XML 27 R9.htm IDEA: XBRL DOCUMENT v3.19.2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash flows from operating activities:    
Net income $ 4,417 $ 2,131
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 3,075 3,130
Recovery from the allowance for loan losses (475) (536)
Recovery of losses on real estate owned   (561)
Gain on sale of loans, net [1] (7,135) (15,802)
(Gain) loss on sale of real estate owned, net (9) 558
Stock-based compensation 869 1,054
Provision for deferred income taxes 650 165
Increase in accounts payable, accrued interest and other liabilities 1,865 2,174
Decrease (increase) in prepaid expenses and other assets 774 (824)
Loans originated for sale (467,094) (1,185,996)
Proceeds from sale of loans 570,154 1,222,493
Net cash provided by operating activities 107,091 27,986
Cash flows from investing activities:    
Decrease (increase) in loans held for investment, net 22,479 (223)
Purchase of investment securities held to maturity (40,682) (54,148)
Maturity of investment securities held to maturity 800 200
Principal payments from investment securities held to maturity 32,765 25,497
Principal payments from investment securities available for sale 1,463 1,734
Purchase of FHLB - San Francisco stock   (91)
Proceeds from sale of real estate owned 915 2,635
Purchase of premises and equipment (449) (2,909)
Net cash provided by (used for) investing activities 17,291 (27,305)
Cash flows from financing activities:    
Decrease in deposits, net (66,327) (18,923)
Proceeds from long-term borrowings   10,000
Repayments of long-term borrowings (10,056) (10,063)
Repayments of short-term borrowings, net (15,000)  
Treasury stock purchases (1,412) (7,347)
Proceeds from exercise of stock options 553 677
Withholding taxes on stock-based compensation (615) (322)
Cash dividends (4,194) (4,228)
Net cash used for financing activities (97,051) (30,206)
Net increase (decrease) in cash and cash equivalents 27,331 (29,525)
Cash and cash equivalents at beginning of year 43,301 72,826
Cash and cash equivalents at end of year 70,632 43,301
Supplemental information:    
Cash paid for interest 6,221 6,410
Cash paid for income taxes 1,555 2,765
Transfer of loans held for sale to held for investment $ 1,909 1,692
Real estate acquired in the settlement of loans   $ 2,171
[1] Not in scope of ASC 606.