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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Jun. 30, 2019
Jun. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (399,339) $ (602,312)
Adjustments to reconcile net loss to net cash flows from operating activities    
Provision for loan losses 0 425,000
Depreciation 555,421 385,352
Amortization and accretion 83,120 34,146
Origination of mortgage loans held for sale (105,923,418) (81,064,414)
Proceeds from sales of mortgage loans held for sale 106,782,850 79,692,438
Gain on sale of mortgage loans held for sale (1,522,595) (982,318)
(Gain) loss on sale of other real estate owned, net 23,265 (145,439)
Charge offs of other real estate owned 48,110 380,130
Deferred income tax (benefit) expense (334,198) 4,206,721
Income tax valuation allowance 364,787 (4,267,899)
Changes in assets and liabilities:    
Accrued interest receivable and other assets (520,181) 614,835
Accrued interest payable and other liabilities 304,219 35,391
Net cash flows from operating activities (537,959) (1,288,369)
CASH FLOWS FROM INVESTING ACTIVITIES    
Proceeds from maturities or calls of securities available for sale 1,791,443 1,136,730
Purchase of securities available for sale (875,000) (1,881,732)
Change in loans 3,706,548 (2,700,686)
Changes from redemption (purchase) of FHLB stock 9,000 (929,500)
Change in interest bearing deposits in banks (3,516,556) (65,659)
Changes from sale on other real estate owned 333,387 591,299
Capital expenditures on other real estate owned (109,181) (62,160)
Purchase of premises and equipment, net (468,269) (309,777)
Net cash flows from investing activities 871,372 (4,221,485)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net decrease in deposits (9,902,021) (16,047,633)
FHLB advance proceeds 1,026,380,000 392,850,000
FHLB advance repayments (1,028,180,000) (369,550,000)
Change in advance payments by borrowers for property taxes and insurance (480,339) (1,226,430)
Net proceeds from issuance of common stock 11,345,571 0
Net cash flows from financing activities (836,789) 6,025,937
Net Change in Cash and Cash Equivalents (503,376) 516,083
CASH AND CASH EQUIVALENTS - BEGINNING OF PERIOD 6,134,146 5,618,063
CASH AND CASH EQUIVALENTS - END OF PERIOD 5,630,770 6,134,146
SUPPLEMENTAL CASH FLOW DISCLOSURES    
Cash paid for interest 1,536,928 859,242
Loans transferred to other real estate owned $ 418,849 $ 349,982