XML 27 R9.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Statement of Cash Flows (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Operating Activities    
Net income $ 2,473 $ 2,766
Items not requiring (providing) cash    
Depreciation 304 336
Provision for loan losses 366 552
Amortization of premiums and discounts on securities 759 957
Deferred income taxes 51 (79)
Net realized gains on loan sales (236) (441)
Net realized (gains)/losses on sales of available-for-sale securities 199 (629)
(Loss) gain on foreclosed assets held for sale 209 (22)
Bank-owned life insurance income, net (202) (197)
Originations of loans held for sale (6,683) (17,697)
Proceeds from sales of loans held for sale 6,905 18,083
ESOP compensation expense 234 199
Stock equity plan expense 69  
Changes in    
Accrued interest receivable (336) (237)
Other assets 463 259
Accrued interest payable 37 (2)
Post-retirement benefit obligation 106 45
Other liabilities (246) (187)
Net cash provided by operating activities 4,472 3,706
Investing Activities    
Purchases of available-for-sale securities (63,299) (145,832)
Proceeds from the sales of available-for-sale securities 42,676 122,802
Proceeds from maturities and pay-downs of available-for-sale securities 7,398 20,978
Net change in loans (12,390) (32,271)
Purchase of FHLB stock   (1,250)
Purchase of premises and equipment (911) (282)
Proceeds from sale of foreclosed assets 414 642
Net cash used in investing activities (26,112) (35,213)
Financing Activities    
Net increase in demand deposits, money market, NOW and savings accounts 4,301 6,364
Net increase in certificates of deposit, including brokered certificates 28,810 20,216
Net increase in advances from borrowers for taxes and insurance 356 408
Proceeds from Federal Home Loan Bank advances 309,000 508,665
Repayments of Federal Home Loan Bank advances (310,937) (496,000)
Dividends paid (211)  
Stock purchase per stock repurchase plan (3,798) (2,935)
Net cash provided by financing activities 27,521 36,718
Net Increase in Cash and Cash Equivalents 5,881 5,211
Cash and Cash Equivalents, Beginning of Period 6,580 8,193
Cash and Cash Equivalents, End of Period 12,461 13,404
Supplemental Cash Flows Information    
Interest paid 2,313 2,343
Income taxes paid, net of refunds 1,391 1,799
Foreclosed assets acquired in settlement of loans 586 58
Dividends payable $ 221