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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash flows from operating activities:    
Net income $ 2,994 $ 2,147
Adjustments to reconcile net income to net cash flows from operating activities:    
Depreciation 781 647
Securities amortization and accretion, net 1,087 1,092
Provision for loan losses 596 1,498
Loss on disposal of fixed assets 2 7
(Gain) loss on disposition or direct write-down of other real estate owned 35 (2)
Net gain on sale of loans (258) (186)
Deferred income tax expense (benefit) 128 (142)
Gain on sale of securities (209) (202)
Origination of loans held for sale (24,379) (13,495)
Proceeds from loans held for sale 24,775 13,095
Increase in cash surrender value of life insurance (246) (193)
Change in other assets and other liabilities 73 (415)
Net cash flows from operating activities 5,379 3,851
Cash flows from investing activities:    
Purchases (41,752) (29,739)
Maturities, calls and principal pay downs 21,869 24,285
Proceeds from sales of available-for-sale securities 7,342 10,596
Purchases (1,000)
Principal pay downs 235 161
Net (increase) decrease in certificates of deposit with other financial institutions 1,985 (1,436)
Purchase of Federal Home Loan Stock (29)
Net increase in loans (18,120) (28,161)
Purchase of Bank owned life insurance (2,000)
Acquisition of premises and equipment (598) (2,634)
Disposal of premises and equipment 2
Proceeds from sale of other real estate owned 7 40
Net cash flows from investing activities (32,059) (26,888)
Cash flows from financing activities:    
Net increase in deposit accounts 27,823 13,652
Proceeds from Federal Home Loan Bank advances 19,325 16,300
Repayments of Federal Home Loan Bank advances (24,286) (5,259)
Change in short-term borrowings 4,857 (709)
Dividends paid (1,308) (1,310)
Net cash flows from financing activities 26,411 22,674
Decrease in cash and cash equivalents (269) (363)
Cash and cash equivalents, beginning of year 10,181 10,544
Cash and cash equivalents, end of year $ 9,912 $ 10,181