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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities:    
Net income $ 11,192 $ 8,988
Adjustments to reconcile net income to net cash flows from operating activities:    
Depreciation 991 940
Securities amortization and accretion, net 1,449 621
Provision for loan losses 735 850
Loss on disposal of fixed assets 6 26
(Gain) loss on disposition of other real estate and repossessed assets owned 5 (1)
Mortgage banking activity (632) (753)
Deferred income tax expense (benefit) 146 (320)
Gain on sale of securities (6) (14)
Net change in market value of equity securities 24 (24)
Amortization of intangibles 54 27
Origination of loans held for sale (45,758) (50,694)
Proceeds from loans held for sale 46,682 53,336
Increase in cash surrender value of life insurance (257) (260)
Change in other assets and other liabilities 316 1,291
Net cash flows from operating activities 14,947 14,013
Securities available-for-sale:    
Purchases (141,210) (108,168)
Maturities, calls and principal pay downs 31,584 37,275
Proceeds from sales of available-for-sale securities 2,722 5,545
Securities held-to-maturity:    
Purchases (3,450) (4,700)
Principal pay downs 3,572 245
Purchase of equity security 0 (400)
Net decrease in certificates of deposit with other financial institutions 2,044 5,810
Purchase of Federal Reserve Bank stock, at cost (53) 0
Net increase in loans (25,602) (23,471)
Acquisition, net of cash received 66,552 0
Acquisition of premises and equipment (1,477) (1,154)
Disposal of premises and equipment 18 0
Proceeds from sale of other real estate and repossessed assets owned 78 17
Net cash flows from investing activities (65,222) (89,001)
Cash flows from financing activities:    
Net increase in deposit accounts 55,175 93,494
Proceeds from Federal Home Loan Bank advances 0 1,300
Repayments of Federal Home Loan Bank advances (9,794) (14,411)
Change in short-term borrowings 9,092 5,260
Proceeds from dividend reinvestment and stock purchase plan 174 0
Dividends paid (1,949) (1,785)
Net cash flows from financing activities 52,698 83,858
Increase in cash and cash equivalents 2,423 8,870
Cash and cash equivalents, beginning of year 18,529 9,659
Cash and cash equivalents, end of year 20,952 18,529
Supplemental disclosure of cash flow information:    
Interest 1,416 1,956
Federal income taxes 1,850 2,505
Non-cash items:    
Transfer from loans to other repossessed assets 83 9
Transfer from loans held for sale to portfolio 0 161
Issuance of treasury stock for stock awards 309 167
Branch acquisition:    
Goodwill 2,452 $ 836
Net noncash liabilities assumed (66,552)  
CFBank Branches [Member]    
Branch acquisition:    
Securities, available-for-sale 15,602  
Loans 19,943  
Premises and equipment 413  
Goodwill 1,616  
Core deposit intangible 295  
Accrued interest receivable and other assets 216  
Total noncash assets acquired 38,085  
Deposits 104,538  
Other liabilities 99  
Total liabilities assumed $ 104,637