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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities    
Net income $ 3,159 $ 3,113
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
(Recovery) provision for loan losses (20) 113
Depreciation expense 722 757
Other accretion, net (810) (1,779)
Deferred income taxes 210 1,101
Gain on lease abandonment (117)  
Net gain on disposition of premises and equipment (15) (435)
Net gain on sale of other real estate owned   (206)
Amortization of core deposit intangibles 169 192
Amortization of ESOP 325 8
Net gain on sale of securities (62) (5)
Unrealized loss on equity securities 96  
Earnings on bank-owned life insurance (775) (320)
Decrease in pension liabilities   (2,735)
Other, net 683 (689)
Net cash provided by (used in) operating activities 3,565 (885)
Securities available for sale:    
Purchases (68,068) (59,840)
Maturities, calls and principal paydowns 9,635 25,642
Proceeds from sale of securities 5,008 12,365
Securities held to maturity:    
Purchases (106,967)  
Maturities, calls and principal paydowns 2,723  
Equity securities:    
Purchases (2,500)  
Net decrease in loans receivable 4,971 34,134
Interest bearing time deposits:    
Purchases   (500)
Maturities and principal paydowns 750 750
Purchase of bank-owned life insurance (2,000)  
Regulatory stock purchases (1)  
Regulatory stock redemptions 992 1,175
Proceeds from sale of other real estate owned   367
Purchases of premises and equipment, net (649) (757)
Proceeds from the sale of premises and equipment 20 2,661
Net cash (used in) provided by investing activities (156,086) 15,997
Cash flows from financing activities    
Net increase (decrease) in deposits 68,622 (10,954)
Repayment of borrowed funds (21,000) (23,197)
Purchase of unearned common stock held by employee stock ownership plan   (10,112)
Issuance of common stock funded by stock subscriptions   128,861
Purchase of treasury stock   (49)
Repurchase of common stock (293)  
Decrease in advances from borrowers for taxes and insurance (568) (1,133)
Cash dividends (4,716) (1,886)
Net cash provided by financing activities 42,045 81,530
Net (decrease) increase in cash and cash equivalents (110,476) 96,642
Cash and cash equivalents - beginning 168,722 82,915
Cash and cash equivalents - ending 58,246 179,557
Supplementary cash flows information    
Interest paid 2,359 3,627
Income tax (refunds) payments (666) 400
Operating lease right-of-use asset recorded 5,202 1,157
Operating lease liabilities recorded 5,202 1,157
Unsettled purchases of securities available for sale $ 4,972  
Premises transferred to held for sale   3,199
Transfer of loans to other real estate owned   $ 161