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CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Dec. 31, 2016
Dec. 31, 2015
OPERATING ACTIVITIES    
Net income $ 793 $ 604
Adjustments to reconcile net income to cash provided by operating activities:    
Provision for loan losses 35 47
Depreciation 49 49
Gain on sale of investment securities (21)
Amortization of discounts, premiums and deferred loan costs 1,105 1,048
Trading losses 41
Purchase of trading securities (961)
Deferred income taxes (36) (39)
Increase (decrease) in prepaid/accrued income taxes (35) 15
Earnings on bank owned life insurance (66) (67)
(Increase) decrease in accrued interest receivable 194 (235)
Increase (decrease) in accrued interest payable (23) 12
Increase in deferred director compensation payable 17 14
Other, net 84 137
Net cash provided by operating activities 1,197 1,564
Available-for-sale:    
Purchase of investment securities (42,256) (37,399)
Proceeds from repayments of investments 42,029 9,714
Sale of investment securities 1,024
Held-to-maturity:    
Purchases of investment securities (9,358)
Purchases of mortgage-backed securities (7,984) (6,750)
Proceeds from repayments of investments 833 34,966
Proceeds from repayments of mortgage-backed securities 22,218 17,473
Purchase of certificates of deposit (10,137) (100)
Maturities/redemptions of certificates of deposit 100 100
Increase in net loans receivable (9,472) (11,667)
Purchase of FHLB stock (4,007) (3,167)
Redemption of FHLB stock 3,828 3,315
Acquisition of premises and equipment (3) (7)
Net cash used for investing activities (4,849) (1,856)
FINANCING ACTIVITIES    
Net increase in transaction and savings accounts 2,503 4,243
Net decrease in certificates of deposit (316) (1,768)
Net increase in advance payments by borrowers for taxes and insurance (31) 53
Proceeds from FHLB long-term advances - variable rate
Net increase (decrease) in FHLB short-term advances 2,046 (2,697)
Purchase of treasury stock (359) (19)
Release of ESOP shares 13 25
Cash dividends paid (161) (244)
Net cash provided by (used for) financing activities 3,695 (407)
Increase (decrease) in cash and cash equivalents 43 (699)
CASH AND CASH EQUIVALENTS AT BEGINNING OF THE PERIOD 2,343 3,573
CASH AND CASH EQUIVALENTS AT END OF THE PERIOD 2,386 2,874
Cash paid during the period for:    
Interest on deposits and borrowings 792 619
Income taxes 376 367
Non-cash items:    
Unsettled security purchases 549
Bonds received from issuer exchange offer 1,002
Educational Improvement Tax Credit $ 49