v3.26.3
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Jun. 30, 2026
Cash flows from operating activities      
Net income $ 1,911 $ 1,599  
Gain on sale of loans (138) (146)  
Loss on sale of investments 52 0  
Net amortization and accretion on securities (131) (81)  
Amortization of deferred loan fees (21) (13)  
Amortization of purchased loans (30) (66)  
Provision for credit losses 275 43 $ 594
Depreciation of premises and equipment 241 266  
Gain on sale of fixed assets (46) 0  
Gain on sale of other real estate owned (204) 0  
ESOP compensation expense 67 40  
Stock option expense 26 23  
Deferred income tax benefit (93) 14  
Share awards expense 32 0  
Increase in cash surrender value on bank owned life insurance (28) (28)  
Amortization of core deposit intangible 50 67  
Write-down of other real estate owned 100 0  
Changes in assets and liabilities:      
Loans held-for-sale – originations and purchases (6,075) (6,399)  
Loans held-for-sale – sale and principal repayments 6,785 6,769  
Accrued interest receivable (14) (18)  
Other operating assets 118 96  
Other operating liabilities 453 610  
Net cash from operating activities 3,330 2,776  
Cash flows from investing activities      
Loan originations and purchases, net (10,172) (4,117)  
Deferred loan fees collected 24 2  
Acquisition of premises and equipment (99) (8)  
Proceeds from sale of premises and equipment 57 0  
Proceeds from sale of other real estate owned 1,287 996  
Improvements to other real estate owned prior to disposition 0 (10)  
Changes in FHLB stock (157) (4)  
Activity in available-for-sale securities:      
Maturities, prepayments and calls 1,881 1,891  
Purchases (6,934) (4,386)  
Sales 1,653 0  
Activity in held-to-maturity securities:      
Maturities, prepayments and calls 1,370 1,534  
Net cash from investing activities (11,090) (4,102)  
Cash flows from financing activities      
Net increase (decrease) in deposits (2,369) 10,898  
Advances from Federal Home Loan Bank 14,000 0  
Dividends paid (457) (415)  
Company stock purchased (346) (279)  
Net increase in advances from borrowers for taxes and insurance 152 244  
Proceeds from stock options exercised 36 23  
Net cash from financing activities 11,016 10,471  
Net increase in cash and cash equivalents 3,256 9,145  
Cash and cash equivalents - beginning of period 34,304 17,347 17,347
Cash and cash equivalents - end of period 37,560 26,492 $ 34,304
Supplemental cash flow information      
Interest paid on deposits and borrowed funds 2,712 2,694  
Income taxes paid 0 140  
Transfer from loans to other real estate owned $ 1,083 $ 799