XML 19 R9.htm IDEA: XBRL DOCUMENT v3.22.1
Consolidated Statements of Changes of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities    
Net income (loss) $ (122) $ 996
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 26 45
Gain on sales of securities available for sale, net (48) 0
Depreciation and amortization, net 627 516
Contribution of stock to charitable foundation 1,304
ESOP expense 20 0
Net change in:    
Cash surrender value of bank-owned life insurance (183) (181)
Accrued interest receivable (65) 91
Other, net (432) (176)
Net cash (used in) provided by operating activities 1,127 1,291
Activity in securities available for sale:    
Maturities, prepayments and calls 62 78
Purchases 0 (1,982)
Sales 2,031 0
Activity in securities held to maturity:    
Maturities, prepayments and calls 16,923 20,030
Purchases (46,962) (22,212)
Loan originations and payments, net 1,649 14,419
Additions to premises and equipment (44) (61)
Purchase of bank-owned life insurance (635) 0
Redemption of Federal Home Loan Bank Stock 0 101
Net cash (used in) provided by investing activities (26,976) 10,372
Cash flows from financing activities:    
Net increase in deposits (654) 6,871
Net decrease in short-term borrowings (803) (2,203)
Proceeds from sale of common stock, net 26,481 0
Common stock purchased by ESOP (2,556) 0
Net decrease in mortgagors' escrow accounts (32) (41)
Net cash provided by financing activities 22,436 4,627
Net change in cash and cash equivalents (3,413) 16,290
Cash and cash equivalents at beginning of year 40,678 38,344
Cash and cash equivalents at end of year 37,265 54,634
Supplemental information:    
Interest paid on deposits, short term borrowings and long-term debt 783 1,778
Income taxes paid $ 196 $ 146