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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash flows from operating activities:    
Net income $ 5,527 $ 5,566
Adjustments to reconcile net income to net cash flows from operating activities:    
Depreciation 1,044 797
Securities amortization and accretion, net 353 784
Provision for loan losses 1,980 (440)
Gain on disposal of fixed assets (2) (11)
Loss on disposition or direct write-down of other real estate and repossessed assets owned (1)
Net gain on sale of loans (543) (458)
Deferred income tax expense (361) 173
Gain on sale of securities (355) (561)
Amortization of Intangible Assets, Total 14
Origination of loans held for sale (38,411) (29,473)
Proceeds from loans held for sale 37,104 29,797
Income from BOLI death benefit (324)
Increase in cash surrender value of life insurance (265) (271)
Change in other assets and other liabilities (167) 483
Net cash flows from operating activities 5,593 6,386
Securities available-for-sale:    
Purchases (36,775) (22,914)
Maturities, calls and principal pay downs 25,909 19,091
Proceeds from sales of available-for-sale securities 18,421 7,670
Securities held-to-maturity:    
Principal pay downs 245 238
Net decrease in certificates of deposit with other financial institutions 2,187 990
Purchase of Federal Home Loan Stock (595) (264)
Net increase in loans (118,463) (49,935)
Acquisition, net of cash received (4,295)
Proceeds from BOLI death benefit 753
Acquisition of premises and equipment (497) (1,671)
Disposal of premises and equipment 45
Proceeds from sale of other real estate and repossessed assets owned 60
Net cash flows from investing activities (113,050) (46,750)
Cash flows from financing activities:    
Net increase in deposit accounts 100,330 42,211
Proceeds from Federal Home Loan Bank advances 22,500 13,000
Repayments of Federal Home Loan Bank advances (14,530) (2,056)
Change in short-term borrowings 909 (9,681)
Dividends paid (1,554) (1,421)
Net cash flows from financing activities 107,655 42,053
Increase in cash and cash equivalents 198 1,689
Cash and cash equivalents, beginning of year 9,461 7,772
Cash and cash equivalents, end of year 9,659 9,461
Supplemental disclosure of cash flow information:    
Interest 3,890 3,092
Federal income taxes 675 820
Non-cash items:    
Transfer from loans to other repossessed assets 7
Transfer from loans held for sale to portfolio 75
Issuance of treasury stock for stock awards 89 59
Right of use assets obtained in exchange for lease liabilities 582
Acquisition of Peoples:    
Consideration paid 10,405
Certificates of deposit in other financial institutions 11,839
Securities, available-for-sale 4,051
Federal bank and other restricted stocks, at cost 154
Loans, net 55,320
Premises and equipment 818
Goodwill 836 0
Core deposit intangible 270
Accrued interest receivable and other assets 140
Total noncash assets acquired 73,428
Deposits 60,851
Federal funds purchased 2,348
Federal Home Loan Bank advances 491
Other liabilities 166
Total liabilities assumed 63,856
Net noncash assets acquired 9,572
Cash acquired $ 833