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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash Flows from Operating Activities    
Net income (loss) $ 5,136,000 $ (10,860,000)
Adjustments to reconcile net income to net cash provided by operating activities by operating activities:    
Provision for credit losses 133,000 4,066,000
Depreciation 910,000 799,000
Deferred income tax benefit (298,000) (1,395,000)
Accretion of acquisition fair value adjustments, net (4,257,000) (5,468,000)
Amortization of core deposit intangible asset 1,433,000 1,340,000
Net amortization of premiums and discounts on securities 731,000 280,000
Net amortization of deferred loan fees, costs and discounts 269,000 364,000
Amortization of right to use asset 0 35,000
Income from cash surrender value of bank owned life insurance (1,043,000) (907,000)
Stock-based compensation expense 1,106,000 515,000
Unrealized gain on equity securities (13,000) (1,000)
Loss on sale of investments, net 0 4,463,000
Gain on sale of loans held for sale (51,000) (55,000)
Proceeds from sales of loans held for sale 575,000 4,486,000
Originations of loans held for sale (524,000) (4,431,000)
Gain on sale of premises and equipment 0 (13,000)
Noncash expense of common shares contributed to Somerset Regal Bank Charitable Foundation 0 4,528,000
(Increase) decrease in:    
Accrued interest receivable (555,000) (292,000)
Other assets 2,316,000 2,410,000
Decrease in other liabilities (1,203,000) (1,603,000)
Net cash provided by (used in) operating activities 4,665,000 (1,739,000)
Cash Flows from Investing Activities    
Proceeds from sales, maturities, and principal repayments of securities available-for-sale 0 7,692,000
Proceeds from maturities, calls and principal repayments of securities held-to-maturity 14,001,000 15,180,000
Proceeds from sale of securities available-for-sale 0 41,315,000
Proceeds from sale of time deposits in other financial institutions 0 8,798,000
Net increase in loans receivable (61,324,000) (45,945,000)
Purchase of premises and equipment (433,000) (1,102,000)
Proceeds from sale of premises and equipment 0 13,000
Purchase of restricted equity securities (2,727,000) 43,000
Cash paid for acquistion 0 (69,538,000)
Cash received from acquisition 0 55,294,000
Net cash provided by (used in) investing activities (50,483,000) 11,750,000
Cash Flows from Financing Activities    
Net increase (decrease) in interest bearing deposits 32,712,000 (51,011,000)
Net increase (decrease) in non-interest bearing deposits 6,081,000 (18,752,000)
Net increase in advance payments by borrowers for taxes and insurance 663,000 3,760,000
Net increase in short-term borrowings 30,000,000  
Repayment of short-term borrowings 0 (20,000,000)
Dividends Paid (444,000)  
Cash proceeds from issuance of common stock 0 79,452,000
Repurchase of common stock (11,324,000)  
Net cash provided by (used in) financing activities 57,688,000 (6,551,000)
Net increase (decrease) in cash and cash equivalents 11,870,000 3,460,000
Cash and Cash Equivalents, Beginning of Period 45,909,000 42,449,000
Cash and Cash Equivalents, End of Period 57,779,000 45,909,000
Supplementary Cash Flow Information    
Interest paid 15,474,000 9,582,000
Income Taxes Paid 0 475,000
Acquisition:    
Fair Value of Assets Acquired 0 372,551,000
Goodwill Recorded at Merger 0 20,417,000
Fair value of liabilities assumed 0 378,724,000
Fair values of 452,758 common shares contributed to Somerset Regal Bank Charitable Foundation $ 0 $ 4,528,000