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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Cash flows from operating activities:    
Net income $ 7,189 $ 6,528
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation 545 617
Deferred income tax expense 488 18
Net amortization of premiums and discounts 1,145 1,815
Net amortization of deferred loan costs and fees 369 340
Provision for loan losses 1,556 1,500
Loss on sale of foreclosed real estate 136 57
Excess tax benefit from stock-based compensation (16) (27)
Net increase (decrease) in accrued income taxes 1,703 (682)
Net increase in accrued interest receivable (316) (47)
Net increase in prepaid expenses and other assets (819) (88)
Net increase in other liabilities 818 1,354
Net cash provided by operating activities 12,798 11,385
Securities available-for-sale:    
Proceeds from maturities 6,672 2,515
Purchases of securities (41,682) (7,341)
Principal payments on securities 5,241 5,862
Securities held-to-maturity:    
Proceeds from maturities 30,993 29,069
Purchases of securities (26,840) (31,610)
Principal payments on securities 8,363 7,363
Net purchase of Federal Home Loan Bank Stock (933) (173)
Purchase of long term certificate of deposit (980) 0
Net increase in loans receivable (47,466) (42,388)
Proceeds from sale of foreclosed real estate 844 431
Purchases of premises and equipment (753) (575)
Net cash used in investing activities (66,541) (36,847)
Cash flows from financing activities:    
Net decrease in short-term FHLB advances 19,750 (7,450)
Proceeds from long-term FHLB advances 4,300 10,500
Payment of cash dividends (1,798) (1,335)
Proceeds from issuance of stock options 61 172
Excess tax benefit from stock-based compensation 16 27
Net increase in deposits 33,143 31,135
Net cash provided by financing activities 55,472 33,049
Net increase in cash and cash equivalents 1,729 7,587
Cash and cash equivalents at beginning of year 13,809 6,222
Cash and cash equivalents at end of year 15,538 13,809
Non-cash investing activities:    
Foreclosed loans transferred to other real estate 1,354 665
Securities transferred from available-for-sale to held-to-maturity 0 11,735
Cash paid during period for:    
Interest 2,304 2,376
Income taxes $ 127 $ 3,201