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Provident Financial Holdings, Inc. Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2011
Cash flows from operating activities:      
Net income $ 25,797 $ 10,810 $ 13,220
Adjustments to reconcile net income to net cash provided by (used for) operating activities:      
Depreciation and amortization 1,746 1,357 1,417
(Recovery) provision for loan losses (1,499) 5,777 5,465
Recovery of losses on real estate owned (98) (1,002) (166)
Gain on sale of loans, net (68,493) (38,017) (31,194)
(Gain) loss on sale of real estate owned, net (1,213) 287 (185)
Gain on sale of premises and equipment, net 0 0 (1,080)
Stock-based compensation 768 1,254 958
ESOP expense 0 0 304
Provision for deferred income taxes 4,275 1,282 3,922
Tax effect from stock-based compensation 92 0 0
Increase (decrease) in accounts payable, accrued interest and other liabilities 1,051 2,372 (1,731)
Decrease in prepaid expenses and other assets 2,589 2,688 1,471
Loans originated for sale (3,496,531) (2,516,637) (2,143,543)
Proceeds from sale of loans 3,586,581 2,517,505 2,148,728
Net cash provided by (used for) operating activities 55,065 (12,324) (2,414)
Cash flows from investing activities:      
Decrease in loans held for investment, net 40,816 62,149 85,769
Maturity and calls of investment securities 0 0 3,250
Principal payments from investment securities 3,295 3,341 5,534
Redemption of FHLB – San Francisco stock 6,982 4,721 4,819
Proceeds from sale of real estate owned 13,408 19,895 38,750
Proceeds from the sale of premises and equipment 0 0 2,189
Purchase of premises and equipment (1,111) (2,595) (879)
Net cash provided by investing activities 63,390 87,511 139,432
Cash flows from financing activities:      
(Decrease) increase in deposits, net (38,401) 15,644 12,834
Proceeds from long-term borrowings 0 10,000 30,000
Repayments of long-term borrowings (20,055) (90,052) (133,049)
ESOP loan payment 0 0 2
Treasury stock purchases (8,959) (6,693) 0
Exercise of stock options 296 72 0
Tax effect from stock-based compensation (92) 0 0
Cash dividends (2,541) (1,572) (456)
Net cash used for financing activities (69,752) (72,601) (90,669)
Net increase in cash and cash equivalents 48,703 2,586 46,349
Cash and cash equivalents at beginning of year 145,136 142,550 96,201
Cash and cash equivalents at end of year 193,839 145,136 142,550
Supplemental information:      
Cash paid for interest 10,935 15,249 21,582
Cash paid for income taxes 15,195 5,110 8,380
Transfer of loans held for sale to held for investment 4,601 2,567 283
Real estate acquired in the settlement of loans $ 10,976 $ 24,113 $ 47,316