v3.26.1
Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
9 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash flows from operating activities:    
Net income $ 3,181 $ 46
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses 393 1,379
Net amortization of securities 25 273
Depreciation and amortization 757 627
Increase in cash surrender value of bank owned life insurance (355) (351)
Amortization (accretion) of net deferred loan origination costs/fees 100 (41)
Losses on sale of securities available for sale, net 317 0
Gain on marketable equity securities, net 0 (152)
Deferred tax provision 63 0
Net change in:    
Accrued interest receivable (293) 104
Other assets (473) (1,204)
Accrued expenses and other liabilities 549 (110)
Net cash provided by operating activities 4,264 571
Activity in securities available for sale:    
Maturities, calls and prepayments 9,398 14,153
Sales 7,195 0
Purchases (34,122) (17,493)
Activity in securities held to maturity:    
Maturities, calls and prepayments 4,739 12,688
Purchases (6,391) (9,000)
Redemption (purchase) of Federal Home Loan Bank stock 70 (338)
Loan originations, net of principal payments (90,950) (47,262)
Purchase of premises and equipment, net (53) (259)
Net cash used by investing activities (110,114) (47,511)
Cash flows from financing activities:    
Net increase in deposits 104,516 67,689
Net change in short-term Federal Home Loan Bank advances 10,500 (15,470)
Proceeds from long-term Federal Home Loan Bank advances 0 30,000
Repayment of long-term Federal Home Loan Bank advances (10,617) (13,000)
Net increase in mortgagors' escrow accounts 159 224
Net cash provided by financing activities 104,558 69,443
Net change in cash and cash equivalents (1,292) 22,503
Cash and cash equivalents at beginning of year 55,244 44,114
Cash and cash equivalents at end of year 53,952 66,617
Supplemental cash flow information:    
Interest paid on deposits 14,525 14,647
Interest paid on Federal Home Loan Bank advances 4,378 4,847
Income taxes paid, net of (refunds) $ 1,216 $ 232