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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities    
Net income $ 190 $ 2,088
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses 30  
Depreciation expense 400 584
Other accretion, net (281) (190)
Deferred income taxes (295) 319
Net loss on disposition of premises and equipment   (299)
Amortization of core deposit intangibles 82 97
Amortization of ESOP 211 206
Net gain on sale of securities (85)  
Unrealized (gain) loss on equity securities (221) 219
Earnings on bank-owned life insurance (603) (547)
Stock based compensation expense 953 945
Other, net 335 (515)
Net cash provided by operating activities 716 2,907
Securities available for sale:    
Purchases (1,152) (4,778)
Maturities, calls and principal paydowns 6,015 6,325
Proceeds from sale of securities 2,438 0
Securities held to maturity:    
Purchases (998) (5,023)
Maturities, calls and principal paydowns 4,301 4,130
Net decrease (increase) in loans receivable 10,384 (16,374)
Interest bearing time deposits:    
Maturities and principal paydowns 500  
Regulatory stock purchases (3,341) (2,327)
Regulatory stock redemptions 2,605 2,567
Proceeds from the sale of premises and equipment held for sale   1,934
Purchases of premises and equipment, net (104) (243)
Net cash provided by (used in) investing activities 20,648 (13,789)
Cash flows from financing activities    
Net (decrease) increase in deposits (8,525) 8,950
Net increase of short-term borrowed funds 20,000  
Net repayment of short-term borrowed funds   (5,000)
Repurchase of common stock (34,726) (8,559)
Decrease in advances from borrowers for taxes and insurance (745) (713)
Cash dividends (637) (824)
Net cash used in financing activities (24,633) (6,146)
Net decrease in cash and cash equivalents (3,269) (17,028)
Cash and cash equivalents - beginning 20,793 36,170
Cash and cash equivalents - ending 17,524 19,142
Supplementary cash flows information    
Interest paid 7,084 2,415
Income tax payments (refunds) 221 (107)
Operating lease right-of-use asset recorded   1,731
Operating lease liabilities recorded   $ 1,731
Premises transferred to held for sale $ 1,237