINANCING ACTIVITIES          
Net (Decrease)/ Increase in Deposits     (18,480) 82,383  
Proceeds from Advances from Federal Home Loan Bank     792,700 163,001  
Repayments of Advances from Federal Home Loan Bank     (792,700) (153,833)  
Dividends Paid     (1,177) (1,165)  
Company Stock Purchased     (39) (5,963)  
Net Decrease in Advances from Borrowers for Taxes and Insurance     (138) (176)  
Proceeds from Other Bank Borrowings     2,700 5,900  
Repayments of Other Bank Borrowings     (2,750) 0  
Proceeds from Stock Options Exercised     20 217  
Net Cash Provided by Financing Activities     (19,864) 90,364  
NET DECREASE IN CASH AND CASH EQUIVALENTS     (16,746) (18,510)  
CASH AND CASH EQUIVALENTS - BEGINNING OF PERIOD     24,765 64,078 64,078
CASH AND CASH EQUIVALENTS - END OF PERIOD $ 8,019 $ 45,568 8,019 45,568 $ 24,765
SUPPLEMENTAL CASH FLOW INFORMATION          
Interest Paid on Deposits and Borrowed Funds     9,379 2,598  
Income Taxes Paid     680 750  
Market Value Adjustment for Gain (Loss) on Securities Available-for-Sale     65 (348)  
Transfer from Loans to Other Real Estate Owned     465 0  
Acquisitions:          
Fair Value of Tangible Assets Acquired     0 82,889  
Other Intangible Assets Acquired     0 1,510  
Liabilities Assumed     0 77,145  
Net Identifiable Assets Acquired Over Liabilities Assumed     $ 0 $ 7,254  
[1] Current provision included in the table only includes the portion related to loans receivable.