XML 28 R8.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities:    
Net income $ 7,351 $ 8,592
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 3,155 3,188
(Recovery of) provision for credit losses (63) 374
(Recovery of) provision for credit losses   374
Net unrealized gain on other equity investments (540)  
Stock-based compensation 240 1,185
(Benefit) provision for deferred income taxes (58) 1,231
(Decrease) increase in accounts payable, accrued interest and other liabilities (2,399) 121
(Increase) decrease in prepaid expenses and other assets (2,001) 1,634
Net cash provided by operating activities 5,685 16,325
Cash flows from investing activities:    
Decrease (increase) in loans held for investment, net 22,604 (138,970)
Maturity of investment securities - held to maturity   400
Principal payments from investment securities - held to maturity 23,754 30,217
Principal payments from investment securities - available for sale 356 464
Purchase of FHLB - San Francisco stock (63) (1,266)
Purchase of premises and equipment (1,589) (741)
Net cash provided by (used for) investing activities 45,062 (109,896)
Cash flows from financing activities:    
Decrease in deposits, net (62,223) (4,933)
Proceeds from long-term borrowings 85,500 65,000
Repayments of long-term borrowings (30,009) (30,000)
(Repayment of) proceeds from short-term borrowings, net (52,000) 115,009
Treasury stock purchases (2,601) (4,648)
Withholding taxes on stock-based compensation   (424)
Cash dividends (3,887) (3,998)
Net cash (used for) provided by financing activities (65,220) 136,006
Net (decrease) increase in cash and cash equivalents (14,473) 42,435
Cash and cash equivalents at beginning of year 65,849 23,414
Cash and cash equivalents at end of year 51,376 65,849
Supplemental information:    
Cash paid for interest 19,762 7,480
Cash paid for income taxes $ 3,090 $ 2,725