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Consolidated Statement of Cash Flows (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Cash flows from operating activities:    
Net income $ 1,171 $ 1,207
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 150 100
Changes in fair value of mortgage servicing rights 41 137
Net amortization of securities premiums 80 143
Depreciation and amortization 151 186
Loans originated for sale (7,988) (6,581)
Proceeds from loan sales 7,049 7,088
Gain on sales of loans, net (115) (86)
Net (gain) loss on other real estate owned (44) 4
Increase in cash surrender value of bank-owned life insurance (125) (130)
Deferred tax benefit (2) 0
Employee Stock Ownership Plan expense 178 168
Stock-based compensation 12 11
Tax benefit from Equity Incentive Plan vesting 1 1
Net change in:    
Accrued interest receivable 42 (9)
Other assets (147) (261)
Accrued expenses and other liabilities 450 (1,524)
Net cash provided by operating activities 904 454
Cash flows from investing activities: Activity in available-for-sale securities:    
Maturities and calls 2,263 0
Principal payments 6,670 9,587
Purchases (8,015) (11,104)
Purchase of loans (1,169) (3,464)
Net loan (originations) principal payments 2,367 (27,540)
Proceeds from sales of other real estate owned 336 27
Purchase of Federal Home Loan Bank stock (162) (1,669)
Purchase of premises and equipment (136) (58)
Net cash provided (used) by investing activities 2,154 (34,221)
Cash flows from financing activities:    
Net change in deposits (2,114) 10,871
Net change in short-term borrowings 8,000 10,500
Proceeds from issuance of long-term debt 12,000 28,554
Repayment of long-term debt (12,668) (5,714)
Net change in mortgagors' escrow accounts 17 39
Tax benefit from Equity Incentive Plan vesting 1 1
Issuance of common stock for exercise of stock options 1 163
Repurchase of common stock (2,181) (274)
Payment of dividends on common stock (425) (317)
Net cash provided by financing activities 2,631 43,823
Net increase (decrease) in cash and cash equivalents 5,689 10,056
Cash and cash equivalents at beginning of year 12,667 25,618
Cash and cash equivalents at end of year 18,356 35,674
Supplemental cash flow information:    
Interest paid on deposits 731 801
Interest paid on borrowings 550 456
Income taxes paid 590 1,210
Transfers from loans to other real estate owned $ 142 $ 15