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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities    
Net income $ 2,088 $ 2,335
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision (recovery) for loan losses   (30)
Depreciation expense 584 470
Other accretion, net (190) (483)
Deferred income taxes 319 204
Net gain on sale of fixed assets held for sale (299)  
Amortization of core deposit intangibles 97 113
Amortization of ESOP 206 215
Net gain on sale of securities   (62)
Unrealized loss (gain) on equity securities 219 (140)
Earnings on bank-owned life insurance (547) (516)
Stock based compensation expense 945  
Other, net (515) 338
Net cash provided by operating activities 2,907 2,444
Securities available for sale:    
Purchases (4,778) (22,687)
Maturities, calls and principal paydowns 6,325 6,342
Proceeds from sale of securities 0 5,008
Securities held to maturity:    
Purchases (5,023) (106,967)
Maturities, calls and principal paydowns 4,130 1,126
Equity securities:    
Purchases   (2,500)
Net (increase) decrease in loans receivable (16,374) 5,026
Interest bearing time deposits:    
Maturities and principal paydowns   750
Purchase of bank-owned life insurance   (2,000)
Regulatory stock purchases (2,327) (1)
Regulatory stock redemptions 2,567 393
Proceeds from the sale of fixed assets held for sale 1,934  
Purchases of premises and equipment, net (243) (459)
Net cash used in investing activities (13,789) (115,969)
Cash flows from financing activities    
Net increase in deposits 8,950 17,922
Net repayment of short-term borrowed funds (5,000) (7,000)
Repurchase of common stock (8,559)  
Decrease in advances from borrowers for taxes and insurance (713) (943)
Cash dividends (824) (4,551)
Net cash (used in) provided by financing activities (6,146) 5,428
Net decrease in cash and cash equivalents (17,028) (108,097)
Cash and cash equivalents - beginning 36,170 168,722
Cash and cash equivalents - ending 19,142 60,625
Supplementary cash flows information    
Interest paid 2,415 1,622
Income tax refunds (107) (666)
Operating lease right-of-use asset recorded 1,731 4,919
Operating lease liabilities recorded $ 1,731 $ 4,919