v3.25.2
Consolidated Statements of Cash Flows - USD ($)
 12 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities    
Net Income (Loss) $ (265,000) $ 33,000
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Provision for (reversal of) credit losses 46,000 (322,000)
Amortization of securities, net 170,000 327,000
Net change in deferred loan costs and fees (26,000) 36,000
Increase in cash surrender value of bank-owned life insurance (286,000) (268,000)
Deferred income tax expense (46,000) (80,000)
Depreciation and amortization, net 223,000 238,000
ESOP expense 81,000 69,000
Stock-based compensation 358,000 358,000
Net increase in accrued interest receivable (53,000) (35,000)
Other, net 263,000 48,000
Net cash provided by operating activities 465,000 404,000
Activity in securities available for sale:    
Maturities, prepayments and calls 24,000 37,000
Activity in securities held to maturity:    
Maturities, prepayments and calls 16,760,000 17,132,000
Purchases (15,743,000) (16,700,000)
Purchases of Federal Home Loan Bank of Boston stock 0 (323,000)
Loan originations and payments, net (6,744,000) 5,628,000
Additions to premises and equipment (4,000) (71,000)
Net cash (used in) provided by investing activities (5,707,000) 5,703,000
Cash flows from financing activities:    
Net increase in deposits 3,334,000 7,465,000
Treasury stock purchased (495,000) (78,000)
Net change in short-term borrowings 0 (3,675,000)
Net change in long-term borrowings 0 10,350,000
Net change in mortgagors' escrow accounts 109,000 (71,000)
Net cash provided by financing activities 2,948,000 13,991,000
Net change in cash and cash equivalents (2,294,000) 20,098,000
Cash and cash equivalents at beginning of period 26,959,000 6,861,000
Cash and cash equivalents at end of period 24,665,000 26,959,000
Supplemental information:    
Interest paid on deposits and short term borrowings 6,145,000 4,898,000
Income taxes paid 43,000 85,000
Adoption of ASU 2016-13 $ 0 $ 223,000