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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash flows from operating activities    
Net income $ 1,027 $ 1,160
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Provision (recovery) for loan losses   (30)
Depreciation expense 265 231
Other accretion, net (133) (258)
Net loss on disposition of premises and equipment 1  
Amortization of core deposit intangibles 48 57
Amortization of ESOP 102 108
Net gain on sale of securities   (62)
Unrealized loss (gain) on equity securities 273 (105)
Earnings on bank-owned life insurance (273) (238)
Stock based compensation expense 490  
Other, net 799 214
Net cash provided by operating activities 2,599 1,077
Securities available for sale:    
Purchases (1,923) (10,100)
Maturities, calls and principal paydowns 3,637 2,896
Proceeds from sale of securities 0 5,008
Securities held to maturity:    
Purchases (4,484) (38,252)
Maturities, calls and principal paydowns 2,243 122
Equity securities:    
Purchases   (2,500)
Net decrease in loans receivable 3,181 7,369
Interest bearing time deposits:    
Maturities and principal paydowns   500
Purchase of bank-owned life insurance   (2,000)
Regulatory stock purchases (1,487) (1)
Regulatory stock redemptions 1,915 358
Purchases of premises and equipment, net (122) (256)
Proceeds from the sale of premises and equipment 123  
Net cash provided by (used in) investing activities 3,083 (36,856)
Cash flows from financing activities    
Net (decrease) increase in deposits (6,373) 8,223
Net repayment of short-term borrowed funds (10,000) (7,000)
Repurchase of common stock (4,582)  
Decrease in advances from borrowers for taxes and insurance (1,355) (1,667)
Cash dividends (419) (4,551)
Net cash used in financing activities (22,729) (4,995)
Net decrease in cash and cash equivalents (17,047) (40,774)
Cash and cash equivalents - beginning 36,170 168,722
Cash and cash equivalents - ending 19,123 127,948
Supplementary cash flows information    
Interest paid 877 860
Income tax refunds $ (467) (575)
Operating lease right-of-use asset recorded   2,804
Operating lease liabilities recorded   2,804
Unsettled purchases of securities available for sale   $ 2,344