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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash flows from operating activities:    
Net income $ 1,485 $ 2,562
Adjustments to reconcile net income to net cash provided by (used for) operating activities:    
Depreciation and amortization 1,266 790
Provision (recovery) for loan losses 220 (181)
Stock-based compensation 274 240
Provision for deferred income taxes 27 1,173
Decrease in accounts payable, accrued interest and other liabilities (158) (1,505)
Increase in prepaid expenses and other assets (66) (3,288)
Net cash provided by (used for) operating activities 3,048 (209)
Cash flows from investing activities:    
Decrease (increase) in loans held for investment, net 17,157 (44,368)
Maturity of investment securities held to maturity 400  
Principal payments from investment securities held to maturity 9,119 8,872
Principal payments from investment securities available for sale 295 436
Purchase of investment securities held to maturity (85,117)  
Purchase of premises and equipment (69) (10)
Net cash used for investing activities (58,215) (35,070)
Cash flows from financing activities:    
Increase (decrease) in deposits, net 11,717 (9,535)
Repayments of short-term borrowings, net (5,000)  
Repayments of long-term borrowings (16) (15)
Proceeds from long-term borrowings   30,000
Exercise of stock options   132
Withholding taxes on stock based compensation (30) (27)
Cash dividends (1,041) (1,047)
Treasury stock purchases (30) (346)
Net cash provided by financing activities 5,600 19,162
Net decrease in cash and cash equivalents (49,567) (16,117)
Cash and cash equivalents at beginning of period 116,034 70,632
Cash and cash equivalents at end of period 66,467 54,515
Supplemental information:    
Cash paid for interest 1,343 1,475
Cash paid for income taxes $ 1,020  
Transfer of loans held for sale to held for investment   $ 566