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Consolidated Statements of Changes of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Cash flows from operating activities:    
Net loss $ (168) $ (87)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Reversal of credit losses (150) (270)
Amortization of securities, net 108 187
Net change in deferred loan costs and fees (11) 44
Increase in cash surrender value of bank-owned life insurance (139) (134)
Depreciation and amortization, net 118 117
Deferred income tax expense 52 0
ESOP expense 34 35
Stock-based compensation 180 179
Net change in accrued interest receivable 43 (104)
Other, net 100 (31)
Net cash provided by (used in) operating activities 167 (64)
Activity in securities available for sale:    
Maturities, prepayments and calls 11 17
Activity in securities held to maturity:    
Maturities, prepayments and calls 8,284 7,248
Purchases (9,284) (8,784)
Purchases of Federal Home Loan Bank of Boston stock 0 (569)
Loan originations and payments, net 3,444 2,249
Purchase of Participation Loans 0 (1,250)
Additions to premises and equipment (2) (21)
Net cash provided by (used in) investing activities 2,453 (1,110)
Cash flows from financing activities:    
Net decrease in deposits (483) (5,436)
Treasury stock purchased (426) 0
Net increase in short-term borrowings 0 5,075
Net increase in long-term borrowings 0 10,350
Net increase in mortgagors' escrow accounts 159 48
Net cash (used in) provided by financing activities (750) 10,037
Net change in cash and cash equivalents 1,870 8,863
Cash and cash equivalents at beginning of period 26,959 6,861
Cash and cash equivalents at end of period 28,829 15,724
Supplemental information:    
Interest paid on deposits and long-term borrowings 3,182 2,054
Income taxes paid 30 85
Adoption of ASU 2016-13 $ 0 $ 223