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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
3 Months Ended 9 Months Ended 12 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Mar. 31, 2021
Mar. 31, 2020
Jun. 30, 2020
CASH FLOWS FROM OPERATING ACTIVITIES          
Net income     $ 5,555,130 $ 998,763  
Adjustments to reconcile net income to net cash flows provided by (used in) operating activities          
Provision for loan losses $ 50,000 $ 85,000 100,000 85,000 $ 135,000
Depreciation     416,594 417,179  
Amortization and accretion     13,488 48,811  
Origination of mortgage loans held for sale     (416,520,751) (206,421,764)  
Proceeds from sales of mortgage loans held for sale     431,306,320 206,338,585  
Gain on sale of mortgage loans held for sale (3,510,375) (837,130) (10,132,880) (3,024,852)  
Loss (gain) on sale of other real estate owned, net 0 (3,163) 11,573 (112,871)  
(Gain) loss on sale or disposal of assets, net     (7,510) 1,650  
Changes in assets and liabilities:          
Accrued interest receivable and other assets     (254,341) (478,116)  
Accrued interest payable and other liabilities     (3,475,727) 141,568  
Net cash flows provided by (used in) operating activities     7,011,896 (2,006,047)  
CASH FLOWS FROM INVESTING ACTIVITIES          
Proceeds from maturities or calls of securities available for sale     2,199,302 1,055,442  
Purchase of securities available for sale     (4,815,000) (2,674,432)  
Change in loans     10,852,634 14,341,560  
Change from redemption of FHLB stock     314,300 823,500  
Change in interest bearing deposits in banks     2,201,358 3,216,864  
Proceeds from sale of other real estate owned     1,737,762 1,128,832  
Charge-offs and (capital expenditures) on other real estate owned     152,765 (36,852)  
Proceeds from sale of premises and equipment     26,400 8,000  
Purchase of premises and equipment, net     (495,078) (264,583)  
Net cash flows provided by investing activities     12,174,443 17,598,331  
CASH FLOWS FROM FINANCING ACTIVITIES          
Net increase in deposits     1,071,283 5,241,580  
FHLB advance proceeds     45,500,000 1,049,550,000  
FHLB advance repayments     (50,500,000) (1,069,250,000)  
Change in advance payments by borrowers for property taxes and insurance     (642,285) (1,680,741)  
Net cash flows used in financing activities     (4,571,002) (16,139,161)  
Net Change in Cash and Cash Equivalents     14,615,337 (546,877)  
CASH AND CASH EQUIVALENTS - BEGINNING OF YEAR     13,106,041 5,630,770 5,630,770
CASH AND CASH EQUIVALENTS - END OF PERIOD $ 27,721,378 $ 5,083,893 27,721,378 5,083,893 $ 13,106,041
SUPPLEMENTAL CASH FLOW DISCLOSURES          
Cash paid for interest     920,440 1,361,970  
Loans transferred to other real estate owned     $ 31,619 $ 200,856