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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash flows from operating activities    
Net income $ 326 $ 2,271
Adjustments to reconcile net income to net cash provided by operating activities:    
Recovery for credit losses (475)  
Depreciation expense 585 815
Other accretion, net (379) (300)
Deferred income taxes (257) (267)
Net gain on disposition of premises and equipment   (396)
Amortization of core deposit intangibles 123 146
Amortization of ESOP 319 308
Net gain on sale of securities (85)  
Unrealized (gain) loss on equity securities (371) 654
Earnings on bank-owned life insurance (922) (823)
Stock based compensation expense 1,446 1,411
Other, net 56 (535)
Net cash provided by operating activities 366 3,284
Securities available for sale:    
Purchases (1,152) (4,778)
Maturities, calls and principal paydowns 8,814 8,675
Proceeds from sale of securities 2,438 0
Securities held to maturity:    
Purchases (998) (5,023)
Maturities, calls and principal paydowns 5,847 5,756
Net increase in loans receivable (362) (8,898)
Interest bearing time deposits:    
Maturities and principal paydowns 500  
Purchase of bank-owned life insurance   (299)
Purchases of premises and equipment, net (120) (333)
Regulatory stock purchases (5,501) (3,147)
Regulatory stock redemptions 4,331 4,285
Proceeds from the sale of premises and equipment held for sale   2,270
Net cash provided by (used in) investing activities 13,797 (1,492)
Cash flows from financing activities    
Net (decrease) increase in deposits (9,371) 26,237
Net increase (repayment) of short-term borrowed funds 31,000  
Net repayment of short-term borrowed funds   (27,000)
Repurchase of common stock (37,270) (15,735)
Decrease in advances from borrowers for taxes and insurance (460) (366)
Cash dividends (900) (1,221)
Net cash used in financing activities (17,001) (18,085)
Net decrease in cash and cash equivalents (2,838) (16,293)
Cash and cash equivalents - beginning 20,793 36,170
Cash and cash equivalents - ending 17,955 19,877
Supplementary cash flows information    
Interest paid 11,271 4,665
Income tax (refunds) payments (187) 258
Transfers from loans to other real estate owned 300 141
Operating lease right-of-use asset recorded   2,701
Operating lease liabilities recorded   2,701
Premises transferred to held for sale $ 1,237 $ 268