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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash flows from operating activities    
Net income $ 2,802 $ 4,237
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision (recovery) for loan losses   (20)
Depreciation expense 1,027 975
Other accretion, net (362) (1,057)
Deferred income taxes 570 683
Gain on lease abandonment   (117)
Net (gain) loss on disposition of premises and equipment (398) 7
Net gain on sale of other real estate owned   (18)
Amortization of core deposit intangibles 193 225
Amortization of ESOP 395 430
Net gain on sale of securities   (62)
Unrealized loss on equity securities 629 242
Earnings on bank-owned life insurance (1,106) (1,038)
Stock based compensation expense 1,883 249
Other, net (575) 124
Net cash provided by operating activities 5,058 4,860
Securities available for sale:    
Purchases (4,778) (97,948)
Maturities, calls and principal paydowns 11,534 13,201
Proceeds from sale of securities 0 5,008
Securities held to maturity:    
Purchases (5,023) (106,967)
Maturities, calls and principal paydowns 7,482 4,813
Equity securities:    
Purchases   (2,500)
Net increase in loans receivable (1,602) (13,092)
Interest bearing time deposits:    
Maturities and principal paydowns   1,250
Purchase of bank-owned life insurance (300) (2,901)
Regulatory stock purchases (4,023) (4,249)
Regulatory stock redemptions 5,253 3,396
Proceeds from sale of other real estate owned   93
Purchases of premises and equipment, net (344) (855)
Proceeds from the sale of premises and equipment 2,270 20
Net cash provided by (used in) investing activities 10,469 (200,731)
Cash flows from financing activities    
Net increase in deposits 28,865 53,917
Increase in borrowed funds   24,000
Repayment of borrowed funds (31,000)  
Repurchase of common stock (27,056) (9,080)
Decrease in advances from borrowers for taxes and insurance (129) (375)
Cash dividends (1,584) (5,143)
Net cash (used in) provided by financing activities (30,904) 63,319
Net decrease in cash and cash equivalents (15,377) (132,552)
Cash and cash equivalents - beginning 36,170 168,722
Cash and cash equivalents - ending 20,793 36,170
Supplementary cash flows information    
Interest paid 7,535 3,031
Income tax payments (refunds) 258 (666)
Transfers from loans to other real estate owned 141  
Operating lease right-of-use asset recorded 2,701 5,202
Operating lease liabilities recorded 2,701 5,202
Premises transferred to held for sale $ 1,959 $ 1,596