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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash flows from operating activities    
Net income $ 1,160 $ 670
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
(Recovery) provision for loan losses (30) 66
Depreciation expense 231 309
Other accretion, net (258) (966)
Net gain on disposition of premises and equipment   (15)
Amortization of core deposit intangibles 57 64
Amortization of ESOP 108  
Net gain on sale of securities (62)  
Unrealized gain on equity securities (105)  
Earnings on bank-owned life insurance (238) (112)
Other, net 214 (955)
Net cash provided by (used in) operating activities 1,077 (939)
Securities available for sale:    
Purchases (10,100) (42,523)
Maturities, calls and principal paydowns 2,896 9,099
Proceeds from sale of securities 5,008  
Securities held to maturity:    
Purchases (38,252)  
Maturities, calls and principal paydowns 122  
Equity securities:    
Purchases (2,500)  
Net decrease in loans receivable 7,369 11,272
Interest bearing time deposits:    
Maturities and principal paydowns 500  
Purchase of bank-owned life insurance (2,000)  
Regulatory stock purchases (1)  
Regulatory stock redemptions 358 981
Purchases of premises and equipment, net (256) (302)
Proceeds from the sale of premises and equipment   425
Net cash used in investing activities (36,856) (21,048)
Cash flows from financing activities    
Net increase in deposits 8,223 21,863
Repayment of borrowed funds (7,000) (23,197)
Decrease in advances from borrowers for taxes and insurance (1,667) (1,626)
Cash dividends (4,551) (1,886)
Net cash used in financing activities (4,995) (4,846)
Net decrease in cash and cash equivalents (40,774) (26,833)
Cash and cash equivalents - beginning 168,722 82,915
Cash and cash equivalents - ending 127,948 56,082
Supplementary cash flows information    
Interest paid 860 1,513
Income tax (refunds) payments (575) 25
Operating lease right-of-use asset recorded 2,804  
Operating lease liabilities recorded 2,804  
Unsettled purchases of securities available for sale $ 2,344  
Premises transferred to held for sale   $ 2,392