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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash flows from operating activities:    
Net income $ 8,988 $ 5,527
Adjustments to reconcile net income to net cash flows from operating activities:    
Depreciation 940 1,044
Securities amortization and accretion, net 621 353
Provision for loan losses 850 1,980
(Gain) loss on disposal of fixed assets 26 (2)
Loss on disposition or direct write-down of other real estate and repossessed assets owned (1) (1)
Gain on sale of mortgage loans (753) (543)
Deferred income tax benefit (320) (361)
Gain on sale of securities (14) (355)
Net change in market value of equity securities (24)
Amortization of intangibles 27 14
Origination of loans held for sale (50,694) (38,411)
Proceeds from loans held for sale 53,336 37,104
Income from BOLI death benefit (324)
Increase in cash surrender value of life insurance (260) (265)
Change in other assets and other liabilities 1,291 (167)
Net cash flows from operating activities 14,013 5,593
Securities available-for-sale:    
Purchases (108,168) (36,775)
Maturities, calls and principal pay downs 37,275 25,909
Proceeds from sales of available-for-sale securities 5,545 18,421
Securities held-to-maturity:    
Purchases (4,700)
Principal pay downs 245 245
Purchase of equity security (400)
Net decrease in certificates of deposit with other financial institutions 5,810 2,187
Purchase of Federal Home Loan Stock (595)
Net increase in loans (23,471) (118,463)
Acquisition, net of cash received (4,295)
Proceeds from BOLI death benefit 753
Acquisition of premises and equipment (1,154) (497)
Proceeds from sale of other real estate and repossessed assets owned 17 60
Net cash flows from investing activities (89,001) (113,050)
Cash flows from financing activities:    
Net increase in deposit accounts 93,494 100,330
Proceeds from Federal Home Loan Bank advances 1,300 22,500
Repayments of Federal Home Loan Bank advances (14,411) (14,530)
Change in short-term borrowings 5,260 909
Dividends paid (1,785) (1,554)
Net cash flows from financing activities 83,858 107,655
Increase in cash and cash equivalents 8,870 198
Cash and cash equivalents, beginning of year 9,659 9,461
Cash and cash equivalents, end of year 18,529 9,659
Supplemental disclosure of cash flow information:    
Interest 1,956 3,890
Federal income taxes 2,505 675
Non-cash items:    
Transfer from loans to other repossessed assets 9 7
Transfer from loans held for sale to portfolio 161
Issuance of treasury stock for stock awards 167 89
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 $ 836 836
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