Holding Company Condensed Financial Information Holding Company Condensed Financial Information

12 Months Ended

Jun. 30, 2013

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Holding Company Condensed Financial Information

Holding Company Condensed Financial Information

This information should be read in conjunction with the other notes to the consolidated financial statements. The following is the condensed statements of financial condition for Provident Financial Holdings (Holding Company only) as of June 30, 2013 and 2012 and condensed statements of operations, comprehensive income and cash flows for the years ended June 30, 2013, 2012 and 2011.

Condensed Statements of Financial Condition

	June 30,
(In Thousands)	2013		2012
Assets
Cash and cash equivalents	$	532	$	1,968
Investment in subsidiary	159,622		142,758
Other assets	59		89
	$	160,213	$	144,815
Liabilities and Stockholders’ Equity
Other liabilities	$	239	$	38
Stockholders’ equity	159,974		144,777
	$	160,213	$	144,815

Condensed Statements of Operations

	Year Ended June 30,
(In Thousands)	2013			2012			2011
Interest and other income	$	9		$	13		$	29
General and administrative expenses	791			750			799
Loss before equity in net earnings of the subsidiary	(782		)	(737		)	(770		)
Equity in net earnings of the subsidiary	26,250			11,237			13,666
Income before income tax benefit	25,468			10,500			12,896
Income tax benefit	(329		)	(310		)	(324		)
Net income	$	25,797		$	10,810		$	13,220

Condensed Statements of Comprehensive Income

	Year Ended June 30,
(In Thousands)	2013		2012		2011
Net income	$	25,797	$	10,810	$	13,220
Other comprehensive income	—		—		—
Total comprehensive income	$	25,797	$	10,810	$	13,220

Condensed Statements of Cash Flows

	Year Ended June 30,
(In Thousands)	2013			2012			2011
Cash flows from operating activities:
Net income	$	25,797		$	10,810		$	13,220
Adjustments to reconcile net income to net cash used for operating activities:
Equity in net earnings of the subsidiary	(26,250		)	(11,237		)	(13,666		)
Decrease (increase) in other assets	20			(49		)	311
(Decrease) increase  in other liabilities	201			(6		)	7
Net cash used for operating activities	(232		)	(482		)	(128		)
Cash flow from investing activities:
Cash dividend received from the Bank	10,000			8,000			—
Net cash provided by investing activities	10,000			8,000			—
Cash flow from financing activities:
ESOP loan payment	—			—			2
Exercise of stock options	296			72			—
Treasury stock purchases	(8,959		)	(6,693		)	—
Cash dividends	(2,541		)	(1,572		)	(456		)
Net cash used for financing activities	(11,204		)	(8,193		)	(454		)
Net decrease in cash and cash equivalents	(1,436		)	(675		)	(582		)
Cash and cash equivalents at beginning of year	1,968			2,643			3,225
Cash and cash equivalents at end of year	$	532		$	1,968		$	2,643