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CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2014
OPERATING ACTIVITIES      
Net income $ 1,325 $ 1,347 $ 920
Adjustments to reconcile net income to cash provided by operating activities:      
Provision for loan losses 56 70 (73)
Net impairment loss recognized in earnings 19
Depreciation 98 91 100
Gain on sale of other real estate owned (5)
Investment securities gains (31)
Amortization of discounts, premiums, and deferred loan fees, net 2,220 756 1,582
Deferred income taxes 3 9 71
Earnings on bank owned life insurance (134) (140) (136)
Decrease (increase) in accrued interest receivable (310) (560) 733
Decrease in accrued interest payable 33 (14) (40)
Increase (decrease) in deferred director compensation payable (107) 6 (13)
Other, net 88 86 101
Net cash provided by operating activities 3,241 1,646 3,264
Available-for-sale:      
Purchase of investment securities (72,318) (54,653)
Proceeds from repayments of investment securities 21,137 14,890 47,200
Proceeds from sales of investment securities 6,354
Held-to-maturity:      
Purchase of investment securities (9,358) (56,249) (12,783)
Purchase of mortgage-backed securities (6,750) (21,184) (98,710)
Proceeds from repayments of investment securities 36,466 41,726 17,182
Proceeds from repayments of mortgage-backed securities 32,191 76,219 23,109
Purchase of bank owned life insurance (2,000)
Purchase of certificates of deposit (100) (100)
Maturities/redemptions of certificates of deposit 100 348
Net (increase) decrease in net loans receivable (18,550) (16,655) 1,874
Purchase of Federal Home Loan Bank Stock (7,039) (12,519) (8,726)
Redemption of Federal Home Loan Bank stock 7,059 12,340 7,968
Acquisition of premises and equipment (11) (106) (101)
Sale of other real estate owned 254
Other (2)
Net cash used for investing activities (10,819) (15,689) (24,987)
FINANCING ACTIVITIES      
Net increase (decrease) in deposits 2,350 (3,038) 1,335
Repayments of Federal Home Loan Bank long-term advances (101,696) (5,000)
Proceeds from Federal Home Loan Bank long-term advances 6,109 99,196
Net (decrease) increase in Federal Home Loan Bank short-term advances 106,197 14,204 (73,086)
Purchase of treasury stock (19) (186) (10)
Increase in unallocated ESOP shares (47) (504) (950)
Release of ESOP shares 52 12
Cash dividends paid (489) (329) (329)
Net cash provided by financing activities 6,348 16,256 21,156
Increase (decrease) in cash and cash equivalents (1,230) 2,213 (567)
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR 3,573 1,360 1,927
CASH AND CASH EQUIVALENTS AT END OF YEAR 2,343 3,573 1,360
Cash paid during the year for:      
Interest 1,398 1,169 1,397
Taxes 808 668 453
Non-cash items:      
Bonds received from issuer exchange offer 1,002
Mortgage loans transferred to other real estate owned 246
Educational Improvement Tax Credits 33 47
Unfunded security commitments 1,969
Capitalization of interest on loan to ESOP $ 3 $ 32