XML 33 R8.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Cash flows from operating activities:    
Net Income $ 1,754 $ 1,764
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation 174 194
Deferred income tax expense 651 455
Net amortization of premiums and discounts 495 324
Net amortization of deferred loan costs and fees 81 61
Provision for loan losses 313 444
Gain on sale of foreclosed real estate (3) (36)
Excess tax benefit from share-based payment arrangements (4) 0
Net increase in accrued income taxes 20 248
Net increase in accrued interest receivable (207) (148)
Net (increase) decrease in prepaids and other assets (25) 82
Net decrease in other liabilities (282) (1,653)
Net cash provided by operating activities 2,967 1,735
Securities available for sale:    
Securities available-for-sale: Proceeds from maturities 0 1,210
Purchases of securities 0 (1,080)
Securities available-for-sale: Principal payments on securities 2,395 5,607
Securities held to maturity:    
Proceeds from maturities 6,934 6,366
Purchases of securities (7,147) (2,448)
Principal payments on securities 2,602 3,373
Net redemption of Federal Home Loan Bank Stock 275 630
Net increase in loans receivable (15,106) (9,766)
Proceeds from sale of foreclosed real estate 103 96
Purchases of premises and equipment (70) (45)
Net cash (used by) provided by investing activities (10,014) 3,943
Cash flows from financing activities:    
Net decrease in short-term FHLB advances (7,100) (14,000)
Proceeds from long-term FHLB advances 1,000 0
Payment of cash dividends (332) (732)
Proceeds from issuance of stock options 41 25
Excess tax benefit from share-based payment arrangements 4 0
Net increase in deposits 22,043 24,206
Net cash provided by financing activities 15,656 9,499
Net increase in cash and cash equivalents 8,609 15,177
Cash and cash equivalents at beginning of period 6,222 7,742
Cash and cash equivalents at end of period 14,831 22,919
Cash paid during the period:    
Interest 581 735
Income taxes $ 48 $ 87