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CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2015
OPERATING ACTIVITIES      
Net income $ 1,637 $ 1,325 $ 1,347
Adjustments to reconcile net income to net cash provided by operating activities:      
Provisionfor loan losses 58 56 70
Depreciation 97 98 91
Gain on sale of other real estate owned (5)
Investment securities gains (31)
Amortization of discounts, premiums, and deferred loan fees, net 1,803 2,220 756
Amortization of unallocated ESOP shares 221 52 12
Trading losses 31
Purchases of trading securities (961)
Sale of trading securities 960
Deferred income taxes (58) 3 9
Earnings on bank owned life insurance (131) (134) (140)
Decrease (increase) in accrued interest receivable 302 (310) (560)
Increase (decrease) in accrued interest payable 58 33 (14)
Increase (decrease) in deferred director compensation payable 29 (107) 6
Increase in cash items in process of collection (1,230)
Other, net 83 88 76
Net cash provided by operating activities 2,898 3,293 1,648
Available for sale:      
Purchase of investment securities (99,794) (72,318) (54,653)
Proceeds from repayments of investment securities 97,203 21,137 14,890
Proceeds from sales of investment securities 6,354
Held to maturity:      
Purchase of investment securities (9,358) (56,249)
Purchase of mortgage-backed securities (21,954) (6,750) (21,184)
Proceeds from repayments of investment securities 833 36,466 41,726
Proceeds from repayments of mortgage-backed securities 30,207 32,191 76,219
Purchase of certificates of deposit (10,138) (100) (100)
Maturities/redemptions of certificates of deposit 100 100 348
Net increase in net loans receivable (12,792) (18,550) (16,655)
Purchase of Federal Home Loan Bank Stock (7,200) (7,039) (12,519)
Redemption of Federal Home Loan Bank stock 6,737 7,059 12,340
Acquisition of premises and equipment (9) (11) (106)
Sale of other real estate owned 254
Other (2)
Net cash used for investing activities (16,807) (10,819) (15,691)
FINANCING ACTIVITIES      
Net increase (decrease) in deposits 4,011 2,350 (3,038)
Repayments of Federal Home Loan Bank long-term advances (101,696)
Proceeds from Federal Home Loan Bank long-term advances 6,109
Net increase in Federal Home Loan Bank short-term advances 11,772 106,197 14,204
Purchase of treasury stock (359) (19) (186)
Increase in unallocated ESOP shares (1,104) (47) (504)
Cash dividends paid (482) (489) (329)
Net cash provided by financing activities 13,838 6,296 16,256
Increase (decrease) in cash and cash equivalents (71) (1,230) 2,213
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR 2,343 3,573 1,360
CASH AND CASH EQUIVALENTS AT END OF YEAR 2,272 2,343 3,573
Cash paid during the year for:      
Interest 1,796 1,398 1,169
Taxes 884 808 668
Non-cash items:      
Bonds received from issuer exchange offer 1,002
Mortgage loans transferred to other real estate owned 246
Educational Improvement Tax Credits 80 33
Unfunded security commitments 1,969
Capitalization of interest on loan to ESOP $ 5 $ 3 $ 32