XML 19 R8.htm IDEA: XBRL DOCUMENT v3.20.4
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Dec. 31, 2020
Dec. 31, 2020
Dec. 31, 2019
Cash Flows from Operating Activities      
Net income   $ 2,046 $ 1,783
Adjustments to reconcile net income to net cash (used) provided by operating activities:      
Provision for loan losses $ 32 98  
Depreciation expense 219 528 210
Other accretion, net   (1,534) (336)
Deferred income taxes   903 255
Impact of tax law change     (408)
Net gain on sale of premises and equipment (454) (469) 0
Amortization of core deposit intangibles 64 128 118
Net loss (gain) on sale of securities 30 30 (93)
Earnings on bank-owned life insurance (98) (210) (165)
Decrease in pension liabilities   (2,735)  
Other, net   (1,742) (148)
Net Cash (Used) Provided by Operating Activities   (2,957) 1,216
Securities available for sale:      
Purchases   (49,220) (35,157)
Maturities, calls and principal paydowns   18,564 6,652
Proceeds from sale of securities 7,900 7,893 4,309
Net decrease in loans receivable   14,792 4,624
Interest bearing time deposits:      
Purchases   (500) (500)
Maturities & principal paydowns   500 3,988
Regulatory stock purchases     (217)
Regulatory stock redemptions   1,067  
Purchases of premises and equipment, net   (537) (1,117)
Proceeds from the sale of premises and equipment   2,661  
Net Cash Used by Investing Activities   (4,780) (17,418)
Cash Flows from Financing Activities      
Net increase in deposits   37,643 23,294
Proceeds from Federal Home Loan Bank advances     6,000
Repayment of Federal Home Loan Bank advances   (23,197)  
Decrease in advances from borrowers for taxes and insurance   (1,480) (1,172)
Cash dividends   (1,886) (1,983)
Net Cash Provided for Financing Activities   11,080 26,139
Net Increase in Cash and Cash Equivalents   3,343 9,937
Cash and Cash Equivalents-Beginning   82,915 26,168
Cash and Cash Equivalents-Ending $ 86,258 86,258 36,105
Supplementary Cash Flows Information      
Interest paid   2,706 2,430
Income taxes paid   400 12
Operating lease right-of-use asset recorded   399 1,231
Operating lease liabilities recorded   399 $ 1,213
Premises transferred to held for sale   $ 3,199