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Consolidated Statements of Cash Flows - USD ($)
9 Months Ended
Mar. 31, 2020
Mar. 31, 2019
OPERATING ACTIVITIES    
Net income $ 6,399,000 $ 6,639,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 2,755,000 71,000
Depreciation and amortization 943,000 877,000
Amortization of net premiums on securities and net deferred loan origination costs 1,242,000 1,055,000
Net increase in accrued interest receivable (587,000) (679,000)
Net gains on sales of foreclosed real estate (87,000) (24,000)
Net gains on sales of securities [1] (38,000) (55,000)
Gains on sales of bank premises [1]   (156,000)
Write-downs on foreclosed real estate   21,000
Stock-based compensation 2,487,000 1,311,000
ESOP compensation 1,415,000 1,434,000
Earnings from cash surrender value of BOLI (399,000) (410,000)
Net accretion of purchase accounting adjustments (437,000) (276,000)
Other adjustments, principally net changes in other assets and liabilities 806,000 (535,000)
Net cash provided by operating activities 14,499,000 9,273,000
Purchases of investment securities:    
Held to maturity (13,189,000) (49,220,000)
Sales of investment securities available for sale 4,245,000 2,069,000
Maturities, calls and amortization of investment securities:    
Held to maturity 99,572,000 47,968,000
Available for sale 22,148,000 18,314,000
Loan principal disbursements, net (86,045,000) (20,789,000)
Purchase of loans (44,579,000) (13,398,000)
Net redemption (purchase) of FHLB stock 229,000 (334,000)
Purchase of bank premises and equipment, net of sales (563,000) (535,000)
Purchase of BOLI (200,000)  
Proceeds from sales of foreclosed real estate 1,578,000 487,000
Net cash used in investing activities (16,804,000) (15,438,000)
FINANCING ACTIVITIES    
Net increase in deposits 53,765,000 44,672,000
Net decrease in short-term FHLB advances (50,000,000)  
Proceeds from long-term FHLB advances 50,000,000 12,500,000
Repayment of long-term FHLB advances (5,095,000) (5,093,000)
Net decrease in mortgage escrow funds (1,431,000) (1,128,000)
Common stock dividends paid (1,942,000) (1,521,000)
Repurchase of shares from employees for income tax withholding purposes (320,000)  
Repurchase of common stock (17,789,000) (18,305,000)
Net cash provided by financing activities 27,188,000 31,125,000
Net increase in cash and cash equivalents 24,883,000 24,960,000
Cash and cash equivalents at beginning of period 60,029,000 62,145,000
Cash and cash equivalents at end of period 84,912,000 87,105,000
Cash paid for:    
Interest 11,822,000 7,491,000
Income taxes (net of refunds) 2,069,000 1,718,000
Loans transferred to foreclosed real estate and other assets 333,000 $ 677,000
ASU 2016-13 [Member]    
Cash paid for:    
Establishment of right to use lease asset (ASU 2016-13) $ 12,687,000  
[1] Not within the scope of ASC 606