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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Cash flows from operating activities:    
Net Income $ 2,150 $ 1,775
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation 158 130
Deferred income tax expense 751 635
Net amortization of premiums and discounts 174 344
Net amortization of deferred loan costs and fees 102 15
Provision for loan losses 374 411
Losses (gains) on sale of foreclosed real estate 106 (7)
Excess tax benefit from share based compensation 0 (6)
Net (decrease) increase in accrued income taxes (764) 30
Net increase in accrued interest receivable (159) (208)
Net decrease (increase) in prepaid and other assets 209 (168)
Net decrease in other liabilities (702) (784)
Net cash provided by operating activities 2,399 2,167
Securities available-for-sale:    
Proceeds from maturities 15,735 2,250
Purchases of securities (26,970) (12,889)
Principal payments on securities 1,512 1,394
Securities held-to-maturity:    
Proceeds from maturities 2,788 5,091
Purchases of securities (10,860) (8,942)
Principal payments on securities 2,403 1,500
Net redemption of Federal Home Loan Bank Stock 662 117
Net increase in loans receivable (17,756) (7,969)
Proceeds from sale of foreclosed real estate 223 302
Purchases of premises and equipment (119) (180)
Net cash used by investing activities (32,382) (19,326)
Cash flows from financing activities:    
Net (decrease) increase in short-term FHLB advances (14,700) 1,650
Payment of cash dividends (355) (344)
Proceeds from issuance of stock options 26 39
Excess tax benefit from share based compensation 0 6
Net increase in deposits 41,591 21,734
Net cash provided by financing activities 26,562 23,085
Net (decrease) increase in cash and cash equivalents (3,421) 5,926
Cash and cash equivalents at beginning of period 15,538 13,809
Cash and cash equivalents at end of period 12,117 19,735
Non-cash investing activities:    
Foreclosed loans transferred to foreclosed real estate 318 158
Cash paid during period for:    
Interest 613 572
Income taxes $ 664 $ 20