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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Operating Activities    
Net income $ 1,331 $ 1,100
Items not requiring (providing) cash    
Depreciation 169 153
Provision for loan losses 315 (54)
Amortization of premiums and discounts on securities 158 91
Deferred income taxes (78) 342
Net realized gains on loan sales (563) (140)
Net realized gains on sales of available-for-sale securities (204) (1)
Loss on foreclosed assets held for sale 9 2
Bank-owned life insurance income, net (70) (70)
Originations of loans held for sale (16,358) (5,883)
Proceeds from sales of loans held for sale 17,457 6,356
ESOP compensation expense 104 105
Stock equity plan expense 31 55
Changes in    
Accrued interest receivable 293 (244)
Other assets 45 (296)
Accrued interest payable (116) 389
Post-retirement benefit obligation 18 16
Other liabilities (1,343) (54)
Net cash provided by operating activities 1,198 1,867
Investing Activities    
Purchases of available-for-sale securities (13,757) (6,596)
Proceeds from the sales of available-for-sale securities 7,830  
Proceeds from maturities and pay downs of available-for-sale securities 7,076 6,034
Net change in loans (9,544) (3,482)
Purchase of premises and equipment (57) (84)
Proceeds from the sale of foreclosed assets 190 220
Purchase of Federal Home Loan Bank stock (1,170) (41)
Net cash used in investing activities (9,432) (3,949)
Financing Activities    
Net decrease in demand deposits, money market, NOW and savings accounts (12,203) (44,353)
Net increase (decrease) in certificates of deposit, including brokered certificates 12,234 (6,193)
Net increase in advances from borrowers for taxes and insurance 287 100
Proceeds from Federal Home Loan Bank advances 72,000 8,000
Repayments of Federal Home Loan Bank advances (82,500) (5,000)
Proceeds from other borrowings   5,000
Net increase in repurchase agreements 645 1,087
Purchases of common stock   (6,783)
Net cash used in financing activities (9,537) (48,142)
Net Decrease in Cash and Cash Equivalents (17,771) (50,224)
Cash and Cash Equivalents, Beginning of Period 33,467 59,600
Cash and Cash Equivalents, End of Period 15,696 9,376
Supplemental Cash Flows Information    
Interest paid 1,493 2,033
Income taxes paid (net of refunds) 610 200
Dividends payable 485 521
Foreclosed assets acquired in settlement of loans $ 253 $ 28