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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash flows from operating activities:    
Net income $ 10,674 $ 11,192
Adjustments to reconcile net income to net cash flows from operating activities:    
Depreciation 1,051 991
Securities amortization and accretion, net 818 1,449
Provision for loan losses 855 735
Loss on disposal of fixed assets 0 6
Loss on disposition of other real estate and repossessed assets owned 0 5
Mortgage banking activity (345) (632)
Deferred income tax (benefit) expense (96) 146
Gain on sale of securities (14) (6)
Net change in market value of equity securities 14 24
Amortization of intangibles 56 54
Origination of loans held for sale (20,762) (45,758)
Proceeds from loans held for sale 21,508 46,682
Increase in cash surrender value of life insurance (263) (257)
Change in other assets and other liabilities (180) 316
Net cash flows from operating activities 13,316 14,947
Securities available-for-sale:    
Purchases (31,799) (141,210)
Maturities, calls and principal pay downs 21,322 31,584
Proceeds from sales of available-for-sale securities 16,472 2,722
Securities held-to-maturity:    
Purchases 0 (3,450)
Principal pay downs 904 3,572
Net decrease in certificates of deposit with other financial institutions 1,280 2,044
Purchase of Federal Reserve Bank stock, at cost 357 (53)
Net increase in loans (98,945) (25,602)
Acquisition, net of cash received 0 66,552
Acquisition of premises and equipment (1,821) (1,477)
Disposal of premises and equipment 0 18
Proceeds from sale of other real estate and repossessed assets owned 11 78
Net cash flows from investing activities (92,219) (65,222)
Cash flows from financing activities:    
Net increase in deposit accounts 65,971 55,175
Proceeds from Federal Home Loan Bank advances 17,000 0
Repayments of Federal Home Loan Bank advances (16,480) (9,794)
Change in short-term borrowings 5,072 9,092
Proceeds from dividend reinvestment and stock purchase plan 238 174
Dividends paid (2,095) (1,949)
Net cash flows from financing activities 69,706 52,698
(Decrease) increase in cash and cash equivalents (9,197) 2,423
Cash and cash equivalents, beginning of year 20,952 18,529
Cash and cash equivalents, end of year 11,755 20,952
Supplemental disclosure of cash flow information:    
Interest 6,929 1,416
Federal income taxes 2,495 1,850
Non-cash items:    
Transfer from loans to other repossessed assets 11 83
Transfer from loans to other real estate owned 124 0
Issuance of treasury stock for stock awards 393 309
Branch acquisition:    
Goodwill 2,452 2,452
Net noncash liabilities assumed 0 (66,552)
CFBank Branches [Member]    
Branch acquisition:    
Securities, available-for-sale 0 15,602
Loans 0 19,943
Premises and equipment 0 413
Goodwill 0 1,616
Core deposit intangible 0 295
Accrued interest receivable and other assets 0 216
Total noncash assets acquired 0 38,085
Deposits 0 104,538
Other liabilities 0 99
Total liabilities assumed $ 0 $ 104,637